Property

Management System
Chapter J – RESIDENTIAL
PROPERTY

Types of Residential Properties

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 What is Residential Property?
Residential property is any building or unit zoned and
purposed as living space. It’s one of two general
categories of real estate, the other being commercial
property.

Residential property is usually owner-occupied, but not

necessarily. By real estate industry convention, any
properties with fewer than five units — none of which
are for commercial use — are classified as residential.
Larger properties and those with mixed residential and
commercial use, then, qualify as commercial.
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Source: https://www.sharestates.com/glossary/residential-property/
 What is Residential Rental Property?
Residential rental property refers to homes that are
purchased by an investor and inhabited by tenants
on a lease or other type of rental agreement.
Residential property is property zoned specifically
for living or dwelling for individuals or households;
it may include standalone single-family dwellings to
large, multi-unit apartment buildings

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Source: https://www.investopedia.com/terms/r/residentialrentalproperty.asp
DIFFERENT TYPES OF RESIDENTIAL
DEVELOPMENT
 Single-attached Homes
 Single-detached Homes
 Apartments
 Townhouses
 Duplexes
 Mobile Homes
 Condominiums
 Hotels

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 Single-attached Homes. Means that one
side of the house is built on the boundary of the
lot. You share the border with a neighbor so a
wall is built between the two properties. This
type of residential property is typically more
affordable than single-detached homes.

Single-detached Homes. It is unattached to

the neighboring house so there is space on all
sides of the structure. This gives homeowners
more privacy, especially if the lot is spacious. If
you have kids and pets, they will like the
outdoor space.
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Source: https://propertysourceph.com/blog/types-residential-buildings-philippines/
 Apartments. Apartment building is typically
owned by one person who rents it out to tenants. The
building has multiple units which share walls.
Depending on the terms of your landlord, maintenance
and upkeep can be included in the rent or you will be
responsible for it in its entirety. Compared to a
monthly mortgage, rent is usually cheaper.

Townhouses. Townhouses are built in a

multi-housing complex so units are attached to
each other. These are typically designed with
multiple floors and a parking garage.
Townhouses are also often built-in gated
communities to increase your security 24/7.
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Source: https://propertysourceph.com/blog/types-residential-buildings-philippines/
 Duplexes. A duplex is a multi-family home that
has two units in one building — regardless of how
those homes are arranged. Units can be side-by-side or
stacked on top of each other. Duplex buildings also
have two separate entrances for each unit. This means
each tenant has their own entrance. These two separate
units are typically similar in size.

Mobile Homes. Is a type of building that

people live in, usually staying in one place, but
able to be moved using a vehicle or sometimes
its own engine

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Source: https://www.apartmentguide.com/blog/what-is-a-duplex/ and https://dictionary.cambridge.org/us/dictionary/english/mobile-home
 Condominiums. Condominiums are residential
properties within a multi-story building. Typically, you
share one or two of your walls with other units.
Condominium buildings are typically located in high-
density areas in the city, so they’re a great option if you
want to live near restaurants, malls, and offices. In the
Philippines, condominiums are divided into three types
—low-rise, mid-rise, and high-rise.

Hotels. Hotels is an establishment whose

primary business is to provide lodging facilities
to a genuine traveler along with food, beverage,
and sometimes recreational facilities too on the
chargeable basis, provides paid accommodation,
generally for a short duration of stay.
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Source: https://propertysourceph.com/blog/types-residential-buildings-philippines/ and https://tourismnotes.com/hotels/
 Other Alternative and Services. Housing alternatives ranges from fully
furnished units, where everything is supplied for the tenant, to unfurnished
apartments equipped only with floors and walls, with the standard unit lying
somewhere in between. Large multifamily complexes are referred to as
communities. The larger the community, the more likely it offers recreational
facilities such as swimming pools, tennis courts, patios, exercise rooms
(gym) and recreational rooms.

In any type of residential rental housing, the kind and number of facilities
provided has a direct effect on the property manager’s workload; swimming
pools, laundry rooms, and parking areas increase the maintenance activities
for the premises. These facilities and services affect the overall desirability
and influence the rental structure of any type of residential rental complex,
commanding more in rents to offset the extra maintenance activities
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Source: https://cesource.com/courses/Property_Management_9e.pdf