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…