Title: Explore the characteristics of different types of property.
Course: Real Estate (12154) > Section: Examining Home Ownership

Explanation should include definitions of and differences among

- single family
- apartment building
- planned unit development (PUD)
- cooperative
- duplex
- high rise (mixed-used developments MUDs)
- condominium
- townhomes
- manufactured homes
- modular homes
- retirement communities
- converted-use properties
- timeshares.

DPOR correlation: 18VAC135-20-400. 1 (Economy and social impact of real estate); 18VAC135-20-400. 2 (Real estate market and analysis); 18VAC135-20-400. 10 (Home ownership)

Process/Skill Questions:

- How have the types of housing changed over time?
- Why do people choose to buy rather than rent? Explain.
- How does housing affordability impact the real estate consumer?
- What is the difference between single family and multifamily housing?
- What is an HOA and how do homeowners benefit by purchasing a home with an HOA?
- What are different methods of title ownership a homeowner can hold?