Thinking of buying your first place but not sure if a townhome is the right move? This video breaks down the pros, cons, and whether townhomes are a good investment.
Hi, I’m Tanja Odzak, eXp Realty. I love helping people. I’m a Senior Level Realtor and I help people sell and buy homes right here in the East Bay!
First off, let’s talk about affordability.
According to the National Association of Realtors, townhomes tend to cost less than the single family detached home and can be appealing to the younger professional. In fact, 35% of buyers are willing to go smaller to make homeownership happen. And the good news, more townhomes are more available now than in past years giving buyers more options at a better price. This is important to note with rising home prices.
Next, is low maintenance!
Unlike single-family homes, most townhomes come with HOA benefits that can cover things like landscaping, exterior repairs, and even some utilities. That means less stress and fewer unexpected costs which is perfect if you’re just getting started. If you don’t have the ability or a lot of availability to maintain a home, then a townhouse might be a great fit!
And then, there is the location.
We have all heard the real estate phrase location, location, location! Most townhomes tend to be in prime areas close to work, shopping, and entertainment, so you don’t have to sacrifice time for the things you love.
Finally, do townhomes hold their resale value?
Short answer yes, they are a solid investment because data shows they tend to appreciate in value over time especially in growing markets. However, it’s important to know that they don’t typically appreciate as fast as single-family homes do.
There are some trade-offs though, and that is where I come in, as an agent. I can help you weigh the pros and cons to see if a townhome fits your lifestyle and long-term goals.
Call me today, and let’s talk about it! We’ll figure out what matters most to you, space, location, or budget? I’m Tanja, and I sell homes. I’m a seasoned East Bay expert with a 5-star rating, and I’d love to help you find the perfect first home! Call me today!
I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit.
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