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The Top 3 Perks Of Buying A Townhome Instead Of A Single-Family Home

Cody Day

Choosing a home to purchase is not always an easy decision, especially if you are still trying to figure out what type of home structure to buy. As you start looking, you might want to consider a townhome. Townhomes offer some significant perks over single-family homes, and here are three that you should understand.

The Costs

Affordability is always something to consider when buying a home. Home prices tend to vary significantly. You can find low-priced homes and luxury homes, and the prices can range from affordable to costly. The good news about townhomes is that they are generally more affordable than single-family homes. While the prices of townhomes vary, the price range is not as wide. Townhomes, on average, cost less than comparable single-family homes. You can buy a townhouse cheaper, mainly because it shares walls with other units. Less material means a lower cost.

The Maintenance

The second perk of owning a townhouse is the lower amount of  maintenance you must perform. Most townhomes fall into the "maintenance-free" category of housing. A maintenance-free house is not a house that will never need work. Instead, it is a house that includes the work it needs.

Owning a townhouse means that you become part of a homeowner's association (HOA). While you must pay the HOA monthly, they will take care of the maintenance of your property. They will mow the yard, remove the snow from the parking lot, and replace the roof when needed. You will not have to do a thing. People love this feature about townhouses when they live busy lives and do not have time to work around their homes. People also love this feature when they physically cannot handle doing work around their homes.

You Keep Your Freedom

Many people think that townhomes are the same as condos, but this is not true. One significant difference between a condo and a townhouse is that you have more freedom with a townhouse. While you do not own the outside of the townhouse you buy, you own the inside of it and can make any changes you want. When you own a condo, you also own the inside, but you have might restrictions on what you can and cannot do to the inside of the unit.

If you are interested in viewing townhomes or other home types, talk to a local real estate agent to set up viewings on properties you like.


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Your Home for Real Estate Information

This website can serve as your home for information about real estate. Here, you will find articles about the buying process and others on the selling process. We've also included content related to getting a mortgage, finding a real estate agent, and scheduling an inspection. We hope that by addressing all aspects of the real estate world, we will make you better prepared to handle any real estate transactions that might be in your future. After all, real estate can be a really smart investment, but only if you buy the right home and know how much to offer. Start reading, and enjoy what you find.