Tanvir Khera

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Vancouver Real Estate

 

Home

A single family residence, or single family home is a detached home, usually with both a front and back yard, driveway, and attached garage.

Pros

  • A single family residence offers greater privacy, no common walls, less intruding noise from neighbors
  • Usually includes a yard which may include enough space for a lawn, swimming pool, RV parking, or other amenities
  • May be able to be expanded
  • Garages are common
  • May have a homeowners’ association and CC&Rs

Cons

  • More expensive home type
  • All maintenance on a single family residence is homeowner’s responsibility
  • May have a homeowners’ association and CC&Rs
 

Condominium

Condominiums, or more commonly referred to as condos, are essentially apartments that are individually owned:

Pros

  • Condos are generally less expensive than single family homes
  • You may be able to afford to live in a more expensive neighborhood
  • Easy lifestyle – the condominium homeowners association often covers roof replacement, exterior maintenance, common area maintenance, and other expenses
  • Condominiums often include amenities such as a community pool

Cons

  • Noise from neighbors, including those above , next to, or below your unit
  • Homeowners’ association fees and politics, and CC&R restrictions
  • Parking at condos is often in a common area not attached to the home
  • No yard
  • Some condo buildings may have stairs

Townhouses

A townhouse is a dwelling that seems to combine the best amenities of a single-family home and a true condo. Many people are a bit confused about exactly what defines a dwelling as a townhouse, and some of the lines are somewhat blurred, but the true explanation of a townhouse is simple: a townhouse is a home that is attached to adjacent houses. Typically, ownership of the townhouse comes with ownership of the land that its on.

Pros

  • Exterior maintenance ad repairs are minimal
  • There are no neighbors above or below the home like in an apartment or a condo
  • Because the homes are attached, they may offer a grater sense of security

Cons

  • If there is a homeowner's association, buyers will have to pay a homeowner's fee
  • There is less privacy than with a detached single-family home
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.