When you're looking for a home anywhere in the world you will be presented with several different properties currently on the market. Some might be interested in million-dollar estates in Dubai while others are looking for more modest accommodations in Canada. Before you can find the perfect home anywhere you need to know what your choices might be in terms of design. This article will tell you all about townhomes.
Townhomes, or townhouses, are becoming very popular in urban areas and surrounding communities. They are usually multi-level properties that share part of the complete building with other units. You will find many in a variety of styles when looking at property listings, with some of them being part of condominium complexes and others being independently owned by each person within the entire building.
The main benefit of choosing to purchase a townhome opposed to a single-family home with your real estate agent is that they are usually a more affordable option. You also do not have any neighbors above and below you the way that you would with a standard high-rise building full of condos. Those that are offered as part of condo complexes can also give you some of the same benefits. When you're putting money towards your HOA or condo fees you are in turn no longer solely responsible for the maintenance and repairs on the property and are generally offered some amenities. This could include a community pool or even an entire recreational building within the estate property that is meant for the use of the residents.
While there are many great things about living in a townhouse, this is not the right living choice for everyone. With shared walls there is the risk that you will need to deal with noisy neighbors and are not given the optimal level of privacy. There are also those that might find that the HOA fees are more than they are willing to pay for the amount that they will use the available amenities. Most townhomes don't give you as much of a yard as you would get with single-family homes and you might find that the layout is a little odd, with up to three or four floors in the unit.
If you're interested in living in the downtown core of a city and want something affordable than you should definitely see if living in a townhome is a possibility for you. You will find that there are several available in most cities and towns.
We would like to thank Patrick Rocca for providing real estate information for this page.