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starter home

noun
1.
a compact flat or house marketed by price and size specifications to suit the requirements of first-time home buyers
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Contemporary definitions for starter home
noun

a first home, esp. that of a lower than average price bought by a young couple; also called starter house

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