Call them functional. Call them affordable. But whatever you do, don't call the floor plans in the new Terrace Series, by Concord Homes, duplexes. These are single-family homes. They look like single-family homes.
Homeowners hold fee simple title, meaning they have absolute ownership of the home and the land.
So, there are no monthly assessments, as there are with condominiums and townhomes. While the homes are built in pairs, which attach along a common wall, they differ from traditional duplexes in a number of ways, according to Mankedick. The Terrace Series provides room for two full-size cars, or one car and storage. In addition, the tandem design improves neighborhood aesthetics by minimizing the amount of garage frontage along the street. Another difference is that the common wall between the homes is a garage wall, not a residential wall.