SINGLE FAMILY HOMES

By Zack Childress

Single family homes have privacy, more space and personal freedom. The cost of managing single family homes is lesser as compared to multi-family homes. 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,

Single family homes

Cons of single family homes

Some of the cons of 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

VACANCIES CAN HAMPER RENTAL INCOME

• 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.

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.

• Higher in case of single family homes.

• In fact it is non affordable unless the family has a very high income.

PERSONAL FREEDOM CAN BE COSTLY AND TIRESOME SOMETIMES• Single family homes, you have

more personal freedom• You can hire a servant but still

you have to spend quality time supervising.

• Someone breaks your costly German flower vase while dancing.

• If your servant damages the kitchen slab while working, then you have to bear the replacement costs.

PRIVACY CAN BE RISKY• 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..

• Crimes are more likely to occur in single-family homes.

• In case of multi-family homes, your neighbors may offer to look after your pets and kids until you come back.

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

CONCLUSIONZack Childress Brings Out The

Disadvantages Of Single-Family Homes With Respect To Privacy, Costs And

Amenities