What is a village house? At its most basic level, a village house is a multi-storey house that shares at least one floor-to-roof wall with a neighboring house. But it can describe some types of connected single family homes, so we need to analyze it a little further.
Although it is a derby, the village houses have their own interior and are individually owned. In a multi-family adjoining house as a duplex, more than one unit has a common entrance, basement or other space. While development with multiple groups of village houses may seem like an apartment complex, village house owners own the land where their village houses live, and are often responsible to the owners of outdoor apartments only for the interiors of their units.
Řadovka is a kind of village house in which the individual houses – as the name suggests – are built behind each other. They can be the same building material as the architectural style and almost always the same roof line.
In expensive cities, rows are often divided into rented apartments. But even if it is a single household, usually all parts of their owners are walls. In contrast, village houses in suburban areas can be similar to spacious housing with private streets and shared areas such as swimming pools and playgrounds. These village house projects are also usually carried out as apartment complexes, with the owners of the village houses paying monthly fees to the homeowners’ association.
Advantages and disadvantages of buying a village house
Evaluating the benefits of owning a village house over buying a detached house as an apartment can help you decide if the village house is right for you.
Here are some things to consider:
Townhouses closer to urban centers or commuter-friendly suburbs may be cheaper than single-family homes in such areas.
HOA fees are likely to be lower than for apartments, as homeowners have more individual responsibility for areas outside and outside the building. You can have an outdoor area, which is especially nice if you are a gardener or dog owner.
It is often easier to get a mortgage on a village house than on an apartment.
If you are in a village home community with a HOA, you must follow the rules.
The common walls give you a little more privacy than you can in a family house.
Having more freedom than in the apartment also means more responsibility for maintenance. If accessibility is an issue, keep in mind that because village houses maximize vertical space, living on one floor may not be an option.
If you decide that a country house is right for you, consider the specific village house enhancements you expect to buy. Compare locations, facilities, HOA fees and community rules.
A reputable real estate agent who has experience working with buyers of apartments and village houses can be a great asset to help you keep track of these details.
Get a village loan for housing
Buying a village house is the same as buying a house. Owning land under a village house, not only in a unit, allows all creditors of different village houses to be treated in the same way as family houses.
This is a big difference from buying an apartment that involves a higher level of screening; For example, the lender often wants to control the finances of the complex, not just the buyer.
If you are planning to buy a village house with a HOA fee, be sure to include a monthly item in your budget if you know how much your house will cost.
But in general, when you buy a village house, you go through the same steps as someone who buys a family house: collection and repayment, lender comparison, pre-approval, and (finally!) Buying for your new house.