The Buyer's Guide to Real Estate

« Back to Home

Interested In Buying A Townhome? Consider A Few Easily Forgotten Details

Posted on

When you transition from renting to owning a property, you may find yourself facing the question of what type of home you would like to live in. It is possible to choose from options such as a condo, single-family home, multi-family home, co-op, or a townhome. Buying a home gives you a great deal of responsibility as a homeowner whereas a condo minimizes obligations. You can strike an excellent balance of these qualities by deciding to purchase a townhome. But, before you get started with looking at different townhomes, you should know about some easily missed details.

Main Floor Level

It is likely that you will find townhomes that have various levels to them. For instance, one style might have two stories with the main floor being on the bottom. This can also be switched around and the main floor could be up top, so you should take the time to figure out your preference. It might come down to not having any preference at all, or you may like a certain setup and can focus on it while shopping.

Natural Lighting

A condo can have a tough time with natural lighting because of sharing so many walls. The same issue can happen with a townhome, so you should take a look at the sunlight coming in for every townhome. This means you will want to see pictures while the natural light is at its very best. You can get an even better impression by scheduling walk-throughs for various townhomes in the middle of the day. It is important to know that townhomes with stairs will have less lighting dispersing throughout the townhome. But, this may not be a deal breaker, especially if the living room, kitchen, and master bedroom excel in lighting.

Reserve Funds

An easy thing to pay attention to when shopping around for townhomes is the HOA fee. But, you should also take the reserve funds into consideration because they can be of huge importance for your future costs. An HOA needs substantial cash reserves to handle any emergencies that might happen. If you want to avoid a sudden bill to help with an expensive repair, you should find out about the available reserve funds. This is something that you may want to pursue after determining a townhome is worth offering on.

Covering these details should give you a lot more confidence while shopping for a townhome.

Click here if you have more questions about real estate!