A townhouse, or row house, is a multistory home that shares at least one wall with an adjacent property.
With a townhouse, you have your entrance and possibly even your basement, driveway, garage, and backyard. And that home will generally be part of a homeowners association or HOA.
Townhouses are designed to make the most of available space, offering multiple levels and floor plans that maximize living areas.
They provide a balance between the space and privacy of a standalone house and the affordability of an apartment, making them an excellent choice for families and first-time buyers.
Many townhouse complexes come with shared amenities, promoting a sense of community among residents. This can include pools, gyms, and communal gardens.
Townhouses often have smaller yards and require less exterior maintenance compared to standalone homes, offering a more convenient lifestyle.
They are frequently located in well-connected areas, providing easy access to schools, shopping centers, public transport, and recreational facilities.
Townhouses can yield strong rental income and capital growth, making them appealing for property investors.
Townhouses may offer less outdoor space than standalone houses, which can be a drawback if you have extensive gardening or outdoor leisure requirements.
Living in a townhouse complex often entails strata fees to cover shared facilities and maintenance costs, which add to the overall living expenses.
You'll have neighbors on one or both sides, so noise and privacy can be concerns depending on your neighbors and the building's design.
Townhouse owners have limited influence over decisions regarding shared spaces and facilities, which are typically determined by the body corporate.
Parking may be limited, and you may need to rely on communal parking facilities.
If you’re interested in purchasing an Townhouse in Sydney, the Sydney Real Estate Group is here to guide you through the process. Here’s a brief overview of the steps involved:
Good thing is Government has many grants to help you buy your new home sooner. Our expert finance Chanel partners give you all the options either you have Low Deposit, Low Income, High income, no matter what your scenario we can help you understand and discuss what Government Grants may be available to you.
We have helped many clients transition from renting to homeownership!
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enquiries@sreg.com.au
1300 00 SREG (7734)
