In the realm of real estate, the term 'SFH' is an abbreviation for Single-Family Home. A Single-Family Home is a standalone house designed, usually constructed to house only one family, differing from multi-family homes or apartment buildings.
These homes can be characterized by several key features:
A defining characteristic of an SFH is that it is a detached structure and stands alone. The dwelling doesn’t share walls or common living spaces with adjacent housing units. Detached homes typically offer a greater degree of privacy and independence compared to attached or multi-family housing.
SFHs can be owned by a single individual, family, or an investor/investment company. The owner has full control over the property and is responsible for the maintenance, landscaping, and any modifications or improvements to the home, unless otherwise specified in a rental agreement between the owner and a tenant.
An SFH often comes with a yard or outdoor space. This space can vary in size, but it provides a private outdoor area.
Single-family homes are a popular type of real estate investment to be used as rental property and account for about 35 percent of the 44 million rental units in the U.S. SFH real estate represents a significant and swiftly growing sector within the residential rental market.
Real estate investors often choose to invest in SFHs for various reasons: