One of the factors that you have to take into account whenever you plan on buying and investing on a real estate property is its type. You need to decide first, on whether you want to look for a commercial establishment where you can start a business or a residential real estate property for your family. If you want to invest in a residential property, then below are information about the most common types of buildings and property for a residential type.

The single-family residences are one of the most common residence properties that home investors look for. This one is perfect for an ordinary family with two or more growing kids. This is the most affordable residential property, being the standard type of property for families. It is a single dwelling real estate and it has land separation on every side of the house. No walls and common areas are shared with other houses neighboring the real estate.

The next common type of residential property is a condominium. The investor can buy and own one of the dwelling units of the condominium building. Condo properties have common areas shared by all the unit owners. The swimming pool, spa, a court for tennis game are just some of the facilities comprising the common area. Residents have to pay for the association fee so that there will be regular maintenance for the facilities. Usually, condominium units are much expensive to finance. There are lending companies and banks that gave higher interest rate for condominiums if you choose to apply for a financial aid.

Townhouse is normally a two-floor residential building that shares a sidewall with a property almost identical to it. Just like condominiums, the dwellers of the properties share a common area. It can be a swimming pool, a spa or a simple tennis court. One reason why townhouse is different from a condominium is that there is no other housing unit found above and below the townhouse. Townhouses also have outdoor space, usually at the back and in front of the property.

Another in-demand residential type of house is the second home, popular also as vacation homes. They are referred to as second homes because usually, this is just an additional investment for an owner of a primary residential house. Homebuyers use this property during a vacation for holiday or summer season. It is the reason why investors often look for second homes located near a beach resort, ski resort and other recreation sites. This property can be a condominium, a single-family residence or a townhouse. Some owners of vacation homes are renting out their place for additional income to other vacationers when they are not staying in the place.

If you are in the lookout for different designs and types of residential buildings and properties, one of the best places to go to is Rancho Santa Fe real estate properties in the state of California. The place has several homes for sale that have great architectural styles and features. For sure, you will find in Rancho Santa Fe that simple yet very beautiful house you have been dreaming about ever since.