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SINGLE FAMILY HOMES
By Zack Childress
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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
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Cons of single family homes
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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
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CONCLUSIONZack Childress Brings Out The
Disadvantages Of Single-Family Homes With Respect To Privacy, Costs And
Amenities