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Real
Estate Information for Buyers
Types of Homes
A
snapshot of types in homes in Hudson County:
- Single-family: One
home per lot—you own and are responsible
for
everything on the lot.
- Multi-Family
Homes: Buildings
with up to four units, with the buyer
intending
to occupy one of them and renting the other
available units.
- Condominiums: Similar
to a single-family home, with condos you own
the edifice itself, the inside of the property
and some of the common elements like staircases,
sidewalks and your roof. You’ll pay a
homeowner's
association to administer and take care of the
exterior of
the development.
- Co-ops: Here,
you purchase shares in a corporation that owns
a building, and you receive a lease to your own
apartment. A board of directors supervises management.
Monthly charges include your share of an
overall
mortgage on the building.
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