You can purchase all kinds of different homes, but most houses fall into two categories. The first is the single-family home category, and the second is the multi-family house classification. Do you know the differences between these property types, and do you know which type you want? Here is an explanation of the different options you can choose from and why people commonly choose single-family homes instead of multi-family properties.
The Primary Differences
A single-family home is different from a multi-family home in several ways. First, a single-family house is not attached to any other structures. It is an independent structure of its own that does not share walls with any other homes. A multi-family home shares walls with other properties. Townhouses, condos, and apartments all fall into this category. These homes connect to each other, and you will find them in groups.
Additionally, multi-family homes have homeowners associations (HOAs) that manage them. If you live in a home with an HOA, you must pay a monthly fee to this entity. While you might find HOAs with some single-family homes, they are not as popular. Paying a fee to the HOA results in receiving services. For example, if you live in a condo, the yardwork and garbage services come with the home. If you live in a single-family home, you will not have these benefits, but you also will not pay a monthly fee.
The Reasons People Prefer Single-Family Homes
While many people prefer living in townhouses or condos, a lot of people prefer living in single-family homes for several reasons. First, they offer more privacy to the homeowners. When your house is independent of others, you will not hear or see your neighbors as much.
People also prefer single-family homes for the extra space they provide. A single-family home offers more living space, a garage, and a yard. You might get a garage with some townhouses or condos, but they do not always come with a garage. Most multi-family homes do not have yards for the residents either, but some might.
One of the top reasons people prefer townhouses and condos is to have less maintenance and work to do around their homes, as multi-family properties offer maintenance-free living for the residents.
Now that you know the differences between these home types and why people prefer single-family homes, you might be able to make up your mind. If you have questions about home types or prices, talk to a real estate agent today.