If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a
🏘 What, Exactly, Is a Townhouse—and Should You Consider Buying One?
Dated: May 10 2022
Views: 34
As a buyer, there are a variety of property types you can purchase. For example, you might buy a single-family home, an apartment, or a condo.
Or, you might buy a townhouse.
Townhouses are a popular property option, particularly for first-time buyers. But a lot of people have questions about townhouses, like what, exactly, are they—and why should someone consider buying one?
If you have questions about whether a townhouse is the right option for you, a recent article from realtor.com answered key questions buyers might have about townhouses, including:
- What is a townhouse? There are a few key characteristics that define townhomes. A townhome is a single-family home that has at least two stories and shares a wall with another home. They’re also individually owned, but part of a larger community of townhouses that are typically part of a homeowner’s association (HOA).
- How is a townhouse different from a condo? While the rules aren’t cut-and-dry (for example, sometimes townhouses are sold as condos), generally, condo owners only own the interior of their home—while townhouse owners typically also own the outside property. (However, it’s worth noting that, depending on the community, townhouse owners may have to follow the HOA’s rules when managing their home’s exterior.)
- What are the benefits to buying a townhouse? Because townhouse owners typically own their complete property, they have more flexibility in customization and upgrades—but because they’re part of a larger community, you don’t have the same kind of maintenance costs or responsibilities of owning a stand-alone home. For many buyers, that’s a win-win!
If you have any further questions or are ready to start your home search, let’s connect today so we can work together to find a home that fits your wants and needs.
Melonie Mickle
Melonie is the founder and President of m2 realty. For over 18 years, she has demonstrated her determination to excel in customer satisfaction as she has served the Triangle. Beginning in the commerci....
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