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Sell, Rent, Buy a Real Estate Central Coast NSW Australia investment
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A Real Estate Central Coast NSW Australia property is a form of ownership or right to the use of a property, or the term used to describe such properties. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each sharer is allotted a period of time (typically one week, and almost always the same time every year) in which they may use the property. Units may be on a part-ownership or lease/"right to use" basis, in which the sharer holds no claim to ownership of the property.
The notion of the term "time-share" was originally created in Europe in the 1960s. A developer in the French Alps, was experiencing trouble finding customers for his high priced resort. Realizing that coffee shops sold cake only by the slice (since the entire cake was too expensive and could not be consumed at one sitting) he marketed his resort by encouraging guests to "stop renting a room" and, instead, "buy the hotel". Success followed and the concept of partial ownership was embraced by developers worldwide, boosting sales of surplus condominium units at a time when the resort industry was depressed. Real
Due to the promise of exchange, these units, called "vacation ownership" by the industry, often sell regardless of their deeded resort (most are deeded into a certain resort site, though other forms of use do exist). What is not often disclosed is that all differ in trading power. If one is in Hawaii or Southern California it will exchange extremely well; however, those areas are some of the most expensive in the world, subject to demand typical of a highly trafficked vacation area. The vast majority of inventory flows briskly through two international exchange companies:
Real Estate Central Coast NSW Australia property Industry
This concept has attracted many resort developers and prominent hoteliers, such as Starwood, Wyndham, Accor, Hyatt, Hilton, Marriott, and Disney. Vacation ownership has proven to be lucrative for stakeholders in these major resort families, due to its popularity with vacation-goers. This form of lodging has spawned a variety of products sold on similar occupancy schemes; cars, planes, boats, condo-hotel units and luxury fractional properties (at which affluent guests may stay for as long as a quarter of a year, and which often command a six-figure price tag)
Real Estate Central Coast NSW Australia property Scope of the industry
The scope of today's Real Estate Central Coast NSW Australia property industry in the USA is well documented. The ARDA International Foundation (AIF), which is the research arm of the American Resort Development Association(ARDA), reports there are 1,604 Real Estate Central Coast NSW Australia property resorts, with 154,439 units, in the USA as of January 1, 2006 (AIF 2006). Though reportedly fewer than six % of U.S. households own one, the prevalence of vacation ownership continues to expand. Approximately 4.4 million households own one or more U.S. weekly intervals or points-equivalent as of January 1, 2007, an increase of sixteen % from the prior year.
About half of the resorts in the USA are currently selling, generating sales of $8.6 billion in 2005
The global scope of the industry is not as readily quantified. Interval International, one of the two major exchange companies, reports there are 1,800 resorts in nearly 80 countries, with 2004 worldwide sales estimated at nearly $11.8 billion (Interval International 2006). RCI has more than 4,000 resorts in nearly 100 countries.
A 2001 report estimated there to be 5,425 Real Estate Central Coast NSW Australia property resorts worldwide, of which around 31% are situated in North America, 25% in Europe,8 16% in Latin America (where Mexico leads with 40% in the region). Emerging resorts in Asia offers 14%, led by Japan, but with Thailand and India increasingly prominent.
Real Estate Central Coast NSW Australia property Legislation
The industry is regulated in all countries where resorts are located. In Europe, it is regulated by European and by national legislation. In 1994, the European Communities adopted "The European Directive 94/47/EC of the European Parliament and Council on the protection of purchasers in respect of certain aspects of contracts relating to the purchase of the right to use immovable properties on a Real Estate Central Coast NSW Australia property basis", which was subject to recent review which resulted in the adoption on 14 January 2009 of the European Directive 2008/122/EC.
Real Estate Central Coast NSW Australia property Methods of use
- Use their usage time
- Rent out their owned usage
- Give it as a gift
- Donate it to a charity
- Exchange internally within the same resort or resort group
- Exchange externally into thousands of other resorts
- Sell it either through traditional advertising, online advertising or by using a licensed broker
Recently, with most point systems, owners may elect to:
- Assign their usage time to the point system to be exchanged for airline tickets, hotels, travel packages, cruises, amusement park tickets;
- Instead of renting all their actual usage time, rent part of their points without actually getting any usage time and use the rest of the points;
- Rent more points from either the internal exchange entity or another owner to get a larger unit or more vacation time or at a better location;
- Save or move points from one year to another.
Some developers, however, may limit which of these options are available at their properties.
Owners can elect to stay at their resort during the prescribed period, which varies depending on the nature of their ownership. In many resorts, they can rent out their week or give it as a gift to friends and family.
Real Estate Central Coast NSW Australia property Exchanging Real Estate Central Coast NSW Australia property
Much lauded is the idea of owners exchanging their week, either independently or through several exchange agencies, to stay at one of the thousands of other resorts worldwide. There are many exchange agencies, two of which are the largest: RCI and Interval International (II). Together they have over 7,000 resorts. They have resort affiliate programs and members can only exchange affiliate resorts. It is most common for a resort to be affiliated with only one of the larger exchange agencies, although resorts with dual affiliations are not uncommon. The Real Estate Central Coast NSW Australia property resort one purchases determines which of the major exchange companies can be used to make exchanges. RCI and II charge a yearly membership fee and fees for when they find an exchange. They also bar members from renting weeks for which they already have exchanged.
Owners can also exchange their weeks or points through independent exchange companies. Owners can exchange without needing the resort to have a formal affiliation agreement with the companies.
Sometimes, owners may also arrange a direct exchange. This requires locating an owner with the location and weeks both mutually desire. This form of exchange saves money on exchange fees and is often sought after. Several bulletin boards have been created to help Real Estate Central Coast NSW Australia property owners meet other owners and swap.Real Estate Central Coast NSW Australia property
This type of lodging may take different forms depending on the seller. The vast majority consist of one week of ownership – i.e., 1/52 year – but some developers sell point-based systems that are a different form of vacation currency that allow hotel stays, car rentals, and stays at large networks of resorts.
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Real Estate Central Coast NSW Australia property Varieties
Real Estate Central Coast NSW Australia property Deeded versus right to use
A major difference in types of vacation ownership is that between deeded and right to use contracts.
With deeded contracts the use of the resort is usually divided into week long increments and these are sold as fractional ownership and are real property. As with any other piece of real estate the owner may use his or her week, rent his or her week, give it away, leave it to his or her heirs or sell the week to another prospective buyer. The Owner is also liable for his portion of real estate taxes, which usually are collected with condominium maintenance fee. Potentially owner can even deduct some property related expenses, such as real estate taxes, from his taxable income.
While this form of ownership can offer additional security to the owner as a form of physical ownership, deeded ownership can be as complex as outright property ownership in that the structure of deeds varies according to local property laws. Leasehold deeds are common and offer ownership for a fixed period of time after which the ownership reverts to the Freeholder. Occasionally, leasehold deeds are offered in perpetuity however many do not convey ownership of the land but merely the apartment or 'unit' of accommodation.
With right to use, the purchaser has the right to use the property in accordance with the contract but at some point the contract ends and all rights revert to the property owner. In other words, the right to use contract grants the right to use the resort for a specific number of years. In many countries there are severe limits on foreign property ownership, so this is a common method for developing resorts in countries such as Mexico. Care should be taken with this form of ownership as the right to use often takes the form of 'club membership' or right to use the reservation system. Where the reservation system is owned by a Company not in the control of the owners, the right of use may be lost with the demise of the controlling Company.
A variant form of real estate-based Real Estate Central Coast NSW Australia property that combines features of deeded Real Estate Central Coast NSW Australia property with right-to-use offerings was developed by Disney Vacation Club (DVC) in 1991. Purchasers of Disney Vacation Club Real Estate Central Coast NSW Australia property interests, whom DVC calls "members," receive a deed conveying an undivided real property interest in a Real Estate Central Coast NSW Australia property unit. Each DVC member's property interest is accompanied by an annual allotment of "vacation points" in proportion to the size of the property interest. Like right-to-use products, DVC's vacation points are highly flexible, and may be used in different increments for vacation stays at DVC resorts in a variety of accommodations from studios to three-bedroom villas. In addition, DVC's vacation points can be exchanged for vacations worldwide in non-Disney resorts or may be "banked" into or "borrowed" from future years.
DVC's deeded/vacation point structure, which has been used at all of its Real Estate Central Coast NSW Australia property resorts, has been adopted by other large Real Estate Central Coast NSW Australia property developers including Hilton and Hyatt.
Real Estate Central Coast NSW Australia property Fixed week ownership
The most basic unit is a fixed week; the resort will have a calendar enumerating the weeks roughly starting with the first calendar week of the year. An owner may own a deed to use a unit for a single specified week. For example, week 26 normally includes the Fourth of July holiday, week 51, Christmas and so on. If an owner owned Week 26 at a resort he or she could use that week every year.
Real Estate Central Coast NSW Australia property Floating
Sometimes units are sold as floating weeks. The ownership will be specific on how many weeks the owner owns and from which weeks the owner may select for the owner's stay. An example of this may be a floating summer week where the owner may request any week during the summer season generally weeks 22 through 36. In this example there would be competition for prime holidays such as the weeks of Memorial Day, Fourth of July and Labor Day. The weeks when schools may still be in session would not be so high in demand. Some floating contracts exclude major holidays so they may be sold as fixed weeks.
Real Estate Central Coast NSW Australia property Rotating
Some are sold as rotating weeks, commonly referred to as flex weeks. In an attempt to give all owners a chance for the best weeks, the weeks are rotated forward or backward through the calendar, so one year the owner may have use of week 25, then week 26 the next year and then week 27 the year after that. This method does give each owner a fair opportunity for prime weeks but it is not flexible.
Real Estate Central Coast NSW Australia property Vacation clubs
Major international hotel chains such as Hilton, Accor and Marriott have introduced their own Vacation Ownership Programs which are based on point systems. The share of membership is sold is either deeded or with right to use the club's services for a certain number of years.16
There are also Vacation Clubs that may own units in multiple resorts in different locations, offering services to a private customer base for exclusivity.17 Some clubs consist only of individual weeks at other developer's resorts. Vacation clubs cater to a wide range of economic backgrounds and income levels.
Real Estate Central Coast NSW Australia property Points programs
Resort based points programs are also sold as deeded and as right to use. Points programs annually give the owner an amount of points equal to the level of ownership. The owner in a points program can then use these points to make travel arrangements within the resort group. Many points programs are affiliated with large resort groups offering a large selection of options for destination. Many resort point programs provide flexibility from the traditional week stay. Resort point program members, such as World Mark by Wyndham, may request from the entire available inventory of the resort group.
A points program member may often request fractional weeks as well as full or multiple weeks stays. The number of points required to stay at the resort will vary based on a points chart. The points chart will allow for factors such as:
- The popularity of the resort;
- The size of the accommodations;
- The number of nights;
- The popularity of the season;
- and the specific nights requested.
Real Estate Central Coast NSW Australia property Types and sizes of accommodations
These properties tend to be apartment-style units ranging in size from studio units (with room for two) to three and four-bedroom units. These larger units can comfortably house large families. Units normally include fully equipped kitchens with a dining area, dishwasher, televisions, DVD Players and more. It is not uncommon to have washers and dryers either in the unit or easily accessible on the resort. Kitchens are equipped to the size of the unit, so that a unit that sleeps four should have at least four glasses, plates, forks, knives, spoons, and bowls so that all four guests can sit and eat at once.
Units are usually listed by how many the unit will sleep and how many the unit will sleep privately.
- Sleeps 2/2 would normally be a one bedroom or studio
- Sleeps 6/4 would normally be a two bedroom with a sleeper sofa
Sleep privately refers to the number of guests who will not have to walk through another guest's sleeping area to use a restroom. These resorts tend to be strict on the number of guests per unit. Unit size can affect demand at a given resort where a two-bedroom unit may be in higher demand than a one-bedroom unit at the same resort. The same does not hold true comparing resorts in different locations. A one-bedroom with a great location may still be in higher demand than a resort with less demand. An example of this may be a one-bedroom at a great beach resort compared to a two-bedroom unit at a resort located inland from the same beach.
Real Estate Central Coast NSW Australia property Critique of Real Estate Central Coast NSW Australia property concept
Critics contend Real Estate Central Coast NSW Australia property units are often overpriced, especially in places such as Mexico and Florida where almost every resort offers this style of accommodation.18
The United States Federal Trade Commission provides consumers with information regarding Real Estate Central Coast NSW Australia property s.19 Real Estate Central Coast NSW Australia property s are also known as Universal Lease Programs (ULPs). Due to the nature of Real Estate Central Coast NSW Australia property , they are considered to be securities under the law.
Some individual Real Estate Central Coast NSW Australia property owners also complain about the annual maintenance fee (which includes property taxes) being too high.
Pricing is compared to staying at hotels in the long term, when interest and fees are not included. However with a hotel you do not have a fixed payment, upfront cost, fixed schedule, and set locations.
Real Estate Central Coast NSW Australia property Secondary Market
The secondary market for Real Estate Central Coast NSW Australia property s consists of rentals and resales initiated by the owner. Resale transactions involve the owner permanently transferring his or her deed or right to their Real Estate Central Coast NSW Australia property to another party. Rental involves the owner transferring all or part of their week or interval to another party, without transfer of ownership. This typically takes the form of an owner renting one week to a traveller who uses it as one would use a hotel or other vacation rental. Either transaction can be accomplished entirely by the owner, or with the assistance of a third party, or broker.
Real Estate Central Coast NSW Australia property Real Estate Central Coast NSW Australia property resales
Real Estate Central Coast NSW Australia property s are generally treated as real property and can be resold to another party. However, most Real Estate Central Coast NSW Australia property s do not appreciate in value, and therefore should not be considered a money-making investment. Additionally, as much as 50 % or more of the original purchase price of a Real Estate Central Coast NSW Australia property from a developer or resort went towards marketing costs, sales commission, and other fees, which realistically can never be recouped by the owner. Most Real Estate Central Coast NSW Australia property s resell for the nominal price as low as $1 US, so the new owner only takes responsibility of the maintenance and other recurring fees. Resale price can be considered a market price of the Real Estate Central Coast NSW Australia property .
There are brokers and agents who specialize in reselling Real Estate Central Coast NSW Australia property units on behalf of their owners. This arrangement typically involves listing fees, commissions, or both, being paid by the owner to the broker/agent. In return, the broker/agent markets the resale to prospective buyers. This marketing can take the form of printed materials, Internet postings, radio and television advertisement, and direct telephone solicitations. Most of the fees associated with third party resales are up-front and non-refundable, regardless of whether the unit sells, or for how much.22
Real Estate Central Coast NSW Australia property Donate Real Estate Central Coast NSW Australia property to charity
Another option for Real Estate Central Coast NSW Australia property owners who are seeking to sell their property is to donate it to charity. There are two concepts that need to be understood. The type of donation process and the IRS implications of the donation.
First, very few charities accept Real Estate Central Coast NSW Australia property donations. They must be able to convert the Real Estate Central Coast NSW Australia property to cash. They do not want to become obligated as owners for the same annual bills that face all owners. Unless a charity can convert it to cash by resale, rent, or use, it is a liability instead of an asset. Those charities that do accept them perform in two ways. Most have the donor continue to hold title while they have an experienced broker sell the Real Estate Central Coast NSW Australia property. This takes time and effort with usually low cash offer so, unless it's a very valuable secondary market Real Estate Central Coast NSW Australia property, they will reject it if they can't sell it within 45 days. The second is type of charity hard to find. The charity actually takes title into their own name without a resale, rent or use intended. Their cash conversion process is to charge an acceptance fee. They take on the obligation but usually ignore all bills and threats of collection until the resort decides to take back the deed.
The IRS says if the Real Estate Central Coast NSW Australia property is sold by the charity within a 36 month time of donation the actual cash received in what can be an income deduction. If the Real Estate Central Coast NSW Australia property is not sold a maximum of $5,000 can be deducted without an appraisal. To receive a higher appraisal an appraiser must do it. It must include actually sold Real Estate Central Coast NSW Australia property s with specific information only found on the sales contract or recorded deeds, must use replacement costs of land and improvements (resort prices) in the computation, and is not to use distressed sales as comparable.
Real Estate Central Coast NSW Australia property Real Estate Central Coast NSW Australia property rentals
Depending on the terms of the Real Estate Central Coast NSW Australia property contract, an owner may rent their week or interval to another party in exchange for payment to the owner.
There are many third parties that will rent Real Estate Central Coast NSW Australia property s on behalf of their owners as one time event, or an annual occurrence. The broker/agent will find a suitable renter in exchange for fees and commissions. In addition to a hands-off experience for the owner, third parties typically handle the money transfer as well.
The obstacle of finding a suitable renter remains the same, with the added liabilities associated with renting any real property—namely, ensuring payment prior to transferring the use to the renter, and coverage for any damage to the unit by the renter.
List of house types
Houses can be built in a large variety of configurations. A basic division is between free-
- 1 Detached single-unit housing
- 2 Semi-detached dwellings
- 3 Attached Multi-unit housing
- 4 Movable dwellings
- 5 See also
- 6 References
Standing or detached dwellings and various types of attached or multi-user dwellings. Both sorts may vary greatly in scale and amount of accommodation provided. Although there appear to be many different types, many of the variations listed below are purely matters of style rather than spatial arrangement or scale. Some of the terms listed are only used in some parts of the English speaking world.
Real Estate Central Coast NSW Australia property Detached single-unit housing
Main article: Single-family detached home Real Estate Central Coast NSW Australia
- A-frame: so-called because of the appearance of the structure, namely steep roofline.
- The Addison house: a type of low-cost house with metal floors and cavity walls made of concrete blocks, mostly built in the United Kingdom and in Ireland during 1920 through 1921 to provide housing for soldiers, sailors, and airmen who had returned home from the First World War. The Airey house: a type of low-cost house that was developed in the United Kingdom during in the 1940s by Sir Edwin Airey, and then widely-constructed between 1945 and 1960 to provide housing for soldiers, sailors, and airmen who had returned home from World War II. These are recognizable by their precast concrete columns and by their walls made of precast "ship-lap" concrete panels.1
- American Colonial: a traditional style of house that originated in the east most United States of America.
- Georgian Colonial
- German Colonial
- Hall and parlor house
- New England Colonial
- Spanish Colonial
- Barrack: a traditional style of house originated in Valencia, Spain. Is a historical farm house since XII Century aC until XIX Century around the city of Valencia.
- Barn dominium: a type of house that includes living space attached to either a workshop or a barn, typically for horses, or a large vehicle such as a Recreational Vehicle or a good-sized recreational boat.
- Bay-and-gable: a type of house typically found in the older areas of Toronto, Ontario.
- Bungalow: any simple, single-story house without any basement.
- Cape Cod: a popular design that originated in the coastal area of New England, especially in eastern Massachusetts.
- Cape Dutch: popular in the Western Cape, South Africa and region.
- Castle: primarily a defensive structure/dwelling build during the Dark Ages and the middle Ages, and also during the 18th century and the 19th century.
- Chalet bungalow: popular in the United Kingdom, a combination of a house and a bungalow.
- Chattel house: a small wooden house occupied by working-class people on Barbados.
- Conch house: a vernacular style in Key West and Miami derived from the Bahamian clapboard house.
- Cottage: is usually a small country dwelling, but weavers' cottages are three-storied townhouses with the top floor reserved for the working quarters.
- American Craftsman House
- Creole cottage: a type of house native to the Gulf Coast of the United States, roughly corresponding to the location of the former colonial settlements of the French in Louisiana, Southern Mississippi, and Lower Alabama.
- Cracker House: a style of wood-framework house built rather widely in the 19th century in Florida, Southern Georgia, and South Georgia. Note that the former Atlanta Crackers pro baseball team has its home in Atlanta, Georgia, because of the many "Crackers" who lived in Georgia decades ago.
- Deck House: a custom-built post-and-beam house using high-quality woods and masonry.
- Dogtrot house:: two houses connected by an open breezeway.
- Earth sheltered:: houses using dirt ("earth") piled against it exterior walls for thermal mass, which reduces heat flow into or out of the house, maintaining a more steady indoor temperature.
- Eyebrow House: A style of house found in Key West, Florida in which the roof overhangs the windows reducing the view, but providing more shade.
- A farmhouse: is the main residence house on a farm, or a house built with the same type of styling - located anywhere
- Faux chateau (originating in the 1980s): a notably-inflated in size and price American suburban house with non-contextual French Provençal architectural elements.
- American Foursquare house
- Gable front house (or a Gable front cottage): a generic house type that has a gable roof that faces its street or avenue.2 See the novel The House of Seven Gables, by the American author Nathaniel.
- Gambrel: also known as the Dutch Gambrel
- Geodesic dome:: a rugged domed design, using strong metal components, that was pioneered by the architect Buckminster Fuller in the United States of America in the mid-20th century.
- The Georgian House' is built with the style of Georgian architecture that became popular during the time of King George I through King George IV and King William IV of the United Kingdom.
- Hawksley BL8 bungalow: an aluminum siding-clad timber-framed house built in Great Britain mostly during the 1950s as housing for soldiers, sailors, and airmen who had returned home from World War II.1
- I-house: a traditional British folk house, which became popular in the Middle Atlantic and the Southern American Colonies before the beginning of the American Revolutionary War.3
- Igloo: an Inuit-Eskimo temporary or emergency that was made of knife-sliced blocks of packed snow and/or ice in the Arctic regions of Alaska, Canada, Greenland, and Siberian Russia.
- Indian vernacular
- Izba: a traditional Russian wooden country house.
- Konak: a type of Turkish house that was widely-built during the time of the Ottoman Empire in Turkey, northern Greece, Romania, Bulgaria, Syria, Lebanon, Palestine, Jordan, northern Iraq, etc.
- Laneway house: a type of Canadian house that is constructed behind a normal single family home that leads onto a back lane.
- Link-detached: adjacent detached properties that do not have a party wall, but which are linked by their garages - and so presenting a single frontage to their street or avenue.
- Linked houses are "row-houses" or a "semi-detached houses" that are linked structurally only in their foundations. Above ground, these houses appear to be detached houses. Linking up their foundations cuts the cost of constructing them.
- Log cabin: a house built by American, Canadian, and Russian frontiersmen and their families which was built of solid, squared wooden logs.
- Lustron house: a type of prefabricated house.
- Manor House: a large Medieval country house, or one built later on of a similar design, which formerly was the primary dwelling of the nobleman and his family, and also the administrative hub of a Feudal, and which was also the lowest unit of land organization and use in the Feudal system during the Dark Ages and the Middle Ages in Europe: in other words, before the ride of the Renaissance and the Age of Enlightenment both of which caused the fall of the Feudal system and serfdom, except for in Russia, where the serfs and vassals were not set free until the second half of the 19th century (the 1850s through the 1890s).
- Mansion: a quite-large and usually-luxurious detached house. See also: Manor house, and Georgian House above
- maisonette: is flat or apartment in England, that occupies two floors of a building, and so typically has internal stairs.
- McMansion: a formulaic, inflated suburban house with references to historical styles of architecture, such as Georgian Architecture and the Manor House mentioned above.
- Manufactured house: a prefabricated house that is assembled on the permanent site on which it will sit.
- Mews property: a mews is an urban stable-block that has often been converted into residential properties. The houses may have been converted into ground floor garages with a small flat above which used to house the ostler or just a garage with no living quarters.
- Micro house: a dwelling that fulfills all the requirements of habitation (shelter, sleep, cooking, heating, toilet) in a very compact space. These are quite common in Japan, Hong Kong, Singapore, etc.
- Monolithic dome: a structure cast in one piece, generally made out of shot Crete inside an airform.
- Micro apartment: rather common in Japan, Hong Kong, Singapore, etc. These small single-room dwellings contain a kitchen, a bathroom, a sleeping area, etc., in one place, usually in a multistory building.
- Mudhif: a traditional reed house made by the Madan people of Iraq.
- Octagon house: a house of symmetrical octagonal floor plan, popularized briefly during the 19th century by Orson Squire Fowler.
- Patio house
- Pole house: a timber house in which a set of vertical poles carry the load of all of its suspended floors and roof, allowing all of its walls to be non-load-bearing.
- Prefabricated house: a house whose main structural sections were manufactured in a factory, and then transported to their final building site to be assembled upon a concrete foundation, which had to be poured locally.
- Ranch: a rambling single-story house, often containing a garage and sometimes constructed over a basement.
- Queenslander: a house most commonly built in the tropical areas of Australia, especially in the State of Queensland and in the Northern Territory. These are constructed on top of high concrete piers or else upon the stumps of felled trees in order to allow cooling breezes to flow beneath them, and often they have a wide veranda, or porch, that runs partially or completely the way around the house. See the Cracker House, above, which was quite similar to this one.
- A Roundhouse dwelling: is a kind of a house built with a circular plan. This kind was constructed in Western Europe before the Conquest by the Roman legions. After this conquest, houses were usually built in the Roman style that came from Italy.
- The Saltbox: was a style of wooden house that was widespread during Colonial Times in New England.
- Split-level house: a design of house that was commonly built during the 1950s and 1960s. It has two nearly-equal sections that are located on two different levels, with a short stairway in the corridor connecting them. This kind of house is quite suitable for building on slanted or hilly land.
- "Sears Catalog Home": an owner-built "kit" houses that were sold by the Sears, Roebuck and Co. corporation via catalog orders from 1906 to 1940.
- Shack: a small, usually rundown, wooden building.
- Shotgun house: a style of house that was initially popular in New Orleans starting around 1830, and spread from there to other urban areas throughout the Southern U.S. Its peak period of popularity ran from the Civil War to the Great Depression. This house typically follows the structure of living room, bedrooms, then the bathroom, and kitchen as the last room of the house. The reason for the name is because it all sits in one straight line from front to back.4
- The detached single-family house is any free-standing house that is structurally separated from its neighboring houses, usually separated by open land, making it distinctive from such dwellings as duplexes, townhouses, and condominiums.
- Souterrain: an earthen dwelling typically deriving from Neolithic Age or Bronze Age times.
- Spanish Colonial Revival architecture Based on the Spanish Colonial architecture from the Spanish colonization of the Americas, the Spanish Colonial Revival style updated these forms and detailing for a new century and culture.
- Stilt houses or Pile dwellings: houses raised on stilts over the surface of the soil or a body of water.
- Snout house: a house with the garage door being the closest part of the dwelling to the street.
- Back split: multi-level house that appears as a bungalow from the front elevation.
- Front split: multilevel house that appears as a two-story house in front and a bungalow in the back. It is the opposite of a back split and is a rare configuration.
- Side split: multi-level house where the different levels are visible from the front elevation view.
- Storybook houses: 1920s houses inspired by Hollywood set design.
- Tree house: a house built among the branches or around the trunk of one or more mature trees and does not rest on the ground.
- Trullo: a traditional Apulian stone dwelling with conical roof.
- Tudor Revival architecture:: modern variants of Tudor architecture.
- Underground home: a dwelling dug and constructed underground
- Unit: a type of medium-density housing that is usually found in Australia and New Zealand.
- Unity house: a type of low-cost dwelling built in Great Britain during the 1940s and 1950s. These contain walls made of stacked concrete panels between concrete pillars. About 19,000 of these houses were constructed in the United Kingdom.1
- Vernacular house: house constructed in the manner of the aboriginal population, designed close to nature, using locally-available materials.
- Victorian house
- Villa: originally an upper-class country house, though since its origins in Roman times the idea and function of a villa has evolved considerably.
- Wealden hall house a type of vernacular medieval timber-framed yeoman's house traditional in the south east of England.
- Wimpey house: a low-cost house built in the UK from the 1940s onwards. The walls are of no-fines concrete. About 300,000 were constructed.1
- Yaodong: a dugout used as an abode or shelter in northern China, especially on the Loess Plateau.
- Yurt: a nomadic house of central asia.
Real Estate Central Coast NSW Australia property Semi-detached dwellings
Main article: Semi-detached Real Estate Central Coast NSW Australia
- Duplex house: commonly refers to two separate residences, attached side-by-side, but the term is sometimes used to mean stacked apartments on two different floors (particularly in urban areas such as New York and San Francisco). (See Two decker) The duplex house often looks like either two houses put together, or as a large single home, and both legally and structurally, literally shares a wall between halves. The duplex home can appear as a single townhouse section with two different entrances, though the occasional duplex with a shared common entrance and entry hall have been constructed. The jargon terms "triplex" and "four-plex" are contrived names that refer to similar structures with three or four housing units, or floors if referring to apartments, and again the characteristic sharing of structural walls, as are the townhouse and six pack forms that adapted the savings in materials and costs of a shared load bearing wall.
- Two-family home or two-family house: the generic American real estate business jargon for a small apartment house or a duplex house that contain two dwelling units. In advertisements, "two-family home" is the generally-used jargon.
- Two decker (A Double decker building plan): since real-estate advertising generally specifies correctly whether the two-family home is a duplex-house type these are usually more desirable for both rentals or purchases.
- Semi-detached: two houses joined together; compare duplex.
Real Estate Central Coast NSW Australia property Attached Multi-unit housing
Main article: Multi-family residential Real Estate Central Coast NSW Australia
Specific terms under various American federal, state, or local laws dealing with fair housing, truth in advertising, and so forth, have been prescribed and engender specific legal meanings. For example, in American housing codes, all "apartments" must contain a kitchen, bathing facilities, and a sleeping area, or else that term may not be used. This generates various differences within the English-speaking world, and the terms such as "single-family", "two-family", or "three-family" building, residence, house, home, or property can be generic and thus convey little or no building plan (style of building) information. Such terminology is most common in advertising and real-estate markets that offer leasing of such units, or sales of such buildings.
- Apartment: a relatively self-contained housing unit in a building which is often rented out to one person or a family, or two or more people sharing a lease in a partnership, for their exclusive use. Sometimes called a flat or digs (slang). Some locales have legal definitions of what constitutes an apartment. In some locations, "apartment" denotes a building that was built specifically for such units, whereas "flat" denotes a unit in a building that had been originally built as a single-family house, but later on subdivided into some multi-unit house type.2
- Apartment building, Block of flats: a multi-unit dwelling made up of several (generally four or more) apartments. Contrast this with the two-family house and the three-family dwelling.
- Aul: a type of fortified village found throughout the Caucasus Mountains, especially in Dagestan.
- Barracks: a type of military housing, formerly connoting a large "open bay" with rows of bunk beds and attached bathroom facilities, but during the most recent several decades for the Armed Forces most of the new housing units for unmarried servicemen have been constructed with a dormitory-style layout housing two to four servicemen. This dormitory-styling providing additional privacy has been found to promote the retention of trained personnel in the all-volunteer Armed Forces of the United States.
- Basement apartment
- Brownstone: a Northeastern United States type of housing unit: see rowhouse.
- Bedsit: A British expression (short for bed-sitting room) for a single-roomed dwelling in a sub-divided larger house. The standard type contains a kitchenette or basic cooking facilities in a combined bedroom/living area, with a separate bathroom and lavatory shared between a numbers of rooms. Once common in older Victorian properties in British cities, they are less frequently found since the 1980's as a result of tenancy reforms, property prices and renovation grants that favor the refurbishment of such properties into self-contained flats for leasehold sale.
- Choultry: a South-Indian Hindu-Caravanserai
- Cluster house: an older form of the Q-type house
- Condominium: a form of ownership with individual apartments for everyone, and co-ownership (by %ages) of all of the common areas, such as corridors, hallways, stairways, lobbies, recreation rooms, porches, rooftops, and any outdoor areas of the grounds of the buildings.
- Deck access: a block of "flats" which are accessed from a walkway that is open to the elements.
- Flat: In Great Britain and Ireland, this means exactly the same as an "apartment". In and around San Francisco, Calif., this term means an apartment that takes up an entire floor of a large house, usually one that has been converted from an older Victorian house.
- 2-Flat, 3-Flat, and 4-Flat houses: Houses or buildings with 2, 3, or 4 flats, respectively, especially when each of the flats takes up one entire floor of the house. There is a common stairway in the front and often in the back providing access to all the flats. 2-Flats and sometimes 3-flats are common in certain older neighborhoods.
- Four Plus One: an apartment building consisting of four stories above a parking lot. The four floors containing the apartment units are of wood-frame and masonry construction. It was particularly popular in Chicago during the 1960s and 1970s, especially on the city's north side.6.
- Garage-apartment: an apartment over a garage; if the garage is attached, the apartment will have a separate entrance from the main house.
- Garalow: a portmanteau word "garage" + "bungalow"; similar to a garage-apartment, but with the apartment and garage at the same level.
- Garden apartment: a building style usually characterized by two story, semi-detached buildings, each floor being a separate apartment.
- Garden flat: a flat which is at garden (ground) level in a multilevel house or apartment building, especially in the case of Georgian and Victorian terraced housing which has been sub-divided into separate dwellings.
- Housing cooperative (or Co-op): a form of ownership in which a non-profit corporation owns the entire apartment building or development and residents own shares in the corporation that correspond to their apartment and a %age of common areas. In Australia this corresponds with a "company title" apartment.
- Housing project: a North American term for government-owned housing for low-income tenants (aka Public housing or Social housing).
- Live Work: a townhouse / row house having a retail, office or workshop on the ground floor with living premises of the building proprietor and occupier (the one person) of the ground floor commercial space above e.g. like the traditional high street Victorian grocer. Normally with fire rated separation.
- Ksar: a village consisting of generally attached houses, widespread among the oasis populations of the Maghreb (northern Africa)
- Loft or warehouse conversion can be an apartment building wherein part of the unit, usually consisting of the bedroom(s) and/or a second bedroom level bath is sub-divided vertically within the structurally tall bay between the structural floors of a former factory or warehouse building. The lofts created in such are locally supported by columns and bearing walls and not part of the overall original load bearing structure.
- Maisonette: an apartment / flat on two levels with internal stairs, or which has its own entrance at street level.
- Mess: a building or flat with single bedroom per tenant and shared facilities like toilets and kitchens. These are popular with students, bachelors or low wage earners in the Indian subcontinent. It is similar to the bedsit in the UK. Some variants include multiple tenants per bedroom and inclusion of a centralized maid service or cooked meals with tenancy.
- Mother-in-law apartment: small apartment either at the back, in the basement, or on an upper level subdivision of the main house, usually with a separate entrance (also known as a "Granny flat" in the UK, Australia and New Zealand). If it is a separate structure from the main house, it is called a 'granny cottage' or a 'doddy house'. Such Secondary suites are often efficiency or two room apartments but always have kitchen facilities (which is usually a legal requirement of any apartment).
- Officetel: small apartment providing a combined work and living area in one place, especially in South Korea.
- Penthouse: the top floor of multi-story building
- Plattenbau (East German) / Panelák (Czech, Slovak): a communist-era tower block that is made of slabs of concrete put together.
- Q-type: townhouse built mainly in housing estates in the UK beginning in the late 20th century. The houses are arranged in blocks of four with each house at a corner of the block.7 Similar to the earlier cluster house (see above).
- Railroad apartment (or railroad flat): a type of apartment that is in a building built on a very narrow lot (usually about as wide as a railroad car, or Pullman car sections thereof).
- Rooming house: a type of Single Room Occupancy building where most washing, kitchen and laundry facilities are shared between residents, which may also share a common suite of living rooms and dining room, with or without board arrangements. When board is provided (no longer common), a common dining time and schedule is imposed by the landlord who in such cases also serves as an innkeeper of sorts. In Australia and the United States, any housing accommodation with 4 or more bedrooms can be regarded as a rooming house if each bedroom is subject to individual tenancy agreements. In the U.S., rooming house lease agreements typically run for very short periods, usually week to week, or a few days at a time. Transient housing arrangements for longer term tenancies are implemented by a "rider" on a case by case basis, if local laws permit.
- Rowhouse (USA); also called "Terraced home" (USA); also called "Townhouse": 3 or more houses in a row sharing a "party" wall with its adjacent neighbour. In New York and Boston, "Brownstones" are rowhouses. Rowhouses are typically multiple stories. The term townhouse is currently coming into wider use in the UK, but terraced house (not "terraced home") is more common.
- Shophouse: the name given in Southeast Asia to a terraced two to five story urban building featuring a shop or other public activity on the street level, with residential accommodation on upper floors.
- Single Room Occupancy or SRO: a studio apartment, usually occurring with a block of many similar apartments, intended for use as public housing. They may or may not have their own washing, laundry, and kitchen facilities. In the United States, lack of kitchen facilities prevents use of the term "apartment", so such would be classified as a boarding house or hotel.
- Six-pack: In New England (USA), this refers to a stick-built block of 6 apartments comprising (duplexed) two three story Triple decker’s built side by side sharing one wall, a common roof, lot, yards (lawns and gardens, if any), parking arrangements, and basement, but possessing separately metered electric, and separate hot water and heating or air conditioning. In Australia, it refers to a style of apartments that were constructed during the 1960s, 70s and early 80s, usually comprising a single, masonry-built block containing 4 to 8 walk-up apartments (though sometimes, many more), of between 2 and 3 stories in height, with car parking at the side or rear.
- Studio apartment or Studio flat (UK), or Bachelor apartment or Efficiency apartment: a suite with a single room that doubles as living/sitting room and bedroom, with a kitchenette and bath squeezed in off to one side. The unit is designed for a single occupant or possibly a couple. Especially in Canada and South Africa, also called bachelor, or bachelorette if very small.
- Tenement: a multi-unit dwelling usually of frame construction, quite often brick veneered, made up of several (generally many more than four to six) apartments (i.e. a large apartment building) that can be up to five stories. Tenements do not generally have elevators. In the United States the connotation sometimes implies a run-down or poorly-cared-for building. It often refers to a very large apartment building usually constructed during the late nineteenth to early twentieth century era sited in cities or company towns.
- Terraced house: Since the late 18th century is a style of housing where (generally) identical individual houses are conjoined into rows - a line of houses which abut directly on to each other built with shared party walls between dwellings whose uniform fronts and uniform height created an ensemble that was more stylish than a "rowhouse". However this is also the UK term for a "rowhouse" regardless of whether the houses are identical or not.
- Back-to-back: Terraced houses which also adjoin a second terrace to the rear. They were a common form of housing for workers during the Industrial in England.
- Tower block or Apartment tower: a high-rise apartment building.
- Townhouse: also called Rowhouse (US). In the UK, a townhouse is a traditional term for an upper class house in London (in contrast with country house), and is now coming into use as a term for new terraced houses, which are often three or more stories tall and may include a garage on the ground floor.
- Stacked townhouse: Units are stacked on each other; units may be multilevel; all units have direct access from the outside.
- Three family home or Three family house — U.S. real estate and advertising term for several configurations of apartment classed dwelling buildings including:
- Triple decker: a three-family apartment house, usually of frame construction, in which all three apartment units are stacked on top of one another. (For additional characteristics, also see Multifamily below.)
- Two decker: a two family house consisting of stacked apartments that frequently have similar or identical floor plans. Some two decker’s, usually ones starting as single family homes, have one or both floors sub-divided and are therefore three or four-family dwellings. Some have external stairways giving a totally separate entrance, and some, usually those which have been a single family house now sub-divided, are similar to the Maisonette plan but sharing a common external 'main entrance' door and lock, and a main internal hall with stairways letting to the separate apartments. (For additional characteristics, also see multifamily home features below.)
Multifamily home features Real Estate Central Coast NSW Australia
- Tenants usually have some portion of the basement and/or common attic.
- Fire regulations aggressively require a separate emergency egress for all apartments under U.S. laws and national fire codes.
- Utilities are either paid as part of the rent, or (now predominant) the units have separately provided heat, air conditioning, electrical distribution panels and meters, and sometimes (uncommonly) water metering, separating all secondary housing costs by rental unit. Common lighting may or may not be off a separate meter and circuitry in subdivided former single family dwellings.
- leasehold documents will specify other common factors such as specific parking rights, rights to common spaces such as lawn and gardens on the premises, storage or garage (usually a detached unit, that cannot economically be converted into an additional housing unit) facilities and details such as who has responsibility for upkeep, snow removal, lawn care, and so forth.
- Tong Lau: a type of shop house found in southern China.
- Unit: a type of Medium-density housing found in Australia and New Zealand.
- Vatara: a housing complex, mainly found in urban Karnataka, India, similar to an apartment complex, but with mostly two stories and homes in a row on each floor.
Real Estate Central Coast NSW Australia