Starter homes are no longer simply small, affordable first homes. Instead, they have become a homeownership entry point, which could mean a condo, townhome, or even an Airbnb. “‘Starter home’ means different things to different people. For some, it’s a cozy condo; for others, it might be a multi-million-dollar estate,” said Michael Coleman with The Agency Denver. “What’s consistent is that real estate, when done right, is always a good investment.