When considering purchasing a house, many individuals immediately envision the typical single-family home. These residences have predominantly become synonymous with the concept of homeownership. However, they are not the sole types of houses available on the market, and your ideal home could indeed be something quite different. From condominiums to cooperatives, various types of houses offer advantages that many individuals overlook. To assist you in finding the ideal fit for you and your family, here's an overview of the most common types of houses and the potential each type presents to homebuyers.


Single-Family Home

A single-family home is a detached building constructed on a lot, representing the most prevalent type of house; approximately 70 percent of Americans reside in single-family homes.

Owning a single-family home affords you the freedom to renovate as you desire, without the restrictions imposed by landlords. Moreover, you benefit from the privacy of living in a detached structure, free from shared walls with neighbors. Single-family homes typically offer more space and may include front and backyards.

When selling your house, a single-family home tends to maintain its resale value better than condos or townhomes. It's often easier to sell and may not have homeowners association (HOA) costs or regulations, though some are situated in neighborhoods with HOAs.

However, owning a single-family home entails sole responsibility for maintenance, repairs, and renovations. They are generally more costly due to larger square footage, but buyers are often willing to pay extra for the benefits they offer.



Condos are units within larger buildings, sharing at least one wall with a neighboring unit. They resemble apartments but involve mortgage payments instead of rent.

Condo owners enjoy more freedom to remodel and have a say in building matters, along with benefits like home equity and investment potential.

However, condo owners typically pay monthly dues to the homeowners association (HOA) for building maintenance and services. HOAs may impose restrictions on remodeling, albeit aimed at protecting owners and the property's value.



Townhouses are attached single-family homes sharing a wall with one or two neighboring units. Often multi-level, they may include outdoor space.

Townhouses offer more space and privacy than condos and can cost less than single-family homes. If part of an HOA, maintenance requirements are usually lower.

However, they may offer less space than single-family homes, and HOA fees could apply without similar amenities as condos.


Multi-Family Home

Multi-family homes comprise detached buildings with multiple units, such as duplexes or triplexes, ideal for living in one unit and renting out the others.

They suit multi-generational households but lack privacy and may involve landlord responsibilities for maintenance.



Co-ops involve owning a unit within a larger building collectively with other tenants, offering potentially lower costs and HOA fees.

However, shared ownership can complicate mortgage processes and resale, making co-ops less popular.

Regardless of your preferred house type, Homes for Heroes can help you save money when buying. Heroes working with our real estate and mortgage specialists save an average of $3,000. Register with Homes for Heroes today and let our experts guide you to your dream home while saving money along the way.