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Homeowners will typically rent out basement apartments to tenants as a way to earn additional income so as to offset living expenses. Owning a home with a basement apartment can be an investment. Tenants will provide income to the home owner, reducing expenses, and equity will grow as the value of the property increases. [2]
Townhouses and apartments which are owned in the condominium form of ownership are often referred to as "condominiums" or "condos". Court: high-density slum housing built in the UK, 1800–1870. Two or more stories, terraced, back-to-back, around a short alley at right angles to the main street. Once common in cities like Liverpool [8] and Leeds.
A type of terraced house known latterly as the "one-floor-over-basement" was a style of terraced house particular to the Irish capital. They were built in the Victorian era for the city's lower middle class and emulated upper class townhouses. [10] Single floor over basement terraced houses were unique to Dublin in the Victorian era.
The couple compared the costs against the rental rates for apartments. “While our build cost was similar to the cost of 18 months of rent after school finished, she would have a permanent home ...
A townhouse, townhome, town house, or town home, is a type of terraced housing. A modern townhouse is often one with a small footprint on multiple floors.
In some jurisdictions, allowances are made for basement suites or mother-in-law suites without changing the description from "single-family". It does exclude, however, any short-term accommodation (hotel, motels, inns), large-scale rental accommodation (rooming or boarding houses, apartments), or condominia.