Are You Looking for a New Place to Reside? Why Not Try a Townhouse
Owning a piece of land in premium neighborhoods is something most people wish for. However, not many people afford to acquire land to build a house on. After all, purchasing a land is often an expensive project and so is building a house. As a result, people are looking for alternative options to provide shelter for themselves and their families. Perhaps this is the reason why townhouses appeal to many. If you are a new homeowner, a townhouse can serve as a brilliant option, especially if the other housing options doesn’t meet your specific lifestyle needs.
Many times you can find yourself at crossroads trying to choose between single-family homes and condominiums, but in most cases, these two options pose various limitations such as lack of special amenities and the high cost of renting and general maintenance. Forcing you to go on a house shopping spree just to find something that suits your preference. New homes are being developed daily to meet the high demand for housing. However, with the introduction of townhouses, there is a sigh of relief among many as they offer residents with limitless advantages.
It is estimated that 23% percent of millennials consider townhouses as their first housing option. In fact, according to Zillow, 20% of all their clients seek to buy a townhouse. This is just a reflection of how this housing option is taking the luxury real estate market by storm. One important thing about townhouses is that it can offer a feeling of a single family home within an urban center.
Unlike in previous years where townhouses depicted an image of squished and cramped up houses aimed at providing an inexpensive housing solution for many. Nowadays, the architectural design being put in these houses is something similar those of condominiums or single family homes. Not only are they beautiful in their designs, but they are also supported by luxury amenities such as swimming pools, gym, internet connection, emergency maintenance, laundry facility, ample parking among other vital facilities.
New homes built with the concept of townhouses often attract many potential homeowners because they offer value for money, and they provide a decent home for people living and working near urban centers. In addition, townhouses deliver a perfect mix of affordability and privacy at the same time. A typical townhouse feature two entrances, one at the front and at the back with one or two walls separating each room. Although, townhouse tend to differ across cities and regions, especially the new houses that are coming up.
With many luxury new homes mushrooming, the need to offer incentives is on the rising too. Homeowners Association will most likely cover part of the cost incurred to maintain a particular townhouse. This is what a townhouse gives you, shared homeowner responsibility. While most modern townhouses are built to offer the sense of luxury homes, there is a wide selection of models that vary in size you can choose. Finally, unless you are willing to part with cash to buy a townhouse, you will need to secure a mortgage to finance the house. Furthermore, you need to talk with your realtor to get all the details on a particular townhouse you are looking to buy.