Finding a decent place to live is like winning the lottery nowadays. with so many options available to choose from, and attractive pricing for that matter, finding your dream house can be quite a challenging task.

There are a number of factors to be considered, even before you start weighing the pros and cons. For starters, houses are classified according to type and category for one thing. You can choose to live in a single-family home which may be a one bedroom or a two bedroom, or you can opt for a condominium is you are planning to share the apartment with a couple of your college buds or office colleagues.

Here is a list of pros and cons you can consider to differentiate between the various types of homes.

Single family home: since they are built solely to accommodate one family, you won’t have to compromise on privacy. These homes will have their very own parking, front yard and some even backyards. But the maintenance for this property will be a lot more compared to other residential lots. But this type of a home will give you the freedom to express your won’t living style, without having to compromised on the things which you like.

Condos: Condos can be found in densely populated areas, and generally consist of a number of ingle unit flats in a building or community or homeowner’s association, where the rent is to be paid on a monthly basis. However, condos being a part of the association, the resident has nothing to worry about in terms of maintenance and upkeep. The downside however is the shared accommodation, even if there are walls separating the occupants.

Townhouse: The townhouse is a cross combination between a condo and a single family home, thus featuring both pros and cons. On one hand a townhouse will offer more privacy compared to condos, but they don’t usually feature the shared amenities that condominiums do. In case of a town house, there will be joint maintenance agreements to share upkeep costs and are more affordable than single family homes.

When it comes to weighing in our options to decide on a place to live, you have to take into account one main factor that is how much are you willing to compromise on comfort and privacy so as to afford that place near your work, or are you willing to commute from the suburbs where you will have all the privacy you will ever need. Deciding on this will enable you to then narrow down options according to your budget to look for residential homes available on rent from the owner.