2.01 Housing Options Sherry Brooks David W. Butler April 28, 2009
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
Multifamily Housing: • Structures that provide housing for more than one family. • These structures always have a common wall
Penthouse • Suites located at top of a high-rise apartment building. Usually found in LARGE cities
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
Efficiency Apartment • Has ONE main room that serves as living room and bedroom • Small kitchen and bath • 483 square feet in NYC
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
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
Attached Housing • Designed for one household but shares a common wall • Duplex: 2 units • Triplex: 3 units • Quadplex: 4 units
Townhouse • Attached housing with at least 2 floors
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.
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.
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.
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.
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.
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)