Why live in a townhome or condo?

The opportunity to live in a townhome or condo has a lot of great benefits. It’s an ideal choice for a family who wants the feel of a single-family home without all of the many maintenance responsibilities that go along with it. Living in a townhome or condo is also ideal for a single person or working couple that has little time for maintenance or just wants to enjoy their free time instead of mowing the lawn.

With Toronto new home prices soaring over the past several years, many people can’t afford the deposit on a new home, while the idea of moving into a condo or an older, renovated home is equally as unattractive. What appears to be the best solution is a townhome with its own front door, parking spot, and in most cases private outdoor space.

If you’re thinking of buying a townhouse or condo, here are a few of the main reasons you may want to strongly consider it:

A classic that never goes out of style

There’s a certain historic and timeless quality of many townhomes or condos being built today. They’re found in virtually all great cities of the world – Paris, London, Boston, New York and now Toronto. They stand the test of time; they’re never victim to the trends of home builds and because of that, they just grow in value as time goes by. It’s a great investment.

All that greenspace

Townhomes and the land they are on is owned entirely by the homeowner, so there is a certain joy in knowing this small plot of land is yours to do with as you please. Whether you’re hosting a backyard barbecue or creating your own little garden, your outdoor space is your small oasis. Plus, some townhome associations include snow shovelling, lawn maintenance and landscaping for a monthly fee – an amazing convenience for those who would prefer someone else do their yard work.

Lower maintenance

The maintenance of a townhouse is far less than a single-family home. Typically, in a townhouse community, the homeowners’ association handles all the external maintenance to ensure a uniform appearance across all townhomes in the community and the owner is responsible for basic maintenance of the interior.

Part of the community

Because townhome residents tend to live in proximity to each other, you have the opportunity to really get to know your neighbours and build that sense of community amongst yourselves. This can also give you peace of mind knowing you’re all looking out for each other.

Multi-level is a major plus

Unlike condo-style living, generally on one level, one of the nice benefits of living in a townhome is the multi-level floorplans. You will have plenty of space (and privacy) for you and your family with bedrooms upstairs, spacious kitchens and even the option of fully finished basements. In addition, with many of us spending some or all of our time working from home, having the multi-floors makes it easy for two to work remotely without the risk of disturbing one another.

Urban living

Townhomes are designed for a convenient lifestyle. They’re located in urban centres with lots of amenities, shopping, restaurants, attractions and entertainment right close by. Good developers will often build in areas in proximity to public transit and easy driving access to the city, so homeowners are close to the necessities of everyday living. It really is the best of many worlds – convenience, community, space and no maintenance.