Townhomes are catching the eye of many buyers looking for a stylish home close to local amenities. They make excellent use of space, offering lots of square footage within a smaller than average parcel of land.
If you’re looking at townhomes for sale, there are a few things that you should know. These pointers can help you to find townhomes near me that meet your needs and those of your family.
Read on as we dive into five things to know before buying a townhome.
1. Homeowners Associations
New construction townhomes are typically part of a Homeowners Association (HOA). You will pay a monthly charge which covers the cost of maintaining the communal areas of the development.
One HOAs may also cover over forms of maintenance. The terms vary from development to development. When investigating townhomes for sale, find out exactly what the HOA cover.
Ultimately, the goal of the HOA is to keep the development in excellent condition. This not only provides a better environment to live in but helps to protect the resale value of your property.
2. Covenants, Conditions, and Restrictions
Most townhomes and townhome apartments come with covenants, conditions, and restrictions. These are in place to keep the homes in good condition. They also protect the overall look of the development.
While these additional rules may be concerning at first, they actually protect your investment. All owners must follow the same rules, meaning high standards across the board.
3. Exterior or Interior Unit?
The definition of a townhome is a property that is joined to another. This can be either on one side – an end unit. Or it can be one with houses on both sides – an interior unit.
This does not usually affect the interior footprint of the townhome. 3 bedroom townhomes are the most common size, whatever their location.
Luxury townhomes are finished to the same high standard whether they are exterior or interior units. The advantage of an exterior unit is that it comes with a little extra outdoor space. Excellent examples of both are available at hollandhomesllc.com.
This may give you the flexibility to add an exterior feature, such as a deck or patio. Of course, you would need to first check the covenants, conditions, ad restrictions to find out what is permitted.
4. Local Amenities
Townhomes for sale are usually situated close to local amenities. This may include retail facilities, office development, and other transport links.
They often create a suburb close to the heart of the town. This means that you can enjoy suburban living while remaining close to the action.
5. Think About the Future
Townhomes typically occupy a smaller footprint than a traditional home. This means that there are usually lots of internal stairs. While this might keep you fit, you need to think about whether this will work for you long term.
If you’re a young professional, you may enjoy the elevated views. But if you’re a retiree, you may find the stairs become difficult in the future.
Find the Right Townhomes for Sale for You
There are some excellent townhomes for sale right now. They can offer the best of suburban and urban living. Plus the rules protect you and your investment, as well as providing a clean and peaceful ambiance.
Would you like to learn more about how to find the perfect home? Check out what’s new in our House Construction section today!