Zack childress single family homes have privacy, more space and personal freedom. Also the cost of managing single family homes is lesser as compared to multi-family homes.
2. Introduction
• Zack Childress single family homes have privacy, more
space and personal freedom. Also the cost of managing
single family homes is lesser as compared to multi-
family homes.
• To get a better insight into the advantages of single
family homes, read the article on pros of single family
homes by Zack Childress, a real estate investor. In this
article he shares,
3. Some of the cons of single family homes :
• Vacancies can hamper rental income
• Home association fees
• Cost of maintenance
• Cost of amenities
• Personal freedom can be costly and tiresome sometimes
• Privacy can be risky
• Difficult to sell
4. Vacancies can hamper rental incomes:
The moment lease ends, the property becomes
vacant and the rent stops coming in. The cost of
placing a new tenant is common for all homes
not excluding single family homes.
5. Home association fees:
Most of the homes in a locality are associated
with home associations. The property owners
have to pay monthly payments to the HOA which
can take up a part of their expenses.
6. Cost of maintenance:
The cost of maintenance is higher for single
family homes. The owner has to pay everything
from his pockets but whereas in case of multi-
family homes, the costs of maintenance is
shared among the dwellers in all the homes.
7. Cost of amenities:
The costs of amenities like children’s play area,
swimming pool, table tennis court and so on are
much higher in case of single family homes. In
fact it is non affordable unless the family has a
very high income.
8. Personal freedom can be costly and
tiresome sometimes:
• Of course with single family homes, you have more
personal freedom. You can organize family reunions,
keep more pets and throw parties. But who is going to
clean up after these events. It is you. You can hire a
servant but still you have to spend quality time
supervising.
• Also, you can get friends to help you but you have to
work along with them. Sometimes your valuable things
may get damaged unknowingly.
9. Privacy can be risky:
• In a multi family home, your neighbors become like your
family members in the long run. They help you out in
times of crisis but this may not be the case with single
family homes.
• Also, crimes are more likely to occur in single-family
homes. If you go for a tour for 2 to 3 days and you cannot
take your kids along, then you may not have anybody
looking after the kids. But in case of multi-family homes,
your neighbors may offer to look after your pets and kids
until you come back.
10. Difficult to sell:
Single family homes are difficult to sell. There
are not many who would want to buy a single
family home. Only people with high incomes can
afford them.
11. Conclusion
Thus Zack Childress brings out the disadvantages
of single-family homes with respect to privacy,
costs and amenities.