Styles of Homes and Types of Ownership
Detached house
Categorically, the most expensive homes—and typically most desired—detached homes offer privacy, space, and renovation flexibility. The separation from your neighbours can allow for quieter living, a great sense of ownership, and makes home renovations easier (since you don’t share a wall with a neighbour!).There are plenty of detached homes in Prince George and I can help you find the home for you! Contact me.
Semi-detached house
This means that the home shares one “party wall” with a neighbour; they’re very popular in high-density building areas where land is scarce and valuable. An example would be a duplex.
Townhouses
Townhouses are many homes attached in a row. They have historically been, and continue to be, popular in high-density areas and allow for large living spaces with relatively small land allotments. You are starting to see more of these in Prince George especially in downtown.
Multi-unit
Duplexes, triplexes, and similar multi-unit homes are owned as investment properties. You can purchase the entire building, then rent out the units. It’s also common for a buyer to purchase a multi-unit and live in one portion and rent out the remainder to tenants. If you are looking to get in on an investment property check out my other site.
Condos and apartments
Just like houses, no two units are the same, even suites with the exact same layout and finish will have a different view. There are small bachelor condos, industrial converted lofts, palatial penthouse suites—you name it.
Types of homeownership
Freehold ownership
In the case of detached homes, semi-detached homes, and most townhouses, you purchase a plot of land and the building that sits on it. This gives you the greatest freedom but also means you are shovelling the Prince George winters!
Condominium ownership
In a condo building, you own a specific part of the building. This is exclusive to your own unit, as well as shared ownership of any common areas, which include amenities, hallways, etc. Often this means that the Strata takes care of things like snow shovelling.
Co-op ownership
Instead of owning an exact portion of the building, in a co-op you own a percentage of the entire building based on your purchase in the building—and have the exclusive use of your specific unit.
