Zack Childress reviews the pros of single family homes

1. Zack Childress reviews the pros of single family homes Reisuccessacademy.com

2. Introduction • 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.

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. • 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.

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. 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. • 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.

10. 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. • 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.

11. 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.

12. Personal freedom can be costly and tiresome sometimes • Also, you can get friends to help you but you have to work along with them. • Sometimes your valuable things may get damaged unknowingly. Say someone breaks your costly German flower vase while dancing. • You bear the loss of the flower vase. • If your servant damages the kitchen slab while working, then you have to bear the replacement costs.

13. 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.

14. 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.

15. 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.