One of the most popular property types in US real estate, townhomes are plentiful in this part of the Sunshine State. Take a look at the property specifications to decide whether this kind of house is right for you.
What is a Townhome?
Townhomes are called many other names. There’s the common townhouse. Some states call this property type rowhomes, and in some cases, pied-à-terre. Regardless of the name, all of these share the essential features.
Unlike a condo or an apartment, a townhome is an individually owned unit with at least two floors. It shares one or two walls with another townhome. Under the Census Bureau, a townhome is classified as an attached house, contrary to a single-family home, which is a free-standing dwelling.
Townhomes are usually found in densely populated areas, where land supply is short. This housing type offers the perfect midway point between single-family and condo living.
Is Townhome Living Right for You?
Settling down in a townhome offers many perks. The following will help you decide if this property type is the right fit for you.
- More freedom. Living in a townhome offers more freedom than a condo. Since you own the land the house sits on, you can decide on what to do with the property, from the interior paint to landscaping.
- Less expenses. Townhomes and single-family homes give you freer hand in managing your property. The advantage of living in a townhome, however, is that you don’t need to shell out huge sums of money for the maintenance. Townhome associations usually cover lawn upkeep and landscaping, so you won’t have to worry about these tasks. To be sure, check the local HOA and ask about the services covered in their monthly fees.
- Low-entry costs. If you’re a first-time buyer, a townhome is a great option, especially if you’re looking to live in a densely populated area. Townhomes can cost less than single-family homes but still offer you the same benefits, particularly privacy.
- Great location. Townhomes are usually located in high-density areas. By living in one, you can to enjoy close proximity to service providers, not to mention shops, restaurants, entertainment options, and other attractions.
- You own the land. The most significant difference between townhomes and townhome-style condos is that you are a landowner in the former and only a unit owner in the latter. And with your own land, you get to enjoy extra space for outdoor living, whether for entertainment, gardening, or both.
Find Your Dream Townhome in Florida
For years, David and Allison Estabrooks has been helping home buyers and sellers in the Beaches, Tierra Verde, and St. Petersburg.
This level of experience puts Estabrooks Group in the perfect position to help you look for townhomes for sale in St. Petersburg. Get in touch with David and Allison Estabrooks here. You can also contact them via (727) 460-4061 / (727) 373-8294.