There are those who think that houses are too spacious to handle and condos are a tight fit, and these people are the ones who find townhouses to be the best property for them. Still, you need to know that size is not the only important factor to consider when selecting which townhouse to purchase. Keep in mind that the following elements are just as important:
Area
As you drive towards the townhouse for sale you’re about to view, take a 360-degree look at the area surrounding the property. Find out if there are bus stations, major highways and other similar places or infrastructure nearby, which can be a pain to live with. Also, be sure to ask what the crime rate is like in the neighborhood, since this isn’t really something that can be altered at the drop of a hat.
Next-door neighbors
When you get there, see what you can find out about the people you might potentially be moving in next to if you purchase the townhouse. If townhouses have one major issue, it would be noise levels because of the fact that they’re built right next to each other. To determine if you’ll be able to withstand the noise that will come from the neighbors, pay a visit to the available property during the hours when they’re home.
Transport (public or private)
One of the things that you want to avoid when choosing a new place to live in is the idea of spending a lot of money on gas or transportation fare every month, so be sure to get an idea of the distance between the townhouse and the places that you go to regularly, like your job, your kid’s school, grocery stores and the bank.
Neighborhood association
Ask about the rules and regulations that are being implemented by the homeowner’s association of the townhouse. For instance, are they for or against home renovations? Can you keep a pet in your home? How much do they charge for association fees? You can easily avoid problems with the association in the future if you knew the rules before you move in.
Being a landlord
If you are buying a townhouse in order to make money as a landlord, see what the association’s stance is about renting out your property. You need to know if they have certain rules about renting out, such as if you’re allowed to rent out the property as soon as you buy it and if you get to find the tenant for your townhouse.
Purchase price
One of the benefits of buying townhouses is that they cost less than condo units or houses, but you still need to be wary of those that are being sold for too high or too low a price. You can always assume that they are legitimately priced because of factors like where they are located and how old they are, but ask the developer or the seller to confirm this.
The process of searching for and purchasing a townhouse can be too much because of all the available options and all of the considerations you have to think about. If you want to lessen the stress, get a great real estate broker to help you out.
ABOUT THE AUTHOR:
MyProperty.ph is a leading classified ads portal that aims to help people find available properties, from a house for sale to a condo for rent , in the most specific and user-friendly way possible.
It’s great to know how to find a townhome to buy. I like how you said that we need to look at the transportation options we’ll have. We’d love to find one close to stores and my kids’ future school!