What is a single-family home? It is one of many real estate terms that have sprouted up over the years that you will see in your home search. Is this the right type of home for you? Or would you be better off in a multi-family home, condo, or townhome?
What is a single-family home?
There are both broad and narrow definitions. Some definitions are pretty broad and simple: A single-family home is “a freestanding home set alone on its own piece of property.”
Other definitions are a little more narrowly defined. According to the US Census Bureau, for example:
Single family homes “include fully detached, semi-detached (semi-attached, side-by-side), row houses, and townhouses. In the case of attached units, each must be separated from the adjacent unit by a ground-to-roof wall in order to be classified as a single-family structure. Also, these units must not share heating/air-conditioning systems or utilities.
Units built one on top of another and those built side-by-side that do not have a ground-to-roof wall and/or have common facilities (i.e., attic, basement, heating plant, plumbing, etc.) are not included in the single-family statistics.”
Some features that could define a single-family home should include:
- Stand-alone, detached property – The house should have its own parcel of land, no shared property.
- Its own entrance and exit – The house should have its own private and direct access to a street or thoroughfare.
- Only one set of utilities – These utilities may not be shared in any way with another residence or house. This applies to heating, electricity, water, or any other essential service.
- One owner – The house is the residence for one person, family, or household, where the owner is the only person with interest in the unit.
What is the difference between a single-family home and a multi-family home?
Multi-family homes have some characteristics that you won’t find in a traditional single-family house. A single-family home can’t have multiple units because that doesn’t meet the standards of housing set by U.S. government agencies.
Some multi-family homes began as larger single-family homes that an owner decided to split into more than one unit to make more money. Consequently, those living in multi-family homes may have less privacy than those living in single-family homes. This can be due to shared walls and/or other shared services.
Since there are multiple units on the property, it’s necessary for the units to have different addresses. This can be reflected by adding unit numbers to mark each residence apart from each other.
Different kitchens and bathrooms
Multiple units with different addresses also means that each unit has its own kitchen and bathroom(s). This means that those units have their own utilities too.
Since these units are divided from each other by address, kitchen, bathrooms, and utilities; they also have their own private entrance.
What are some pros/cons of single-family homes?
Privacy – Since the owner’s house typically sits on its own property, and there are no shared walls, that means a single-family owner typically has a great deal more privacy than if the house shared walls or other features with multiple properties and people.
Space – Single-family homes generally have much more space for storage and room for family members too. Of the 840,000 new single-family homes built in 2018, according to the US Census Bureau’s new construction data, 45% had 4+ bedrooms and 36% had 3+ bathrooms. Of the 345,000 multi-family units built in 2018, just 10% had 3+ bedrooms.
Design – Personalizing your landscaping, exterior design, or modifying the structure. All these things are easier with a single-family home, as no approval is required unless you’re in a private community with set rules.
Income – Multi-family homes can generally have a wider variety of income possibilities than a single-family home. The owner could live in one unit and rent out the other unit(s) in a multi-family home quite easily. A single-family home would need to be rented out as one unit.
Responsibility – Owners of condos or townhomes that are part of an HOA that provides services to their units have less responsibility. Single-family home owners for free-standing homes will need to do all maintenance and repairs themselves or hire their own outside assistance to provide service.
Cost – If the owner is buying a single-family home on a large lot with a big backyard and a garage, many costs can be higher. Some of these prices include the purchase price and maintenance. And this relates to responsibility. Since the owner is footing the responsibility of owning this type of home, that owner also foots the bills alone for those repairs and maintenance too.
Who are single-family homes right for?
Single-family homes are typically better for families that can afford the luxury of more space and privacy. These home owners have the time and money that general maintenance and yard upkeep requires.
What type of housing may be more appropriate for different owners:
An apartment is a rented residential unit that’s part of one (or several) residential buildings. There is generally one owner or management company for all the units that handles the maintenance and upkeep.
They generally have more affordable costs than buying a condominium or single-family home, and can often have better walkability or location to shopping, entertainment, nightlife.
The main difference between a condo and an apartment is ownership. You have the option to purchase a condo, as you would a house. If you end up renting a condo, your property owner will differ from the unit next door. This also impacts the management of the property. Condo properties are usually managed by a Homeowners’ Association (HOA).
Condos appeal to owners looking for lower-maintenance living. They offer a greater sense of security, along with easier opportunities to be social with neighbors. Usually, condos offer common property amenities like swimming pools, weight rooms, business centers, and so on.
A townhouse is a single-family dwelling with at least two floors. They share a wall with another house, but each townhouse is individually owned.
Townhomes can be a good option for first-timers on the home-buying circuit. They’re also typically a great option for budget-minded home buyers that want more space than a condominium. Townhomes sometimes also offer better locations for owners looking to be more centrally located to urban area lifestyle venues.
They are generally best for owners that prefer a bigger yard and more room to do their own thing. Single-family homes will not include benefits like landscaping, snow removal, home repair, and exterior maintenance. Owners will often pay a monthly HOA for when they own a condo or a townhome. Some private residential neighborhoods will have smaller HOA fees for single-family homeowners though, depending on community amenities.
They can be best for owners interested in real estate investment and are okay with the added responsibility and time that comes with being a landlord. However, these owners should be willing to be involved in these properties based largely on the extra income involved.
How to search for single-family homes
When the prospective buyer is ready to start searching for their home, online real estate listings either reference single-family homes, condominiums, etc. There is also a type of real estate nomenclature that gets used too in reference to zoning rules for the land involved. For example, homes will be zoned “R,” which means “Residential,” followed by a number. Zoning rules can be somewhat different in different areas of the country, so the owner will want to do their own research.
Typically means the land has been zoned for one home only, a single-family home.
Often means a zoning district providing for low-density development, such as single-family homes but also multi-family homes, typically duplexes.
Provides for the development of a wide range of multi-family dwelling units, including but not always limited to, apartments and condominiums.
Bringing it all back
Single-family homes appeal to buyers that want more space, privacy, and freedom. Single-family homes may sometimes mean more suburban than urban, that isn’t always the case. If you search in the right area, you can find what you want and where you want it.
No matter what type of home you choose to buy, our top-rated agents at Trelora can help you find the right choice of home for you. And you should also know, if you buy a home with us, we split our buyer’s agent commission with you up to $6,000 cash back at closing. You can use that refund to do anything you want, such as remodel your kitchen or pay for your mortgage for a few months. It’s up to you.