House & Starter home - Unionpedia, the concept map

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Difference between House and Starter home

House vs. Starter home

A house is a single-unit residential building. A starter home or starter house is a house that is usually the first which a person or family can afford to purchase, often using a combination of savings and mortgage financing.

Affordable housing

Affordable housing is housing which is deemed affordable to those with a household income at or below the median as rated by the national government or a local government by a recognized housing affordability index.

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Land lot

In real estate, a Land lot or plot of land is a tract or parcel of land owned or meant to be owned by some owner(s).

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Owner-occupancy

Owner-occupancy or home-ownership is a form of housing tenure in which a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live.

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Real estate

Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.

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Terraced house

A terrace, terraced house (UK), or townhouse (US) is a kind of medium-density housing that first started in 16th century Europe with a row of joined houses sharing side walls.

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