What You Need to Know: Townhouses

What You Need to Know About Enterprise Townhouses

Could an Enterprise townhouse be your next dream home? There are certainly many upsides to owning a townhome compared to single-family dwellings. We'll walk you through and give you a few insider tips so you can make an informed decision. 

What Are the Advantages of Living in an Enterprise Townhouse?

Townhomes, with their homeowners' associations, offer many perks you might currently enjoy as a renter but with the bonus of homeownership. Townhouse dwellers enjoy stress-free living without worrying about expensive exterior home maintenance, landscaping, or pool upkeep. Many townhomes in Enterprise offer sparkling pools, hot tubs, and other amenities like a gym, clubhouse, barbecue area, or dog park. The close-knit community you'll enjoy in a townhome offers added security and a neighborly feeling you might not have in a single-family home. Townhouses are great options for first-time buyers and seniors alike.

Do Townhomes Retain Their Value?

Real estate in Enterprise is a limited asset that appreciates in value over time. Townhomes have a reputation for losing value first during slow housing markets and appreciating in value a bit slower than comparable single-family homes. But these trade-offs may be worth it to you as a buyer. You'll usually get far more square footage per dollar, saving money on your initial investment.

What is the Difference Between a Condo and a Townhouse?

Condominiums—also known as condos—are often confused with townhomes. They share some similarities, but there are also key differences to bear in mind. When you own a condo, you own one unit within a larger complex or community. Many condos are apartment-style units in large buildings. Condo owners own everything within their unit's walls but do not own the exterior structure or land. Townhouses are usually attached properties in a row with shared walls. Townhome owners share some expenses and common property with their community, but they also own the land and exterior parts of their unit. As a result, townhomes offer more responsibility and bring more benefits.

Your Next Steps

As you search for your next home in Enterprise or Coffee County, keep your mind open to the possibility of a townhouse. If you have additional questions, reach out to Team Linda Simmons—we're always here to help.