The housing market has seen a drastic change over the years. Previously we used to have three types of housing: domestic (which can also be termed residential), institutional, and industrial. But today we have four types of housing: single-family homes, town homes, condominiums, and apartments. These categories are further split into two: owner-occupied units and non-owner-occupied units. There are various kinds of housing available depending upon the needs of the people and their preferences.
One of the more popular types of housing is that of apartments. Smaller apartments or boarding schools are just some of the options available for tenants. Generally, apartments are for rent only and do not provide any facilities. A landlord would only need to ensure the safety of his tenants and the premises, in terms of the cleanliness and security of the building, as well as any other services needed by the tenants. Normally, the market rate housing for rent is considerably higher than the market rate apartments because of the greater responsibility that landlords shoulder, such as ensuring the safety of their tenants and ensuring that the building is kept up to its standards.
Some other popular forms of housing are single-family residences (sometimes called “fixed price listings” by realtors), which generally come with one to three rooms, a garage, and additional amenities such as a swimming pool, a spa, a gym, a parking area, and sometimes an entertainment room or lounge. Condominiums are also a popular type of housing and there are some developments in this category that come fully furnished. They usually contain facilities such as a kitchen, a dining area, a parking space, a hall of storage, and a roof. Apartment buildings are either stick-built (which is cheap to construct), modular, or pre-fabricated. The former comes in built-up apartments, which come pre-assembled, while the latter are modular buildings that require the same construction methods used in stick-built buildings.