starter home


Also found in: Dictionary, Wikipedia.

starter home

A home that is smaller than the typical homes in an area, and thus less expensive and easier for first-time home buyers to acquire.

References in periodicals archive ?
The funding will help 27 sites across the country prepare for the first Starter Homes to be built.
The Bill also includes a provision for secondary legislation to require a proportion of starter homes on residential developments above a certain size (to be determined).
If house prices had increased at the same rate as incomes, instead of having a price tag of PS198,039, the average starter home would cost PS121,166, Shelter found.
All in all, it's a great starter home and outstanding value for money.
Awards praised the Netherley site's design, saying: "Mill Brook is a deceptively modest starter home development - with simple, well-proportioned, predominately brick elevations and a conventional layout.
You can't have the big yard, the top-line updates and all that in a starter home.
We want customers to know that they don't have to let their existing starter home or condo keep them from the lifestyle they deserve.
As the price of their starter home increases, they enjoy capital gains; in the previous example, the capital gains would equal $200 - $100 = $100.
Flat types range from studios, as the emphasis is on the starter home market, to two-bedroom family units.
Or perhaps a two-bedroom Granada Hills starter home with less than 1,000 square feet?
The new starter home scheme will benefit nurses, teachers, police officers and fire workers.
Further, of the 11 million young renter households - defined as households headed by individuals aged 25 to 34 - only 12 percent had both adequate savings to make the necessary down payment on a typical starter home and the income to meet mortgage payments.