Single Family Residence

A common term in the world of real estate, single-family residences are the most popular form of home in the USA. According to the Multiple Listing Service, in 2019, 83% of residential properties sold in the United States were single-family residences.

The exact definition of a single-family residence may vary depending on legal jurisdictions. Generally, it refers to a free-standing residential building as opposed to a multi-family residential dwelling, such as an apartment building. Depending on the jurisdiction, a townhouse may be considered a single-family residence. More commonly this refers to detached housing such as cottages, villas, bungalows, and mansions.

While single-family residences are usually intended for a family, a property can be shared by unrelated adults as roommates.

Single family houses are typically built on plots of land much larger than the house itself. As such, they usually have a yard or garden. Additionally, most include a garage that may be attached to the residence.

There are many benefits to owning a single-family home. This mostly includes more privacy and space, which can translate into a more quiet and relaxed living situation.

Additionally, it is more flexible for investors looking to do renovations or changes with the property. This is due to the fact that many are not part of a homeowner’s association that is typically required for approval.

Single family homes tend to be located in the suburbs, a bit farther from the municipal city center or downtown. As such, many residents are required to commute to their place of work.

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on pocket
Share on reddit
Share on telegram
Share on email
Share on print