In most cases, a single-family home is a freestanding house set on its own piece of property. But there's more to it than you might think.
Single-family homes, also called single-family residences, offer the perfect place for you. In a single-family home, you have your own direct access to the street, and maintain only one set of utilities for the whole residence. And, because single-family homes are detached with no shared ...
Townhouses provide a taste of single-family homeownership with the convenience of shared amenities and potentially less maintenance compared to a detached house. Working with a skilled real estate agent and mortgage lender can make the homebuying process smoother because you are leveraging their experti...
A detached, single-family home is typically going to be more expensive than a condo for a number of reasons. First of all, as we mentioned, they’re bigger than condos. And when you own a house, you own the whole thing, inside and out. Insurance is also more expensive for a house...
While living in a detached single family home may be the dream for many, the fact is: if you live in a relatively dense city with expensive real estate, it’s probably not a realistic one. But a detached home isn’t the only housing option with a house-l
A condo is a housing unit that's part of a larger condominium complex. The complex could be a multistory building with apartment-style dwellings or a sprawling development with detached units. One key distinction between condos and single-family homes is that w...
Definition: What is a multi-family home?A multi-family home is a single building that’s divided to accommodate more than one family living separately. They can range from a duplex, which has two dwellings within a single building, to larger buildings with up to four individual units. (...
The financing costs may be higher for a duplex compared to buying a single-family home. You may want to consider all these factors and ask yourself, “is buying a duplex a good investment?” How to buy a duplex Buying a duplex involves several steps, starting with determining your budget ...
Single-family home: a detached residential unit on its own property. It does not share property boundaries, roofs, or walls with other properties. You own the land and home. Condominium: a shared living situation where you own the individual unit but share common spaces like walkways, elevator...
This is reflected in our homes. The average single family home built in the United States before 1970 was less than 1,500 square feet in size. By 2016, the average size of a new, single-family home was 2,422 squa...