Single-family detached home

There are advantages and disadvantages to single-detached homes. Advantages are that the entire space around the building is private to the owner and family, in most cases (depending on federal, state/provincial and local laws) you can add on to the existing house if more room is needed and there are generally no property management fees such as the ones associated with condominiums and townhomes.

There are also many disadvantages to owning a single-family detached home. All maintenance and repair costs—interior, exterior and everything in between—are at the owner's expense. There is often a lack of amenities such as pools and playgrounds (although some single-detached homes do have these features within the lot or nearby, their owners are commonly required to pay a homeowners fee as those in condos or townhomes).
Landscaping and lawn upkeep costs are at the owner's expense.