Real Estate: The Various Types of Property

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If you and your partner have been saving hard and you finally have what it takes to put a deposit down on your very first home, there are lots of things to consider when buying property. The style of house, for example, is one aspect of choosing a home, and with that in mind, here is a brief description of the different types of property available today.

  • Condominium – This is a large development with 4-15 floors (sometimes up to 30), which are generally found in resort towns or cities. The condo unit might be a studio (for one person), a one, two, or even three-bedroom unit, depending on your needs. Typically, a condo complex has many amenities, such as swimming pool, fitness room, laundry and maid service, and even convenience stores and restaurants.
  • Townhouse – This is typically a row of houses that are interconnected, with 2,3 or even 4 storeys, which means there are two end units, which usually occupy a little more land and have a bigger garden. Called a townhouse because they are normally located in towns and cities. The townhouse usually has a small front area, enough to park a single car, and a larger back garden, plus there are sometimes small balconies on the upper windows. These properties are rectangular in shape and generally have the most floor space of all the house types, and there might be a carport at the front.
  • Semi-Detached – Often homes are built in pairs, which means two properties are joined together, which we call semi-detached, where one side is open and the other is connected to the property next door.
  • Detached – This is a stand-alone property that is centred on the land, giving you garden all the way around the building. Check out benyapha.com/บ้านเบญญาภา-ปลวกแดง/, a major developer in Thailand who has many types of property for sale. A detached property usually has two storeys, and a single storey detached property is called a bungalow.
  • Bungalow – A single storey detached property, bungalows are very popular with retired people, as they are ideal for a couple with no children, and many couples sell their home when the kids have left and downsize to a bungalow somewhere nice and sunny, as this makes for the ideal retirement property.
  • Villa – Very similar to a bungalow, the villa would be a single storey building that usually sits on a large plot of land. These are typically found in coastal areas and they are often rented out as holiday homes. If you are looking to buy a holiday home, here are a few tips to ensure you make the right choices.
  • Cottage – An old English word, a cottage is a small rural dwelling of stone construction, which may have a thatched roof, and although they are common in the UK, there are not many in Europe. Of course, in the UK, there are many property laws, which you should familiarise yourself with, prior to entering into a purchase agreement.

There is a lot to take into account when you are looking to buy real estate and you are advised to take your time and view as many properties as you can before coming to any decision.

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