If you are looking to purchase a home for yourself for the first time, you may be stuck on whether you should look into purchasing a single-family home, multi-family home, condo, or a townhouse.
While there are advantages and disadvantages to purchasing each different type of property, there are a lot of benefits to purchasing a townhouse, some of which you may have not considered.
Townhouses differ from single-family homes in the sense that they are attached by a wall or two to their neighboring houses, and they are, for the most part, in gated communities. With the purchase of a townhouse, you do not have as much freedom when it comes to the outside appearance of your home, and you may have a little less privacy than you would if you purchased a single-family home. However, there are tons of benefits to living in one!
Check out some of the advantages of living in a townhouse to see if it might be the best option for you:
1 – You will have access to amenities.
First off, by living in a townhouse, you will automatically have access to all the amenities that come with living in the community. You become part of the homeowner’s association which gives you access to tons of amenities, some of which may include a swimming pool, trails, a clubhouse, fitness centers, and other entertainment facilities. These are all extremely convenient to have just a few steps away from where you live at all times!
2 – You will be close to your neighbors.
If you are moving somewhere new where you do not know a lot of people, purchasing a townhouse is an awesome move to help you get to know people quickly and become closer to your neighbors. Having a great relationship with your neighbors is always comforting and gives you a nice sense of community.
Living in a single-family home still allows you to get to know your neighbors, but you are automatically a bit more secluded and isolated. Not only will you see your neighbors around generally when living in a townhouse, but you will also have many opportunities to get to know them in shared, communal spaces as well as events that the homeowner’s association will put on.
3 – Townhouses are safe and in a gated community.
Did you know that living in one is actually an extremely safe and secure option, especially for first-time homeowners?
Given that the townhouse will be in a gated community, many people opt to purchase townhouses due to the security alone. If you are someone who travels frequently, whether for business or pleasure, this is a great option for you. Because most townhouses have shared walls with neighbors, if any criminal activity occurs, it will not go unnoticed!
4 – They can be more affordable than a single-family home.
Overall, townhouses are more affordable options for people than a single-family home, and in addition, townhouses have lower taxes and insurance costs than a single-family home does.
For the money you are putting into a townhouse, you are getting a ton of value. Even when looking at homeowner’s association fees, you are likely still paying less than you would if you chose to purchase a condo. When paying for a townhouse, the process is similar to the purchase of a single-family home, where you can finance the house or pay upfront.
5 – Overall, they are much lower maintenance.
Not handy? No problem!
By purchasing one and joining the homeowner’s association, you are guaranteeing help with any maintenance issue that you may experience. The homeowner’s association takes care of all issues that may arise as well as upkeep, both inside your home as well as on the exterior, such as landscaping, shoveling, or plowing. In addition, other utilities such as trash service, HVAC inspections, and others are generally included in the purchase.
Neighborhoods Perfect for Townhouse Living
While townhouses offer numerous advantages, their appeal can be further enhanced when situated in the right neighborhood. Here are some neighborhoods where townhouse living shines:
- Bristol, RI Real Estate: Bristol’s coastal charm and historic downtown make it an ideal setting for townhouses. Enjoy the convenience of townhouse living while being steps away from the water and local attractions.
- Warren, RI Real Estate: With its artsy vibe and eclectic mix of shops and restaurants, Warren is perfect for those who want a townhouse in a vibrant community.
- Barrington, RI Real Estate: Known for its top-rated schools and family-friendly environment, Barrington offers townhouse residents a blend of suburban peace with easy access to amenities.
- Tiverton, RI Real Estate: Tiverton’s serene landscapes and proximity to nature reserves make it a haven for townhouse owners who crave outdoor adventures.
- Lakeville, MA Real Estate: With its lakes and recreational areas, Lakeville is ideal for those who want the benefits of townhouse living while being close to water activities.
Choosing a townhouse in these neighborhoods not only provides the inherent advantages of townhouse living but also offers the unique characteristics of each area. Whether it’s coastal views, vibrant communities, or proximity to nature, these neighborhoods enhance the townhouse living experience.
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