5 Reasons a Townhome Might Be Right For You
Buying a new home is a big decision and there are many things that should be taken into consideration. Things like cost, maintenance, size, security, and location. Whether you are a first-time home buyer or looking to buy a retirement home, it is important that you weigh your options on what different types of homes have to offer. Below we talk about 5 reasons why buying a townhome might be right for you.
#1: Affordability
Townhomes are often more affordable than most Stand-Alone Homes, which is why it makes them great starter homes for first-time buyers. It allows you the feeling of home without the exponential cost of a larger home, or without the hassle of renting an apartment with variable rates. Townhomes often have a lower home purchase price compared to Stand-Alone Homes. Most townhomes are self-managed, meaning there are no Homeowners Association fees. Buying a townhome allows you to live in communities with higher prices while not having to pay those increased prices.
#2: Low-Maintenance
No home is maintenance free, but living in a townhome offers a lower maintenance lifestyle. Due to townhomes having smaller outdoor space, it significantly lowers the upkeep of elements like landscaping, lawn care and snow removal. Also, property maintenance is lower due to having less siding, roof, foundation, drains, gutters and external pipes. This low maintenance lifestyle is a perfect fit for those just starting out on their home buying journey, or even those looking to buy a retirement home without the hassle of a lot of upkeep. With less maintenance you can spend more time doing the things you love. Whether it be going for a hike, hanging out with friends, or even playing pickleball, without the hassle of constant maintenance, your time is free to do these activities. By choosing the low maintenance lifestyle, you spend less and live more!
#3: Space
Even though townhomes are sometimes smaller than Stand-Alone Homes, they offer a great deal of space compared to apartments. Townhomes often are two-level houses that include more than one bedroom, this allows you space to spread out or even host guests, which you may not get living in an apartment. They give the aesthetics of modern elements, all while maintaining functionality. If you are looking to downsize, a townhome is a perfect option. It gives you all the space you need to live comfortably while also living in a clutter free environment. Regarding storage, besides things like garages, closets, and cabinets, townhomes provide a lot of vertical space to be utilized. Unlike apartments, townhomes also often offer your own personal outdoor space. If you are looking to upgrade from apartment living, or to downsize from a stand-alone home, looking into a townhome might be the right step.
#4: Sense of Community
If you are a person who enjoys the company of people, townhomes are a great way to have your own space while still getting that sense of community. By living in close proximity to your neighbors you are given the opportunity to create friendships. This is also a bonus for things like security and safety. Knowing you have people around you that not only will look out for your well-being, but also the well-being of your home. With this sense of community, you can leave home worry-free knowing you have neighbors keeping an eye on the neighborhood.
#5: Lower Bills
Bills are often a stressor for most people, so why not buy a house that can alleviate some of that stress. With less square footage than some Stand-Alone Homes, things like utility bills are often lower. You can save money on gas, heat, A/C, water, etc., all while still owning your own home.
