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.

[{"selector":"#anim-9e2abaf8-5911-4415-a967-8737e6bd8e14","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a47b2127-29e0-479e-931a-3291bf69ee10","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more

[{"selector":"#anim-e43d5c46-0118-4d7f-b006-172db3199399","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c87a3e8e-48f9-418d-b4b0-eff870e8236d","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] 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. Medium Brush Stroke Learn more

Spacious, Quiet, and Intimate

[{"selector":"#anim-f4662dc6-013c-410c-8d9a-62a914ae742c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6efa6d87-4f3a-416d-b810-7283ef43c303","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more

Possibly No HOA

[{"selector":"#anim-32c880d8-7b82-474d-a2f4-f608229becd1","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-bdd52caa-f904-491a-a6cb-56b0e38e3f4c","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more

Single-Family Home Appreciation

[{"selector":"#anim-55281ed3-aca3-4eea-a52b-58fc02070216","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a71a90b5-2a98-45ec-8a68-52b047b8d593","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more

Possibilities for Renovation and Expansion

[{"selector":"#anim-178f2bf6-e7d6-4ab3-81fa-611e58adca0f","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-225720ce-dc42-443d-9d09-dacfd1c2206e","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more

SWIPE UP NOW TO READ MORE

[{"selector":"#anim-5849364b-1edf-4c7c-9d05-e260819163d9","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7edf0a30-4151-4660-9235-1a72867dff10","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more

Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

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.

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.

SWIPE UP NOW TO READ MORE

Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

READ MORE