Upsides and Downsides of Purchasing a Massachusetts Townhome
When you search for a place to live, there will be numerous housing choices. As a first-time home buyer, you could opt for a single-family home, condo, or townhouse.
As a potential buyer, it is essential to understand what a townhouse is and how they differ from other homes.
As with most housing selections, there will be pros and cons. Buying a townhouse could be an excellent affordable option or a significant regret.
Everybody has their own personal preferences when it comes to their living arrangements. We will examine the pros and cons of purchasing a townhouse in Massachusetts to increase your odds of success.
What is a Townhouse?
First, it is essential to understand precisely what a townhouse is and is not. Maximum Real Estate Exposure has an excellent reference above that is worth a look at, but we'll also tackle the definition.
It's essential to note that you're likely to hear townhome and townhouse interchangeably. They mean the same thing.
Townhouses are usually attached homes with at least one wall shared with an adjoining property. Their different from condos in that a condominium is typically an individual unit within a larger community.
Townhouses are multi-floor homes attached to neighboring homes by one or two walls. They can have different architectural features from other types of homes.
Townhomes are usually located on a small parcel of land that does not extend far past the property line.
Townhouses are often built as part of a gated community, making them an attractive option for people who want to live in a close-knit community without being in a bustling metro area.
They can be terrific housing choices for those who are going through a divorce and want to make new friends.
The suburbs of Massachusetts have numerous townhouse developments worth considering.
What Are The Pros of Townhouses in Massachusetts?
There are several benefits of owning a townhome in Massachusetts. Let's look at the most common reasons potential home buyers choose a townhouse as their top housing selection.
Massachusetts Townhouses Offer Affordability Compared to Single Family Homes
When compared to similar-sized houses, townhouses are usually more affordable.
The properties in a townhome community are typically smaller and sit on condensed lots with less outdoor space. They also share walls with their neighbors. Maintenance tends to be less expensive as there is usually less upkeep required.
An HOA Will Protect Homeowner's Property Values
Though some dislike the idea of a homeowners association, most work to protect the property value of its members.
When an HOA is in place, there are often associated perks, such as a clubhouse, swimming pool, fitness center, tennis court, or walking trail.
Homeowners associations typically cover services such as snow plowing and lawn care. This can greatly benefit residents, as it can save them time and money.
Usually, Strong Neighborhood Bonds Are Formed
When you purchase into a Massachusetts townhouse community, it will likely be a friendly environment. With the proximity to neighbors being so close, it will be much easier to build friendships.
It is common in townhome communities in Massachusetts to organize seasonal celebrations, cookouts, and other events to benefit the homeowners.
These events make it much easier to connect with your neighbors. You'll also probably feel more secure as your neighbors will call out anyone who looks suspicious hanging around the property.
What Are The Cons of Townhouses in Massachusetts?
While there are certainly advantages to townhouse living in Massachusetts, it won't be for everyone. Let's look at what you may consider some of the downsides.
Your Home Will Likely Feel Smaller Than A Home
Moving to a townhouse community usually means giving up some square footage. If you choose a floor plan that isn't open, you may feel like your living space has shrunk when coming from a house.
Townhouses are also less conducive when you have a pet.
There May Be Rules or Covenants You Don't Like
One of the more significant drawbacks of owning a Massachusetts townhouse will be the covenants, conditions, and rules you need to follow.
Some consider protective covenants a good thing, while others find them intrusive. If you're coming from a single-family home, it is certainly possible you'll feel like the covenants are overbearing.
For example, the homeowners association may have rules like not being able to have a garden or limiting the number and type of vehicles you can have.
There Will Be Far Less Privacy Than in Most Single Family Homes
One person's positive is another person's negative. Owning a Massachusetts townhouse might seem like everyone knows your business. You also will no longer be the king of your own castle.
While having fun with neighbors might be pleasant, it could also come back to bite you. When you are sharing walls with another person, they may have habits you don't enjoy. Consider the kid who loves to play drums at ten PM.
If you're unhappy with your neighbor, you may be out of luck. There's not much you can do about it unless they are breaking the HOA rules.
Final Thoughts on Massachusetts Townhouses
Before making any housing selection, it is vital to do plenty of research. Make sure you know the property's history. Check online for any potential issues. Speak to a few neighbors to make sure they love the environment.
Most people will be pretty candid about where they live. If they are displeased about something, they will likely let you know.
Did you enjoy this advice on buying a Massachusetts townhouse? See other real estate articles on News Break for more timely tips and advice. Bill often writes about general real estate, mortgages, finance, moving, and home improvement.
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