Townhouses are houses that share more or two sides except for end units. Urban or densely populated areas are the most common locations for townhouses. Townhouses straddle the difference between condominiums and single-family houses, giving a houselike environment but without the property. This has proved a desired mix for most buyers, particularly singles, young or little families and empty-nesters. Townhouse sales rose from 2.1 million in 1970 to 23.1 million in 2006, according to the Community Associations Institute.
History
When many townhouses in metropolitan areas can be as much as a few hundred years old, the vast majority were built beginning in the 1970s, and most are regulated by a homeowner’s association. This class sets the principles of this community and is in charge of keeping a few or all the exterior and common land. Each homeowner in the community pays a monthly or annual association fee to help fund these tasks.
Features
Townhouse communities often have small yards which appeal to each residence, along with larger common areas like walkways and streetscapes. Most houses have their own designated parking spaces or garages. Some of the communities even feature amenities such as playgrounds, pools, tennis courts, clubhouses and other recreational places. These common areas are for the use of everyone in the community and are preserved by contractors hired by the homeowners association utilizing institution fees. Residents can enjoy the advantage of utilizing these facilities without knowledge, work and the time .
Factors
Since the institution maintains the land, residents are generally only responsible to their region of lawn, which is often fenced. Mowing, edging, planting and hedge trimming aren’t concerns, so residents can feel free to travel for long periods of time without worrying about the maintenance of their houses. Many communities even take care of routine maintenance such as painting, exterior cleaning and roof maintenance. For neighborhoods which don’t have an association, it is possible for everyone on the townhouse row to chip in together for larger maintenance issues so as to defray the price.
Outcomes
Townhouses attribute their own exits and entrances, so there is not any common hallway or lifts to browse when obtaining the home. This also means that townhouse residents have more solitude and quiet than condo owners, while also enjoying more safety benefits than many single-family homeowners, such as near neighbors watching the property and community.
Significance
Since there isn’t a large plot of land attached to each residence, and construction components such as walls and foundations are shared, many townhouses offer more square footage for the price. Most townhouses offer multilevel dwelling, which provides exactly the same feel as single-family home living at a lower price. This makes the largest difference in urban regions, where land price makes private houses with acreage for many men and women.