When certain people here the word "townhome", their mind instantly darts to ideas of a undesirable living space that puts the worst parts of HOAs and apartments together. But townhomes have an undeserved reputation. There are many notions about them in the public consciousness that are straight-up untrue. A townhome is a completely different entity from other types of housing.
A key differentiating factor between a condo and a townhome is the matter of land ownership. In buying a condo, the deal usually only includes four walls and the air inside. The land it rests on doesn't change hands. But in buying a townhome, the plot of land usually comes as part of the deal. Admittedly, it won't be the largest, most luxurious yard you'll ever see. But it's your yard, and with that claim to land ownership comes a large number of freedoms that aren't present on rental properties.
The most common reason some people opt for a townhome over a single-family home is the more reasonable price. But you might be surprised by how many luxury features can be packed into the smaller scale of a townhome that would be too expensive in a full-size home. For example, with the larger surface area of a single-family house, luxury stone countertops might not be affordable, but it might be possible in small scale of townhome.
Certain things have an undeserved reputation, with people saying that they're much worse than they actually are. HOAs are one such thing. Most times, the benefits of being a part of one far outweighs the little annoyances that they bring. For some small dues and cooperation with the rules, you gain access to various services. In many communities, this includes having exterior maintenance of the home covered, including land mowing, snow removal and roofing projects. Each community will have its own benefits and guidelines, so make sure that you are familiar with your own.
Townhomes are, more often than not, part of a community. And usually, communities have amenities for their residents to enjoy. Clubhouses, fitness centers, pools, tennis and basketball courts and children's play areas are some of the common sights you'll see in a townhome community. If your community doesn't have something that you enjoy, there is often a way to put it to a vote to add something new if enough community members back it and there is land space available to add it. Each member of the community owns a small pieces of it.
The advantages of buying a townhome over renting an apartment or buying a larger home are often surprising, and many townhome-owners can lend credence to their upsides. Everyone has different needs and tastes, but for many, townhomes are a great option.
A key differentiating factor between a condo and a townhome is the matter of land ownership. In buying a condo, the deal usually only includes four walls and the air inside. The land it rests on doesn't change hands. But in buying a townhome, the plot of land usually comes as part of the deal. Admittedly, it won't be the largest, most luxurious yard you'll ever see. But it's your yard, and with that claim to land ownership comes a large number of freedoms that aren't present on rental properties.
The most common reason some people opt for a townhome over a single-family home is the more reasonable price. But you might be surprised by how many luxury features can be packed into the smaller scale of a townhome that would be too expensive in a full-size home. For example, with the larger surface area of a single-family house, luxury stone countertops might not be affordable, but it might be possible in small scale of townhome.
Certain things have an undeserved reputation, with people saying that they're much worse than they actually are. HOAs are one such thing. Most times, the benefits of being a part of one far outweighs the little annoyances that they bring. For some small dues and cooperation with the rules, you gain access to various services. In many communities, this includes having exterior maintenance of the home covered, including land mowing, snow removal and roofing projects. Each community will have its own benefits and guidelines, so make sure that you are familiar with your own.
Townhomes are, more often than not, part of a community. And usually, communities have amenities for their residents to enjoy. Clubhouses, fitness centers, pools, tennis and basketball courts and children's play areas are some of the common sights you'll see in a townhome community. If your community doesn't have something that you enjoy, there is often a way to put it to a vote to add something new if enough community members back it and there is land space available to add it. Each member of the community owns a small pieces of it.
The advantages of buying a townhome over renting an apartment or buying a larger home are often surprising, and many townhome-owners can lend credence to their upsides. Everyone has different needs and tastes, but for many, townhomes are a great option.
About the Author:
A well-made townhome can be a lovely place to settle down. For amazing townhomes in Salt Lake City UT, have a look at Sego Homes.
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