Townhomes are a great way for families to have quality, low-maintenance living in an urban area. A lot of new townhomes are going up in those ideal neighborhoods near public transit and top-tier schools, meaning that residents can have all of the benefits of home ownership and still have easy access to city resources. With that said, buying a townhome is different than buying a traditional new home. Here are a few things to keep in mind as you start looking into townhomes in your area.
You’ll Often Need a Mortgage
Many buyers need to take out a home loan to finance their townhome. However, some lenders have trouble accurately appraising townhomes, and they may underwrite all townhomes like condos, which have more expensive and restrictive financing. Most homeowners report struggling to understand the details of your mortgage, so it may be worth your while to find a lender with experience in townhome mortgaging. Your lender can explain how your home loan may differ from a traditional home loan.
You May Need to Join a Homeowners Association
One of the best parts of townhome living is the ability to own a single-family unit without having to worry about exterior maintenance. Many luxury townhomes will also have amenities such as swimming pools, tennis courts, playgrounds, and clubhouses that are accessible to all homeowners. While residents aren’t required to maintain the common areas, they’ll often have to join a homeowners association, which uses member fees to keep the areas in good order.
You’ll Probably Save Money
Despite the additional costs mentioned above, living in a townhome will often save you money, even if you’re in a desirable location. Luxury townhomes are often less expensive than single-family homes in the same neighborhood. Having a smaller area can equate to fewer housing maintenance costs, and residents of townhomes also tend to spend less on utilities.
Always talk to your real estate agent, mortgage lender, and financial advisor before you invest in a townhome. You’ll want to build an overall budget and talk to your spouse about your financial goals before changing your residence. With the right planning, luxury living can more accessible than you ever imagined.
Community living is more than just having a house in the same area as other people. It’s about having other people a part of your life and you a part of theirs. While some homeowners look for places to live based on the features of the house alone, it’s also important to look for a classic community as well.
There are many different types of community living, such as a new home community or a townhome community but the benefits you get are the same across the board.
When you’re a part of a community, it isn’t just you in a house somewhere in the world. You’re part of a larger group of people who are all living their respective lives but still part of something bigger. That allows you to have access to knowledge that you would otherwise have a harder time obtaining. For example, maybe you don’t know the best way to seed your lawn but your neighbor reseeded his last spring. Instead of having to do extensive research or hire someone, you can simply ask your neighbor about their experience.
Another great aspect of living in a classic community is the ability to form meaningful and long-lasting relationships with other people. You might live with your significant other and make other great couple friends or maybe you find your significant other in your new community. Sometimes townhomes are more than just dwellings and can be the door to lifelong connections.
When you live in a community, your home represents that community along with everyone else’s. That means everyone has the joint responsibility of maintaining that representation which isn’t always easy to do. Yet, when you see your neighbors making upgrades to their home or preserving the way of life you all have become accustomed to, it can inspire you to do the same.
The lifestyle in a new home community, particularly one in an ideal neighborhood, is one that many people strive to obtain. If you want to find a community that’s right for you, consider using your available resources to locate a new home. Even the internet can be a valuable resource and 92% of people use it when looking for a new home. Just remember to look beyond the home and find a classic community that’s right for you and your family.
With the massive wave of home-buyers ready to hit the market this coming spring, many are confronted with the dilemma of buying an existing home or a new home. When contemplating this problem, it’s always good to figure out how you could potentially benefit. Let’s take a quick look at some of the biggest benefits that come with buying a new home.
Pros of a New Home
New homes open up a lot of doors that potentially didn’t exist for many homeowners and remove a lot of the headaches associated with owning an older home. Many people who choose to buy a new home do so for the benefits, rather than out of necessity. The median distance between the home that someone has just purchased and the one they moved from is only 14 miles, indicating that the move was in consideration of the overall aspects of the home. Many who move into a newer home do so because of the following benefits.
- Hardly any maintenance: A new home means new construction, which in turn means low maintenance living. Newer homes are at the beginning of their journey, which means that the materials and build of the home have the entirety of their lifespan left to go.
- Modernization: While many people are attracted to the former styles of home construction, if you’re purchasing a new home you most likely would prefer a modern style. Modernization also includes appliances like your water heater, kitchen stove, lighting systems, and more are all brand new models and designs.
- Efficiency: Along the same lines of new appliances and systems, the energy efficiency of newer homes tends to be much better, which saves money. Applications such as solar-tinted windows, spiral ductwork, low VOC paints, and much more all contribute to the energy efficiency and healthier living in a new home.
Of course, there are many more pros associated with buying a new home — these are just the main considerations. Finding new homes for sale can be relatively easy if you know the style and location you’re looking for.
There are many styles of luxury townhomes for sale in community areas that provide well beyond the aspects established above and can be the perfect transition from old to new.
Have you been waiting for the perfect homesite to become available? Whether it is a Washington on the park, a Lafayette on the corner, or a Hamilton on the square, now is the time to get locked in to your preferred location! The remaining homesites at Parkview at Chesterbrook have just been released for sale. Call 610.647.7800 for an appointment or your dream home may be gone. Hurry in and perhaps this could be your view next Fall!
The wait is finally over! Parkview at Chesterbrook is unveiling our two new Washington Models at a Grand Opening Celebration this Wednesday night, August 17th from 5:00 to 8:00 PM. Come join us at 500 Chesterbrook Blvd in Wayne, PA for cocktails, hors d’oeuvres, live music and big savings! The models showcase some truly special features such as an elevator, gourmet kitchen, beautiful trim work, unique wine tasting room, and roof-top terrace with gorgeous views. With nearly 50 homes sold already, come discover for yourself why Parkview at Chesterbrook is the ultimate mix of location, design, and lifestyle. See you there!
Looking for a home in the #1 school district in the country? Look no further than Parkview at Chesterbrook, Luxury homes that are quick delivery with move-in dates as little as 60 days away! This gives plenty of time to enroll your child into school for the 2016-2017 school year.
Come take a tour of our model home today, where you can see if Parkview is the right fit for you. Homes range from 3-5 bedrooms and include a garage and loft. Stop in today and see how you can have $15,000 in free options on your new home, but hurry offer won’t last long!