The Benefits of Living in Townhouses

One of the biggest decisions you can make is to choose the right abode that suits your needs. Sure, it can be as intimidating as it can get, as a lot of factors are involved, especially when purchasing an asset. To begin with, you can look at some traditional white-picket fence houses or a few trendy apartments as options; however, if you can’t decide, then a townhouse might be the perfect fit for you. If you’re itching to know why, here are some benefits of living in townhouses:

A townhouse is a multi-level building that’s designed to mimic a house that is owned on a strata title. You own the dwelling but share the land with others. Townhouses also usually offer the space and privacy of a house, with outdoor space and room for the family to move. In Australia, a lot of home buyers, such as young families, and downsizers are investing in townhouses over apartments in order to achieve their homeownership dreams.

Affordability at its finest

For a prime location, affordability is one of the top selling points of a townhouse. Generally, townhouses are more affordable and are often cheaper than most houses in the same location. Because of this, for buyers who are initially looking to buy a house but can’t due to the high dwelling prices, a townhouse might be the best alternative for you. Not only does it cost less, but it also provides convenient access to social and community amenities near the city.

Offers greater ownership & higher return on investment (ROI)

Another selling point of a townhouse is its ownership. When purchasing a townhouse, the property is not only what you own but also the land beneath it. This will give you higher investment returns, especially if the city commands better long-term capital gains for the block of land rather than the floor of a city apartment in the real estate market.

Provides more privacy

A townhouse is also a great alternative for your private lifestyle. Although its level of privacy is not exactly the same as a detached house, it is still roomier than most apartments out there. You won’t need to worry about sharing common spaces (e.g. hallways, elevators, etc.), as it usually provides more flexibility to the homeowners.

In addition, the extra space of a townhouse can be turned into a guest bedroom or a home office which can be harder to find in an apartment.

Are you thinking about buying a townhouse? Check out our townhouses for sale here.

Sense of Community 

Investing in a townhouse in a great neighbourhood can give you the space to enjoy a lifestyle you wish as well as an opportunity to be part of a new community that houses well-maintained amenities and facilities (e.g. pool, gym, community garden, public transport, cafes, and shopping centres). Furthermore, due to the accessibility and proximity among the units, you and your neighbours are going to establish a close relationship that offers you a chance to make friends and acquaintances, providing you with a sense of security and community!

With the recent boom in real estate values locally we are finding that townhouses are becoming much more of an intended choice for buyers. If we can offer any specific advice for your circumstances please don’t hesitate to get in touch with one of our sales team.