Are you looking for a new home that is less expensive than a single-family home, but still offers the same feel and space? If so, then a townhouse could be the perfect fit for you. Townhouses offer a similar feel to a single family home but require less maintenance, and are much less expensive. They are a great option for anyone looking to upsize from an apartment or condo or downsize from a single-family home.
Townhouses are great for single people, smaller families, newly-weds, and the elderly. For new homeowners, owning a townhome is a great way to build equity. When you purchase a townhouse, you are in fact a landowner of the property that your house sits on: the front, back, and side yards. Even though you own the property, a great benefit is that the homeowners’ association will take care of your yard. This includes grass cutting, plant maintenance, trash and snow removals and some even provide pest control.
An experienced Realtor can give you an explanation between the types of ownership involved, which has changed a lot over the years. Some townhouses are called condominiums now and lenders as well as buyers need to understand the differences.
Most townhouse communities have a central, common area that you share with your neighbors, as well as walking trails. Spending some time here is a great way to meet and connect with your neighbors as well as the opportunity to become involved in your community. If you enjoy being an active member in a community, you will love living in a townhouse, however your privacy is respected if that is important to you.
Location is an important factor when deciding where to live. Townhouse neighborhoods are often very safe and private from other neighborhoods. Most of these communities are located near towns, main roads, and lots of shopping options. You get both privacy, and active town life, all in one!
In comparing a townhouse to an apartment or condominium, townhouses tend to be much quieter, due to the adjacent placement rather than above or below. There is a lot less noise traveling through the home, and therefore a lot more peace and quiet. Some townhouses are specifically designed to keep noise to a minimum through quality sound proofing, and arranging rooms in ways to buffer out noise from neighbors. In addition to being quieter, there is also a lot more privacy. Townhouse owners have their own private front door entrance, backyard space, and multi-level living. You get the best of both worlds through a single-family home living style, but with the ease and convenience of a condominium!