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Townhome Vs Single Family Home All Locations : Nationwide Real Estate Advice

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Showing results for Townhome Vs Single Family Home [Clear search]
Mon Apr 16, 2012
Thomas Feng answered:
Priya, in my professional opinion the value should appreciate in the coming years but not by too much because new construction properties start at higher price points. Also, when all conditions are held constant, townhome/condos always appreciate slower than single family homes. The economy and the area are picking up though so I'd say in 7-8 years the whole area should be brought up and that will increase the appreciation of it's value.

Having a unit that is closer to the street vs being tucked into the complex will decrease its selling price but that does not have much to do with its appreciation because you likely will be buying it for less than the price of an interior unit.

Please check out my blog post on the common pitfalls home buyers fall into when buying new construction homes http://bayareaconnect.com/how-to-buy-new-construction-homes-thomasfeng-bayareaconnect/

Please give me a call at (408) 840-3852 or shoot me an email at Thomas.Feng@gmail.com to further discuss other things to look out for in new construction homes.
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0 votes 8 answers Share Flag
Sun Nov 22, 2015
BXT AXT answered:
Hello Bonnie,

The big questions is what is your price range. I'm working with some people looking to buy a place to retire to in Dell Mar in Coronado because they can walk to the beach and the stores but they're looking to spend about $800k. And I have someone else looking in Poway for under $300k. The best thing to do is find a Realtor you're comfortable with that way you'll get the best service.

Ben
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Thu Nov 13, 2014
David Cooper answered:
INVESTORS ARE FOCUSING ON HIGH CASH FLOW HOMES IN GOOD AREAS PRICED BELOW $90,000
here are the best selling zip codes for 4th qtr 2011
***** THIS is where I would buy.
University not great area for appreciation, strip is overpriced. 5 miles west of strip, toward Summerlin. 2+2 going for 45,000 and rents for $750/month. Be care HOA fees Call me
or send me your email

89052.....422 sales
89074....339 sales
89108....431 sales
89117....343 sales
89122....363 sales
89123....395 sales
89139....366 sales
89147....354 sales
89148.....393 sales
89149.....383 sales
89178....416 sales
89183.....326 sales
89031....544 sales
89032.....328 sales

DAVID COOPER Since 1917 Realty. Foreclosaure Purchasing Agent and Property Management
702-499-7037
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0 votes 13 answers Share Flag
Sun Apr 1, 2012
Marsha Bowen Washington answered:
Congratulations on your future plans to marry your fiance. I too moved to NJ from NYC for more of a suburbia lifestyle. Since you want to be close to the city, you should first decide on the type of commute you desire and the length of time you desire. This will help to narrow down some potential areas for you to search. There are some areas that are strictly bus commuting towns and some that are both bus and train. Also, consider a monthly budget to commute. Commuting costs can be costly depending on how far you commute from the city. Lastly, you should decide on how much per month you want to pay in rent. House prices have come down in some areas that it could be cheaper to purchase a home.

If I can be of further assistance, let me know.

Best of luck to you!
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0 votes 7 answers Share Flag
Sat Mar 31, 2012
Carlos Escamilla answered:
You will have to do the math.
if the rent is 1500 a month and the purchase price for a similar unit is between 150K and 180K is better to buy.
But if for example you are paying rent for 1500 a month and the purchase price is 300K you will have to love the house.
the other scenario could be you are currently renting and you wants to change the old kitchen, or remove a wall from the inside, change color to live colors, and if the owner is not agree with all this changes you cannot make them. But if you own the house there one to tell what to do or not do it unless there is an association.
well the choice is your but this is the most common situation between owning a place compare to renting.

Carlos Escamilla
Realty World Executive
305-300-8814
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0 votes 9 answers Share Flag
Mon Apr 16, 2012
Angel Calzadilla answered:
When you look at buying a townhouse in a planned community, you first have to know what you're buying - how the house is deeded.
There are two types of ownership...
1. Fee-simple. This is the type of deed 98% of single homes have. The deed covers both the land and the structure.
Many townhouse communities have HOAs (Home owners Association), and membership in the HOA is specified as mandatory in the deed.
Fee-Simple HOA.

You are responsible for all repairs to the exterior of your house...because you own the outside of the structure.
The HOA usually owns common ground outside of homeowner boundaries, either open space or often things like a pool, tennis courts, playground. These facilities are run by the HOA, and your HOA monthly dues pay for expenses, wether you use those facilities or not.
Also, the HOA may or may not have blanket contracts for things like landscaping, trash collection and snow removal.
The HOA may also have architectural guidelines that specify what you can do outside of the house(yes, on your property) as to plantings, paint colors, additions, etc.

2. Condominium.

Your deed gives you ownership of the interior of your house...from the studs in. The Condo association owns the land and the outside of the house..roof, decks, patios and outside walls.

The condo association, which you automatically belong to, collects fees and negotiates contracts for all common areas and things like the pool, etc.

One of the big differences, as far as quality of life, is the fact that your front and back yards are common property in a Condo - and people can and will walk through your yards.

In my opinion there is nothing like a well maintained single family home and much more when one is a financially conservative individual or couple.
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0 votes 12 answers Share Flag
Thu Apr 19, 2012
Mariana Gabay answered:
Congratulations! Buying a home is a wonderful thing. The first step would be to choose a realtor for you to work with. The second step would be to get pre-qualified by your choice or recommended lender. That will tell you the price range you can stay within. Unless of course you are a cash buyer, then omit that step. I specialize in Sunrise, please contact me.

Mariana Andrade
The keyes co
(954)548-9799
Marianarealestate@gmail.com
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0 votes 12 answers Share Flag
Fri Nov 18, 2016
Raquel Berdichevsky answered:
Hi Freya,
If you intend to use the property yourselves, then you will have to consider one that allows short-term rentals. Those kinds of properties are generally in the Kissimmee area, near Disneyworld.
Once you have decided that you are buying near Disneyworld, it will then depend on your budget whether you buy a luxury property or less than that. A pool is almost a requirement if you intend to rent it for short periods of time.
I would suggest that a 3 to 4 bedroom house will give you the best rental opportunities for holidaymakers. It is always a question of budget in the end.
Alternatively, there are some very nice condos that require less upkeep (although you pay more in Home Owners' Association fees) in communities where short term rentals are allowed. Once again, they tend to be near Disney, which is of course the greatest attraction.
Please feel free to ask me any other questions if I have not answered your enquiry thoroughly.
raquel@orlandorealtyqueen.com
407-453-0292
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0 votes 20 answers Share Flag
Mon Mar 12, 2012
Tina Herrmann answered:
Location is fantastic, maybe 4 miles from Disney, grocery store less than a mile. The builder is one of the better ones I have seen. The only problem I can see is you may have a few kinks as with any new home, but you have the builder warranty for anything that may arise.
I live in the area if you have concerns or need my guidance in searching the area. I would love to help.
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0 votes 7 answers Share Flag
Sun May 13, 2012
Ron Thomas answered:
Buy if;
You are going to stay in one place for a while; like until the youngest graduates
You are tired of Grafetti
You need 3 or 4 bedrooms
You want the tax deduction
You believe that house prices are going up
You want to have a lawn & garden
You want some privacy
You like to do work on the house
You want something more than a Car Port
You would like something in green or blue

Rent if,
You think housing prices are going down
Your credit stinks
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0 votes 13 answers Share Flag
Sun Nov 11, 2012
Corey Toushin answered:
Hi John,

This is a good question. The truth is, public websites will only publish rates that rental properties are LISTED for. Only an agent with access to the MLS (multiple listing service) can see what a propertie(s) actually rent for. I'm more than happy to help you find the information you're looking for, so feel free to contact me anytime.

Thanks,

Corey Toushin, REALTOR
Realty One Group
(702)525-5170
ctoushin@gmail.com
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0 votes 45 answers Share Flag
Sun Feb 12, 2012
Jill Denton answered:
Prices are low, but its still Pleasanton. Interest rates are low and rents are going up. Long term, a great investment. Positive cash flow, honestly more challenging. We'll have to run the numbers. ... more
0 votes 8 answers Share Flag
Sat Jan 28, 2012
Malik Crichlow answered:
Hey Ingrid,

What information do you have about the property? do you have an MLS # or an address? I can look it up for you and answer any questions you may have.

Malik Crichlow
BROKER/OWNER , CDPE, SFR
GoodBuy Homes NJ Realty
1811 Springfield Avenue Suite 2

Maplewood, NJ 07040
Office: 973.762.4662

Direct: 347.538.6864
Fax: 973.762.4662

Info@Goodbuyhomesnj.com
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0 votes 9 answers Share Flag
Tue Jun 19, 2012
Greg & Sheila Benson answered:
A question like this was posted not that long ago, and I'd say the answer would be about the same. There is nothing wrong with purchasing a new home within your budget, however, the most important rule is: location, location, location. With your desire to own a home in a more desirable location and school district, my concern is with the spread that could occur over the next 4-5 years with the appreciation of the desired home outpacing the value on the condominium. Generally better neighborhoods with better schools fare better in appreciating markets, so the question to you would be can you bridge that gap when that time comes. Condo's typically have a lower rate of appreciation than single family homes, which is another factor to be considered if that market is trending up. But ultimately, you have to decide what kind of home you really want to be in, and whether you've explored other housing options before jumping ahead. A good agent should be able to help you sort it all out, sound like more data and perhaps more looking are in order. Wish you well. ... more
0 votes 7 answers Share Flag
Mon Jan 23, 2012
Mott Marvin Kornicki answered:
Henry:

Here is my take on Condo vs. Townhome and it goes for all areas and regions. I've studied the stats and the results are favored in this order; #1 - Single Family Home #2 - Townhome and #3 - HighRise Condo #4 - MidRise to LowRise Condo.

No comment about
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0 votes 5 answers Share Flag
Fri Jan 20, 2012
Susi Yarbrough-Salhaney answered:
Hello,
I would certainly have one inspector come out to perform a general inspection. He/she would be able to let you know if it's necessary to do other inspections, ie: roof/HVAC, etc.

How long has it been since you've painted the inside/outside?
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0 votes 18 answers Share Flag
Sun Jan 15, 2012
Francisco Putzeys answered:
Hello: I am an investor as well as a Real Estate agent and I never buy a duet unless is at a whole sale price and immediately I sell it at a low price to make a profit right away. About the difference in price of a duet and SFH it is not true a duet is much cheaper than a SFH and harder to sell my advise to you is to buy a home even if the home is small preferably if the home needs a little work that way you can sell it for profit much sooner and buy a home much closer to a home you would be happy to live in for a long time. If you have anymore questions please do not hesitate to call Francisoc at 925-565-5824 Thank you
Thank you Trulia for helping buyers
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0 votes 7 answers Share Flag
Thu Jan 19, 2012
Marcy Moyer answered:
Sam, In general condo and town home prices are pretty low through out the Silicon Valley as compared to 2007-2008. They have not come back as much as single family homes have, and some complexes have been hit hard with short sales and foreclosures, tougher lending qualifications, and too many investors which makes getting loans more difficult, and financially unstable HOA's. So, I think the safest units to buy would be those built after 2009 or before 2000. These complexes are the least likely to have owners with bad loans.
The next thing to look at would be high scoring school districts vs lower scoring school districts. If you are getting a 3 bedroom unit then higher scoring school areas are going to give you a better return on your investment. These would be areas like Cambrian with Union or Cambrian schools, parts of Santa Clara, most of Mountain View, Cupertino, Saratoga, Los Gatos, Almaden, most of Campbell, and west San Jose with Moreland or Cupertino schools. If you are buying one or two bedrooms then staying close to a downtown area like Castro Street in Mountain View or Main Street in Los Gatos, or in central Campbell is a great investment. Another area to think about is the eastern part of Sunnyvale. There is tremendous new development going on there which is really increasing the school scores as children of silicon valley engineers and other professional move in. If you do want to look at new construction take a realtor with you the first time you go to make sure you can have your own representation, and check and make sure they allow investors.
Marcy Moyer
DRE 01191194
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0 votes 10 answers Share Flag
Sun Feb 19, 2012
Lalo Herrera answered:
Mat,

You have several options so what I would recommend is to contact a local agent and have a discussion inregards to your preferences and lifestyle. I would be more than happy to have a no obligations buyers consultation with you and your family and give you my opinion. Feel free to contact me at your earliest convenience.

Lalo Herrera
512-698-1588
Lalo@kw.com
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0 votes 31 answers Share Flag
Sun Dec 11, 2011
Carlos Herrera answered:
Hey Henry,

I would personally recommend a home. This will vary based on your interests and what you would like to have as far as ammenities, privacy, etc. Homes are relatively easy to rent in the current market and finding well qualified tenants is easier than before.

Send me a message if you like and I can answer more quetions for you in regards to specific areas for investment. I work with cash buyers regularly and my first experience in the real estate business was as an investor & property manager.
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