Townhomes, often referred to as townhomes, offer the space of a home with the convenience of an apartment. This makes townhome living a great option for singles, couples, and families.
Deciding which option is the best depends on the necessities and luxuries that a person desires. One of the advantages of apartment living is that you don’t have to worry about maintenance or lawn care. A townhouse offers the same benefits thanks to the HOA fee you’ll have to pay, but you have the option to buy it.
Living in a home can mean having the space to do anything from starting a small business out of your home to raising a family. However, owning more land means more overhead, so houses are more expensive than an apartment or townhouse. Depending on the community the home is located in, there may still be an HOA fee, but it won’t be as high as the HOA fee for a townhome.
Many townhomes are designed with three levels to provide a space comparable to that of a house. The cost of living in a townhouse is not as expensive as living in a house if your standards remain constant.
This means that a house in the same general area as a townhome will ultimately cost more. Townhouses share a common wall, but depending on the quality and thickness of the wall, hearing what is going on next door should not be a problem.
The common wall makes living in a townhouse similar to living in an apartment, but you won’t have to worry about noisy neighbors above you or your neighbors downstairs.
Another quality that distinguishes a townhome from an apartment is the deck or patio space offered. Grilling up on a beautiful day, or just kicking back and enjoying a quiet night in, becomes so much easier when you have a deck.
What really separates townhomes from apartments is the option to buy. Renting an apartment is viable depending on your situation, but owning a property is an investment that appreciates over time.
Deciding which option makes the most sense depends on multiple factors including: income, family size, propensity to own versus rent, and lifestyle. A semi-detached house could be a happy medium.
Find out what ranks highest on your checklist and make an informed decision.