Newly launched townhouses are commonly seen as an attractive option for property buyers, especially for first time buyers looking for a starter family home. There is, however, a lot of discussion on whether townhouses, single family detached houses, or condominiums are better, with real estate forums and websites such as CanDoFinance filled with arguments for and against each option. Some of the main arguments in favour of townhouses are that they are not only more spacious and aesthetically pleasing than condos but also come equipped with modern amenities. New builds also mean that expensive repairs aren’t needed immediately after moving in. While there are many benefits in buying a new townhouse, it is only one of multiple options available on Property Guru and other real estate websites. Before you dive in and sign off on a mortgage on a townhouse, look at all of the positives and negatives to decide if it is the right decision for you.
1. Amenities
Both townhouses and condos have advantages and disadvantages when it comes to amenities. Many luxury condominiums come with a swimming pool, gym, playground, or perhaps even a library or shop for tenants. Some …show more content…
Condos aren’t always the best fit for families with children or pets, especially if the family continues to expand. A townhouse, however, may be too much maintenance for a single person who spends a lot of time out of the house. If you don’t plan on starting a family, it will feel like a waste to spend money each month on rooms you aren’t using. Although if you require office space to run a business or if you have always wanted your own library or exercise room, this is another advantage of townhouses, as you can have your own space which doesn’t intrude into other parts of the home. It may also be better for roommates sharing a house, as each resident has more personal space while still providing plenty of communal living
1. Amenities
Both townhouses and condos have advantages and disadvantages when it comes to amenities. Many luxury condominiums come with a swimming pool, gym, playground, or perhaps even a library or shop for tenants. Some …show more content…
Condos aren’t always the best fit for families with children or pets, especially if the family continues to expand. A townhouse, however, may be too much maintenance for a single person who spends a lot of time out of the house. If you don’t plan on starting a family, it will feel like a waste to spend money each month on rooms you aren’t using. Although if you require office space to run a business or if you have always wanted your own library or exercise room, this is another advantage of townhouses, as you can have your own space which doesn’t intrude into other parts of the home. It may also be better for roommates sharing a house, as each resident has more personal space while still providing plenty of communal living