Wednesday, February 26, 2014

Investing in a townhouse

Halfway between a condo and a detached home, a townhouse offers the best of both worlds - the convenience of a condo and the privacy of a detached home. Check out these characteristics of a townhouse, and consider a townhouse for your home purchase.

Usually, a townhouse comprises of two to three floors and is attached to a neighboring townhouse on one or both sides of your home. This means the property shares walls, floors and ceilings with the neighboring houses.

Structure

Usually, a townhouse comprises of two to three floors and is attached to a neighboring townhouse on one or both sides of your home. This means the property shares walls, floors and ceilings with the neighboring houses.

Parking

Townhouses don't have their own gates, but are usually designed with parking spaces or attached garages on the ground floor. This provides easy access to your car compared to a condo unit where parking spaces are on another floor or in another building. 

Privacy

A townhouse provides less privacy than a detached house, however, it is generally more private than a condo unit, as townhouse communities typically have fewer units than a condominium building. 

Homeowner’s association

Townhouses are usually part of subdivisions with homeowner’s associations. A regular monthly fee will be required for the upkeep and maintenance of all common areas and facilities in the subdivision. Beforemaking the decision to buy this type of home, you should consider these overhead expenses.

Neighborhood

Some townhouses are part of a subdivision or a gated community with private roads and other amenities such as parks and pools. This can be added perks that you or your kids can enjoy.

Security

Since most townhouses are part of a gated community, you don’t have to worry about security.


Previous Next

Share
Email

Top Articles

Small spaces: Decor t...
Need a little more leg space in your living room? Use scaled-down sofas, arrang...
Home decor: Tips to c...
Even if you’re on a tight budget, it’s possible to completely transform a room ...
Buying Lots in Valenz...
Our partner is buying several properties in areas in Valenzuela, Quezon City, B...
Tips for designing th...
With imagination and clever design, you can encourage your family to spend more...
Buying Lots in QC, Va...
Our partner is buying several properties in Quezon City, as well as the cities ...
More property news...