Interest in townhouses is one of many major real estate market trends to watch in 2021. Here’s everything you need to know about buying a townhouse in 2021. 

2 Main Types of Townhouses 

• Freehold 

• Condominium/Strata 

Freehold Townhouses 

While these properties have the physical characteristics of a townhouse, nothing is co-owned or co-managed. You get control of the interior and exterior of your home. 

Condominium/Strata Townhouses 

These townhouses typically give you ownership rights to everything inside the unit’s structure, leaving the exterior ownership and maintenance to the condo/strata corporation. 

 #Fact: I can set up a search for you so you are among the first to know about newly listed properties that fits your requirements. Contact me here so I can get that going for you. 

The Affordability 

Townhouses’ average price typically falls between detached homes and condos. They also offer more space than most apartments, with developments in city centres. Also, it’s important to note that a property’s affordability also depends on your financial standing. Thus, talking to a mortgage professional is a good starting point in your real estate buying/selling journey. 

The Perks 

Owners enjoy the low maintenance lifestyle of owning a condominium townhouse. A condominium townhouse may also have shared amenities, which is a huge bonus. What kind of amenities are you looking for in your next townhouse? 

The Downsides 

Condo or strata fees and special assessments are 2 major expenses to watch out for. Fees cover maintenance, amenities, and general upkeep, while assessments cover major repairs. 

 

Overall, townhouses in 2021 will attract plenty of buyers. The lifestyle, space, and low maintenance requirements make townhouses an excellent choice for new families and couples.  Ready to start your search for your dream townhouse? Let’s chat! I already have a list of newly listed townhouses that you can look into. 

Here are my contact details (you can also contact me through my contact page here):

(604) 760 - 8995 

homes@murphytimmis.com 

www.debbiemurphy.com