Plus, even within a tight community, sharing walls with other people implies less privacy. Also, as part of the homeowner’s association, townhome owners are required to pay monthly fees and must adhere to specific rules and restrictions regarding building aesthetics, pet ownership, renting out the unit and visitors. As opposed to a condo, townhomes do include private outdoor spaces, but these are generally not that ample.
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What are the cons of buying a townhouse?There are also some downsides to buying a townhouse. While single family homes are generally in more secluded areas, townhomes are either in the city or on the border with the suburbs, usually in desired locations. Being part of a townhouse development may also include access to shared amenities (such as a pool, exercise facilities, play areas for kids, etc.), which can give residents an excellent sense of community. Generally, townhomes are part of a homeowner’s association, which usually takes care of outdoor area maintenance and covers services like waste management, pest control, etc. They can also provide a large amount of total living space on the many stacked levels and often include a basement and a garage. For example, by occupying a smaller footprint and sharing walls, townhouses are less expensive to build and, thus, more affordable than standalone houses. What are the pros of buying a townhouse?There are many advantages to buying a townhome for sale. Taking up vertical space, they basically represent a middle ground between condos and single family/semi-detached homes. Frequently Asked Questions What is a townhouse?Townhouses are residential buildings that share one or two walls with adjacent properties and include multiple levels.