Town houses are a great second choice if you don't have the money to put towards a down payment on a home. In many cases they are purchased as a stepping stone towards single-family home ownership and are perfect until the timing is right to move up.
What Is a Townhome?
A townhouse is a tall and narrow home, usually two or three floors tall. Townhomes typically have more than one bedroom. These structures usually share walls with other similar townhouses, and inside each townhouse lives a tenant or owner.
Townhouses are excellent options for families that want to live in urban areas, as these types of structures are very common in areas that are densely populated. Townhouses are also excellent options for young professionals who want space to
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If you've never been through the home buying process before, it can be a bit stressful and scary. Sometimes you need the right advice to ensure you don't make any of the huge mistakes that could potentially cost you money, time and the home of your dreams. Here are a few of the most common mistakes first-time homebuyers make.
Millennials are different from other consumers. Their behaviors and priorities are different from Gen Xers, Boomers, and all who came before them. If you're a Millennial, you might be curious to know that there are many myths and rumors around the Millennial home buying process and habits. Knowing the reality of Millennial home buyers can help you decide whether you're ready to enter the real estate market.
Anyone who owns a home knows that there are many additional costs associated with owning a home. Many first-time homeowners base their decision to buy a home on their ability to make the monthly mortgage payments. In fact, there are many other costs that go into owning a home than just the mortgage payment.
Getting an appraisal is one of the best decisions you can make before either buying or selling a property. While it is not mandatory, the small price that you end up paying for this appraisal can end up saving you thousands of dollars in the long run. In most cases purchasing a home will be the largest investment of your life and beginning with a sure and confident foot forward is always the best way to get started.
The process of shopping for a home to buy has undergone changes in the past few years, many of which are positive ones designed to enhance the experience. A good example of this is the fact that buyers no longer have to rely on a printed catalog of homes for sale that may become quickly outdated or having to find that they missed out on the perfect home because it was snapped up within hours of being placed on the market.
A lot of homebuyers feel that they are making a completely logical decision when deciding to purchase a new home but sometimes they don't even realize that emotion may be swaying their decision to a certain degree. Quite often there are smells, sounds and colors that are influencing the buying decision that the homeowner isn't even aware of.
Dipping a toe into the real estate market can be both exciting and terrifying for a new buyer. What is the process of buying a home? Each step may be more detailed than the last, but this post is here to help with things to know before buying a house, from choosing a neighbourhood to getting a mortgage.
It's easy to get caught up in the speed, drama and pressure of bidding on a house that you are willing to skip a few steps to make sure you acquire the house of your dreams. You're suddenly willing to pay a few thousand more than you had intended. You're willing to go for a quicker closing date. You're even willing to skip the home inspection process, and just ask a knowledgeable family member to check it out for you. Slow down. Relax.
Homeowner's insurance can unfortunately be viewed as an afterthought after the tumultuous process of buying a home. After filling out form after form just to purchase the property, few buyers want to go through the complicated paperwork of their policy. However, home insurance is an extremely handy resource for homeowners to have, and a buyer should understand what their coverage is before they decide on a particular premium.