Attached houses refer to those dwellings that are structurally attached to another unit or units in a row. These properties can be built together with other structures forming multiple units, duplexes or triplexes and can also have multiple stories within one unit. The difference between a townhouse and a condo is that in a townhouse, you also own the land it sits on, whereas that is not the case with condominiums. Due to their unique design and structure, investors see enormous potential when investing in these properties.
The Many Benefits of Townhomes
Townhouses are often cheaper than full-size houses. And because of their designs, these houses are easier to maintain and require little repair cost. Since the exterior areas are usually smaller and the interiors are specially designed to conserve space, the maintenance of these homes is quite simple.
Plus, since you own only one unit, there are no neighbors upstairs and downstairs to consider unlike regular condos. And even though you may share a wall with a neighbor, noise is still minimized and privacy is much easier to achieve compared to living within a large building.
Townhouses are also very functional due to their limited spaces and sizes. Because the structure is designed to house an active family, every nook and cranny has been built to accommodate your family’s needs. Most of these houses also have built-in spaces that do double duty and this could be helpful in terms of mobility efficiency.
Another attraction of this type of housing is that being built for families, they are usually located in the best neighborhoods and are located in friendly neighborhoods. Many amenities are just around the corner and if your home is in a multi-unit complex it could also include other facilities such as a swimming pool, community gardens and lawns.
Because of these characteristics, it is not surprising that townhomes rank high in investment property choices for many buyers. The potential to make a profit from these houses as a rental business is huge. With the right advertising skills and maybe some repainting or cosmetic tinkering, you can definitely turn a row house into an ideal home that any family would want.
