Cambridge Title Company offers title insurance to both residential and commercial property buyers. Today, we'd like to explore one of the various types of residential properties available to home buyers: the single-family home.When buying a home comes to mind, this is probably the most typical example. Single-family homes can be described as free-standing properties that don't share walls with neighboring homes or properties. These properties are built from the ground up and are located on their own set of land.
Pros
The number one pro to owning a single-family home is that you, as the owner, would own everything. This includes the home itself and its accompanying land. Because of this, you can landscape, remodel, or rebuild the home to satisfy your own desires.
Cons
On the other hand, you may find yourself restricted by the deed of the property. In addition, you are solely responsible for all repairs and maintenance along with the aforementioned remodeling work.
Also, you will likely have fewer amenities (money willing) than at a larger complex, such as swimming pools, exercise facilities, and tennis courts. Finally, if the property is part of a subdivision, there also may be homeowners’ association (HOA) fees.
For more information on title insurance and escrow services, please contact Cambridge Title Company by phone at 224-330-1886 or by email at info@cambridgetitleco.com.
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