Talk with a local agent or Realtor to help, most of the time as the buyer it will not cost you anything to use one. Looks like there are several agents that took the time to answer your question right here on Trulia.com, pick a couple, get in contact and get started. Best of luck.
Licensed Associate Broker
Accredited Buyer Representative
GREEN Designated Agent
William Raveis Legends Realty Group
Buying your first home is exciting. If you are looking for good schools, you can research the test scores (SOL's & PSAT's) that are given to all school children of the same age. The scores will show you how well students are doing in a specific school within the county. You live in Henrico county so I will share the website that you can look up the information that you are looking for. You also might visit the schools personally to tour the facility as well as find out where their strengths are academically. As far as a townhome or single family, keep in mind that when you purchase a townhome or a condo, the monthly maintenance fees are also added to you debt ratio.
For more buying and selling tips, please visit http://www.RochesterHomeLocator.com
Salafia Sold Team
On the one hand, a single family home probably will appreciate more than a townhome. That's a very broad statement, and there are plenty of exceptions to it. Still, overall, it applies.
A single family home will likely (depending on lot size, of course) give you and your kids more room to play, relax, etc., outside.
In many areas, there are more rentals in townhome complexes than in single family home communities.
On the other hand, the exterior upkeep is usually much simpler in a townhome than in a single family home. And if you buy in a community with an HOA, much of that (lawn mowing, leaf removal, snow removal, etc.) may be taken care of for you.
So there's no "right" answer.
Look for good location first. Overall good community, convenient to transportation, shopping, etc. Once you've identified some good locations, then look at the statistics: schools, crime, etc. Then look at prices for townhomes and single family homes in those areas. Ideally, you'd be able to afford either. Perhaps, though, you could only afford a townhome. Then take a look at the actual properties in those areas.
If the actual properties don't measure up, then either you may have to raise your budget or expand your search to other communities. Frankly, that's often the case--balancing the home you like versus the community. But start with the community search first. You're going to be living there, so you want a place you and your family feel comfortable with.
If you do have to make a tradeoff between community and a specific property, choose the community.
Hope that helps.
A townhome on the other hand offers less in maintenance. And the cost tends to be cheaper, depending on the area and size you select.
I suggest you take a look at both and get a good feel of what you like. Many people think they want a single family and then realize it is too much for them. On the flip side, some people think they want a townhome only to find a perfect single.
No matter what, enjoy your search. It is a big purchase and the process can be fun! Let me know if you need some help!
First of all stand back take a deep breath and put a smile on your face! This is going to be a great learning experience! As far as townhome or house. I would pick location and maintainence as 2 of my deciding factors the other would be how long am I going to stay in this place and what will my needs be 5 years from now. I say buy the best house you can afford in best area especially for resale value.
Best of luck in your search of home ownership.
I'd suggest getting the best home your budget will afford in the area where you really want to be. Location, location, location is what it's all about. If your budget will get you both the neighborhood you want and a single family home, then I'd opt for the single family home as they tend to sell and retain value better than townhomes. Welcome to home ownership!
From an emotional standpoint, decide if having your own backyard is important for you.........decide if .being able to be in control of your own home (what color to paint the exterior, for example), and not being regulated by HOA rules and bylaws is important. to you.
Pick the location you want, first........then see what your price range will offer...........if you have a growing faily, a single family home will give you future expansion options that a townhome won't.
That question is usually answered by your home budget. If you can get a good deal on a single family home they generally sell and re-sell better than townhomes. However, your lifestyl will be a factor too. Do you hate yard maintenance? Is the townhome you can afford in a better area than the single family? Townhomes certainly sell as well so get the best house you can within your budget and best of luck.
Jessica Ballas, Realtor
Keller Williams Flagship of MD
Long & Foster, Realtors
The best person to answer your question is yourself. Start by considering your current household, and the needs of each person in it. A family with three children may not be comfortable in a two bedroom townhome, but if both parents work a lot of hours, who will be able to take care of the yard at a single family residence? Is privacy more imprtant to the family, or are you more social?
My recommendation to you is to sit down with a pad of paper and determine your wants and needs first, allowing input from each member of the household. Then prioritize the list. Bring your list with you when you speak with an agent, he or she may have additional questions you have not considered. Your list may answer the question for you.
Best of luck in your home search.
Don "Buddy" LaRue, Realtor
You've got a Buddy in the real estate business.
Feel free to call of email me should you have any further questions.
Ryan C. Sanford
9401 Courthouse Road, Suite 200
Chesterfield, VA. 23832
804-423-2392 e fax
I would be happy to discuss the pros and cons of each type of housing. As a few others have mentioned, you need to know how much you can buy so the appointment with a loan officer is important. Once you have a good picture of what you can spend, we can establish your particular criteria including size, location, price, etc. I work with first time buyers and know the Glen Allen area well. We also have a mortgage company in house at our office. Please call if you would like more help with your home search.
Tim Dunkum, REALTOR
The Tuckahoe Office
Long and Foster, Inc
8804 Patterson Avenue
Richmond, VA 23229
804 740 3000 Office
804 754 4659 VM
I would like to talk with you in detail about your search. Please give me your phone number and I will be happy to call you. Or, please log onto my website http://www.LydiaCall.com and sign up as a VIP member. You will then have access to the MLS system in Richmond.
Lydia A. Call
Please feel free to give me a call, I would be more than happy to help you with the loan process and discussing the details!
**Top Producer & Quality Award Winner**
Century 21 All American
Single family homes are great for indpendant living away from the rules and regulations of a townhouse association. Townhomes can offer things that would free your time such as the maintence of the grounds,a poool or tennis in the devolpment and more.
The decision is yours. Most of our buyers prefer single family homes, however we do get those who want townhomes just not nearly as much as the single family.
All the Best
Dave & Lisa
Typical families with small children prefer larger yards where they can play have swing set and etc.
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
Find a good agent to help you through it all.
You'll be the one waking up every morning and coming home every night.
Do you want to cut the grass? Do you want to be responsible for exterior maintenance? Etc, etc.
Your lifestyle will dictate.
So, make those decisions, get pre approved for a mortgage and find a great buyer broker agent!
Licensed Mortgage Originator in the Commonwealth of Virginia
I agree with Sandy, your first step is always to talk to a qualified loan officer to figure out what you can afford. Then, find a well-regarded realtor that works in the areas you have targeted. Good luck and happy house hunting!
Melissa Loughridge Savenko
509-511 N. Meadow Street
Richmond, Virginia 23220
Give me a call and I would be more than happy to help you by discussing this with you in more detail! It is certainly a buyer's market, so whatever type of home that you buy, you can get a great deal now.
Envision Real Estate, LC
804-972-9927 Cell Direct
804-262-0001 Broker Office
Good luck in your pursuits!
Realtor, GRI, CSSN
John Hall & Associates