As the term “Freehold” suggests - free from any hold except the owner. As an owner of the freehold townhouse you have complete ownership, and clear title of the townhouse as well as the piece of land on which the unit is constructed. The ownership of a freehold township will sustain forever and you can transfer it to your next generation or gift anybody else.
What Is A Townhouse Vs A House?
Townhouses and houses have some common features, but some features make the difference. Now you know about the townhouse, so let's talk about the house.
Homes can be in different shapes, sizes & structural designs, but as you know townhouses have a fixed structural design and limited sizes. In comparison to townhouses, a single-family house is more spacious and detached from other houses.
Let's Compare Both (Townhouse and House) On Some Factors
Cost - Townhouses are available at very lower prices in comparison to houses. In the future, as an owner of a townhouse, you need to pay low maintenance costs to the RWA. On the other hand, the maintenance cost of the house is higher.
Maintenance Requirements - All the responsibility for the maintenance of the house is on the shoulders of the owners. But as a buyer of luxury townhouses within a community, everything will be handled by the community association.
Availability of Space - Now you know that houses are larger, so there is more spaciousness, more personal space for the family members and complete privacy. But townhouses are smaller than houses, so the owners have to compromise a little bit on these factors.
Flexibility - A house owner can alter anything within their periphery like change the exterior and interior & layout plan as they want (if the property is not part of any community or there is no restriction from the community). But as an owner of townhouses within the community, there are some limitations from community association.
What Does A Townhouse Look Like?
In most communities, the exterior of townhouses is look like a villa but the biggest difference is villas are stand-alone residential properties and townhouses are attached to other units. Generally, a townhouse is a multi-floor unit comprising 3, 4 or 5 Beds with separate washrooms, a spacious living area, a parking area for 2 cars and a backyard.
What Is A Stacked Townhouse?
“Stacked” word derived from “stack” means the arrangement of boxes on top or each other. In simple words, a stacked townhouse is a mixture of a traditional townhouse and a condo. This residential property type has two or more units with different exteriors & entrances. A stacked townhouse is very popular in western countries where space are limited and property price is higher.
What Is A Condo Townhouse?
A condo Townhouse is also a type of townhouse where you own just a unit with the interior, not the exterior. Here outside of your main door is collectively dedicated as the common area for the other co-residents. This common area and other common features are maintained through monthly fees levied by every owner.
What Is A Duplex Townhouse?
The term duplex in residential property has different meanings in different countries, for example in the USA a Duplex refers to a single unit of two floors which is connected through an inner staircase, in Australia a duplex is considered as two attached units with a common central wall. Generally, a Duplex Townhouse is two paired homes attached with common walls and with a common exterior that looks like a large home.
What To Look For When Buying A Townhouse?
Location - A most important & common point for every property type. A townhouse in a good location provides you with the ease of access to different parts of the city. As well as, high ROI and Rental are guaranteed.
Condition - If you are purchasing a new townhouse then the only thing you should check is the construction quality. But if you are purchasing a resale townhouse then you have to check a few more things like leakage, plumbing work, electrical wiring, door & windows etc.
Renovation & Furnishing Cost - Whether you buying a new townhouse or an old one, you need to spend some money on renovation & furnishing. So before finalizing any unit, you should estimate the renovation & furnishing cost.
Builder Reputation - This is one of the crucial aspects for the individuals who are buying or investing in the townhouse & other property types in a new location or abroad. Only a reputed builder can provide better quality home, at the best location at the best price.
What Is The Average Price Of A Townhouse?
If truth is to be told then there is no accurate estimate of a townhouse or other property types’ price. Because the value of any property is set on several factors like location, community type, size, specifications and amenities & features. But we can give you an estimate, the average starting price of townhouses is $800, 000.
