What is the Difference Between a House and a Townhouse?
A house is a separate dwelling typically located on its own lot, with no shared walls. A townhouse on the other hand, is usually a terrace type housing with at least one shared wall and a lower square footage. Given they share walls and are usually built in a row, townhouses are typically built together.
Is Buying a Townhouse a Good Investment?
Buying a townhouse is a good investment when considering different housing types. They are less expensive than a traditional free standing home of an equivalent size, but will be larger than most apartments.
What are the Benefits of Owning a Townhouse?
Buying a townhouse comes with multiple benefits. Townhouses offer more ownership and privacy than an apartment, but at a reduced cost in comparison to a traditional house. Usually built together in master planned communities, they’re also more likely to foster a close knit community feel. They tend to be located in close proximity to local amenities such as schools, retail precincts and public transport, making them a convenient and practical option for future homeowners.