What is a townhouse?
What is a townhouse? It seems like a pretty straightforward question, but a lot of people are actually mistaken, confusing this type of house with many others. We are here to help you ! So let’s get the ball rolling and help you decide if a townhouse is right for you.
What is a townhouse?
The origins of the word townhouse go back to early England, where the term referred to a dwelling that a family (usually royalty) kept “in town” (i.e. London) when their primary residence was. in the countryside. The word stuck, and today it’s used to describe a wide range of primary residences (rather than just an additional pied-à-terre for the wealthy) all over the world – in other words, not just in the towns.
In the United States, townhouses are defined as single-family dwellings of at least two stories that share a wall with another house. Unlike duplexes or quads, however, each townhouse is individually owned. The main difference between townhouses and townhouses is how they are laid out. Townhouses are, as the name suggests, all lined up in a row, while townhouses are often configured differently.
However, the Census Bureau does not distinguish between the two and classifies them all as townhouses. They show that townhouses and townhouses account for about 5.6% of the Housing inventory in the United States but were most popular in 1940, when they made up 7.6% of the inventory.
Where to find townhouses
Townhouses are more common in areas where land is scarce and house prices high. Since townhouses share walls with neighbors, they make the most of the space they have, making them a bargain compared to freestanding single family homes.
“There are parts of the county where you don’t see all the townhouses, usually where the land is openly available,” said Robert palmer, financial expert and coordinator of the Radio show to save thousands. “Where you really see used townhouses is in transition zones – areas where you see an urban transfer to the suburbs, before you really enter the sprawling lands of the suburbs. But you’re not necessarily downtown, where you tend to see more condos.
Townhouse vs condo: what’s the difference?
The difference between townhouses and condos is a bit more blurry and depends on the form of ownership, as some townhouses are sold as condos. If you buy a condominium townhouse, you will only own the interior of the building. If you buy it as a townhouse, you can own the property outside as well, although it may be subject to the rules of a homeowners association.
Benefits of townhouse living
One of the advantages of owning a townhouse over a condo is that, since you own the entire property, you are able to make important decisions about your home’s improvements and maintenance.
“If you’re in a condo, there are often strict regulations around these decisions, and you’re stuck being part of the larger group – you can’t make any real decisions about the outside of your unit when it’s there. ‘It’s all about replacements, upgrades and maintenance,’ says Palmer.
Townhouses, on the other hand, give you more freedom without the high maintenance costs of a single-family home. “With a single family home, you are completely on your own and all the maintenance responsibilities rest on your shoulders,” says Palmer. In a way, a townhouse can offer the best of both worlds, he says, “I believe townhouses fill the void, where you get the savings and benefits of being part of the bigger community. and to have this type of attached accommodation, but you are not limited because you would be part of a condominium association.
This winning combination – both mastering your estate (inside and out) with minimal maintenance and low entry costs – makes townhouses perfect for first-time buyers. To find townhouse listings and more, visit realtor.com.