Do you dream of owning your own home? If so, you’ve probably considered buying a single-family home with a large yard. However, this type of living situation isn’t right for everyone – and it’s not just a matter of budget. Here are a few things to consider before house hunting.
Privacy
Unless your neighbours are particularly noisy and disrespectful, owning a single-family home rather than a townhouse or residential unit ensures maximum peace and privacy. If you’re a light sleeper and have a low noise tolerance, you’d be better off with a detached home.
Freedom
Unlike blocks of units, you’re not required to consult with others about maintaining common areas within your detached house. If you hate conflict, this is a strong argument in favour of a single-family home. Plus, owning a home gives you the freedom to renovate without asking anyone’s permission – except your council.
Upkeep
When you own a single-family home, you’re solely responsible for maintaining the house and yard. Unless you hire professionals to trim the hedges, repair the roof, repaint the deck or shovel the snow, these tasks will be added to your list of chores.
Finally, keep in mind that single-family homes are more expensive than other types of properties. Generally, the purchase price and council rates and other taxes are significantly higher. However, detached homes have a high resale value, especially when properly maintained.
Whatever your decision, contact a real estate agent to evaluate your options.
