House (Account) vs consumer (contact)

At my organisation, our products are installed in homes, so the home is most important record we want to track, potentially as an account. The home owner, or person renting the home, would then be connected as the primary contact,

Does anyone have any advice for best practice and how to achieve this?

For example, auto-generating accounts from contacts and setting them as the primary contact.

Account Name: 123 Tree Avenue, Forest Hill, Cityville

Contact: John Smith