Types of residential property

Liberty One AMC is a national appraisal management company, which under the helmsman ship of Matt Moore, the CEO and President of the company, provides appraisals of all types of real estate, both residential and commercial.

There are different types of residential properties. Mainly they are categorized as single family housing and multi-family housing. The difference is that in the former a property is not attached to another, while in the latter a property may be a part of a complex, small or big.

Single family homes are buildings that stand individually, not attached to another, typically with a courtyard surrounding it. Single family homes can also be part of condominiums, in which case the land is co-owned by the owners of the rest of the residences in the condominium. Patio homes, courtyard homes, villas, cottages, cabins, etc. fall under the category of single family housing.

Multi-family housing refers to those homes that do not stand alone but form complexes that can be of different configurations. Duplexes, triplexes, quadraplexes, large high-rise complexes with plenty of apartments            or flats, etc. are examples of multi-family housing.

Around the world, the single family homes are known by different names. A ‘single family home,’ as it is referred to in the U. S., may be referred to as a ‘detached house’ in the U. K., a ‘single detached dwelling’ in Canada, and a ‘separate house’ in New Zealand. These are just a few variants of the same term which has several other versions to it too.

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