Usually you will be better off purchasing a single family residence (SFR). The SFR’s tend to appreciate faster and hold their value better than do condos and townhouses. The single family Homes are generally in higher demand, therefore a bit more expensive. You need find out what price you can afford to buy. You will usually get more bang for your buck when you purchased the single family home then condo or townhouse.

However, all depends on your individual circumstances and lifestyle. If you don’t like to do much maintenance, upkeep, don’t want or need to big yard and don’t mind of paying the homeowners’ association (HOA) fees, then a condo or townhouse could be perfect for you. When you consider the number of bedrooms, 3 and 4 bedroom homes tend to be the most desirable, and easier to sell. In average the condos and townhouses are 20 years old but the single family home would be 55 years old and plus. The lighting, design and layout will be different.

When you do make a home purchase, think about how you might sell it (such as positives and negativies /likes and dislikes) before you buy it. Develop a game plan, and follow through it.

You will not only make your American dreams to reality and also make money at the same time.