Townhouses – A Good Investment?

Townhomes are a very popular option for home buyers and renters and are available in a wide range of styles. A semi-detached house is attached to another house on one side, sharing a wall. Generally, both parts are identical in design, although there may be some differences. They are cheaper than single-family homes, as two homes can be accommodated instead of one. The wall shared between the two portions is called a “party wall” and any changes to the wall are subject to a legal agreement between the two occupants of the property.

A brief history:

The original design is credited to architect John Shaw and his son in 19th century North London. The row houses were generally attributed to the middle class. Around the 1920s and 1930s, a series of semi-finals of different styles appeared in the suburbs with spacious living rooms with modern amenities. After WWII it was common to see council semi-finals across the UK and eventually they became a preferred choice among home buyers. “Villa” style semi-detached residences in the suburbs are in high demand. As an evolving style, even single family homes are being divided to create two homes due to the price they fetch. The reverse is also common, where two semis are combined into a single separate property thus increasing its value.

What are the benefits?

With the variety in the style of construction, the area in which they are located, and the quality of construction, the following are the perceived advantages of semis:

• The cost factor is the first benefit. There is the advantage of a separate residence at a much lower price than a single family home.
• Compared to townhouses where the owner must park on the street, the semi-finals are equipped with their own garages and gardens.
• The semifinals offer privacy due to their location, as well as less noise pollution from neighbors.

A townhouse makes good investment sense for those seeking the benefits of a separate residence without the high associated costs. To choose the most suitable one, talk to the neighbors to get an idea of ​​the area. A property with a garden is an advantage as it increases the value of the property. The former council’s semi-finals are more affordable, spacious, and conveniently located.

Things to keep in mind:

Building a townhome is a great idea, but when a home buyer considers purchasing an existing property, it is important that the property be inspected. Since townhomes were originally built as a cheaper housing option, there is a chance that the quality of the construction is not up to scratch. Repairs and renovations, if any, should be considered before investing in the property. There is also the subject of the mortgage, the complexities of which must be properly understood before making the purchase.

The best starting point is a trusted developer with an excellent reputation who can offer multiple options and unbiased advice based on the buyer’s needs, chosen location, and budget.