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Are there any benefits to buying a new townhouse, as opposed to buying an older single family detached house?

Ive been looking around craigslist and other various realtor web sites and have found, in the chantilly area, there are many new townhouses priced around the same as an older, larger, detached house. Is there a reason why the townhouses are priced as high as the detached houses? I would assume that the single detached houses, which are on lots 10 times as big as a town house, would be priced far higher. Any insight you could give would be appreciated.
Wed May 14 2008, 10:40 - Chantilly - Home Buying - 3 answers
 
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Big N
Home Buyer
in Chantilly
Big N, Home Buyer in Chantilly in Chantilly
Answers (3)
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Jeff Royce was FIRST TO ANSWER
Price doesn't necessarily equate to the type of housing. You can find condos that sell for more than a detached home too. It often boils down to the ammenities and the location. A newer townhouse with a 2 car garage, granite and stainless steel and hardwood floors might have a similiar value to a 15 year detached home with the "basics" in it. You need to look at both options and decide which one suits your lifestyle the best. Once you know then you can narrow your focus down to what you want in your home and make your best deal.

Wed May 14 2008, 12:23
Web Reference: http://cindyjoneshomes.com
 
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Big N,

I agree with Jeff. Another way to look at it is how close would/do you want your neighbors? If you want a little space go with the detached house.

As to why are they priced the same.... Are the detached homes you looking at new like the townhomes? Are they the same square footage? Do they offer the same amenities? If the answer is yes to all three, then the only other mitigating factor would be the location. If the answers are no, then you have your reason....

Wed May 14 2008, 11:08
 
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FIRST ANSWER
Big N....generally if you look at townhouses and detached homes at the same price level, the townhouses are going to be larger, nicer, and newer. If you go with a detached house with a yard you are really trading that nicer interior space for the yard. It is really a matter of preference. Some people like a nicer house and go with a townhouse, and others like a little more privacy and some space around them and go with a detached home.

Wed May 14 2008, 10:50
Web Reference: http://www.novaproperty.blogspot.com/
 
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