Real estate professionals always have a wide range of proposals for their clients. Depending on a client’s budget, they offer possible options to satisfy their needs.
Nowadays, one of the most popular choices is buying a townhouse. According to the National Association of Home Builders, township construction rose by 17% during the last few years. Besides, the Association reports that the average price of a townhouse is around $198,000, of course, depending on the location.
What is a townhouse?
It is a tall terraced house, usually narrow, however, it depends on design and construction. The tradition of building a townhouse goes back to English architecture, and today it’s a single-family house with usually two floors. Thus, each townhouse is a property of one family, unlike duplexes and fourplexes.
For sure, a townhouse is a very good option for families who are about to buy their first home. It’s more affordable compared to a detached house, and it’s a good choice for those who prefer a house over an apartment but have limited finances.
But, of course, there are always two sides of one coin. And if you’re considering to buy a townhouse, you’re probably wondering about all pros and cons to make sure that your purchase is well-conceived. So, without further ado, we’ve prepared the full list of pros and cons of buying a townhouse to help you make the right choice.
Compared to a detached house, a townhouse is way cheaper. Of course, there are several states in the U.S., for instance, where townhouses and homes are more expensive compared to other states, like Utah, Delaware, and Washington. But the average price is about $150,000 and more. Thus, it’s a great choice for families who want to own their own home but aren’t fond of living in an apartment.
Enough Living Space
Townhouses are rather spacious. The average size of a townhouse is 204 square meters, which is enough space for a family with two children. They usually have 2 floors, 3 bedrooms and 2 bathrooms in general. Thus, you will have enough space and won’t have to rent extra storage space for your stuff.
As many detached houses are located in the suburbs, many townhouses are actually located in the town or a city itself. In New York City, one of the hottest neighborhoods with townhouses are located in Brooklyn. Townhouses are a great addition to the city’s architecture, but also benefit from the city’s infrastructure, have all necessary stores around and aren’t far from hospitals and community buildings.
Thus, for people, who don’t want to move far away from the city, townhouses are a great choice.
If you’re lucky to have quite friendly neighbors, you’re very lucky to have your privacy. Townhouses are spacious and are excellent for a young family that wants to live separately in their own house. Compared to apartment buildings, where you’re often under the strict control of a concierge, townhouse will be a haven for your privacy.
High Home Maintenance Fees
Homeowner’s Association (HOA) is an organization responsible for maintaining the house to make sure that it looks and functions great. Average HOA fees are about $300-400 per month and include such services as landscaping, maintaining utilities and some others.
Before buying a townhouse, make sure that you study this issue and find out the whole range of services included in the HOA fees. The prices should be justified by the quality of services, so you can also ask your future neighbors about it if the townhouse is already built and put in commission.
In this case, townhouses can be compared to an apartment building. You share a wall with your neighbors who can be rather noisy. It can be a real disadvantage, especially if you work at home. Some people, for example, professional essay writers, need silence to concentrate on their work. In this case, neighbors can be a real distraction, whether you’re sitting at home or on a bench in the yard behind the house.
Even though townhouses are usually very spacious, they often don’t have enough space for setting up a big cozy yard. Often, they also don’t have enough space for parking a car, but it depends on the design of a townhouse itself, as some build the garage under the townhouse.
Still, compared to a detached house, the area around a townhouse doesn’t allow the owners to have a big yard or even a small garden.
Some Unpleasant Limitations
Some HOA demands may upset you when buying a townhouse. For example, HOAs don’t allow townhouse owners to have particular pets at home, so you won’t be able to walk your dog around the yard. So if you own pets, make sure that there are no such strict demands, or find out whether there are some parks nearby where dogs other pets are allowed.
Also, some HOAs don’t allow townhouse owners to re-design their house from outside and change the initial construction design, re-paint the house or make changes to the landscape. So it’s necessary to find out before such limitations before you buy a townhouse.
To top it all…
Townhouses are very comfortable and spacious, and these main advantages attract a lot of investors. However, in case of buying any real estate, it is necessary to check every small detail to make sure that it will be comfortable to live in.