The Advantages of Buying a Townhouse?

Answer 1

Many people dream of owning their own home, and so they save money for years towards that purchase. When the time comes to buy, however, potential homeowners are faced with many options. Single-family homes, condominiums, townhouses, and more are all viable choices for the homebuyer. Yet there are some distinct advantages to owning a townhouse of which all potential homeowners should be aware before they buy. Here are three such advantages.

First, a townhouse usually offers the most to the homeowner for the lowest price. In most cases, the townhouse and single-family home that are selling for the same price will differ in the amount of square footage, with the townhouse being a larger home. This is because the price of a single-family home always takes into account a relatively sizeable yard, or at least a yard that is larger than what is typically offered in a townhome. Because of this, a single-family home with a yard can often match a townhouse in price only if the single-family home is smaller. The buyer of a townhouse is therefore likely to get more square footage of living area in the purchase than in a single-family home, the only tradeoff being that the townhouse will not have a tiny yard.

Second, the smaller yard that comes with a townhouse is itself an advantage. Having a smaller yard eliminates a ton of yard work, leaving the homeowner with more free time on the weekends. In newer communities especially, a homeowners association will take care of whatever yard maintenance that happens to be required, which will leave the homeowner with even more extra time, albeit for a monthly association fee.

Finally, owning a townhouse can be advantageous for those who really want to know their neighbors. Because townhouses are usually attached to one another, there is a far greater chance that people will run into at least their next-door neighbors more regularly than if there were yards to separate the buildings. This facilitates the building of community and explains why so many people are interested in buying a townhouse.

Those who are in the market to buy a home should consider these advantages carefully before they make their final decision as to whether they should buy a townhouse. Consultation with a realtor and other trusted advisers is also recommended to help ensure that the buyer ends up with a home that he or she loves.