I'm single, no kids yet. I'm interested in buying a place to live in, which are the benefits of buying a townhouse insted of buying a house? It's better to buy a house? How can I fix my credit? Are the expensives really high when you own a house? I'm tired to give my money away paying rent, I wanna pay to own the place that I'm gonna live at. This is my first time buying a house.
Please help me...!!
2006-08-09 12:09:01 · 12 answers · asked by KoujiKabuto 1 in Home & Garden ➔ Other - Home & Garden
The only good thing about a town house is that your heat may be a little lower if you have neighbours on both sides, other than that you're better off to buy a single detached house.
It's easier to sell a detached house, you don't have the noise of the neighbours or banging on your walls, You don't have to worry about how much noise you make.
If you have a neighbour in a town house who keeps their yard like the city dump, your yard looks bad.
You have to keep the exterior of a town house the same as all the others on the block.
Your neighbours in a town house are too close to you.
You have very little property which again affects the resale value.
Other than that, find the place you like the most that you can afford and decide from there.
What if your neighbour had a fire in his house, in a town house yours may go too, it's less likely in a detached house.
Good Luck house hunting.
2006-08-09 12:22:26 · answer #1 · answered by nellie 3 · 1⤊ 0⤋
It depends upon your lifestyle. With a townhouse frequently you have the outdoor maintenence of the yard etc. done for you. You also have less freedom of what you can and cannot do with the exterior. If you are not into mowing your lawn once a week you might consider the townhouse. When looking for a house, make sure you don't give up some of the freedoms you are getting by buying one by having it in a neighborhood that has an association that limits what you can do as well. Look into the flood plains in the areas as flood insurance is not part of most homeowners policies. There is a lot to consider when buying your home.
2006-08-09 12:29:09 · answer #2 · answered by Silvatungfox 4 · 0⤊ 0⤋
Everything being equal, both in good part of town near schools, shopping, public transportation, garage/car port nice neighbors I would go with the single family because I like a little more privacy than the townhouse (which shares a wall) would offer. Possibly also a better investment because you could do more things with single family property (remodel or add on later, etc)
Townhouses would imply shared maintenance or possibly monthly fees. But they can be good as starter homes and if you don't want to deal with too much maintenance yourself. Also, if you live near good neighbors and travel a lot, it might be somewhat easier for an adjacent neighbor to watch your house for you.
2006-08-09 12:55:15 · answer #3 · answered by Lynda 7 · 0⤊ 0⤋
It is a great idea. I bought my first house when I was 23. I have learned a lot (rehabed my house for a/b 6 months) and have become more responsible. It is better to use you money wisely instead of renting an apartment...what will you be gaining if you pay rent? No value, no return on investment. (Just something to think about). My boyfriend owns his own house. It gets frustrating sometimes going back and forth. But if you get married down the road, you can sell your house and use the money to get a house together. Go for it and enjoy this time. Oh...and don't get frustrated when house hunting; it took me about 6 months before finding my house. And set a budget and I would recommend not getting too big of a house for only one person (it is a lot to clean).
2016-03-27 05:46:22 · answer #4 · answered by Christa 4 · 0⤊ 0⤋
Fix your credit first - have the bank pull a credit report. Sometimes all it takes is explaining (in writing) why you were late on payments or whatever the problem was.
Houses re sell quicker than townhomes.
The same expenses go with a townhome that would a house except for, maybe, the landscape/grass mowing.
Take care of your credit first then see about how and if you qualify for a loan and how much you can afford
2006-08-09 12:15:04 · answer #5 · answered by paisley 2 · 0⤊ 0⤋
if you can find a nice place that you can afford then get a house. the rates a generally a little better than a townhouse and the equity you can generate from a detached single family house can be much greater. if you're strapped or just looking to get out on your own, might want to look into a condo. just a thought
2006-08-09 12:13:07 · answer #6 · answered by Anonymous · 0⤊ 0⤋
For a first time buy, I would suggest a townhouse. You will have a maintenance fee for keeping the building nice, but it will be less expensive than owning a home. No yard work!
Don't forget to allow for property taxes when planning a budget to buy your home.
2006-08-09 12:13:43 · answer #7 · answered by chris 5 · 1⤊ 0⤋
Townhouses are usually duplexes---do you want to own with neighbors as close as when you rented?
Buy a house on it's OWN land....and never again worry about what neighbors will say about your music, parties, etc.
2006-08-09 12:14:05 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Before you buy a townhouse, read the fine print. The maintenance fees can be high.
2006-08-09 12:13:37 · answer #9 · answered by ed 7 · 0⤊ 0⤋
First -- you never will own a home because the government can take it from you at any time, if you don't pay property taxes on time, or by eminent domain.
Townhouses -- have a lot of rules on what you can & can't do or have. there can be hidden fees ex. pool, golf course. Your house has to look like everyone else's. Parking is limited. On the plus side -- they take care of maintanance and any problems.
Owning a house -- you can have whatever color, landscaping, design, deck you want You have privacy and parking. Negative -- you maintain the property. when something breaks you fix it or pay to have it fixed.
You need to consider all these things, then decide.
2006-08-09 12:23:13 · answer #10 · answered by please remove me from here 4 · 0⤊ 3⤋