Owner-occupancy or home-ownership is a form of housing tenure where a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which he/she lives. This home can be house, apartment, condominium, or a housing cooperative. In addition to providing housing, owner-occupancy also functions as a real estate investment
Some homes are constructed by the owners with the intent to occupy, some are inherited, others are purchased as new construction, and still others may be acquired from a previous landlord or owner-occupier (Wikipedia). A house is usually the most expensive single purchase an individual or family makes, and often costs several times the annual household income. Trust a company whohas the experience to see you to a successful transaction. Call Danette ONeal Realtors 504.365.7325 New Orleans, 770.981.1999 Atlanta.