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Easy question I hope. Looking to see what peoples opinions are on buying a sfh vs buying a multi-family. The latter half would be bought between family members. Are there regions in the area that would be better to look for a multi-vs single. We are partial to the Dover area but are also looking for perhaps more land with a homestead type feel if we go the multifamily route. Hopefully my post is not too confusing in what I'm asking!
There are plenty of condos through the Lakes and touristy parts of the White Mountains. Unknown about duplex type stuff.
Sharing is not ours either but the current market doesn’t bode well for first time home buyers unable to go 70k over asking and so we have talked about going into a multi-family with family. We wouldn’t be living next to people we didn’t know do I guess that would be a bonus.
Easy question I hope. Looking to see what peoples opinions are on buying a sfh vs buying a multi-family. The latter half would be bought between family members. Are there regions in the area that would be better to look for a multi-vs single. We are partial to the Dover area but are also looking for perhaps more land with a homestead type feel if we go the multifamily route. Hopefully my post is not too confusing in what I'm asking!
Not saying they're not out there, but most two-family homes are "in town". Dover definitely has a lot of multifamily homes. If both units will be owned, rather than you buying the whole thing and renting the other half out, typically the legalities are structured as a condominium complex, even if it's just a two-unit complex.
Sharing is not ours either but the current market doesn’t bode well for first time home buyers unable to go 70k over asking and so we have talked about going into a multi-family with family. We wouldn’t be living next to people we didn’t know do I guess that would be a bonus.
Yeah. I've had similar conversations/commiserations with several people over the last year. To say "it's rough out there" would be putting it mildly.
Sometimes you encounter a 2-family home on an acre or larger lot, usually a townhouse/duplex style new construction
Quote:
Originally Posted by OutdoorLover
Not saying they're not out there, but most two-family homes are "in town".
When I was looking at houses in S.NH (before the recent boom) I noticed a strange trend in new construction homes -- building a duplex (one shared wall) on a multi-acre lot.
So you have no neighbors within sight, except for the family you share a wall and well and driveway with. I suppose it does make sense for multi-generational living, and maybe allows developers to get around some town zoning in relation to minimums.
When I was looking at houses in S.NH (before the recent boom) I noticed a strange trend in new construction homes -- building a duplex (one shared wall) on a multi-acre lot.
So you have no neighbors within sight, except for the family you share a wall and well and driveway with. I suppose it does make sense for multi-generational living, and maybe allows developers to get around some town zoning in relation to minimums.
A very nice & helpful link, Granite Stater It has the look of a nice large house, but it has the
capacity for 2 families. And sometimes more, right? Very pretty!
What I like, is that it does not look like an apartment building, it looks like a house, fits in with the surrounding single family homes.
As prices keep going up, the cost of living keeps going up, that might be a good solution.
And it brings families closer as well. Some children might also want to be closer to their
parents or a sibling. You're close to a loved one, yet, still have your privacy. A win win. Thank you!
I'm seeing that too around here. Of the new construction (and there's been a lot of construction in my area in the last few years) about 50% are condex type. The SFH usually start about $1' +, so the condex, at $699K+ is the "affordable" alternative. I've lived in one before and I didn't really hear or have any issue with the other side. They are usually joined by the garages, so the living area is completely independent.
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Sometimes you encounter a 2-family home on an acre or larger lot, usually a townhouse/duplex style new construction
Thank you, Granite Stater!
It has the look of a nice large house, but it has the 
