If you would like to move to a different home and are considering all your options, you might want to evaluate townhomes in your search. A townhome is not the same thing as a single-family home or a condo, but it has features of both of these options. As you pursue this option, here are some of the benefits and advantages of choosing a townhome over other options.
They cost less than single-family homes
Comparing the costs of different options is always a good idea when shopping for a house, and the good news about townhomes is that they are more affordable than single-family homes. A townhome is a home connected to other homes, like a condo, and it will cost less because it is considered a multi-family home.
They offer more space than condos
In general, you will usually notice that townhomes are more spacious and more private than condos, and this is another benefit you can reap by choosing a townhome. When you shop for townhomes and compare them to condos, you will likely see that it is easier to find townhomes that offer more space and more bedrooms even than condos. While a townhome might not be quite as big as a single-family home, you can find many that are extremely spacious and private.
They are maintenance-free
Another advantage of choosing a townhome is that they are considered maintenance-free homes, just like condos. Townhomes are part of communities managed by a homeowner's association (HOA). Because of this, you will not have to do exterior work on a townhome if you choose to buy one. You will only be responsible for the interior maintenance, yet you might have a small private yard you can use for your own pleasure. In fact, there is a greater chance you will have a yard to use with a townhome versus with a condo.
They offer a good resale value
The other thing to understand is that selling a townhome down the road will likely be relatively easy. Townhomes generally have a good resale value, as many people prefer buying townhomes rather than single-family homes or condos. This means that investing in a townhome is likely a good idea.
If you are interested in finding a townhome to buy, or if you would like to look at other types of homes that are for sale, you should talk to a real estate agent of your choice.