Living in a townhome can provide a number of benefits. For one thing, these properties tend to be a little bit less expensive than freestanding single-family homes. They also generally have smaller yards which means that you have to spend less time on exterior upkeep and maintenance.
If you are getting ready to buy a townhome in Forestville, Maryland, you need to do your due diligence to make sure that you know what you are getting into and that you have all of your ducks in a row. You should start by educating yourself about what makes townhomes different from single-family homes or condos.
When you buy a condo, the condo association usually takes care of the exterior maintenance and yard work. With a townhome, however, you are generally responsible for caring for your own yard.
Like condos, there are usually rules that you have to adhere to in terms of what you can and can’t do with your property. After all, your home is attached to the house next to it. That means that you can’t simply bulldoze it and build a new home in its place. Instead, you have to follow certain rules that govern how the property can and can’t be used. Each townhome owner in the unit has to agree to these rules when they buy their property.
Because of that, you need to make sure that you fully understand the rules and that you agree to them. For instance, you may not be able to paint your house a certain color or you may have to get permission before adding or removing a fence.
If there are common areas shared by all of the townhomes, you may have to pay fees to help maintain them. There also may be general homeowners association fees that cover other community-related expenses. Be sure that you understand all of these fees before you make an offer on a property.
Like any other type of property, you should also make sure that the townhome is located in a good location. There should be plenty of parking and it should be easy to get to and from work so that you don’t have to spend a lot of time commuting.
Buying a townhome in Forestville, Maryland can be a smart investment. These properties tend to appreciate in value over time, meaning that you may be able to come out ahead on your purchase as long as you do careful research before buying your property.