There are numerous factors to consider in choosing a residential property, whether you intend to live in them or to purchase them as an investment. These, of course, include your budget, preferred location, and property size.
Aside from these, it is also necessary to understand the different types of properties that are available to help you in your decision. Are you working on a tight budget? Then you may have to consider renting a flat. Are you looking for a home for an elderly person? Then it could be best to recommend a bungalow.
In the UK, there are many terminologies being used to categorize housing types, but I’ve narrowed down the list to five. Read on to learn what they are!
1. Flats and Apartments
Flats are the most affordable type of housing in the UK and are the usual choice of individuals living on their own, couples, and small families.
A flat is a rented residence, typically a single-floor unit situated within a building complex. It can have different rooms just like a normal house.
An apartment, on the other hand, is usually thought to simply be the American term for a flat. However, there is actually a difference between the two. While a flat is a single-storey unit, an apartment can have multiple floors.
2. Terraced Homes
Terraced Homes are residences that are built in rows sharing one or two wall sections with the adjacent properties. In this residence type, each house has its own front door, therefore, providing more privacy than a flat.
Usually, terraced homes wear a similar design since they are built altogether as a single building project although each house is intended to be owned and occupied separately.
3. Semi-Detached Homes or Duplexes
A semi-detached home is a residential building that shares one wall section with another home. The two units are constructed as a single building project but are intended to be occupied separately. In most cases, the two homes are identical in design and so they are also referred to as Duplex homes.
4. Detached Homes
As the name suggests, a detached home is a residential property that does not share any wall with another property. This residence affords a yard surrounding the actual house which can be used as a garden or a lawn.
A Bungalow is sometimes referred to as a different category, but it is technically a type of detached home that is single storey.
Detached homes are the most desirable type of residence for many people in the UK, but understandably, they are also the most expensive. They are more common in countryside locations where land is less scarce, but they are considered a luxury in cities and more developed areas.
5. Mansions
Speaking of luxury, the last residence type in our list is the very embodiment of luxurious living. Mansions are an exception to the rule because, unlike the other types that are classified based on technical features, these homes are labeled as mansions for their sheer grandeur.
These properties contain numerous rooms, courtyards, and vast gardens, and are prized for their historic value.
Before you go…
I hope this blog was helpful to you, but if you want to learn more about property investments, click to get a copy of my free guide.
