1. Sherry Brooks David W. Butler April 28, 2009
2.01 Housing Options
Sherry Brooks
David W. Butler
April 28, 2009

2. Location
Region: Specific place in the world, country, state, county that YOU live in. Many reasons for choosing this place:
Climate, Family, Job, etc
Community: regions that are subdivided in towns, cities, rural areas
Ex: Charlotte—Matthews---Meck. County

3. Types of Housing

4. Multifamily Housing:
Structures that provide housing for more than one family.
These structures always have a common wall

5. Penthouse
Suites located at top of a high-rise apartment building. Usually found in LARGE cities

6. Garden Apartment
Usually a one-story unit with landscaped grounds. Usually has amenities such as pool, club house, tennis, laundry facilities. Can be a large or small complex

7. Efficiency Apartment
Has ONE main room that serves as living room and bedroom
Small kitchen and bath
483 square feet in NYC

8. Upper East Side $2050/month 2 Rooms

9. Cooperative
Refers to ownership in which people buy SHARES of stock in a building and this entitles them to “buy” the unit in which they live.
Although no ones “owns” their specific unit, they own stock in the whole property.
Tenants vote to allow people into the building and vote on issues pertaining to the building

10. 115 E Park Ave

11. Condominiums
Ownership in which the buyer owns individual space and interest in the common areas.
Must follow the HOA (Homeowners Association) in regards to the exterior of unit, all yards, and other common areas.
Can make NO changes unless approved by HOA

12. Fox Ridge

13. Attached Housing Designed for one household but shares a common wall
Duplex: 2 units
Triplex: 3 units
Quadplex: 4 units

14. Townhouse
Attached housing with at least 2 floors

15. Custom Built
A home that is designed by an architect and built by a contractor to meet the needs of an individual family.
With a custom built home, the home is unique and there are seldom two that are alike.
These homes are more costly than other homes and often takes longer to build.

17. Owner Built The building of this home is supervised by the owner.
Owner built homes require knowledge and lots of personal time and energy.
The owner does not necessarily do their own work, but hires the individual team of workers.

18. Factory Built
Factory-built homes are constructed in parts or are fully finished in a plant/factory.
These usually cost less and take less time to construct.

19. Modular Homes
Modular homes are built in boxes/rooms and shipped to the building site.
The “boxes” are then assembled onto a foundation to form a house.

20. Manufactured Homes
These homes are completely built in a factory or plant and pulled to the lot on wheels.
The wheels may be removed and the home placed on a foundation to meet local codes.

22. Stick Built
A “stick-built” home constructed on the lot using some factory-built components such as precut items and kits (roofs and walls framing)