Real Estate Glossary

What is Starter Home?

A starter home is a type of affordable housing that is intended for first-time homebuyers or people with limited budgets. These homes are often smaller and less expensive than larger, more luxurious homes, and are typically located in entry-level neighborhoods. They are designed to be more affordable, and often have a smaller living space and a more simple design. Starter homes are a good option for people who are looking to buy their first home, but who may not be able to afford a larger or more expensive home.