Homes are now available in various styles, which include townhouses, condos and single homes. More people are now enticed to buy them for their family. A single home may sound interesting to buy; however, it is a more expensive type of a real estate property. However, there are still people who prefer to live in them.
Single homes allow you to buy a lot and home all at the same time. You are actually building a house within your own lot. The property may extend about 650 to 750 square feet, which is quite different from townhouses and condominiums. Here are some benefits if you should buy a single home for your family:
- You have full control of the space as it is yours.
- You don’t share walls with other residents, so you are free from hearing irrelevant noises inside your residence.
- You just need to abide some policies provided by your city and locality.
- You can renovate the house as you wish, so long as you comply with the city’s requirements.
- You provide your own appliances like a stove, microwave oven, refrigerator, and more.
- Depending on your preference, you provide your own home systems to include heating, cooling and gating.
- A single home may come with a swimming pool or a large garden depending on the area.
- There is no need to pay management fees like what condos and townhouses have.
- The resale value is higher than other types of homes.
- You can have it rented for a number of years.
Aside from the benefits provided by a single home, a homeowner may also experience disadvantages for living in them. He or she may need to handle all the maintenance fees concerning the property. They will be responsible for the upkeep of the garden and its landscape. As the entire property is owned by one, there is no common playground, gym or pool, that are only found in condos and townhouses.
The biggest advantage for owning a single home is providing everyone in the family some privacy. They can do anything without being bothered by other people around them. Another concern for purchasing this property is the availability of financial resources. Note that these homes are more expensive than condos and townhouses; so homeowners need to expend more money on paying the amortisations.