WHERE DO YOU WANT TO LIVE OR INVEST ?

WHAT TYPE OF HOME DO YOU PREFER?

• Single‐family detached homes stand alone on their own lot.
• Single‐family semi‐detached homes are joined on one side to another home.
• Duplexes contain two single‐family homes, one above or beside the other.
• Row houses (townhouses) are several single‐family units, located next to one another joined by common walls.
• Stacked townhouses, link or carriage homes, condominiums and co‐op apartments.

• You own the land and house and are responsible for everything inside and outside of the home.

• You own your unit and share ownership of common spaces.
• The condominium association is responsible for upkeep of the building and common interior elements
• Strata fees take care of such as halls, elevators, parking garages and the grounds.
• You pay a monthly strata fee to the condominium association to cover maintenance costs.
• The fees vary but can somtimes include utilities, TV services and taxes.
• You may also have to buy or rent your parking space.
• Condos often have strict rules regarding rentals, pets, noise, use of common areas and renovations to units.
• Be aware of your condo’s rules before putting in an offer.

• Similar to condos but instead of owning your unit, you own shares in the entire building with the other residents.
• Co‐op residents pay for maintenance and repairs through monthly fees
• Owners are subject to the rules and regulations of the co‐op board.
• If you decide to sell or rent your shares, the co‐op board has the right to reject your prospective buyer or tenant.
• Read the co‐op’s rules before making an offer.