Types Of Homes
A building where you pay money every month to live, but you do not own it.
What is an Apartment!
The person who pays money every month to live in a place they do not own
What is a Rentor (or Tenant)!
The upfront cash you pay, usually 3% to 20% of the total price.
What is a Down Payment!
A house that stands all by itself and does not touch any other houses.
What is a standalone or single-family house!
The person who owns the property and collects the cash from the people living there
What is a Landlord!
An official ad that a property is up for sale.
What is a Listing!
Two separate houses that are attached to each other and share one middle wall.
What is a Duplex!
The room built completely underground beneath the main floor of a house.
What is a Basement!
The actual price a buyer is willing to pay to buy a house today.
What is Market Value!
Houses that are built in a long row and touch each other on both sides.
What is a townhouse!
The space right under the roof of a house where people usually hide old boxes.
What is an Attic!
The way a property gains value over time.
What is Appreciation!
A super expensive luxury apartment on the very top floor of a tall city skyscraper.
What is a Penthouse!
An event where a house for sale is unlocked on the weekend so anyone can walk in and look around.
What is an Open House!
The actual portion of the home that you own.
What is Equity!