Townhomes are a style of multi-floor home that share one to two walls with adjacent properties but have their own entrances. In the suburbs, townhomes are often uniform homes built in a distinct community that might have its own homeowners association.
Townhomes can come in a range of styles, a larger high-rise building with units on each floor or a garden complex of one-story units. Townhomes have been around for almost centuries.
Unlike condos, townhomes come with private entrances. Another desirable feature of a townhome is outdoor space. While some townhomes have ground-floor patios, either at the front or the back of the home, others come with a rooftop terrace allowing for a driveway to be built downstairs instead and save space.
Advantages and Disadvantages:
When buying a real estate property, make sure to go through all the advantages of the specific type of house you have chosen. Take advice from experts and then make your decisions. Let’s check townhomes with their pros and cons.
- Cost: If you’re considering a townhome that shares walls with other townhomes, it can be less expensive to buy than a detached single-family home in the same area.
- Maintenance: The smaller size of a townhome means that it requires less maintenance.
- Amenities: Townhomes built as part of development might include amenities such as a pool or clubhouse.
- Outdoor space: Townhomes often come with access to a small amount of outdoor space or a patio and possibly a private garage.
- HOA: Some people don’t like to live with the restrictions put in place by an HOA, which might include rules about what colors of paint you can use on your patio or which types of windows you’re allowed to install.
- Noise: Since you’ll likely be very close to your neighbors, you might have to deal with more noise.
- Multi-floor living: Multi-floor living may not be sustainable for everyone.