You probably know about the common home types you can buy, such as single-family houses, duplexes, and townhouses. Have you heard of twin homes, though? Twin homes are different than other home structures, and after you learn what they are, you might decide that this is the right option for you. Here are some of the details you should know about twin homes as you begin searching for real estate to buy.
Twin Homes Look Like Duplexes
If you have never heard of twin homes, you can ask your real estate agent about them. Your agent might describe twin homes as houses that look like duplexes. A twin home is a set of two houses that are connected. Each house looks almost identical. In most cases, the houses are identical. They have the same shape, size, and materials, but they are separate houses. They share one common wall, which runs down the middle of the homes.
They Have Different Ownership Rights
One of the key differences between twin homes and other multi-family home structures is the ownership rights. While the two houses share one wall, when you purchase one twin house, you own the entire thing. You own the land that your house is on and the entire house. The property line runs directly down the center of the house through the shared wall. So when you buy the house on the left, you own the entire left side. You don't have to own the entire structure.
The Pros and Cons of Twin Homes
Before buying a twin house, you might want to learn more about the pros and cons. The first benefit of owning a twin house is that you own the entire thing. A twin house is considered a single-family house, which means you will not have a homeowner's association to pay or to set rules for you to follow.
The downside to a twin home is that you might have less privacy, primarily because you have a house attached to yours. There are additional pros and cons to consider before buying one, and you can ask your agent about these things.
Twin homes are a newer type of housing structure you can purchase, and they might not be available in all cities. You can talk to a local real estate agent to learn more about them and to find out if there are any in your area.