Before we talk about 4 reasons to buy a townhome, it might be good to discuss what a townhome is. A townhome is defined as an individual house placed side by side where one or two of the walls are shared between adjacent homes. In other words, townhomes are close in proximity to other townhomes and share common walls.
Unlike a condo, where you own the inside of the home only, in a townhome you own the exterior of the house, the land, along with the interior. There are pros and cons to every form of home ownership. Read the article below to see the why many people have chosen a townhome to call their home.
1) Low Maintenance
In a townhome, you don’t have to spend the weekends checking of a list of things that need to be done around the house. You don’t need to hire landscapers or worry about the upkeep of the grounds. Most townhomes are designed to be as maintenance free as possible, allowing you to spend more time doing the things you enjoy.
2) Lower Price
Generally speaking, if a townhome and a single family home have similar specs and are relatively the same age, the townhome will have a better price. Not only is the price of the townhomes lowering cost, but the taxes for townhomes are often lower annually.
3) Low or No HOA’s
Most townhome communities are not associations, which means you do not need to pay monthly association fees. This benefit comes with the responsibility for the upkeep of the exterior. On the contrary, association fee’s required on townhomes are typically are lower because of the limited elements needed to be maintained.
4) Increased Security
The shared wall and close proximity creates a more secure neighborhood. Close neighbors can watch for suspicious activity and keep tabs on your property while you’re away at work or on a vacation.
Brought to you by:
Austin Solomon, Realtor | Coldwell Banker Action, Schofield, WI