Looking to buy your first place? If so, then there are many different types of real estate to consider. From single-family homes to multi-family homes and condominiums, how can you know which is best for you? A standalone single-family home is a popular choice for many first-time buyers; if most (or all) of the following situations apply to you, then you may want to narrow your search to this type of property as well.
You Don't Mind Yardwork
Single-family homes come with their own dedicated plots of land. In this sense, you're buying more than just the home; you're buying the entire property. With this comes some inherent responsibility for taking care of the property. This can include keeping the grass mowed, removing dead or dying trees, and other general exterior upkeep.
If this is something you don't mind handling (or if you have it in your budget to hire a lawn care service on your behalf), then you might enjoy a single-family home and the outdoor space that comes along with it.
You Need Your Privacy
Because you won't have any shared walls with neighbors, a single-family home is also a sensible option for those who are serious about privacy, peace, and quiet. If you currently live in an apartment building or in another residence with shared walls, you may know first-hand how frustrating loud and inconsiderate neighbors can be. With a single-family home, the entire residence will be yours.
You're Okay With More Maintenance
Compared to townhomes, condominiums, and even multi-family homes, single-family homes tend to come along with more maintenance responsibilities and costs. For example, if you buy a condominium unit, you generally won't be responsible for roofing or siding repairs. Instead, that's covered by your HOA or building owner. With a single-family home, however, you'll be financially responsible for all aspects of your home and its structure.
You Want More Space
Single-family homes tend to offer the most square footage for your money — so if having lots of space and room to grow is important to you, then a single-family home is probably your best bet.
Overall, single-family homes can be an excellent real estate option for buyers at all stages of life. Of course, every type of real estate comes with some inherent benefits and potential drawbacks. By assessing what's most important to you, you can choose the type of home listing that best suits your budget and lifestyle.
For help finding single-family homes, contact a local real estate agent.