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2.01 Housing Options

2.01 Housing Options

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2.01 Housing Options

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  1. 2.01 Housing Options Sherry Brooks David W. Butler April 28, 2009

  2. Location • Region: Specific place in the world, country, state, county that YOU live in. Many reasons for choosing this place: • Climate, Family, Job, etc • Community: regions that are subdivided in towns, cities, rural areas • Ex: Charlotte—Matthews---Meck. County

  3. Types of Housing

  4. Multifamily Housing: • Structures that provide housing for more than one family. • These structures always have a common wall

  5. Penthouse • Suites located at top of a high-rise apartment building. Usually found in LARGE cities

  6. Garden Apartment • Usually a one-story unit with landscaped grounds. Usually has amenities such as pool, club house, tennis, laundry facilities. Can be a large or small complex

  7. Efficiency Apartment • Has ONE main room that serves as living room and bedroom • Small kitchen and bath • 483 square feet in NYC

  8. Upper East Side$2050/month 2 Rooms

  9. Cooperative • Refers to ownership in which people buy SHARES of stock in a building and this entitles them to “buy” the unit in which they live. • Although no ones “owns” their specific unit, they own stock in the whole property. • Tenants vote to allow people into the building and vote on issues pertaining to the building

  10. 115 E Park Ave

  11. Condominiums • Ownership in which the buyer owns individual space and interest in the common areas. • Must follow the HOA (Homeowners Association) in regards to the exterior of unit, all yards, and other common areas. • Can make NO changes unless approved by HOA

  12. Fox Ridge

  13. Attached Housing • Designed for one household but shares a common wall • Duplex: 2 units • Triplex: 3 units • Quadplex: 4 units

  14. Townhouse • Attached housing with at least 2 floors

  15. Custom Built • A home that is designed by an architect and built by a contractor to meet the needs of an individual family. • With a custom built home, the home is unique and there are seldom two that are alike. • These homes are more costly than other homes and often takes longer to build.

  16. Owner Built • The building of this home is supervised by the owner. • Owner built homes require knowledge and lots of personal time and energy. • The owner does not necessarily do their own work, but hires the individual team of workers.

  17. Factory Built • Factory-built homes are constructed in parts or are fully finished in a plant/factory. • These usually cost less and take less time to construct.

  18. Modular Homes • Modular homes are built in boxes/rooms and shipped to the building site. • The “boxes” are then assembled onto a foundation to form a house.

  19. Manufactured Homes • These homes are completely built in a factory or plant and pulled to the lot on wheels. • The wheels may be removed and the home placed on a foundation to meet local codes.

  20. Stick Built • A “stick-built” home constructed on the lot using some factory-built components such as precut items and kits (roofs and walls framing)