Simply put single family homes are residential structures occupied by a single family
. It is one of the more common description used by real estate professionals to categorize a certain type of property. This description is used to differentiate the single family home type to a studio type property with no bedrooms.
Single family houses are further categorized as detached or attached. Detached homes are those that are not attached to any other structure or stands alone. It is the type of home that has two or more entrances and exits. It can also have a separate garage. In appearance detached single family homes are usually separated from other structures with a fence or some walls.
Attached single family homes are those that are typically attached to identical structures as in a town house, and apartment or a condo. These units only have walls to separate one from the next. These houses share the same lot or the same floor space.
Single family residential properties, as mentioned before, are homes where the entire family resides. It usually has more than one room. The bedroom occupied by the heads of the household is usually referred to as the master's bedroom. This room is larger than all the other bedrooms. There will also be other rooms where the family can converge such as the living room, the dining area and the kitchen. At the minimum, a single family home can have two bedrooms and a bathroom.
Preparations for Buying
Buyers of foreclosed single family units are afforded privacy and space plus the freedom to style their place any way they want. Owners of single family homes are the ones responsible for all costs pertaining to the upkeep or improvement of their home as well as all utility consumption.
The process of purchasing foreclosed single family homes is just the same as purchasing any other property in foreclosure. If you intend to own one the first thing to do is head for the bank and determine you credit rating. You need to be pre-qualified for a housing loan before you can make an offer for a foreclosure. If you have taken care of this aspect you can begin your search and eventually close the deal on a property you like.