owner-occupancy
Sign in to saveAlso known as homeownership, home-ownership
Owner-occupancy or home-ownership is a form of housing tenure in which a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. The home can be a house, such as a single-family house, an apartment, condominium, or a housing cooperative. In addition to providing housing, owner-occupancy also functions as a real estate investment. thumb|Housing can vary widely in occupant ownership status and public investment.
~10 min read
Article
8 sectionsContents
- Acquisition
- Pros and cons
- Political influence
- International statistics
- See also
- References
- Further reading
- External links
Owner-occupancy or home-ownership is a form of housing tenure in which a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. The home can be a house, such as a single-family house, an apartment, condominium, or a housing cooperative. In addition to providing housing, owner-occupancy also functions as a real estate investment. thumb|Housing can vary widely in occupant ownership status and public investment.
== Acquisition == Some homes are constructed by the owners with the intent to occupy. Many are inherited. A large number are purchased as new homes from a real estate developer or as an existing home from a previous landlord or owner-occupier.