There are a few options available when you decide to get your own home. And one of the best is a townhouse. But what is a townhouse and is it the right choice for you? Townhouses are typically multi-floored homes that are individually owned and have a shared wall with one or two other townhouses. Let’s take a look at the benefits of owning a townhouse so you can make an informed decision about your future home.
Our team of New Home Specialists know how to make the most of your financial situation. By using Darren Walters’ no or low deposit new home system, we have helped thousands of our clients get into their dream home. The first step on your homeownership journey is to use our pre-qualification form to receive your borrowing capacity. Then one of our team members will be in contact to help you with the rest of the process.
One of the primary advantages of a townhouse is affordability. The price of townhouses is generally lower than traditional houses. Making them more attainable for people looking to buy their first home or downsize their current property. They offer the same number of bedrooms and living space for a lower price.
The No1 Property Guide team has a wide range of options when it comes to getting you into your new home. If a townhouse is the right option for you, we’ll work to build you your dream townhouse.
A Low Maintenance Home
If you’re looking for a home with the benefits of large indoor living space but without a big garden or yard that requires frequent maintenance, a townhouse is the right choice for you.
Most townhouses have a small outdoor courtyard that requires far less maintenance than a typical backyard. These courtyards will usually have just enough space for outdoor furniture to host friends or relax in the sun. But there’s still enough space for you to easily create and maintain a beautiful garden as well if you have a bit of a green thumb.
Functional Design of Townhouses
The multi-level design of townhouses offers the flexibility to create a home that suits your style across multiple levels in a single property. Townhouse layouts use efficient design choices (like hidden storage spaces) to utilise all the available space. Storage rooms under the stairs are a popular choice, but this area can be used for whatever your heart desires. Modern interior designs provide a great range of functionality without losing the feeling of having a wide, open home.
How Townhouses Are Environmentally Sustainable
Newly built townhouses are designed to be energy efficient. So you can reduce your carbon footprint without giving up the luxurious style of your home. Townhouses are built in sets, with one or two walls attached to each other. Having fewer exposed walls results in reducing the heat in summer while helping to retain it during winter. Meaning you’ll spend less on heating and cooling your home.
Of course, if you want to go all-in with sustainable living choices, then talk to our New Home Specialists about adding solar panels and other eco-friendly choices to your home design. We’ll work with you to include any additions that your borrowing capacity allows. While also keeping the great affordability and functionality a townhouse provides. We can even help apply for any grants or rebates you might be eligible for.
Townhouse Investment Opportunity
Building a townhouse can also be an incredibly profitable investment opportunity as well! A block of land typically only fits one house on it. However, a standard block of land can often fit two or even more townhouses into the same space. This is obviously a great option if you’re looking to utilise your space to the max.
Instead of building only a single home, consider building 2 townhouses, living in one and renting out the other. As long as you do your research and build in an area with a strong rental yield, you will most likely be able to cover your mortgage repayments from the rent you receive.
Want to know your property investment options? Then fill in our pre-qualification form or speak with our Investment Specialists. They’ll provide you with all your factual options and will help you take the first step on your investment journey.
Whether you go for a multi-floored townhouse, or a more traditional house ultimately comes down to what’s best for you. Your new home should suit your lifestyle.
Here at No1 Property Guide, our team focuses on providing you with the best option to escape the rental nightmare. Even if you don’t have a deposit.
Darren’s system makes it simple to get into your brand new home, just fill out our pre-qualification form and one of our New Home Specialists will be in contact to streamline the process. From application to picking up the keys to your new home, we’re with you every step of the way. Join thousands of renters just like you who have used Darren’s no or low deposit new home system to achieve their homeownership dreams!
Read More – What is a Townhouse?
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*The information contained in this article is intended to be of a general nature only & does not constitute financial, legal, or taxation advice. No1 Property Guide recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.