3 Points to Consider Before Buying a Townhome
Ready to downsize? Looking for a property that’s maintenance-free? A townhome might be for you. Here are points to consider before buying a townhome.
- Are you ready to share a wall with a neighbor? This may be an unexpected point to consider, but if you’ve spent most of your homeownership years with a lot of space between your house and the neighbors, it’s something to discuss.
- What are your outside space expectations? Many townhomes will feature decks, patios and/or small yards, but some will not. Think about how much you spend your leisure time outside, and whether the townhome complex has green space or nearby parks.
- Do you like the idea of an HOA? Most townhomes will have a homeowners association. For a monthly or annual fee you will receive benefits such as lawn care, a party room or clubhouse, workout center, and monitored security.
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