Townhouses
Quick start guide
Definition:
A Townhouse is a type of multi-story home that shares one or more walls with adjacent properties but has its own private entrance and often includes a small front or back yard. Townhouses offer more space and privacy than condos but less maintenance than single-family homes, making them popular in urban and suburban settings.
🔍 Did You Know?
Townhouses are often part of a homeowners association (HOA), which maintains common areas and may enforce rules regarding property upkeep and exterior appearance.
Examples:
Example 1:
A family purchases a three-story townhouse in a gated community with shared amenities like a pool and playground. They enjoy the privacy of a single-family home while sharing walls with their neighbors.
Example 2:
A real estate investor buys a row of townhouses in a newly developed area and rents them out to young professionals, generating steady rental income.
Why It’s Important:
Townhouses provide a balance between affordability, space, and maintenance responsibilities, making them a popular choice for families, first-time buyers, and urban professionals.
Who Should Care:
- Homebuyers looking for more space than a condo but less maintenance than a single-family home.
- Real estate investors interested in low-maintenance rental properties.
- Developers building in urban or suburban areas with high demand for housing.
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