All You Need to Know About the Pros and Cons of Buying a Townhouse
A townhouse is a type of terraced housing. The townhouses are multi-floor homes that can share one to two walls with any other adjacent properties, but they have their own entrances. In the suburbs, the townhouse builders often build uniform homes in different designs and constructions. The idea came from the English architectural ideas and became popular in many areas. This kind of living place is a perfect choice for one family.
A townhouse is a good option for families who want to buy a house at a more affordable price. However, there are some disadvantages of going into a townhouse as well. So, if you’re planning to buy a townhouse, you will definitely wonder about all the pros and cons to make sure that your money will not waste. So, here is a list of the pros and cons of buying a townhouse to help you make the right choice.
Pros of Buying a Townhouse
Sufficient Space- The townhouse builders build the townhouses, which have enough space. The common size of a townhouse is about 204 square meters, which is enough area for a family including two children. These houses mainly have two floors, three bedrooms, and two bathrooms. Thus, you will have good space and won’t have to rent extra storage space for your things.
Access to Both Exterior and The Interior- Townhouses are much similar to condominiums, but there is a difference. If you own a condo, then you will have ownership over the interior of the structure. On the other hand, when you purchase a townhouse, then you can also own the exterior as well. There may be rules of an HOA to follow that would not be present otherwise (and the expense of supporting the association itself), but that all works together to ensure that the value of your property can stay high.
Affordable – The townhouses created by the townhouse builders tend to be the most popular in communities where property prices are high but have a short supply of available land. As the townhouse structure shares a wall with your neighbours, they can use most of the space that is available compared to the standard detached one-family home.
Cost-saving option– When you have a single-family house, then you will have to bear with the maintenance responsibilities, and of course, expenses. Townhouses can fill the gap to some extent because there are some cost-savings opportunities to consider. Moreover, as you are sharing one or two walls with the neighbours, therefore, you have to manage fewer expenses.
Cons of Buying a Townhouse
Insufficient space in yards- Even though the townhouses are very spacious, they often don’t have good space for setting up a big backyard. Sometimes, they offer a small area for parking a car. However, this depends on the design of the townhouse, as some townhouse builders build the garage area under the townhouse.
Higher maintenance costs- If you had a detached single-family dwelling, then you will enjoy a better sense of privacy within the house. In that case, you don’t have to share the walls with your neighbours.
On the other hand, although you’ll have to face less maintenance works to manage, they will not eliminate entirely when you choose the option of a townhouse. You might even find that the fees that you pay to support the common areas and structures cost much more than what you might pay with a detached house.
Hiring professional townhouse builders for going into a townhouse can be a very special option to consider if you are a first-time homebuyer or want to downsize. You can still take the benefits of ownership while reducing the amount of maintenance that is necessary to keep your home in good shape and look.