">
Welcome or Register
agent photo

2824 Manatee Avenue East

Bradenton, Florida 3420

Office: 941.792.2111

Toll Free: 1.800.522.7869

Fax: 941.747.9632

 

 

Townhouse/Villa

Buying or Selling YOUR Townhome can be a difficult obstacle going in it alone.  Take time to select a TOP Local Real Estate expert.

A townhome, or townhouse as it is also called, has no legal definition. It’s just a convenient architectural term, one that most people are familiar with. A townhome is defined, not just by the builders, but by realtors and mortgage lenders too, as a house that is attached to other homes on either side. Townhomes usually - but not always - have their own space at the front or the back of the house.
 
Townhomes still have somewhat negative connotations among homebuyers. Many people consider them not ‘real homes’ although these days many town homes are just as luxurious as other homes – they may have large master suites, garage, modern appliances and innovative floor plans. A recent trend is the three story townhome, which offers as much floor space at a lower price as other homes. Generally speaking, townhomes are still less expensive than detached homes (also called ‘single-family homes’) as they occupy less land. They are still sought after by first-time buyers, single professionals and people on a more limited budget. The average cost of a townhome nationwide is around $120,000 compared to around $150,000 for a single-family home. Townhomes are considered to be a step up from an apartment or a condominium and usually have more room than an apartment and offer a little bit more privacy as there is generally nobody living below or above you.

 

The main advantage of a townhome – apart from the lower price – is the lack of having to carry out maintenance and upkeep. Unlike a regular house, there is little to maintain in a townhome. Unless you have one of the end units, you will have shared walls on either side; you may have a small yard or patio, but in general probably not a huge lawn or outdoor area to look after. Many townhomes are in communities where everyday repairs and maintenance are included in monthly or yearly fees. You may also have use of a swimming pool, tennis courts, golf course or other amenities if you own a townhome. Townhomes generally increase in value a little bit faster than a condo or apartment.
 
There are drawbacks to living in a townhome. You won’t have as much space as a more conventional home; most townhomes have a patio but there may not be a big yard or garage. You have neighbors on either side of you, so there may still be a problem with noise. Some older townhomes have thinner walls, and may not be insulated well. One of the biggest problems with a townhome is the many rules and restrictions that you must abide to. Many townhomes belong to a homeowners’ community or cooperative whose rules govern what you can do to the inside and the outside of your house – even though you own it. Always check what their restrictions are – they may be as specific as having the outside of everyone’s house a uniform color, they may not allow you to plant trees or flowers etc. Some homeowners’ associations have a problem with satellite dishes or TV antennae on the roof of your house.
 
The homeowners’ rules may even expect you to be responsible for upkeep and maintenance of the area outside your home, or other communal areas. Technically, you are a shareholder in the communal grounds, other buildings – everything except the actual inside of your home. Some townhome communities are situated in areas not maintained by the town or city - a major disadvantage when snow and ice is not removed from your street.
 
Be careful of the amount of homeowners fees or dues, they can be substantial, even for a modest home, especially if they cover the use of a pool or other amenities. Always ask what your dues include, whether there are any plans for a rate increase, and if you can see a detailed breakdown of expenses. The dues usually include trash collection and water rates, making it easier to mange monthly expenses. The homeowners association can be all powerful – deciding to replace everybody’s roof, for example and increase dues accordingly, whether you want it or not. There may be a homeowners’ board of directors, consisting mostly of your neighbors - ask when they meet, and what their responsibilities are.
 
Townhomes can still be somewhat difficult to finance and resell, although they are fairly easy to rent out by their owners. If you are thinking of buying a townhome, try to find out how many of the homes in that particular community are rented, rather than owned. Renters are generally not as responsible for their environment as owners tend to be; you may find it more difficult to sell your home or get a fair price if there are a high proportion of renters nearby. Some mortgage lenders are reluctant to give a loan on a townhome if more than 25 percent of the properties are rented.
 
Ask us anything about Buying or Selling YOUR Townhome in the Manatee County area.   It's completely FREE and we will respond quickly in a timely matter.  We want to help you. That's our GUARANTEE!





select one






* fields are required

Testimonials

My wife and I would like to take this opportunity to recognize Linda Johnston who is with the office at CENTURY 21 All Aces Realty. We had been trying to sell our house in Palmetto for approximately 2 years. Prior to being introduced to Linda, we had used two other real estate agents who were quite ineffective in getting people to look at the house. As soon as we spoke to Linda, we were impresses with her enthusiasm and determination. She immediately gave us ideas on how to list the house to attract prospective buyers. When one idea didn't work, she was innovative and determined to come up with new ideas. Her personality was refreshing and she was always professional. We felt as though we were her only client, although we knew she had others. It was a pleasure working with her and we would recommend her to any seller or buyer. Craig & Felicia Himes
My experience with CENTURY 21 All Aces Realty was remarkable, but my experience with my Agent, Matthew Rotondo was even better. Matt’s willingness to work with my wife and I was truly amazing. Matt took a true interest in our needs and wants as a young couple. Knowing we did not have the money to buy a home that needed lots of work, Matt made sure to find us a home that was move in ready. When it came time to close on our dream home, the house needed a new roof. Matt came through again, he was able to get us our dream home at price we could afford with a new roof. Matt is just a genuine good guy, I don’t know many agents that would actually come over and help you move and work in the yard. Thanks again Matt for helping my family get the house of their dreams. Richard and Lisa Glass
View All

e-PROGRI - Graduate, REALTOR® InstituteUSAA Real Estate Reward Network Broker

©2015 CENTURY 21 All Aces Realty. CENTURY 21® is a registered trademark owned by Century 21 Real Estate LLC. Equal Housing Opportunity. Each office is independently owned and operated.