- Quote: "An apartment (American English), flat (British English, Indian English, South African English), or unit (Australian English)..."
A building designed to accommodate multiple families or tenants, such as apartment complexes, duplexes, triplexes or quadruplexes.
Real Estate Investment: Understanding the basics of real estate investment, including market analysis, market trends, real estate cycles and the role of leverage in property investment.
Property Management: Learn the essential skills and principles for effective property management, including tenant screening, leasing, rent collections, maintenance and repairs, and property accounting.
Market Analysis: Understanding the basics of market analysis and how to evaluate multi-family properties, including market data, trends, and property comparables.
Financing: Understand financing options for multi-family housing, including conventional, FHA, VA, private loan, hard money, and commercial loans.
Legal considerations: Learn essential legal concepts for multi-family home ownership and management, including landlord-tenant law, property zoning, property taxation and liability.
Construction and renovation: Understanding construction and renovation techniques for multi-family properties, including structural, electrical, and plumbing changes/upgrades, adding amenities, and improving curb appeal.
Environment and sustainability: Understanding environmental factors like soil, water, air pollution, and noise while dealing with multi-family properties, are essential in terms of maintaining an optimal living experience for tenants and the environment.
Property Marketing: Understanding how to market multi-family properties effectively to maximize return on investment, including online listings, social media marketing, and staging techniques.
ROI (Return on Investment): Estimating the Return On Investment for Multi-family Housing is critical. In simple terms, ROI is a way to determine if investment in multi-family housing is likely to produce a profit or result in a loss, and hence, help to decide whether or not to invest in it.
Duplex: A two-unit building divided into separate living spaces, each with its own entrance.
Triplex: A three-unit building with separate living spaces and entrances.
Fourplex: A four-unit building with separate living spaces and entrances.
Townhouse: A row of houses that share walls and may have multiple floors.
Apartment Building: A multi-unit building that is typically taller and has multiple floors.
Co-Op: A multi-unit apartment building that is owned by a corporation, and residents own shares in the corporation instead of owning their individual units.
Condominium: A multi-unit apartment building where residents own their individual units and have shared ownership of common areas.
Garden Apartment: A low-rise apartment building with units that have direct access to outdoor spaces, such as courtyards or gardens.
Mid-Rise Apartment: A multi-unit apartment building that is taller than a low-rise but shorter than a high-rise.
High-Rise Apartment: A multi-unit building that is taller than a mid-rise, typically with more than ten stories.
Mixed-Use Development: A building that contains both residential and commercial spaces.
Live/Work Space: A multi-unit building that allows residents to have a designated area to both live and work in.
Senior/Retirement Community: A multi-unit building designed for older adults with shared common spaces and amenities.
Student Housing: A multi-unit building designed specifically for college students, often located near a university or college campus.
Affordable Housing: A multi-unit building that offers below-market-rate rents or ownership costs to low-income residents.
Hostel: A multi-unit building that provides temporary accommodations for travelers in shared or private rooms.
Shared Housing: A multi-unit building where individuals share living spaces and common areas with others, like co-living or house-sharing.
Retirement Home: A multi-unit building designed specifically for retired individuals with shared common spaces and amenities.
Micro-Apartment: A small unit within a multi-unit building, typically less than 400 square feet.
Multi-Generational Home: A multi-unit building that allows for extended family members to live together in separate units.
- Quote: "An apartment... is a self-contained housing unit... that occupies part of a building, generally on a single storey."
- Quote: "There are many names for these overall buildings..."
- Quote: "The housing tenure of apartments also varies considerably, from large-scale public housing, to owner occupancy..."
- Quote: "...what is legally a condominium (strata title or commonhold)..."
- Quote: "...tenants renting from a private landlord (see leasehold estate)."
- Quote: "An apartment... is a self-contained housing unit..."
- Quote: "...that occupies part of a building..."
- Quote: "...generally on a single storey."
- Quote: "from large-scale public housing, to owner occupancy..."
- Quote: "flat (British English, Indian English, South African English)"
- Quote: "unit (Australian English)"
- Quote: "from large-scale public housing..."
- Quote: "tenants renting from a private landlord (see leasehold estate)."
- Quote: "what is legally a condominium (strata title or commonhold)"
- Quote: "that occupies part of a building"
- Quote: "...from large-scale public housing, to owner occupancy..."
- Quote: "...from large-scale public housing, to owner occupancy within what is legally a condominium..."
- The paragraph does not directly state the purpose.
- Quote: "a type of residential real estate"