What does SFH mean in UNCLASSIFIED

A single-family home is a detached residential building designed for occupancy by one family. It is typically characterized by having its own private yard and is often referred to as a standalone house.

Owning a single-family home offers several benefits, including:

• Privacy and self-sufficiency due to a private yard and lack of shared walls.
• Greater space and flexibility to accommodate growing families or personal preferences.
• Potential for long-term investment and appreciation in value.

When purchasing a single-family home, it's important to consider factors such as:

• Location, including neighborhood, amenities, and proximity to work and schools.
• Size and layout, ensuring it meets current and future needs.
• Age and condition of the property, including potential repairs or renovations.
• Financial aspects, including mortgage rates, closing costs, and ongoing expenses.

Owning a single-family home involves various ongoing costs, including:

• Mortgage payments or rent.
• Property taxes.
• Insurance.
• Utilities.
• Maintenance and repairs.
• Potential homeowners association fees.

Financing a single-family home typically involves obtaining a mortgage loan, which requires a down payment and monthly payments over a specified term. The mortgage process includes securing pre-approval, submitting an application, and closing on the property.