Question by xenosaga_ps2: What is “Percent Owner Occupied” in Real estate home listings for townhouse and Condos?
What is “Percent Owner Occupied” in Real estate home listings for townhouse and Condos? I’ve seen 89%, and 25%? Does this mean? You can only live 89% of the space out of the unit?
Answer by Steve D
It means that of all the units (condos or townhomes), that percent is actually occupied by the owner and not rented out. The thought is that communities with higher percentages of owner-occupied houses are in better upkeep than communities with lower percentages as renters don’t care as much about the homes (since they don’t own them). thus, an 89% owner-occupied community is supposedly more desirable than a 50% owner-occupied community.
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