how easy is it to resale a townhouse?

Question

If I buy a townhouse now with plans to sell it in five years, how easy will it be to sale

Answer 1

Depends upon the market...Stand-alone houses are easier to sell but townhouses do sell also...The townhouse next to me has traded hands almost every year.

Answer 2

There is no way anyone can give you an answer that will really tell you a yes, or no.
Each property stands alone they don't all just fly along together like a flock of birds.
If you make a good solid purchase on a nice townhome in a strong area it will increase in value somewhat less than the homes nearby.
If you purchase a nice townhome in an area that has some undesirable features. Things like industrial nearby. Run down looking homes or properties of any kind nearby. Large businesses moving out of the neighborhood. These are all indicators that things in that area are sliding down in appeal and available services. Along with those things can come increased crime. So around this type of area you can probably make a heck of a deal on a terrific townhome. Today and tomorrow and for a long time to come. So there is the rub. Will that great deal in the questionable area be able to be sold for more in 5 years.
Maybe, but more likely maybe not. In the meantime will you be comfortable and safe?
So, all that rambling sorry. Stick to the basics when buying real estate. Location, location, location.
When you do that then the best that you can afford at the time that you buy, will perform the best that it can with your good maintenance.
As always Buyers want to see up to date, sparkling clean, fresh paint, spotless carpet, ready to move right in. So these properties always sell for top dollar since most don't look like that. Even though more and more people are starting to get it that this sells.
I hope that helps you make a fine purchase. As always shop long and hard before putting down your money. This is the key to knowing if you are getting a good deal or just a fair deal.
Happy New Year!

Answer 3

Townhouses are 2 or more level commonwall dwellings, condos are single floor but are generally found in multi floor buildings. The market for commonwall type homes shrinks when it is a 2 or more floor unit. One reason is because of footage lost in stairwells and the other is the stairs themselves. Many older people dont want stairs, many small families dont want them either. They are quite salable but to a smaller market share. HOA dues are a detriment but they are also applicable to condo's so they arent as big a factor as some might think. They can however become quite a hinderance regardless of property type if they are high. The buyer will have to qualify for payment, taxes, insurance, and homeowners association fee's. When combined the end payment can make some houses by comparison seem more affordable. The ideal commonwall for resale is a ground floor condo, preferably an end unit facing away from the driveway. If you buy more wisely you can sell more easily. Also try to avoid buying a condo or townhouse if the project has a large percentage of non owner occupied units.

Answer 4

When I was looking for my first house, I was strongly advised against the townhouse by a friend who was also my realtor. I also have a friend who has been trying to sell his for the better part of the year, and has not even gone under contract or for that matter come close. It is a nice place, in a good location.

Answer 5

Generally townhouses and condos are harder to resell versus stand alone homes. Remember that townhomes and condos are still similiar to apartment living. If possible by a house.

Answer 6

They are pretty tough, mainly because of the HOA fees. If you are buying one for below market value this is OK.

The huge plus to townhouses is that first time buyers can really improve their redit scores with them and also save money with the tax benefits instead of renting. But, if you can find yourself a little house it will be easier to sell later.