Is a Single-Family Home Right for Your Family?

Investments are a huge part of adulting; homes being among the largest assets. As a huge financial decision, purchasing a home is not without its struggles. It involves a lot of moving pieces (no pun intended) and even more questions, as you try to narrow down your list of wants and needs. For the majority of homebuyers, research will likely circle around one key phrase: single-family homes. It’s something you’ll often see while browsing real estate listings and something that you’ll definitely want to be clarified. So, sit back and relax as we help you dissect this phrase—helping you determine if a single-family home is the right choice for your family.

What Is a Single-Family Home?

Before we get into the details, let’s start by answering the fundamental question: What is a single-family home? According to the real estate glossary, a single family residence (SFR) is a standalone structure that is intended for—you guessed it—one family. The easiest way to wrap your head around this definition is by comparing an SFR to its opposites which often include townhomes, multi-family homes, condominiums, and cooperatives. Single-family homes are typically built on their own piece of land, granting members of the household remote access to a front/backyard. In short, an SFR is a private paradise.

The Perks of Single-Family Homes

Living in a private paradise sounds pretty sweet, right? There are a lot of advantages to investing in a single-family home, including privacy, but the benefits will vary with your budget and needs. Some of the most popular reasons homebuyers choose to purchase a single-family home include:

Storage Space

Every family needs room to grow! Single-family homes have that extra storage space for your needs and ever-growing collection of tangible memories that you simply can’t part with.

No Shared Walls

Yes, this falls into the privacy perk. But did you consider the magic that comes from the promise of no shared walls and floors? That means no stomping upstairs neighbors or paper-thin walls that leave no secret kept.

Long-Term Tenants

Single family residences tend to attract tenants who are there to stay, including families and couples who are planning to grow in the same location for a set period of time. Not only will this improve the value of the neighborhood but foster lasting friendships with neighbors who are likely to have the same interests as you.

The Search

If you’ve decided that a single-family home is the right choice for your needs, the next step is finding one that truly works for your family. For those homebuyers who appreciate the privacy that’s promised with an SFR but also really enjoy the community aspect of multi-family properties, we suggest looking at homes in master planned communities. These neighborhoods are designed with every last detail in mind, providing residents with a plethora of amenities, social opportunities, and single-family homes that are designed with the modern family in mind; you’ll benefit from the best of both worlds.

For anyone planning to move to Dallas, Austin, San Antonio, or Houston, Chesmar Homes is the builder to lean on! We are a one-stop shop home builder with a goal to completely streamline the home-buying process for our customers. With beautifully designed model homes in master planned communities throughout major cities in Texas, we’ll help you find your dream home and personalize it with details that will truly make it yours. To learn more about our services and single-family homes, contact Chesmar today!