Properties come in all different shapes and sizes.
With that, finding the perfect place can be difficult when there are so many options for places! There are many factors that can play a huge role in what type of property you choose.
So, we have compiled a list of the 3 most popular types of properties and what they mean to you!
1. Single-Family Home
A single-family home is exactly what it says, a home for a single-family! But if you are looking for a more technical definition, according to the U.S. Census Bureau:
a single-family house is one that may be fully detached, semi-detached, a row house or a townhome.
However, for a dwelling that’s attached to other homes to be considered a single-family home, it “must be separated from the adjacent unit by a ground-to-roof wall.” With that, if you are one that likes to have their own space, then this type of home is the perfect fit for you.
2. Apartment
Also known as a “flat”, apartments are many rooms forming one residence, typically in a building. According to the U.S Census Bureau, an apartment is “a group of rooms or a single room intended for occupancy as separate living quarters.”
With that, apartments are typically a perfect fit for a small family, roommates, a couple, or a single person! Apartments are typically found in urban areas and do not usually have a yard. However, apartments have a lot of benefits like extra amenities and convivence.
3. Condominium
A condominium or “condo” for short, according to bankrate.com “is a privately-owned individual unit within a building of other units. Condo owners jointly own shared common areas, such as pools, garages, elevators, outside hallways, and gyms, to name a few.”
So, now you may be thinking, “what is the difference between a condo and an apartment?” An apartment is typically rented, and a condo is usually a privately-owned property.
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The global version of this would be interesting! So many different ways of living around the world, and so many people LEAVING the US and looking to buy or rent in other countries to escape the social-economic slump-collapse ahead.... We are seeing DAILY posts in Thai social media from Americans curious about Thai housing options & prices when travel from US to Thailand will be possible.
Oh yeah, Thailand is an excellent place to pick up some affordable real estate, and things are growing there year over year. That would be a great move!
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Covid has destroyed the tourist market - borders tightly closed for 6 months + and even Thai nationals struggling to return. You can buy a NEW apartment (about 35 sqm) freehold in trendy Nimmanheiman (Chiang Mai) right now for around USD $30,000.
Chinese investors expected any day now....
!ENGAGE 15
Wow, that's nuts. I spent about 4 months in CM near the south side of the gate, and I only spent ~ $285/mo w/ full utilities + guard-gated community....30k is fucking NUTS.
I need to get back out there ASAP!!
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I speak Thai & have lived here for 17 years... happy to assst when you get here. 😆 We live in Mae Rim in a lovely old solid teak 2 storey house. Have guest room if you need. 😊
!ENGAGE 15
WOW that would be amazing! I stayed at a few hostels there, and used to hang out at the coworking places there (Koh-Space and the other one, Maya, I think?) - I would soooooooooooooo love to come back.
I hope they allow us to come back soon <3
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It will be 2021 - most locals are tipping June. Urgh. You're welcome whenever you can get here. We can collaborate on running a Hive Drive. 😊
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