Residential actual property owned and occupied by a person or household serves as a major residence. This could possibly be a home, a condominium, or perhaps a cell house on owned land. For instance, a household buying a townhouse to reside in is buying this sort of asset.
Proprietor-occupied residences play a major position in private finance and societal stability. They provide a way of safety and belonging, construct long-term wealth by fairness accumulation, and contribute to native communities. Traditionally, homeownership has been related to monetary stability and upward mobility. It typically represents the biggest single funding for people and households.
