Seven Reasons To Choose A Townhouse Over A Single Family Home
Topics: real estate, home buying, buying a home, buying real estate, buying new home, house buying
Townhouses used to conjure up images of small, cramped spaces that were inexpensive and for many a “first home only” option. Nowadays however new townhouses rival their single family brethren in size and amenities. They have also set a new standard in community amenities with many communities offering luxurious amenities found in resorts around the world.
Read on to see seven things you should consider before buying a single family home over a townhouse.
Low Maintenance Living - One of the biggest benefits of living in a townhouse is having a homeowner’s association that maintains common areas and buildings for you. You won’t have to worry about mowing the lawn, not being able to get to work because the road in front of your home isn’t plowed or paying for garbage separately. The homeowner’s association covers different maintenance items in every community so be sure to check that your wish list is covered before putting in an offer.
Clubhouse Amenities - In addition to the luxury of having common space maintained for you there are the clubhouse amenities that also come with living in a townhouse community. Common amenities include a swimming pool, fitness center, playground and some type of sport like a basketball or tennis court.
Clubhouses tend to have one large common space that can be rented by residents of the community and used to house large events like birthday parties, business meetings and more. If you entertain a lot then this type of arrangement may suit you best.
Municipal Services - Due to the size of townhouse communities, often in excess of 30 homes, townhouse communities use community or municipal services for water and sewer. This is another great aspect of townhouse living as compared with a single family home which may have a private septic and well setup.
More Affordable Options - Townhouse communities offer a range of models that vary in size and this variety can help you enjoy the same community lifestyle as buyers who purchase the most expensive homes in the community for less.
Close Proximity to Everything - Convenience is number one in the mind of townhouse buyers that commute and retirees who are downsizing but don’t want to give up easy access to shopping. Most townhouse communities are within short driving distance of mass transit, grocery stores and retail shopping centers.
Bigger Neighborhood - When you live in a townhouse community you will have more neighbors to befriend and can have friends for the entire family. Community amenities like a swimming pool and playground help grow friendships further.
Excellent Rental Potential - Sometimes you may need to relocate with little time to sell and renting will become a viable option. Potential tenants are usually more open to renting a townhouse with a homeowner’s association in place because it creates a near no maintenance environment for them whereas renting a single family home still comes with the responsibilities of ownership.
With luxury community amenities that rival four star resorts and new interior designs that focus on openess and space, townhouses are making a huge comeback in the new home market. Before making the investment into a single family home it would be well worth investigating townhouse communities in your search area to see what home styles, layouts and amenities they offer.
Joshua Ferris is a new home specialist and has created a valuable resource for home buyers considering the area including his indispensable Monroe, NY real estate guide. For more information about lower Hudson Valley New York real estate please visit www.housemeetsowner.com.
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