Advantages are that the entire space around the building is private to the owner/family,
and in most cases (depending on federal, state/provincial and local laws)
you can add on to the existing house, if more room is needed. As an investment, the biggest advantage is that a single-family home is generally quicker or easier to sell, and rent, while appreciating faster or higher in value than most other types of real estate. It's generally considered the most liquid of all real estate investment options. Certainly the easiest for the investor to begin a portfolio with. In many cases, your first rental home will be the home in which you live, and rather than selling it to move into a more practical and desireable home for yourself, you keep it as a rental, while you buy the home you want to move into with a minimum down payment. The main disadvantage, as a rental is the smaller positive cash flow, or even a negative cash flow, in the beginning years. HOWEVER, for investors who are looking for income tax solutions, the losses should be tax deductible and therefore considered an advantage. As an investment property, you'll want something that will be easy to rent, with a minimum vacancy period, in a popular area, and especially one that will attract the best tenants, and bring the highest possible rents. There are a lot of choices. We want to help you make the best ones. We want you to find the property that’s right for you. We’ll ask a lot of questions, you’ll tell us volumes. It’s team work. We’ll show you as many options as you want. We might show you more options than you want. That’s good too. When you have found just the right thing for you, then we’ve done our job. |
SINGLE FAMILY HOMES |
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A single-family home is the most popular form of real estate and the first thing
that most families want to buy. The most desireable, as well as varied category
of all residential property types. A free-standing residential building, mostly built on lots which are significantly larger than the structure itself, so as to include some yard, or other recreational areas surrounding the house, as well as garages. |
Jim Randolph 360-721-1000 |
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