When buying a new home you need to carefully consider what is most important to you. Choosing a home is an important decision and you want to make sure you purchase a home that is right for you.
More and more homebuyers are starting to consider buying or building townhouses over other property types. Smaller than a house but larger than an apartment, a townhouse typically consists of two or more stories. An attached home that shares a common wall with the neighbour, and often with a shared driveway and nature strip, a townhouse can be a great option for homebuyers.
Townhouse living provides numerous benefits to homeowners, but the question is, is it right for you?
What are your priorities?
Everyone has different priorities when it comes to their dream home. When considering whether a townhouse is right for you, you may want to make a list of the must-haves you want from your home, to help you make the right choice.
When buying or building a new home, a key consideration should always be whether it provides the necessary room for your family. Depending on whether you’re a single, couple, or family group, your space requirements may differ. While smaller than a detached house, townhouses make the most of the land they sit on maximising interior space, though this may mean there isn’t much space left for you to add to your home down the road.
Many people, when looking for their future home may be wanting more outdoor space. Consider if this is important to you, as townhouses generally don’t include a large outdoor space. Do you want off-street parking, with a private garage? Townhouses generally have a single-car garage, though you may be sharing the driveway with your neighbour.
If you value privacy and quiet, townhouses can offer more privacy than apartment living, while still being close to amenities.
The modern design of newer townhouses will appeal to those who prefer a clean and minimal aesthetic. If you buy land to build a townhouse on, you can work alongside your builder to create a home design perfectly suited to your needs and preferences.
Does it fit with your budget?
Buying or building a home is a significant financial investment. You need to work out your budget and know what you can afford before you go looking at property, then you can work out how much of a deposit you need to save.
Housing prices can seem overwhelming, especially to first-time buyers looking to get a step onto the property ladder. A townhouse will usually be more affordable than a standalone house within the same area, so it can be a good option for first-time buyers or investors. Townhouses also generally increase in value, so you should be able to benefit from a good resale price.
Choosing a townhouse is cost-effective for those wanting to live in a particular location that may be otherwise outside your budget. They provide good value for money and you may find they fit more easily within your budget.
Something to be aware of is that if you buy a townhouse that is part of a strata title, you will have ownership over the house, but not the land itself. You will also have shared ownership over the common property which may include the driveway and garden. If buying into a strata title, you should be aware of your responsibilities and any associated fees.
If you buy a townhouse that is part of a community title, it means you have ownership over the house and the land.
Does it support your lifestyle?
When looking at buying or building your future home, you need to consider your lifestyle, or desired lifestyle, and what type of home will suit you best.
Location can be an important factor if you’re seeking a certain lifestyle. If you have a growing family or are planning for one in the future, you may want to be close to good schools. If you have an active lifestyle, you may want to be close to parks, bike trails and sporting facilities.
Often built in thriving areas that are in high demand for many home buyers, townhouses are close to schools, parks, shops, cafes, and public transport. This also makes them a good investment opportunity, as they are built in areas with high growth potential. Clyde North house and land properties are available to build your own townhouse or find one ready-built that is perfect for you and your family.
Townhouses are multi-story buildings. If you’re older or have a disability, or even for young children, a home with stairs may not be the most suitable option for your comfort. It can also provide an additional challenge when moving your furniture in and out.
Townhouses generally require little maintenance as they are often newer builds, with smaller yards and gardens to care for. As they are smaller than stand-alone homes, there will be less time spent cleaning, making a townhouse ideal for those wanting a low maintenance lifestyle.
If looking at Clyde North house and land for sale, there are land opportunities for building a townhouse that will give you the lifestyle you want.