2007-03-07 01:36:50 · 6 answers · asked by Sweetgirl 3 in Business & Finance ➔ Renting & Real Estate
Townhouses are perfect for busy young professionals who dont have as much time to devote to their house upkeep. Sometimes its a better value also. Although ussualy a more risky investment.
I see alot of people on here complaing about HOA or condo fees, and I can understand why, but if you have to examine what you are getting for those fees. Some places we have seen offer pools, club houses, tennis courts gyms ect ect. Plus it can also include water, snow removal, upkeep and the such. When you add all those things up, paying a common charges sometimes can be a good deal. You just have to look at that are you getting in return.
2007-03-07 01:39:38 · answer #1 · answered by Anonymous · 0⤊ 0⤋
No I would not buy since most monthly fees do not include any utilities (like most apatments do). So in a sense you are paying monthly fees for someone to cut your grass or clean the snow and keep the exterior looking nice, and this fee increases every year and does not add any value to your place or gain equity. I would pay a little more and move into a house where every cent that goes into the house helps build equity.
2007-03-07 16:46:49 · answer #2 · answered by Anonymous · 0⤊ 1⤋
My husband and I have one. We went with it because it was a good deal and less yard work. We were fortunate to find a large one (4 bed/2bath, over 2000 sq ft). The price difference between this and a single family house made the choice easy.
The downside ... no room for a pool! There is also less parking, which is only a problem when we have people over.
2007-03-07 09:52:54 · answer #3 · answered by Heather N 1 · 0⤊ 0⤋
I might buy a townhome if it suited my lifestyle, but one thing I would NOT do is buy any property that allows any control by a so-called "homeowners association" or similar. Those are usually run by narrow-minded fascist control freaks, who want you to live your life according to their rules. Also, the rules they set can be changed at any time, and if you dont agree with a rule they have, you are screwed.
2007-03-07 09:56:37 · answer #4 · answered by Mr Smart 4 · 0⤊ 2⤋
No. I am unwilling to pay condo association fees, or be bound by their rules.
I believe my home is my castle, and thus need to retain the right to build a moat if I so desire.
Also, when you add up fees+ taxes + interest (none of this money builds any equity) It's often cheaper to rent.
2007-03-07 09:56:31 · answer #5 · answered by Vegan 7 · 1⤊ 3⤋
yup, the guy above is why no one builds townhomes in WV (that and no one really wants to live there)
2007-03-07 12:51:42 · answer #6 · answered by NYC_Since_the_90s 6 · 0⤊ 1⤋