More and more people are looking for convenience when they are looking at homes for sale. More are more people are looking at luxury townhomes. There are a number of reasons for this. They offer low maintenance living that homebuyers cannot find any place else. Many of the townhomes on the market today make the most of a smaller space. In an era when home builders are looking at a range of new ideas such as using shipping containers or putting in prefabricated houses, more and more are looking to the past for inspiration.
Townhomes have been used since in the 1800s. What is a townhome? When you see houses that have been built as single family units and are attached to their neighbors, you are looking at some. They can be found in cities and in the suburbs. These were first seen back in the 19th century. In the 1960s, they enjoyed a bit of a comeback.
In the 2010s, people began looking at townhomes as an option as a combination of stand-alone houses and condominiums. There are a number of reasons for the resurgence of this kind of housing.
The National Association of Home Builders (NAHB) has reported that the quickest growing segment of single family homes is the tried and true townhome. Between 2014 and 2015, construction of townhomes went up almost 18%. By comparison, during the same time period, stand-alone home construction only went up by 10%. Condo and co-op construction saw an increase of 12%.
The people who are looking at these the most are people who are looking to buy their first home. Traditionally, these people tended to be younger. People often think of townhomes are being cheaper options but more and more luxury townhomes are being built to suit people of all ages and with a wide variety of budgets.
According to a report put out by Reator.com, these are very popular among millennials who are looking for more than just a nice place to put their stuff. This study showed that at least one-third of them are looking to purchase one for their first house.
Jonathan Smoke, an economist for Realtor.com, says that no matter what people are looking for in a home, townhomes can be one of the most affordable. Moreover, this is a great way for people to move into a neighborhood that meets their other needs. These homes are also great for people who are not interested in spending so much time on the upkeep of the structure or the yard. In some cases, there is a homeowners’ association to whom dues are paid and they take care of much of the upkeep of the townhomes under their jurisdiction.
Neighborhood with townhomes are often found in areas that are more trendy, offers more upscale grocery stores such as Harris Teeter, Wegman’s, or Trader Joes. They are also placed near public transportation, restaurants, close to good schools, and places of business.
For some first time home buyers, townhomes make a great first time home and can be easier to afford than stand-alone homes. For older home buyers, who may not need as much space, these provide an opportunity to live closer to work and can make it easier to get out and about. This is a really great option for people who do not want to have to drive everywhere they go.
More and more people are looking today for smaller spaces that are more environmentally friendly. More American homebuyers like the idea of living in a smaller space to also be a part of a larger community. This is another reason so many people are revisiting the idea of the townhome, which is also called a “row house” in some parts of the country.
No matter what you call them, row houses or townhomes or what stage in your life you find yourself, or even what your budget is, it would be hard to not find a townhome that gets you what you need and want in a dwelling. The even better news is that as so many more are under construction today, you should be able to find the right one for you in the city or town you want to live in.