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The Benefits Of Townhomes

All of us dream of owning a home. Although a lot have achieved this dream, there are still some who haven’t. One reason is that buying a single-family home is a costly investment. But even if the prices of homes have gone down, most potential home owners don’t have the money to pay for a downpayment. Since single family homes can be costly , many people opt for building equity on a smaller property like townhomes. Townhomes are actually great form of investment as an alternative to single family homes.

Townhomes are situated in urban areas.  They are basically multistory dwellings attached to one or more additional homes where purchase includes the land unlike that of buying a condominium. It also offers less responsibility for exterior maintenance, repairs, and lawn care unlike in single-family homes. However, they offer less privacy because owners share lawns or other amenities such as swimming pools especially in larger complexes. Anyway, thehomeowner’s association is in charge of the external maintenance fees and other shared services by the residents.

The following are additional benefits of townhome living:

1. Enjoy the benefits of a single-family home from living in a townhome at a much cheaper value.

2. You don’t just own the unit, but the land as well.

3. You don’t need extra work for maintenance because for onw, the homeowner’s asscociation pays for it and the place is small.

4. A major plus in living in a townhome is that it offers facilities and services where residents can relax and enjoy after a tiring work.

5. Ideal place for socialization and bonding. You’ll definitely have a good time getting to know your neighbors with ease.

6. Since it is located in urban areas, you’ll save time and effort in going to places. Perhaps your workplace is just near so that would mean you can spend less for your travel expenses.

Townhomes have a lot of advantages. So, if you think a townhome fits for you, visit Palatine Illinois Homes for Sale for a great townhome living experience.

 

About the author

Sherry Fields Sherry Fields has been working in real estate since 2002. Working with the development team for the Hilton Garden Inn gave her strategic information on the commercial real estate market in Missoula. Broadening her scope she moved into the residential market and earned the designation SFR in short sales and foreclosures. Currently affiliated with Prudential Montana Real Estate, she works with both buyers and sellers "building relationships so you can buy & sell with confidence". Sherry Fields has recently earned the CREN designation - Certified Real Estate Negotiator. While price is a large part of negotiation - it is also about timing everything from the closing date to inspections, appraisals, home insurance - and it is about negotiating items that can show up in home inspections to achieve a mutually acceptable outcome.

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