From towering skyscrapers to fixer uppers, Dallas-Fort Worth’s housing stock is among the most diverse in the world, giving homebuyers virtually limitless options when looking for a home to call their own. Just about any neighborhood offers a variety of housing styles and a choice between existing, new-construction or rehabbed homes. Following is a brief rundown of the types of residences you’re most likely to encounter during a home search:
Single-Family Homes — Officially defined as a residential structure that includes only one dwelling, single-family homes are readily available in most of Dallas-Forth Worth's neighborhoods. It provide home owners with extra land, privacy, square footage and outdoor space a single-family home affords. The variety of single-family homes is vast and includes Victorians, Mediterranean, ranch, modern homes and multi-million dollar mansions.
Condominiums — Purchasing a condominium in a multi-unit building means the buyer owns an individual unit as well as a share of the building’s common areas, such as the lobby, corridors and amenity areas. Many buyers choose condominiums because they require little maintenance, frequently offer amenities such as a swimming pool or fitness center, and in most cases are relatively affordable compared to town homes or single-family homes.
Because of the shared ownership, a condominium association is responsible for decisions regarding the operations of the building, and owners must abide by the rules and regulations set forth by the association. Condominium owners also pay monthly assessments, which cover maintenance and repairs of common areas as well as costs associated with shared amenities.
Town Homes — Town homes are multi-level dwellings that share at least one common wall with a neighboring home, which typically has a similar façade.
Likewise, the common walls and roofs of town homes lessen construction costs for developers. Town homes are usually low-maintenance and offer buyers many of the features they would typically find in a single-family home, such as ample living space, a private garage and an outdoor area. However, town home buyers may have to compromise a bit on privacy due to the proximity of their neighbors.