Townhouses are more affordable alternatives to single-family homes and more expansive that apartments and condos. Their ample size and affordability continue to attract budding families into investing and starting their dream home. Even millennials and Gen-Z seekers are drawn to the cost-efficiency and practicality of these attached homes.

But before you bust out your cash and checks, you might want to delve into these six factors that entail buying a townhouse.

Location

Most townhouses are located in booming areas, although you can also find townhomes in suburban areas. Assess which location you want your townhouse to be in, to make it easier for you to scour through the potential cities and towns that offer townhomes for sale.

It is also crucial to determine which part of the neighborhood you want your home to be in. Choose whether you want an inner, end, or corner unit. The location’s difference may anchor on how much space it has and how much greenery is close to the townhouse.

Homeowners’ Association Fees

You might think that buying a townhouse and paying for the mortgage fees are the only thing you pay for after purchasing your property. But because most townhouses are located in private communities, there will most likely be homeowners’ association (HOA) fees that will come with your property.

There are circumstances when HOA fees might not be required, but it is crucial to be ready, especially if you don’t want to go over budget. If you are not quite sure about how HOA fees work, consult with your community’s homeowners’ association board. Knowing the terms of your HOA lets you see how much goes into the community repairs.

Amenities

Most private communities also offer amenities designed for recreation and fun. Before purchasing, explore which neighborhoods have the amenities that you want. You want your townhouse investment to be worth what you have paid for.

For example, PHirst Park Homes in Tanza, Cavite showcases contemporary townhomes that come with a clubhouse, swimming pools, water play area, sports court, pavilion, barbecue area, and parks. Choose a townhome community where you can unwind and relax with resort-like facilities.

Privacy And Neighbors

Living in a townhouse unit may entail less privacy, and perhaps you may have to deal with your neighbors’ issues, such as noise or a leaking pipe that flows your unit. Knowing these things helps you learn more about the neighborhood you plan to move into. Doing so also gives you time to discuss possible repairs and improvements with the HOA, such as soundproofing.

Repairs And Renovations

Speaking of repairs and maintenance, thoroughly inspect if the unit you are eyeing is free from leaking pipes, chipping wall paint, uneven floor tiles, and other hazards. You wouldn’t want to spend more than your budget covering repairs.

Inspecting your preferred townhouse units also gives you time to think about what renovations are allowed by the HOA.

Rules And Regulations

Other than HOA fees, your potential townhouse community may have stricter regulations than other neighborhoods. These may include pet restrictions, viewing past HOA meeting minutes, community events, and whether you can rent out your unit. It is best to consult your real estate agent and townhouse community representative about these matters to avoid misunderstandings.

As a whole, living in a townhouse unit has pros and cons. Consider these six things before buying your desired townhouse unit to assess whether the pros outweigh the cons, or if townhouse living suits you.