What is a Patio Home? Ironically, a House Without a Patio
Abstract
On the surface, patio homes look more like a condo, row home, or townhouse, but they're not quite any of those home styles either. What is a patio home? Patio homes, sometimes called "Garden homes," "Courtyard homes," or "Cluster homes," are attached single-story or one-and-a-half-story houses. Patio home layout Patio homes typically have an open concept living space, which can be a popular layout for certain buyers. Cons of a patio homes Additional expenses: Patio home communities, much like condo communities, have an HOA, meaning you'll likely have to pay HOA fees on a regular basis. Smaller home: If you're looking for a large backyard and spacious home, that's not the case with a patio home. Buying a patio home There's not that much of a difference between buying a patio home or a single-family home, condo, or townhouse - especially when it comes to getting a mortgage. Home insurance typically covers your home, but when you share walls with your neighbors, what happens if your neighbor causes damage to your home? In some cases, your HOA fees may include a bit of home insurance coverage.