Zack Childress reviews the pros of single family homes. Single family homes provide longer lease periods, more privacy for families, and more personal space. They have lower property taxes than multi-family homes and can appreciate better for resale value. However, single family homes also have some cons like higher maintenance costs, difficulty finding tenants, and less sense of community than multi-family dwellings.
2. Introduction
Zack childress reviews single family homes are
those homes which are inhabited and used as a
single dwelling. In this article, Zack Childress, a
real estate investor, reviews the pros of single
family homes.
3. Longer duration of lease
The lease period is longer. Most of the renters who rent single family
homes are doing so to save some bucks. Thus single family homes are
great sources of income for many people and provide a good return on
investment.
Privacy factors:
Before the onset of heavy industrialization, people lived more and more
in multi-family dwellings. With the onset of the industrialized era,
economical growth became better and the affordability factor of people
increased. As a result of this, more single family homes have cropped
up. Nowadays, people value privacy more than anything. This is
suitable especially for young couples.
4. More space for families
If you want a home, where after some years, you are going to
have your aged parents stay with you, then, you should go in
for a single family home. Single family homes can be a great
place for parties, family reunions and other recreational
activities. Also, if you have 3 or more children, single family
homes can be a better option for you.
5. Personal freedom
You can have private recreational activities like starting a club,
gardening, yard sales and vacations in your own homes. You can
arrange parties in your home and celebrate.
This will not disturb others and you will enjoy yourself. In a
multi-family home, even if you have walls to separate the
dwellings, the thin walls cannot obstruct noise from being
transported across. This will trouble others and will pave the
way for unnecessary quarrels and complaints.
6. Lower property taxes
Single family homes have lower property taxes as compared to
multi-family homes. Property taxes take up a chunk of your
other housing expenses. Thus lowering of property taxes will
help in saving money.
Resale value
Single family homes when maintained well ensure a very good
resale value. People who are planning to sell their properties
after a few years can go in for single family homes.
7. No fights and squabbles
Tenants of a multi-family home are highly prone to fighting
since they share common facilities and common areas. But, there
is no danger of quarrels in single family homes unless it becomes
a issue with the entire street or area.
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.
8. 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
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
Single family homes are advantageous in terms of lower
property taxes, peace and space. Zack Childress brings out the
pros on these terms beautifully, in this review.
Thus Zack Childress brings out the disadvantages of single-
family homes with respect to privacy, costs and amenities.