If you are interested in buying a home in Parker, Colorado, you have several different options available. You could go with a single-family home that is located on its own lot. Alternatively, you could purchase a condo. A third option is to buy a townhouse. For many people, townhouses make the most sense. They combine a lot of the advantages of both single-family homes and condos, making them a good alternative to both. Here are some of the benefits that they offer:
1. Affordable pricing.
Compared to single-family homes, townhouses are usually a lot cheaper. This makes them a great option for first-time buyers who don’t have a lot of capital to invest. They are also a good choice for people who are downsizing or for anyone who wants an affordable place to live.
2. Little to no outdoor maintenance.
Most townhomes are set up with a homeowner’s association that takes care of all of the outdoor maintenance for you. That means that you get the benefits of having your own yard without the headache of maintaining it. Of course, that service does come at a cost. You typically will have to pay dues to the homeowners association on a monthly basis. As long as you factor this into your housing costs, however, it is a convenient way to make sure the outside of your property always looks great.
3. You can take advantage of common areas.
Many townhomes come with extra amenities like a community swimming pool or an on-site fitness center. They may also have other features like tennis courts, dog parks, basketball courts or playgrounds for kids. These amenities make living in a townhome extremely convenient and practical. You don’t have to drive all the way across town to do a lot of the activities that you enjoy like swimming or working out.
Townhouses in Parker, Colorado combine the benefits of both single-family homes and condos. Like a freestanding home, you have the benefit of having your own yard when you live in a townhouse. At the same time, however, you don’t have to deal with yard maintenance since that is handled by the homeowner’s association.
Like condos, townhouses usually have a lower price point than single-family homes, making them an affordable option. Because the homes are connected to one another, they also are usually more secure than freestanding homes since neighbors can easily watch out for one another.