What Type of Housing is Right for Me?

• Lower purchase price than townhouse or detached home
• Lower cost and taxes
• Lower maintenance effort
• Better than apartment because it can be re-sold or rented out
• Some important backyard activities possible (i.e., barbecues, sandboxes, swings, etc.)

Disadvantages

• Harder to re-sell than a townhouse or detached home
  Value appreciation is modest at best
• No private yard or land
  Common walls shared with neighbors
• Less crowded than an apartment complex (but still crowded with multiple units)

• More privacy at low cost - best compromise
• Own small private yard along with the house
• Better value appreciation - easy to re-sell or rent out
• Better financing available with low down payment and low rates
• Some outdoor activities possible in the yard (i.e., barbecues, sandboxes, swings, etc.)

• Common wall shared with neighbors (acceptable if you have good neighbors)
• More expensive than a condominium for the same livable area (square footage)
  

• Provides best living space
• You own both the lot and the house - best value appreciation choice
• Highest level of privacy with greatest amount of control to improve (i.e., adding fences, trees, shrubs, etc.)
• Best financing available with lowest down payment and lowest rates
• All outdoor activities are possible (i.e., barbecues, swings, swimming pools, gardens, etc.)

• More expensive than townhouse, condominium, and apartment
• Requires highest maintenance effort