Townhouses, the best of both worlds

Row houses, often referred to as townhouses, offer the space of a house with the convenience of an apartment. This makes townhome living a great option for singles, couples, and families.

Deciding which option is best depends on the necessities and luxuries a person wants. One of the advantages of apartment living is that you don’t have to worry about maintenance or lawn care. A townhome 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 in which the house is located, there may still be an HOA fee, but it will not be as high as the HOA fee for a townhouse.

Many townhouses are designed with three levels to provide space comparable to that of a house. The cost of living in a row house 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 townhouse will ultimately cost more. Townhomes share a common wall, but depending on the quality and thickness of the wall, hearing what’s going on next door shouldn’t be a problem.

The common wall makes living in a townhome similar to living in an apartment, but you won’t have to worry about noisy neighbors upstairs or neighbors downstairs.

Another quality that distinguishes a townhome from an apartment is the deck or patio space offered. Grilling on a beautiful day, or just kicking back and enjoying a quiet evening, becomes so much easier when you have a deck.

What really separates townhomes from apartments is the option to buy. Renting an apartment is feasible 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’s high on your checklist and make an informed decision.

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