If you’re currently thinking about buying a home, you might want to consider the benefits of living in an attached townhome. Attached townhomes are no longer considered to be “starter” homes — they are luxurious, dynamic options that have a lot to offer.
More Affordable Than a Single-Family Home
Naturally one of the major benefits to an attached townhome is that it’s more affordable than a single-family home. But this goes beyond raw price. An attached townhome costs less regarding property taxes, maintenance, and insurance. All of your monthly costs will be reduced — and that means you can spend more money on your lifestyle, career, children, and savings. A townhome is more economical than a single-family home and also allows you to purchase property in more expensive areas without having to increase your own expenditures.
Increased Safety and Proactive Maintenance
Townhomes and townhome developments are safer than single-family homes due to the increased security around the neighborhood. That makes them ideal for those looking for a family-friendly community. When you live in a townhome, you know your neighbors and can reach out to them if suspicious activity occurs. You can invest in security measures for the entire neighborhood rather than your home and setup community systems such as neighborhood watch or contracted security measures.
Townhomes also complete their own proactive maintenance, so you aren’t solely responsible for maintenance and upkeep like you would be responsible for a single-family home. Things such as shared landscaping and exterior features have the cost and the maintenance split between owners, which can be substantially less of a burden.
The Benefits of a Homeowner’s Association
If you want your property to grow in value, you want a homeowner’s association. A homeowner’s association will ensure that all of your neighbors are maintaining their property as they should and that’s important. A homeowner’s association is dedicated to not only maintaining the common areas but also the value of the properties around you so that the value of your property isn’t adversely impacted. If you eventually want to sell your home (or you just see your home as an investment), an HOA has substantial benefits.
Modern and Contemporary Living
The way we view properties is now shifting. Townhomes are being seen as a modern, contemporary space for those who want a blend of suburban and metropolitan life. To that end, townhomes have now been designed to be luxurious, technologically-advanced, and forward thinking. There are amenities in townhome communities, such as The Retreat at Lake Medina and Arrington Village, that would otherwise be prohibitively expensive when included in a single-family or luxury property. Purchasing a townhome means that you can be open to these otherwise expensive amenities.
Townhomes are rapidly becoming the new single-family home. They have a lot of benefits, especially for families that are just getting started or busy professionals who want a beautiful home without a lot of upkeep. For more information about townhomes and real estate trends, contact us!