Secrets Townhomes and Single Family Homes Differ Amazingly
Cost Considerations: Initial Investment and Maintenance
When it comes to cost, townhomes often present a more affordable entry point into homeownership. They generally have a lower purchase price compared to single-family homes, making them an attractive option for first-time buyers. However, it's essential to consider the long-term costs, including homeowners association (HOA) fees, which cover maintenance and communal amenities in townhome communities. Single-family homes, while potentially more expensive upfront, do not typically incur these additional monthly fees2.