LETS TALK ABOUT TOWNHOUSES 

In this article, we are going to dive into the pros and cons of owning a townhouse. Before we begin, let’s first explain what this type of real estate property is and discuss its individual characteristics. As a homebuyer, it is very vital you make the necessary research before going to see what the market has to offer. This helps you be a little more decisive in your purchase since you already know what you’re searching for. 

Before contacting your real estate agent for any type of assistance when you’re in the process of acquiring a property, it is important for you to make your own research. This will be due diligence on your part and will make the closing of the deal very smooth and stress free. Also it is very vital to involve a real estate lawyer in Newmarket in your transaction since the buying and selling of real estate properties involve a lot of paper work and legal documentation.

THE DEFINITION OF A  TOWNHOUSE

 A townhouse or a townhome can simply be described as a housing style which has several identical homes built on the same piece of land and divided by a wall. These houses are usually built in a row. Unlike condominium owners who own only the interior of their properties, townhouse owners own both the exterior and interior of their property.

Townhouses are considered to be the perfect single family homes. Townhomes come with a front yard as well as a back yard. This gives the inhabitants plenty of outdoor space as well as privacy. Most families prefer to live in townhomes simply because of its independent feel and freedom associated with this type of property. 

When it comes to the cost to maintain a townhome, they can sometimes be a bit steep especially if it’s an old property in need of renovation. New townhouse owners don’t usually know the amount of money that goes into renovating a newly purchase townhome and get overwhelmed after the purchase. This is why it is vital to make your research before making any big decisions.

 

THE PROS OF OWNING A TOWNHOUSE:

• Complete autonomy: Inhabitants of townhomes usually have the complete freedom to whatever changes they deem fit to their property without any external problems. Townhouses are built as detached homes which means that, its owners can make renovations both in the interior and exterior part of the property. This is why townhomes are the favourite choice of property for most home buyers. Home owners are free to customise and personalise their homes however they want with no external problems.
• High value: Townhomes are known to always have a higher sale value in the real estate market since the demand for them is usually high. The common characteristic of a townhome is freedom and also peace. This makes home buyers very interested in acquiring this type of properties. 

THE CONS OF OWNING A TOWNHOUSE:

• High level of responsibility: Inhabitants of townhouses have a higher sense of responsibility when living in townhomes. Unlike living in apartment complexes or condos where maintenance work is done by the maintenance department, people living in townhomes will have to perform these tasks by themselves. These tasks include everything from plumbing issues to lawn works.
• Security: Townhomes which are usually built with their doors and windows facing the streets are usually not deemed safe. Townhomes unlike apartment complexes or condominiums don’t have 24hour securities. And also buying and installing a security system can also be pricey.