Townhouse
An attached dwelling in a multiple housing complex having at least two floors and usually a garage. Such dwellings are typically found in condominiums and cooperatives.
Popular Real Estate Terms
Same as term higher and best use: Use of a parcel of land that will produce the greatest current value. ...
Structure that has the same blue print and design as all the other homes in a given development; the opposite of custom built. ...
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Arrangement whereby a party providing financing gets a portion of the ownership. ...
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Under a FHA-insured mortgage, both the property and the borrower must meet certain minimum standards. The borrower is charged an insurance fee of one-half percent on the unpaid balance and ...
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Comments for Townhouse
If a triplex has a pair of side-by-side 2-story units with the 3rd unit sitting on the 3rd floor across the first 2 units, can the complex be made into townhouses?
Jun 11, 2019 12:39:56Hello, Reuben! Townhomes usually have their own entrance at street level, so you may turn your three unit property into two townhomes, although you should seek advice from your city first, and then, get a permit.
Jun 21, 2019 06:37:58Have a question or comment?
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