Your ultimate guide to buying a single-family home

Buying a single-family home isn’t dramatically different from purchasing another type of property, but the process has a few variations.

A single-family home is meant for one person or household. Among the types of houses out there, including condos, co-ops, townhouses, and manufactured homes, the single-family home remains the holy grail for many Americans.

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Spacious, Quiet, and Intimate

The property is often on its own lot without shared walls, a single-family home offers more space and privacy inside and outside the home.

Possibly No HOA

Anyone who buys into an HOA community must live by the CC&Rs: the covenants, conditions, and restrictions. They can be lengthy, and the ongoing fees can constantly rise.

Single-Family Home Appreciation

Generally, single-family homes are in higher demand than multi-family or other properties. Because of the demand, when a person buys a single-family home, the value may faster.

Possibilities for Renovation and Expansion

Single-family homes can be an attractive buy simply because of the option to expand in the future, unlike properties with shared lots or walls.


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