![]() If the villa is part of a duplex, it must be a condominium, right? ![]() Now for the tricky part, a villa can be fee-simple, meaning you own the lot as well as the improvements (the villa) or it can be a condominium, meaning you own your "unit" as well as a percentage of the common elements such as common ground, recreational areas, etc. Apartment style condominiums in multi-story buildings are condominiums, so that's pretty simple too. Most detached single-family homes are fee-simple, meaning the owner owns the land itself, as well as all improvements (like the house) on the land. In Missouri, most residential property ownership is either "fee-simple" or "condominium". Having said that, it's relatively simple, kind of. Ok, this is the tricky part and my answer is going to sound very self-serving, but you really need to have a buyers agent represent you that has a good understanding of villas. If villas are not all condominiums then what are they and how can I tell the difference? Hardly that single level, modest sized, "built for 2", low-maintenance villa lifestyle everyone is looking for.ha ha. The origin of the term "Villa" dates back to Roman times when "Villa" referred a large country estate owned by a wealthy person. The ironic thing is a true "villa" is almost the exact opposite of what villa buyers are looking for. Request More info Or Ask A Question See ALL The St Louis Area Villas For Sale! Talk to a Buyer's Agent that KNOWS Villas! However, I do think it's important for buyers to understand the different types of ownership villas may have as well as have an understanding of what to look for in terms of what the villa association actually takes care of or maintains. Granted, it's not that important that home buyers know what a villa is, as what they care about is that whatever housing they are looking at will meet their needs. When I talk with people that say they are interested in a villa and ask them what they are looking for in a "villa" what I find is that most will describe a lifestyle more than a particular architectural style of home or type of ownership. Most think villas are one-story with no exterior maintenance for the villa owner to worry about as the association takes care of everything and, while that may be true in some cases, that is not true in most. Many buyers, and even real estate agents, assume all villas are condominiums, which is not so. The interesting thing is, even though the demand for villas has skyrocketed, many buyers, and even real estate agents, have difficulty defining what a "villa" is. These issues, along with a desire for a lifestyle change, have led to a growing demand for alternative types of housing including condominiums and villas with the latter being the most popular. ![]() In addition, many of them, also find themselves tired of the upkeep that comes with the big house on the large lot. Request More info Or Ask A Question See ALL The St Louis Area Villas For Sale! Talk to a Buyer's Agent that KNOWS Villas! St Louis Villas For Sale & Things Villa Buyers Must KnowĪn ever-increasing number of aging baby boomers are becoming empty nesters and coming to the realization they no longer need that 3, 4 or even 5-bedroom home they own.
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