Townhomes are either freestanding homes or row homes, which the purchaser owns outright. They are typically laid out as single-family or multi-family homes with between one to four units.
Owning a townhome offers increased privacy and the potential to earn rental income on the units that are not owner-occupied. Townhome owners are responsible for all costs associated with the home, including maintenance, utilities, and taxes.
Financing:
Typically up to 90%
Inventory:
Neighborhood-specific
Ownership:
Individual deed
Building Approval:
Not applicable
Monthly Expenses:
Taxes and homeowner’s insurance
Sublet Policy:
Not applicable
Cost:
Neighborhood-specific