Types of Union New Jersey Housing

By
Real Estate Agent

Types of Union New Jersey Housing

 

Are you familiar with the different types of housing that you can purchase in Union New Jersey? If you are on the market for a new home, it is important that you know the difference between a single family home, a townhouse, and a condominium. Familiarize yourself with the advantages and disadvantages of each so that you make a wise decision about your home purchase.

 

Single Family Homes

 

The single-family house is the most common type of housing in Union New Jersey. This type of housing dwelling designed for a single family and has its own land. The house and the land are purchased and sold together. Unlike townhouses and condominiums, single-family types of housing are not attached to other homes. Aside from regulations from your neighborhood or subdivision, you are free to do whatever you would like with your home.

 

With a single family home, you are responsible for the cost of maintaining and repairing the home, whether you do it yourself or pay someone else to do it. In addition, landscaping and lawn maintenance are also your responsibility. If you want to have a pool or playground in your backyard, you will have to provide such amenities.

 

The good thing about single-family homes is that you have the freedom to make whatever changes you with. Improvements to your home can greatly increase the resale value, which is already higher than that of other types of housing.

 

Townhouses

 

A townhouse is the middle-ground type of housing between a single family home and a condominium. They share characteristics with both types of housing. In most cases, a townhouse is attached to at least one other house. When you own a townhouse you own the home as well as the property on which the home sits.

 

Since townhouses are a part of a larger community, you can usually find many of the amenities that you might find with an apartment. This includes swimming pools, fitness centers, tennis courts, etc.

 

While you are responsible for some of the maintenance and repairs, it will not be to the extent of that of a single family dwelling.

 

Townhouses are often part of a Home Owner’s Association, to which you are required to be a member.

 

Condominiums

 

A condominium, condo, for short, is a type of housing that is best described as an apartment that you are able to own. When you purchase a condo, you own everything inside your walls and share ownership of common areas with your neighbors.

 

Often condo ownership requires you to pay a monthly fee that covers repairs and maintenance to the common area. The condo association handles exterior maintenance and repairs, but in many cases, you contribute to the cost through dues or assessments.

 

Condo prices are often more affordable that those of single family homes and townhouses. There are often a number of amenities available for you to use. You have a minimal responsibility for exterior maintenance and repairs.

 

It can be hard to resell a condo. They are known to spend a longer time on the market than other types of housing.

 

If you would like to know more about the advantages and disadvantages of Union New Jersey housing feel free to contact me.

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Working With Arary

Comments (16)

Kathy Knight
Intracoastal Realty Corp - Wilmington, NC
BROKER, ABR, CRS, GRI, SFR, SRES

Good blog Arary - people may not know what that there are differences among the types of housing.

May 31, 2011 01:16 PM
Scott Hayes
(512) 786-8300 - Austin, TX
Realty Austin, Broker Associate

Arary

 

I've found that most people have no idea about the differences between condos and townhomes. Of course some real estate agents don't know those differences either. Informative post

May 31, 2011 04:40 PM
Trisha P Realty Group
Realty Executives - Leavenworth, KS
"Holding the Keys to Your Dream Home"
I will have to admit. We don't have condo's where I live, and seriously only a baby handful of townhomes. I honestly wasn't 100% on how condos were categorized. That's for the info!
May 31, 2011 04:45 PM
Robert Hammerstein
Christie's International Real Estate - Hillsdale, NJ
Bergen County NJ Real Estate

Arary - A succinct explanation of our available housing here in NJ. Welcome to the Rain and much success to your future here.

May 31, 2011 05:18 PM
Evelyn Kennedy
Alain Pinel Realtors - Alameda, CA
Alameda, Real Estate, Alameda, CA

Arary:

A Scott says, even some Realtors have trouble distinguishing between townhouse and condos.  Thanks for the clear explanation.

May 31, 2011 06:06 PM
Cheryl Ritchie
RE/MAX Leading Edge www.GoldenResults.com - Huntingtown, MD
Southern Maryland 301-980-7566
I enjoy looking at the different architecture from different areas of the country in posts.
Jun 01, 2011 12:12 AM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Arary, welcome to ActiveRain. A very good discussion on the different types of homes. Congratulations on the feature.

Jun 01, 2011 02:36 AM
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

A nice post about what's available.  {Hint:  include some stats next post.  How many condos are available in Union, NJ?  How many detached?}  ;-)  I love to see the numbers, availability, what's under contract, sales.  Congrats on the feature and being here in the rain!!

Jun 01, 2011 04:03 AM
Arary McGowan
Union, NJ

Kathy Thanks you. Glad you liked the post.

Jun 01, 2011 01:50 PM
Arary McGowan
Union, NJ

Scott, Thanks your correct. Now you learn all this in the real estate license course but who retains all that information. Thanks for the comment.

Jun 01, 2011 01:52 PM
Arary McGowan
Union, NJ

Trisha, I'm glad I was able to provide you with useful info. Sorry it doesn't really apply to your area.

Jun 01, 2011 01:54 PM
Arary McGowan
Union, NJ

Robert, Thanks for your comment. Looking forward to your future post.

Jun 01, 2011 01:57 PM
Arary McGowan
Union, NJ

Evelyn, No problem. Thanks.

Jun 01, 2011 01:58 PM
Arary McGowan
Union, NJ

Cherly,

Isn't amazing how the architecture changes from coast to coast?? Thanks for your comment..

Jun 01, 2011 01:59 PM
Arary McGowan
Union, NJ

Thanks Michael

Jun 01, 2011 02:00 PM
Arary McGowan
Union, NJ

Carla thanks for your input. Great tip for a future post.

Jun 01, 2011 02:01 PM