Townhome Style Homes
Listing information last updated on April 7, 2020 at 8:45 PM EST.
The Townhome - Attached Single Family Homes
Traditional Townhouses, or Townhomes, are typically situated in urban areas where detached single family homes are uncommon or non-existent, and ownership of one, especially in years past, implied wealth.
A Townhome is basically a multi-story dwelling attached to one or more additional homes, where buying one includes the land, unlike that of buying a condominium. The Townhome predates the automobile, and the small footprint of the home allows it to be within walking distance of business & industrial areas. Yet, luxurious enough for the affluent residents of the city.
Communities of Townhomes are often found throughout large cities such as New York, Chicago, Boston, Atlanta, Philadelphia, Washington DC, and San Francisco. A brownstone is a particular variety of Townhome, typically found in New York.
Common Characteristics & Features Of The Townhouse
- Street parking, assigned parking, parking pad or drive under garage
- Private entrance
- Several stories within the unit
- Many sets of stairs connecting each level
- Small area of land or patio in the front and rear of the house
- One or more fireplaces
- Community Covenants and Bylaws governing use of the property
- Rental & use restrictions along with architectural requirements and maintenance standards
- Covenants, bylaws and use restrictions
- Homeowners association with monthly dues covering things like: management fees, common area maintenance & insurance, amenities and general operating costs
More About The Townhome
With their city locations, purchasing a traditional Townhome can be quite pricy, yet if you’re able to afford one, the benefits of being in the heart of the city are priceless. The townhouse condominium is also quite common in the suburbs, but unlike traditional Townhomes, they typically come with amenities, such as pools and tennis courts, which requires homeowner association fees to maintain these common areas.
They can be ideal for a family due to their spaciousness and multiple levels. However, seniors may not like them because of all the stairs. Because of their age, a traditional townhouse should be thoroughly inspected prior to purchase. Unlike a condo, the homeowner is fully responsible for the unit’s maintenance, both inside and out.
Renovations & Investment Property
With regard to renovations, you’ll want to check to see if the townhouse is in a landmark district or located in a community with architectural restrictions. If so, you'll need to submit a formal request to make changes to the exterior and sometimes with changes to the interior.
The Townhome ranks high on the list of investment choices for many buyers, because the potential of earning profits from these houses as rentals is enormous. Just make sure to verify whether or not there are rental restrictions, as many communities have waiting lists for rental eligibility. Regardless, owning a traditional townhouse is an ideal way to enjoy the excitement of the big city knowing the comfort of your very own home is just steps away.