Question by : Whats the difference between a multi family home and a single family home?
When looking at houses for sale online I notice that some say multi family and some say single family. Does multi family mean there will be another family living there too!? I notice these houses are cheaper in price too. How can there be two owners if so?
Best answer:
Answer by mindcrime828
An example of a multi-family home would be a duplex, which is a house that is divided into two homes. One family could be living in the upstairs part, with another taking the lower level. Both levels have the necessary aspects of a home such as a kitchen, bathroom, bedrooms, etc and have its own main entrance. Condos are also considered multi-family homes as one building contains multiple homes. Each family would the portion of the home that is theirs, with the common areas owned by all or the property manager. Usually an association fee is included for mutli-family homes to covers the costs of maintaining the exterior and common areas (lawn, parking lots, etc).
A single family home would be your traditional house.
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