A single family home may seem like it's just a house for a single family, but it's not. There's a list of property characteristics that need to be met in order for a property to be considered a single family home. Legally a single-family is, " a structure maintained and used as a single dwelling unit".
- Ownership: One title to one individual
- Road: The home must have a path that allows access to a road and the house.
- Land: The property cannot be shared with another structure, the property is to be privately used by the owner
- Walls: A single-family home cannot share walls or a roof with another building
- Kitchen: Only one kitchen may be built. A second kitchen could signify that another person is living in the house which results in ordinance changes.
- Utilities: Utilities can't be shared with another property
There's many benefits of owning a single-family. Switching from a rent-situation to an ownership position will provide a positive outcome as long as you stay fiscally responsible.
Benefits Of A Single Family Home:
- complete control over your living space
- Property that can be used as you please
- Storage space