Home Type

Condo: Condominium. A multiunit project consisting  of individual ownership of the actual dwelling unit and undivided ownership of common areas. If you plan to be an absentee owner and do not plan to rent out your home a condo can be a good investment. Condo's have a large number of rules and can be burdensome. Condo owners pay dues (association fees) for the upkeep and maintenance of the common areas
Co-op: Cooperative. A multiunit project consisting of individual dwelling units owned by a corporation in which the individual apartment tents own stock rather than owning their respective units. This type of home may only be purchased with a personal loan or cash as there is no ownership in property involved.
Townhouse: Usually a single family home of two or more stories that is usually connected to one or more similar house(s) by a common side wall and sharing a common roof. Outside of Florida these homes may also be called row homes and in the UK be known as semi-detached homes.
Villa: Usually a single family home of one story that is usually connected to one or more similar house(s) by a common side wall and sharing a common roof. Outside of Florida these homes may also be called row homes and in the UK be known as semi-detached homes.
Single Family Home: Usually a home of one or more stories on its own lot.

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Sky Blue Real Estate 2013