Advantages of Living in a Townhouse
Townhome living maybe the impeccable choice for those who are interested in the texture of a single-family home, without all the maintenance responsibilities. Generally, townhomes are built on a small plot of land within a neighbourhood development, consisting of multiple floors, garage, parking spaces, and a shared wall with another home. In most instances, the townhome community is regulated by a homeowners association that sets the rules for the community and is responsible for maintaining some or all of the exterior and shared property. Each owner in the community is a member of the homeowners association and pays a monthly or yearly association fee to help fund their activities. Here are some advantages of living in a townhouse to consider before purchasing your next home:
1. Townhome Residents are Landowners
A townhome and the land it sits on is owned entirely by the homeowner. This small plot of land gives the owner a place to walk a dog, grill outside or have a small garden. Townhouse associations often include lawn maintenance and landscaping in the monthly fee; a convenience for those with an aversion to yard work!
2. Townhome Owners are Responsible for Maintaining Only the Interior of their Homes
Maintenance of a townhouse requires considerably less effort than a single family home. The Homeowners association handles external maintenance and ensures a uniform appearance among all townhouses in the neighbourhood. The homeowners association is also responsible for maintaining parking lots, shared driveways and other common areas . The owner is responsible for all repairs and basic maintenance of the interior of the townhouse
3. The Proximity of Townhouse Neighbours Makes for a Secure Community
Considering residents of townhomes live close together, neighbours tend to get to know each other and feel a sense of protectiveness over each other. Therefore, townhome communities often have enhanced security over single-home communities because neighbours will watch for any unusual noise of activity. Also, townhome developments are usually well-lit and some even have a security gate
4. Townhome Residents Share Common Areas and Amenities All maintained by the Homeowners Association
Many townhome communities feature amenities and common areas made by contractors hired by the homeowners association using association fees maintenance. The amenities may include playgroumds, pools, tennis courts, dog parks, clubhouses and other recreational areas.
5. Townhomes Are Often Less Expensive Then Single-Family Homes In the Same Area
Townhouses have the same financial advantages but are generally less expensive than single- family homes in the same neighbourhoods. Townhome owners also tend to pay lower utility bills because the townhouse shared walls help protect heart loss. And, there is possibly less out of pocket maintenance cost with a townhouse then a single-family home
Townhouse residents enjoy the feel of single-family living often at a lower cost and with much less responsibility for maintenance than a single family house. In urban and densely populated areas where land is at a premium, a townhouse may be the perfect option for small families or empty nestors!
Have Questions regarding Real Estate? The Iris and Evelyn team are here to help! With their countless years of buying and selling Real Estate Properties, their experience and knowledge can help you make the right choice!
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