Patio Homes are more popular than any other home style in today’s hot real estate market. Baby boomers and home owners who want to downsize and live maintenance free are lining up for patio homes in the most popular new communities developed in Central Ohio.
What is a Patio Home?
The Patio Home evolved as the home of choice for buyers who want to own a luxurious residence on their own piece of (tiny) land, but enjoy the benefits of an association that takes care of all maintenance and yard work.
Patio Homes are also referred to as “Villas” and “Zero-Lot-Line Homes”.
How Are Patio Homes Different Than Condos?
The main difference between a condominium and a patio home lies in the ownership of the land. A patio home is built on a lot that belongs to the home owner. Condos on the other hand are built on land that’s jointly owned by all condo owners in a development. There’s one parcel of land for the whole condo development.
Both condos and patio homes assess an association fee that pays for landscaping, snow removal and other common expenses for the community.
3 Benefits of Patio Homes
Patio Homes are popular with baby boomers who want to “downsize” for these reasons:
- Maintenance Free Living Because the association takes care of maintenance and yard work, patio homes are ideal for busy professionals and people who like to travel.
- Community If you like to be close to your neighbors and enjoy a walkable community, patio homes may be a perfect fit for you.
- First Floor Living All important rooms and amenities of Patio Homes are on the first floor – including the owner’s suite. They are ideal for people who don’t want to climb stairs. As the name indicates, this style of home offers a walk-out patio.
Where Can You Find Patio Homes?
Patio Homes are nestled into many new developments in Dublin, Powell, and most other Columbus suburbs. As they require less space (smaller parcels) than regular homes they are usually close to the club house or common areas of the development.
Most builders have patio homes in their inventory. In some of the popular developments, such as Jerome Village, Ballantrae and Riviera you can build a 2,000 sqft patio home for around $400K.
Find out which community and builder is right for you.
Call me at (614) 975-9650 before you visit a model home or talk to a builder’s rep. I can guide you through the process, help you decide where to build and which features to select for maximum resale value.
