Townhouse
A townhouse is a multi-floor home that shares one or more walls with adjacent properties but has its own separate entrance. Townhouses are similar to terraced houses in that they usually are located in rows of similar designed houses. A main distinction is that a town house is usually over three floors maximising the footprint of the home but still having enough living space for families.
What is a Townhouse
In the property market, townhouses represent a unique housing style that caters to those seeking the comfort of a traditional home with the convenience of community or inner city living. Characterised by their distinct architectural design, town houses are typically two or more stories tall and can be part of a larger complex with shared amenities. Unlike detached single-family homes, townhouses share walls with neighbouring units, but unlike apartments or condos, each townhouse has its own entrance and often includes additional features like a small yard or rooftop terrace.
The origin of the townhouse can be dated back to when wealthy people all lived in country homes and needed a residence for when they were in the cities for a period of time. In these time wealthy nobles would move their house staff and other belongings into the home so they could stay in the city for extended periods of time.
Townhouses are an appealing option for many due to their smaller footprint allowing for higher density of properties which help make them a more affordable option. The additional floors contained within can increase the number of bedroom and the living space making the property type even more cost effective.
The value of a townhouse can vary widely depending on location, size, amenities, and the overall housing market. While townhouses might be more affordable than detached homes in the same area, they often offer strong value retention and appeal to a broad market, making them a solid investment. Their value can be influenced by the quality of the community amenities, transport links, and the demand for low-maintenance living options.
Frequently Asked Questions
Townhouse is a term that you may have heard before, but you might not be sure what it means. Here are some common questions and answers to help you understand what it means.
