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And some of the lines are somewhat blurred, but the true attached
to adjacent houses. Typically, ownership of the townhouse comes
with ownership of the land that its on.
While condos are sometimes also physically attached to other units,
when you buy a condominium, you do not own the land beneath
your home, despite the fact that you may be required to contribute
to the general upkeep of the common areas.
Townhouses, also sometimes called row houses, can be built as
single or multi-storied structures. They can be attached to other
houses with one or both sides sharing common walls, depending on
whether the unit is in a center or end position. Townhouses can be
grouped together as small units, such as duplexes or triplexes, or
they can be a part of a huge townhouse complex. If your townhouse
is located within one of the larger complexes, you may be required
to pay fees for the upkeep of common areas, as well as taking care
of your own yard.
Townhouses offer at least a little green space, most often in the
form of a small backyard area and landscaped walkup that leads to
the front door. Some townhouses are designed to include backyard
patios or upstairs balconies to enhance the feeling of open space.
Some advantages to buying a townhouse include: less
responsibility for maintenance because of reduced exterior areas;
higher security with neighbors right next door; amenities such as
swimming pools or tennis courts (available in larger complexes).
But not everyone is suited for the townhouse lifestyle. Compared to
owning a single-family dwelling, owners will lose a degree of privacy;
be somewhat restricted as to how they can decorate the exterior of
the dwelling; and, they may have to incur expenses to help pay for
landscaping services and upkeep on the overall property.
If the concept of owning a townhouse does appeal to you, you can
find a wide variety of styles and price ranges. Townhouses can look
rustic, traditional or modern--the design of your townhouse is only
limited by the imagination of the architect. As always, the real estate
market and property location dictate market value for most