Real Estate

Townhomes, the best of both worlds

Townhouses, often referred to as townhouses, offer the space of a home with the comfort of an apartment. This makes living in a townhouse a great option for singles, couples, and families.

Deciding which option is the best depends on the needs and luxuries that a person wants. One of the benefits of apartment living is that you don’t have to worry about lawn care or maintenance. A townhome offers the same benefits thanks to the Homeowners Association fee that you will have to pay, but you have the option to buy it.

Living in a home can mean having the space to do anything from starting a small home business to starting a family. However, owning more land carries more overhead, which is why houses are more expensive than an apartment or townhouse. Depending on the community the home is in, there may still be an HOA rate, but it will not be as high as the HOA rate for a townhome.

Many townhomes are designed on three levels to provide space comparable to that of a home. The cost of living in a townhouse is not as expensive as living in a house if your standards are kept consistent.

This means that a house in the same general area as a townhouse will ultimately cost more. Townhouses share a common wall, but depending on the quality and thickness of the wall, hearing what’s happening next to it shouldn’t be a problem.

The common wall makes living in a townhouse similar to living in an apartment, but you won’t have to worry about noisy neighbors upstairs or anyone living below.

Another quality that distinguishes a townhouse from an apartment is the terrace or patio space on offer. Breaking the grill on a beautiful day or just relaxing and enjoying a quiet evening becomes so much easier when you have a deck.

What really separates the townhomes from the apartments is the option to purchase. Renting an apartment is viable depending on your situation, but owning a property is an investment that pays off over time.

Deciding which option makes the most sense depends on multiple factors including: income, family size, propensity to own rather than rent, and lifestyle. A townhouse could be a happy middle ground.

Find out what ranks first on your checklist and make an informed decision.

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