Townhouses / Townhomes: Everything you need to Know | Carolina

Townhouse / Townhome FAQs: AVID Carolina Answers Common FAQs About These Popular Property Types

In recent years, more and more people are starting to wonder whether a townhouse is a good investment for their families or investment portfolios. With their unique designs, lower maintenance costs, and location in key areas filled with desirable amenities, they certainly hold some advantages over other options available in the market today.

To offer insight into the matter and help you make more informed decisions, let’s address some of the most frequently asked questions about this particular property type, such as ‘What is a townhouse?’ and ‘What is the difference between a townhouse and a house?’

What is a Townhouse?

A townhouse, also known as a ‘townhome’, is a multi-level residential property typically built in a row of similar residences as part of a larger development. The construction style of townhomes facilitates the development of more residences in a given area, offering more affordable housing options.

Tracing their roots back to Europe in the early 1600s, these properties usually consist of one or  two floors, have their own private entrances, and are designed to resemble

single-family homes, while offering a convenient and affordable alternative to traditional large freestanding homes.

Customarily found within smaller cities or surrounding suburbs, townhouses have become increasingly popular in Australia’s urban areas. They are often built in rows of four, six or eight, primarily with similar features and located close to amenities like parks.

What is the Difference Between a Townhouse and a House?

Although a townhouse and a single-family house may hold similar features, the difference lies in their structural design.

Houses are independent structures with every wall and piece of land under separate ownership. Typically, a boundary or fence separates them from adjacent properties, providing a degree of space.

Townhomes, on the other hand, usually form a chain of multilevel properties with less overall area.

What is the Difference Between a Townhouse and a Unit (Apartment)?

Unlike the difference between a townhouse and a house, when comparing a townhouse vs apartment buildings, the contrasts are far more distinct, particularly with their architectural design and layout.

As mentioned above, townhouses are typically one of a row of multi-level properties within a master-planned community, but apartments are typically single-level units within a larger building. Additionally, townhouses feature individual entrances and private outdoor spaces like front and back yards. In contrast, apartment dwellers usually

access their homes through a common lobby and have limited shared spaces, such as gyms, entertaining areas and swimming pools.

While it might be subjective, townhouses are also said to offer more privacy and a ‘homier’ feel, with separate living and sleeping areas, compared to the more compact layout of apartments.

What is the Difference Between a Townhouse and a Duplex?

Now, let’s review a townhouse vs a duplex.

A duplex is a conjoined property divided into two separate living spaces, each with its own entrance, utilities, and outdoor areas. Such an arrangement allows for two separate dwellings on a single block of land, proving enticing for developers and investors looking to save on costs.

While duplexes are often limited to two units, townhouse developments can comprise several units spanning several blocks, with shared amenities and common areas managed by a homeowners’ association or strata corporation.

When considering which property type is right for you, consider the level of privacy, maintenance responsibilities, and community amenities you desire.

Is a Townhouse a Good Investment?

For those searching for a property that balances space and affordability, a townhouse can be a solid investment option.

While location will obviously be a defining influence, townhouses are generally less expensive than standalone homes, while still providing a more spacious living area and privacy than apartments. As they are part of a larger community, townhouses can also have amenities that enhance the property’s appeal.

Additionally, the demand for low-maintenance, modern living spaces is increasing, making townhouses an even more popular choice among homebuyers and renters in Australia. Location, property condition, and local market trends can also influence the return on investment for townhouse properties.

What are the Advantages of Living in a Townhouse?

If you’re still wondering whether a townhouse is a good investment, there are several advantages you can consider, including:

• Low Maintenance: The compact nature of townhouses means they require less upkeep, particularly in terms of yard work
• Increased Privacy: For those seeking the privacy of a house without living in an apartment, townhouses offer more seclusion as there are no shared hallways, elevators, or lobbies. Unlike an apartment, you won’t have neighbours surrounding you on all sides.
• Ample Space: Townhouses typically provide more space than apartments, with multiple levels allowing for additional bedrooms or home offices. This makes them an ideal choice for first-time homebuyers needing some extra room.

Private Outdoor Area: Again, when comparing a townhouse vs an apartment building, townhouses often include a small private outdoor space, such as courtyards or lawns, as well as a private garage.

Are Townhouses Cheaper than Houses?

Townhouses can be more budget-friendly than detached single-family homes, even with similar square meterage, as they deliver more value by providing ample space without the added cost of land. The ongoing expenses, such as maintenance and insurance, can be typically lower, but consider factors such as location, size, and amenities when comparing the costs of different property types.

How Long Do Townhomes Last?

The lifespan of a townhouse is similar to that of a single-family home, with many lasting well over 50 years with regular maintenance..

Proper upkeep and prompt repairs will also help extend the life of a townhouse, ensuring it remains a comfortable and valuable investment for years to come.

Enquire Now

Townhouses offer a unique blend of affordability, convenience, and community living, making them an attractive option for many homebuyers and investors across Australia.

If you’re ready to take the leap into an exciting new part of Victoria, review the selection of townhomes available at Carolina, Deanside today. Our team of experts can guide you through finding the best option to suit your preferred style and budget.