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There are major differences between owning a singlefamily home and a patio home, but those differences could be exactly what you’ re looking for. Whether seeking to downsize or to purchase your first home, it’ s helpful to know what makes patio homes so attractive to buyers.
Single-family homes provide owners with a sense of privacy— no shared walls, floors, or yards. Patio homes have some similarities to condos and townhomes, including a shared wall and lawn, but differ slightly. Townhomes are typically two to three stories, condos may be one to two, but patio homes aim for all amenities to be on one floor, although some may include a loft.
This appeals to those looking for a home with a smaller footprint and without stairs. Patio homes also offer the sense of a close-knit community of people through shared lawns, amenities, and close living quarters.
But the biggest difference isn’ t what’ s on the inside, but what’ s on the outside. Townhome and condo owners typically only own the interior of the housing unit, while patio home ownership also includes the lot that the property sits on. Although residents own their land, many communities have a homeowner association, or HOA, that they contribute to for lawn care, maintenance and other services.
If you’ re looking for low-maintenance living but a strong sense of community, a patio home might be for you. n
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