Zero-Lot-Line House


DEFINITION of 'Zero-Lot-Line House '

A piece of residential real estate in which the structure comes up to or very near to the edge of the property line. Zero-lot-line house are built very close to the property line in order to create more usable space. Rowhouses, garden homes, patio homes and townhomes are all types of properties that may be zero-lot-line homes. They may be attached (as in a townhome) or detached, single story or multistory.

BREAKING DOWN 'Zero-Lot-Line House '

Zero lot line homes are not just for low-income homebuyers: they are an attractive option for anyone who doesn't have the time or inclination to maintain a large yard. They are also an appealing alternative to condos because they offer greater privacy and independence while still being low maintenance. However, window placement, noise and a lack of privacy can be issues with these types of homes since there is little to no buffer zone surrounding them.

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  1. Can FHA loans be used for investment property?

    Federal Housing Administration (FHA) loans were created to promote homeownership. These loans have lower down payment requirements ... Read Full Answer >>
  2. Does an FHA loan require a down payment?

    Federal Housing Administration (FHA) loans require down payments, which can be as low as 3.5% of the total purchase price ... Read Full Answer >>
  3. Can a 401(k) be used for a house down payment?

    A 401(k) retirement plan can be tapped to raise a down payment for a house. You can either borrow money or make a withdrawal ... Read Full Answer >>
  4. Do banks offer FHA loans?

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