What Exactly Is a Starter Home? (2)

Starter for new home 2According to 2003 NAR Profile of Residence Customers and Sellers, first-time prospective buyers ended up less probably to obtain a detached single-family residence than have been repeat potential buyers. As an alternative, they a lot more commonly acquired lower-cost, ‘‘starter homes’’ this kind of as townhouses, row houses, or condos.

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What Exactly Is a Starter Home?

Starter for new homeA starter household can be a smaller, cheap house suitable for first-time residence prospective buyers. The home may possibly be in move-in condition, or it may have to have some tender loving care to help make it livable. Either way, these are typically single-family households which might be viewed as very good starting factors for people or individuals getting their initially residence.

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