For veterans buying a home, there are a lot of components to consider: price, location, upkeep, etc. For some, the choice of house style is as simple as being “cute.” For others, it’s all about functionality.
The styling of a home is important to consider due to its potential impact on the financials, sociability and comfort of your home. And what styles have better resale values could mean a lot if you're expecting a PCS anytime soon.
So here's a rundown of some common styles and their perks and downsides:
Colonial revival houses are typically symmetrical looking homes with two to three stories. There have a sloping, triangular shaped roof with windows that jut outside the slope of the roof. Bedrooms stick to the upper levels while the bottom floor is used as common area.
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Cottage-style homes are those characteristic brick or stone homes with steep, triangular roofs. A chimney is often found in the front while the interior rooms feature low, arched doors.
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Shotgun homes can be found in the South and are quite popular in the New Orleans area. They’re characteristically narrow (no more than 12-feet wide) with rooms positioned in a straight line without any hallways. The kitchen sits in the back while the living room is in front.
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The single-story ranch home is typically a minimalistic house style with a low-pitched roof. Large windows adorn the living areas with easy access to patios and porches.
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The split-level ranch home features an entry that a person can either go up a small flight of stairs, or go down a separate flight. They contain three or more levels with the center level as the entry.
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Perhaps the most characteristic aspect of the American Bungalow is its built-in cabinets, seating and shelves. Built for efficiency, the styling contains connecting rooms, and like the shotgun, does not contain hallways. The living areas remain on the bottom of the one and a half stories.
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Buying a condominium with you VA home loan benefit is a great option. However, there are additional requirements that differ from purchasing a single-family residence or a multiunit complex.
VA loans allow Veterans to have a co-borrower or co-signer on the loan. Here we break down co-borrower requirements and provide common scenarios around co-borrowing and joint VA loans.