Many people have heard of town homes, and here is what the majority of people know; Town Homes are magnified apartments. Though they aren't stacked upon one another, they are squished together side by side. Most townhomes are ruled by a homeowners association. This is a blessing and a curse. They make sure everyone is taking care of their property, but can tend to go over board with rules.
It turns out, the majority of us don't know a whole lot about townhomes and the differences they share with condos, apartments, and houses. One way a townhome differs from a condo is owning a condo means you own the airspace within the walls of that condo and owning a townhome means you own the small portion of property that townhome sits on. So if you desire to own a piece of land on this beautiful earth, you may want to consider a townhouse.
Townhomes are often found in desireable neighborhoods showing a growth in the real estate market. This could be a great solution for a first time homeowner looking to get their feet wet in the real estate market. It feels like a single family home in a nice neighborhood, however, before diving all the way in it is best to educate yourself about all things townhouse.
The Convenience of a Condo with a Single Family Home Feel
Townhomes can offer the perfect amount of privacy and affordability that someone is looking for. Living close to nice urban centers, yet living in a home that fits your budget could be the perfect solution. If you are looking for a townhome that can fit more than a single family, these can get expensive and rare. A townhome is typically multi-leveled, with a couple shared walls. There are free standing townhouses available, but the majority are whole blocks of row-houses.
REMEMBER: The HOA that often comes along with townhouses can be a positive and negative. This can assist with ground maintenance, amongst other amenities, but keep in mind that with HOA you typically lose some control.