Patio home
Encyclopedia
A patio home is an American term for a type of housing, also called a cluster home. The term tends to imply a suburban setting and a unit of several houses attached to each other, typically with shared walls between units, and with exterior maintenance and landscaping provided through an association fee. Not all of these elements are present in all buildings called patio homes, as the term is used somewhat generically by the real estate industry.
The building may actually be a condo
when the building's owner does not own the land, or it may be sold in fee simple
. Targeted buyers are primarily those who do not want to be bothered by external maintenance typically associated with home ownership, sometimes because they only live in the patio home for part of the year.
There is not usually a legal definition of a patio home, and some houses called patio homes may alternatively be marketed as townhouse
s, garden homes, twin homes, or carriage homes. Most taxing jurisdictions do not have a separate classification for patio homes.
The term was first seen in print in the mid-1970s. In a more generic sense it may refer to a home with a prominent patio, such as some traditional Mediterranean-style homes.
The building may actually be a condo
Condominium
A condominium, or condo, is the form of housing tenure and other real property where a specified part of a piece of real estate is individually owned while use of and access to common facilities in the piece such as hallways, heating system, elevators, exterior areas is executed under legal rights...
when the building's owner does not own the land, or it may be sold in fee simple
Fee simple
In English law, a fee simple is an estate in land, a form of freehold ownership. It is the most common way that real estate is owned in common law countries, and is ordinarily the most complete ownership interest that can be had in real property short of allodial title, which is often reserved...
. Targeted buyers are primarily those who do not want to be bothered by external maintenance typically associated with home ownership, sometimes because they only live in the patio home for part of the year.
There is not usually a legal definition of a patio home, and some houses called patio homes may alternatively be marketed as townhouse
Townhouse
A townhouse is the term historically used in the United Kingdom, Ireland and in many other countries to describe a residence of a peer or member of the aristocracy in the capital or major city. Most such figures owned one or more country houses in which they lived for much of the year...
s, garden homes, twin homes, or carriage homes. Most taxing jurisdictions do not have a separate classification for patio homes.
The term was first seen in print in the mid-1970s. In a more generic sense it may refer to a home with a prominent patio, such as some traditional Mediterranean-style homes.