Maximize the perks of a townhouse lifestyle
Townhouse living is experiencing a resurgence, and many people may be surprised to find how this lifestyle choice fits with their home ownership goals.
Townhouses are a great way to get the benefits of single-family living without all of the responsibility of having a detached property — typically at a more affordable price. Realtor.com indicates that the median prices for townhomes and row homes in the United States in September 2016 was $198,000.
Townhomes are now the fastest-growing segment of the single-family housing construction market, according to the National Association of Home Builders, a trade group based in Washington, D.C. According to the most recent data available, townhouse construction was up 17.8 percent between 2014 and 2015.
Although various styles of homes and apartments have their pros and cons, townhouse communities have much to offer and can be the way to go for busy professionals or people who live active lifestyles. Here is a look at some of the benefits of living in a townhome.
Unlike an apartment, townhome residents own their homes and the land they’re built on, according to the lifestyle resource The Nest.
Spacious square footage
Townhouse builders are masters at maximizing interior space through innovative design. Depending on where you live, a simple search on Trulia or Zillow can yield many townhomes that boast anywhere from 1,500- to 3,000-square-foot townhomes with three or more bedrooms.
Townhouse communities often collect a maintenance or homeowner’s association fee each month that covers upkeep of the grounds. Depending on the area, this fee may cover the cost of leaf and snow removal, landscaping and pool maintenance. That gives homeowners more time to relax on weekends.
Many townhouse communities are now designed with lifestyle in mind. Modern townhouses may have tennis courts, resort-style swimming pools, fitness centers, walking trails, and children’s playgrounds right on the premises. In addition to the parks and fitness areas, many of these communities have common areas and green spaces that enable residents to meet and socialize. This affords townhome residents ample opportunities to socialize.
Proximity to town
Whether they’re in the city or suburbs, townhouse communities tend to be built in booming areas that are close to trendy towns, shopping, metro hubs, and good schools.
Townhomes boast many advantages and should be given ample consideration by prospective home buyers.