What Is Considered a Multi Family Home?

In the bustling cities of New York and North New Jersey, the concept of multi family homes is not just a trend; it’s a living tradition. But when we mention multi family homes, what exactly are we talking about? Let’s dive into what is considered a multi family home.

Understanding Multi Family Homes

A multi family home is essentially a single building designed to house multiple families in separate units. These are not like single-family homes where one unit houses one family. Instead, several units, each with its distinct entrances, amenities, and living spaces, exist under one roof or within a compound.

The Different Types of Multi Family Homes

Within the broad category of multi family homes, there are several types:

• Duplexes: These are buildings divided into two separate units, either side-by-side or stacked on top of each other.
• Triplexes and Quadplexes: As the name suggests, these consist of three and four separate living units, respectively.
• Townhouses: While each townhouse may appear as a separate entity, they share walls. A series of townhouses can exist in a single block, each owned by different individuals.
• Apartment Buildings: These are large structures with numerous individual units. They can range from small buildings with just a few units to massive high-rises with hundreds of apartments.

Why the Surge in Popularity?

In areas like New York City and North New Jersey, space is at a premium. Multi family homes offer a practical solution to the ever-growing demand for housing. They are not only efficient in terms of land use but also often provide a more affordable living solution for residents. As a bonus, owning a multi family home can be a profitable venture. With multiple tenants, property owners can ensure a steady stream of rental income. 

At Shriki Construction, we’ve observed firsthand the rising demand for these properties, both from potential homeowners and investors. Our projects frequently cater to this demand, ensuring quality construction for multifamily residences.

Legal and Zoning Considerations

It’s essential to understand that multi family homes often fall under different zoning laws than single-family residences. For potential buyers or investors, it’s crucial to familiarize oneself with these local regulations. In cities like NYC, zoning laws can be particularly strict, dictating everything from the height of the building to the number of units it can contain.

Is a Multi Family Home Right for You?

Deciding to invest in or live in a multi family home depends on various factors. For investors, it’s about the potential for rental income. For homeowners, it might be about affordability or the desire to live close to family members in a separate but connected space. Whatever your reason might be, always ensure you are well-informed and make decisions based on thorough research.

Conclusion

Multi-family homes are more than just a trend in urban regions; they are a reflection of the evolving housing needs of modern society. Whether you’re an investor or a homebuyer, understanding what is considered a multi family home can help you make informed decisions in the real estate market.

Ready to Explore Multi Family Home Options?

To gain deeper insights into multi family homes or explore potential opportunities, feel free to contact us at Shriki Construction. With our vast experience in the industry, we’re here to guide you every step of the way.