Have you found a townhome in your search for the perfect dwelling? Don't be scared off by common myths about these valuable properties. Here is a look at some myths about townhomes and the facts you should know.
Myth: Townhomes are far more expensive than single-family dwellings.
The opposite is true. Most townhomes are cheaper in purchase price than a single-family home when it comes to the baseline asking price. You have to keep in mind that with townhomes, you may only be buying the interior walls and the inside of the house; you won't be paying for the outlying property the townhome sits upon. This can naturally mean a lower price. If the townhome is part of an HOA, there may be annual dues required to live in the property after it is purchased, however.
Myth: These homes don't work well for families.
On the contrary, townhouses can be effective dwellings for families. This myth stems from the fact that some townhomes share exterior walls with surrounding units. Despite this fact, townhomes tend to be incredibly private and quiet. Walls are often outfitted with soundproofing insulation to combat any transfer of noise. Further, townhomes are often in nice, family-oriented neighborhoods, the properties often come along with outdoor living space, and the two-story design offers ample space for children.
Myth: Townhomes for sale usually come along with a lot of pricey amenities.
Townhomes and condominiums often have their attributes mixed up, and this myth is the perfect example of that fact. Townhomes do not typically have a lot of included amenities if any at all, but condos usually do. The only way a townhome would come with outlying amenities is if it is situated in a neighborhood that is governed by an HOA, and the HOA has implemented neighborhood amenities that are paid for by annual dues residents have to pay.
Myth: You can't find townhomes in rural settings.
Yes, townhomes do work well in urban settings, and city areas are where the majority of these homes are found. However, the popularity of some rural areas has led to full-on neighborhoods being developed in country areas that are completely created out of townhomes. These houses take up only a small footprint on a piece of land, which means more homes can be built in a single area, and that attribute can be desirable anywhere there is a high demand for housing, city, or country.