(Oh, and patio homes might have a deck or concrete slab outside so you can sit and watch the fireflies, but not necessarily, so don't let the name fool you. Got it?)
Patio home: popular options for home buyers young and old
Also referred to as carriage homes, garden homes, cluster homes, and courtyard homes, patio homes are a relatively recent addition to the housing landscape. According to Joshua Zinder, principal of Joshua Zinder Architecture + Design in Princeton, NJ, these homes came into fashion in the 1970s, as gated and shared communities sprang up around the United States.
While attached homes can be found from coast to coast, construction of patio homes has boomed in the Northeast of late, and you'll often spot them near golf courses.
"These developments usually offer relatively easy access to nearby neighborhoods and communities, but often at a more affordable price point," Zinder says. "Patio homes are in relatively high demand right now, as they tend to be popular with empty-nesters and others nearing retirement. They also often provide entry-level homes for buyers looking for access to communities where houses have become costly."
Aside from their low price point, patio homes are appealing to many people because their small footprint requires only limited maintenance. The biggest downside may be that since your home shares at least one wall with your neighbors', you've got plenty of company nearby.
Patio homes tend to be in the transitional style, incorporating both new and traditional elements. In Zinder's neck of the woods, for example, newer patio homes are popping up with brick veneers to match the "Princeton aesthetic." But in developments closer to the beach, patio homes have clapboard siding that makes them look more like older homes nearby.
What's the difference between a patio home and a condo, anyway?
There is yet another difference between patio homes and condos.
"In most cases, a patio homeowner actually owns the lot the unit sits on, as well as the building’s exterior and immediate property structures like walkways, porches, and fencing," says Greg Smith of Palisades Home Improvements in Nanuet, NY.
A condo owner, on the other hand, tends to own the interior of the housing unit, while the property, lawn, and other shared spaces are owned by the condo complex, Smith notes, adding, "It’s important for prospective buyers to understand what exactly they are purchasing.
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