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When it comes to residential properties, townhouses remain a favorite due to their affordability and expansive floor areas suitable for small to mid-sized families. They also combine a suburban neighborhood’s remoteness with the sophisticated city, making them ideal for families who want privacy and access to prime locations.
And just like any property, there are questions you might want to ask yourself before you invest. Here are six things you need to take note of before you invest in a townhome.
Know the Costs of Townhomes in Your Area
Townhouses are known to be affordable compared to single-detached houses. They are more spacious than condo or apartment units. However, the prices of townhouses may still vary depending on their location. For example, a townhouse sold in an exclusive village in Quezon City may be relatively more expensive than a townhouse in Caloocan. Expect townhomes in commercial areas to be pricier compared to those located in less bustling areas.
Inner or End Units?
Most townhouse developments cluster into three or four, like Deca Clark’s townhouse units. Just like choosing a condo unit, assess whether you want an inner or end unit. End units are preferred by many because they are quieter and are positioned to allow more natural light and air inside. They also have side yards and bigger spaces to house your vehicles.
Inner units, on the other hand, are sandwiched between two or more homes, making them more susceptible to noise. However, their position makes good insulation for rainy seasons and winter months. End units also tend to be pricier as they are more in-demand than inner units. In case you run out of end units to choose from, inner units can still be ideal as your new home. It is wise to install soundproofing in your walls to reduce the noise coming from your neighbors.
Take Note of HOA Fees
Other than your budget and mortgage, consider Homeowners’ Association (HOA) fees as part of your potential expenditures. HOA fees are collected every month from residents to cover maintenance in the amenities and improving community properties. Some developments are strict about collecting HOA fees every month, while others are a bit lenient. It is best to consult the HOA board members to discuss how much you should pay and negotiate on the terms, especially if you need to pay for mortgages and other loans.
Ask if Pets are Allowed
Not all townhouse communities allow pets. Ask your broker if dogs or cats are allowed in the neighborhood. Developments that permit furry friends usually implement regulations such as owners cleaning up after their pet and avoiding areas where pets are not allowed.
Check the Amenities
Besides the house, amenities are what attracts people to invest in a property. After inspecting your potential home, check if the facilities are top-quality and suitable for your needs. Having a swimming pool, landscaped park, sporting courts, activity centers, and playgrounds in your community enables you to enjoy the outdoors and relax without leaving the vicinity of your home.
Inspect for Potential Repairs
Thoroughly inspect your unit for damages and repairs that you might need to address before moving in. Check for leaks, faulty attachments, and problems in the plumbing and electrical wiring. If the necessary repairs exceed your planned budget, it is best to look for a better and more functional townhouse unit. You don’t want to invest in a home that already looks dilapidated.
The bottom line of buying any home is to consider if the price is worth your comfort, convenience, safety, and privacy. Townhouses may be affordable and spacious, but you must evaluate these six factors before you sign the papers and give your first deposit.