Buying a Townhouse

Townhouses or townhomes are great in-between options that include some of the benefits of a house and a condo. Enjoy more space, multiple levels, and often times a garage. Plus, they allow you to own your very own little patch of land to call a yard.

Owning land with little maintenance

Consider this. You might want a yard, but not the maintenance that comes along with it. In that case, you can find a townhome with a small yard, and it may even provide lawn maintenance for an association fee. Association fees can also cover snow removal, outside maintenance, trash removal, and other services provided. These services are highly convenient for busy professionals, older couples, and other owners who do not wish to deal with maintenance themselves.

An affordable investment

Townhomes are now the fastest-growing segment of the single-family housing construction market, according to the National Association of Home Builders. They tend to sell for much less than detached single-family homes. In fact, the median price for a townhouse was $198,000 in September 2016, about 12 percent less than detached single-family homes, according to data from realtor.com®. And, because of numerous factors, including property size, you can expect to pay less in townhome property taxes as compared to a single family home.

With some of the best service rates in the industry, American Financing can do what it takes to get you into the right home — with the right home loan — when buying a townhouse. Call (800) 910-4055, or complete the online application. Let our expert team guide you through buying your dream home.

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