While the cost of detached houses continues to increase exponentially in most markets, many people are turning their attention to townhouses as a more affordable alternative. If you’re wondering, “What are the benefits of living in a townhouse?”, read on for everything you need to know.
You own the land
Different from most condominiums, when you purchase a townhouse that is part of a vacant land condominium, you own the four walls & roof of your home as well as the land that your house is on.
You have more flexibility to do what you want with your property
Because you own your unit as well as the land, you have more freedom to do what you want with your home’s exterior and outdoor space, similar to a detached home, however with some controls to maintain continuity throughout the development, this can be discussed in more detail with a member of our team.
Townhouses are low maintenance
By living in a townhouse community, you will be able to take advantage of many of the benefits that come with condo living — including having your landscaping and snow removal looked after for you. You will still have the flexibility to do what you want with your outdoor space, but you can enjoy the reduced responsibility of having to mow your lawn or worry about other labour intensive duties.
The maintenance fees are fixed
Townhouses have much more affordable maintenance fees than your typical condo. Many condominium owners pay several thousand dollars a month without ever knowing how much those fees could fluctuate in the future. Sinclair Homes’ community Westwood Trails in Simcoe offers very affordable maintenance fees that do not exceed $140 a month.
Townhouses are more affordable
In today’s competitive real estate market, townhouses are becoming the most obvious choice for many people due to their affordability, especially for first-time buyers. They are also an attractive option for retirees and downsizers, to simplify their lives and realize some of the hard-earned equity built up in their larger, more expensive detached homes.
Townhouses are more energy efficient
A townhouse requires less heating than a detached house in general because of the shared walls. Sinclair Homes townhouses are built to go above and beyond most ENERGY STAR standards and are 20% more energy-efficient than a regular new-build home. For more information about Sinclair Homes ENERGY STAR details, read our blog post here.
Experience a sense of community
Condo communities tend to be tight-knit because they involve more interaction and sharing of amenities. The same can be said for townhouse communities. You’ll be able to enjoy the freedom and benefits of your private home and yard, but also enjoy living in a close-knit community.
Moreover, if you are a snowbird or someone who likes to travel, you have the freedom to lock up and take off! You can rest assured that your neighbours will be able to easily keep an eye on your place in your absence.
If you are interested in a townhouse in Ontario, visit the Sinclair Homes website to view our new-build communities and current vacancies. If you have any questions, please feel free to contact us here.