The single-family home is a fundamental part of the American dream. It’s the quintessential residence. And, in Lake Country, you’ll find a variety of single-family homes in different sizes, styles, and floor plans to suit diverse needs and lifestyles.
What is a single-family home?
A single-family home is the most common type of residential real estate in the country and can be found nearly everywhere.
Single-family residences are stand-alone structures built on their own lots. In Lake Country, lot sizes average between half an acre to two acres, leaving ample outdoor living space on both front and back yards. And, depending on the location, single-family homes in Lake Country can be especially private dwellings.
The pros and cons of living in a single-family home
A single-family home is a great option if you’re looking for a detached home (no shared walls with another property here) and privacy. You might also enjoy the following benefits:
- Freedom in terms of the home’s style, as well as landscaping (although this might be subject to HOA guidelines if there are any).
- As the owner of a single-family home, you also, in effect, own the land your property sits on. You get to enjoy having a yard, which can also be an important selling point should you wish to resell the home in the future.
- Single-family homes have great resale potential as appreciation tends to be higher for this type of property. This is especially true in markets where single-family homes, whether for primary or secondary use, are in demand.
Of course, owning a single-family home also has its own set of drawbacks. The main disadvantage is the expenses associated with maintenance. As the owner of a single-family home, you are solely responsible for the maintenance of the property. Costs vary depending on the location, size, and amenities of the home.
Find single-family homes in Lake Country
Mike Kennedy, your go-to Lake Country specialist, will tell you everything you need to know about Lake Country real estate. Simply call North Bound Property today at 218-232-1946 or [email protected] to get started.