According 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.
A 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.