Definition
A residential property designed for one family with private land, no shared walls, and exclusive use of yards and driveways. Single-family homes are the most common residential property type.
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Single-family homes offer privacy, control, and yard space but come with full responsibility for maintenance and property taxes. These homes are typically the most desirable for families and represent the largest segment of the residential market. Single-family homes generally appreciate well and offer good investment potential.
Pro Tip
Single-family homes offer the best appreciation but require understanding full maintenance responsibilities.
Example
The four-bedroom single-family home with a two-car garage and fenced yard appealed to the family looking for privacy and outdoor space.