When going through the journey of finding a home, it’s no surprise you’ll want to figure out the right type that works best for you. With plenty to choose from, it can be both an exciting and overwhelming process, especially for first homeowners. You’ll have to weigh your options carefully and assess how they will affect your lifestyle. From those just entering the property market to those searching for an investment opportunity, a popular choice is buying a townhouse as it’s able to accommodate a wide range of occupants. This article will discuss why you should consider townhomes and the unique advantages of townhouse living.
First Home Buyers
For those acquiring a place for the first time and young families looking to settle down, purchasing a townhouse will be a lot more affordable than a stand-alone dwelling. This would mean being able to secure a home right away and without the hassle of waiting a while to move in. As the family grows, a townhouse is also able to accommodate children of all ages with flexible bedrooms being used as a study, nursery or for extra storage. When inviting visitors or relatives over, you can also transform it into a guest room to allow a comfortable visit for all.
Single Buyers
It can be challenging to find a space that fits well with what you’re wanting but also isn’t too costly for a single buyer. Through buying a townhouse, occupants are well looked after when it comes to the quality of the home and being surrounded by a friendly community close by for increased security. They can also enjoy the spacious house with enough room for pets to play and having a dedicated workspace. It is also a great opportunity to host parties and welcome gatherings with friends.
Modern Living – Townhouses by Fairhaven Homes
Empty Nesters
It can be hard work consistently maintaining a large family home, from cleaning up indoors to tidying up the backyards. With those looking to downsize, buying a townhouse is the way to go since it is a lot more manageable and also requires less maintenance. If you’re wanting to take a trip, you can rest assured that you won’t have too much to organise for when you get back and have enough funds saved up. During the holidays, you’re able to invite your loved ones to stay over and have an open plan setting to entertain everyone.
Investors
A townhouse also opens doors for investors to widen their portfolio and receive a reliable return. They are mostly situated in steadily growing suburbs or estates which will capture interested tenants from various demographics. This would result in having a marketable property that’s readily available and within an achievable budget. When buying a townhouse at an ideal location, you can also draw potential renters in with the area’s liveability and the convenient access provided to them. Along with its modern inclusions and design, a townhome is a solid investment for years to come.
Whether you’re looking to move out or for a more relaxing change of pace, there are a lot of factors to keep in mind as you take your next step. It is worthwhile to check how you are benefitting and if your necessities are being met.
For any questions about townhouses, speak to our new home advisors at iBuildNew on 1800 184 284 or book a call online.
Let us do the legwork for you.
- We’ll ask the right questions to better understand your needs
- We’ll create a recommended shortlist ideally matched to you
- We’ll answer specific questions or concerns related to home building, land purchasing or financing
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