townhouse vs house reddit
We have 15 deposit saved excluding some emergency cash some stocks for 700k property. I owned a townhouse and now live in a house.
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Its actually not the house townhouse that generates the return its the land value.
. To put things into perspective our dues are 80 a year. The big difference is privacy. Parking gas insurance food etc leaves me with very little each month.
Less yard also means less maintenance and living in a densermore walkable area may mean you live closer to a public park which is better than a yard IMO. We all have HOAs although they are different. But you can get a lot more bang for your buck with a townhouse.
I lived in a townhouse style condo it looked something like this. So the key is if you are primarily looking for capital appreciation a run down house with more land a brand. So much drama - God forbid you drive a beater or park on the street.
If you dont mind less privacy and multiple stories I hated having 2 stories and my house now only has one loft style room upstairs then they can be a great choice. I want to know what everyone thinks the advantages of buyingrenting a house vs a condo vs townhouse vs an apartment. I hope this post isnt a complete headache to read and apologize in advance.
But everyone acts like house is best because its a tiny bit of land. With a townhome you generally share a wall and you have less space around your home. House individual property rights with more land townhouse possible stratarestrictions and proportionally less land.
Buying a townhouse is closer to renting an apartment than it is to buying a detached house. Sometimes the driveways and backyards are connected. For people in the townhomes they pay 175 a month.
A townhouse in a suburb that suits your lifestyle is better than a house in a suburb that doesnt suit you and that you end up spending a lot more time driving back to the area you want to be in. In terms of garden maintenance its a lot easier and by the sounds of it that will suit you very well. Townhouse has less strata fees than a condo and less taxes than a house.
Property prices in Australian Capital cities depend on mostly 3 things location and distance from CBD land size and then the build quality. First things first I have zero experience with real estate. The only difference from a house was I shared side walls but they were heavily sound proofed and I never heard my neighbours once in the 8 years I lived.
Less distance between houses means more density which means you are more likely to live in a walkable neighborhood. It also doesnt help that my mom died and I had to. What makes them a condo is that individuals can purchase a single unit and then are technically property owners and therefore pay a mortgage pay property taxes can sell the unit can renovate the interiors witbout permission etc but still have to abide by.
House vs Unit in Sydney. Im someone who doesnt need or want a lot of space and I dont want to deal. I am in the early stage of buying my first home and I wanted to know if anyone has some advice for me as to what type of home I should purchase.
I mean with a house then you have to pay more taxes pay for fix-ups to the roof or exterior etc yard maintenance. The maintenance fee is largely a wash but you will pay less in the long run with a townhome. Just make sure you can afford it you plan for maintenance and you plan to live there for more than 5 years.
Purchasing a townhome is a fine decision. 30M 30F had a baby recently and plan to have one more 2-3 years down the line living in Sydney. Were living in a neighborhood of families as opposed to mostly working young professionals so its a different vibe.
Some HOAs even include things like basic cable or Internet. Deleted 5 yr. I dont understand why people think that renting is throwing money down the drain or why owning a house is supposed to be everyones goal in life.
You still have a landlord HOA and common walls between you and someone else. With a townhome theres less maintenance yardstructure but neighbors and HOAs to contend with. Doesnt really make a huge difference.
A house means you get to make all your own decisions - but it also means youre 100 responsible for everything and theres no one else to help take on. I work for a home builders association and our builders build both apartment-style and townhouse-style condos. Rent is 2600 a month for a tiny old unit in a roach infested building I take home about 4400 split across 2 paychecks a month.
Posted by udeleted 2 years ago. Generally townhomes are cheaper than single family homes for the same amount of bedrooms. Posted by 1 year ago.
Ive lived in rowhomestwins for the past decade and in my experience. The HOA we have now in a single family house is much more strict than the one I had in the townhouse oh and the drama. Why is a house better.
Me and my husband have lived in apartments only and we are ready for an upgrade. We dont want to go way above our budget though we can borrow a lot higher. You can pay someone for exterior maintenace on a house too.
It had 3 floors plus basement private backyard private garage private front entrance and was about 1850 square feet. By definition townhouses will have less land consequently townhouses will always underperform compared to a house in terms of capital appreciation. So you will interact more with your neighbors.
My experience has been townhouses are pretty well insulated such that you cant hear the neighbors much but that could be dependent on the builder. A lot of the freedoms that first-time home buyers associate with home ownership - dont necessarily happen in a townhouse. We live in a single family home in a neighborhood that has mixed housing both townhomes and condos in addition to homes like ours.
When I was single and childless the town home was a no brainer for me. Sharing a wall in a mirrored image house.
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