Tuesday, June 3, 2014

Townhouse vs single-detached home

Most residential property buyers face having to decide between buying a townhouse or a single-detached home. Both options have their own sets of pros and cons. Weigh up the options to see which suits your needs and preferences best…

Townhouses typically have fewer boundaries between neighboring properties. This may lead to more interactions with neighbors.

Space and structure

The main difference between a townhouse and a single-detached home is their structures. Townhouses are typically built with one or more sides of the house attached to another near-identical house in terms of architectural style and interior floor layout. Some townhouses are also joined together in a row. 

On the other hand, single-detached homes are stand-alone properties, usually with ample outdoor areas and their own gates. 

Privacy and living conditions

The difference in structure makes for different living conditions as well. Since a single-detached home does not have a common wall with another property, there may be more windows that bring in more light and fresh air into the house. Having a common wall with a neighbor will also affect the property owners in terms of privacy and noise levels. 

Neighborhood

Townhouses typically have fewer boundaries between neighboring properties. This may lead to more interactions with neighbors. Some townhouses may have common walkways between or in front of them. 

Observe good etiquette when using these common areas, so as to avoid any disputes with neighbors. Whether you decide to buy a townhouse or single-detached home, both may be part of a subdivision or gated community. Be sure to check the homeowners association rules, restrictions and monthly dues before you buy your chosen property. 

Expenses

If the property is part of a homeowners association, there are corresponding monthly expenses for common facilities and amenities. Both types of properties roughly require similar expenses such as repairs, routine maintenance, gardening and utility bills. 

The cost will largely depend on the size of the property. When it comes to the property price, single-detached homes are typically larger and more expensive than townhouses. However, when looking at properties in different areas or with different developers, the prices may still vary. 


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