What is a townhome? Sure, the word townhome or townhouse refers to a particular type up of residential housing, but the best answer might be this: A townhome is typically a more affordable, sustainable, family-friendly, easy-maintenance home; one that supports community via shared amenities and is usually found in a desirable location.
Townhomes share similarities with both single-family homes and condominiums. In terms of ownership, townhome owners, like single-family homeowners, own their homes and the land they occupy. Condo owners, on the other hand, own just the interior of their homes, plus a portion of any communal land.
In terms of architectural style, most new townhomes for sale are like many single-family homes in terms of layout, with living spaces downstairs and bedrooms upstairs. Like condominiums, they share at least one wall with a neighbor and have limited outdoor space. Many condominiums are one level, while townhomes are typically narrow and tall, with two- or three-story floor plans.
The new townhouses for sale in Argyle, TX at Harvest by Hillwood offer one-story and two-story designs with two to three bedrooms, two and one-half bathrooms, and two-car garages with many have bonus spaces like game rooms. They also come with a convenient DFW location and access to Harvest’s award-winning lifestyle program and amenities. Want even more reasons to consider a townhome? Read on!
The number one reason to buy a townhome? With housing prices rising every year, townhomes are usually a more affordable alternative to single-family homes, offering new homebuyers and down sizers the opportunity to own homes in prime locations at a competitive price.
For example, the new townhouses for sale at Harvest have all the up-to-date style of today’s new construction homes – open concept layouts, large walk-in closets, quartz countertops, and stainless steel-appliances – starting in the mid $300,000s.
Since townhomes share walls with neighbors, there’s an automatic connection with the people in your community. Townhomes are constructed in neighborhoods with features that encourage neighborliness such as landscaped common areas, green spaces, walking paths, playgrounds, and parks. Some neighborhoods (like Harvest) have a lifestyle program that offers a set of planned events, parties, classes, and clubs that make it even easier to get to know others in the community through fun, engaging activities.
Most townhome communities share amenities that are paid for and maintained by a homeowners association (HOA). The amenities can be as simple as landscaping and trash pickup, or extensive, like those found at Harvest, including the Harvest Farm (where residents can have their own garden plot), Harvest Lake, the Fun Fields, The Hall, The Front Porch, the Fit Barn, The Splash, The Red Barn, The Dog Park, and the award-winning Farmhouse Coffee & Treasures, just to name a few.
Townhomes are typically easier to maintain. At Harvest, the HOA maintains the exterior of the building, which includes brick, siding, roofing, gutters, fences and trellises, yard maintenance, and irrigation.
Shared walls lower utility costs, and the smaller footprint of a tall narrow home means less impact on the land.
Townhouses, especially new townhomes for sale, tend to be in desirable neighborhoods convenient to employment, shopping, and entertainment. Townhome developments are also often in good school districts and walkable communities.
Like most real estate, townhomes have the potential to appreciate in value. Townhomes located in a new home community are especially likely to hold their value or appreciate because these communities are planted in desirable, up-and-coming locations and offer top amenities and good schools.
Homebuyers looking for affordable, easy-to-maintain homes with a sense of community often choose townhomes. According to Redfin Realtors, townhomes are “ideal for many who want the privacy and independence of a single-family home, but want less maintenance and the benefits of living in a community.”
Architecturally, townhomes are usually multi-level structures that have a separate street entrance and may have a garage. The style and structure of condominium communities runs the gamut, from one-story shared-wall casitas to high-rise apartment-like dwellings. Ownership is different, too: townhouse homeowners own the exterior of their home and the land it occupies, and they may or may not be responsible for the maintenance of those elements, depending on whether or not the townhome is located in an HOA community that includes exterior maintenance. Condominium owners typically own a portion of any communal land, and the interior of their homes.
Affordability tops the reasons townhomes are a good investment. Though they increase in value at a slightly slower rate than single-family homes, the lower initial home price often leads to a higher return on investment. Townhouses also offer potential rental income.
According to the National Association of Realtors, townhouses are the second most popular choice of homes in the United States. Their popularity is on the rise, partly due to the recent rise in costs of single-family homes, but also because first-time homebuyers and down sizers are looking for low-maintenance properties with shared amenities in desirable locations.
Where typical townhomes each have their own street entrances and roofs, stacked townhomes are, yes, stacked on top of each other, allowing for more townhomes under a single roof. For example, in a stacked townhome development, one townhome may have floors on the ground level and second floor, while the townhouse above it occupies the third and fourth floors. As with condominiums, owners of stacked condos don’t typically own the land beneath the building. Unlike condos, stacked condominiums are typically multi-level, and offer the opportunities and responsibilities inherent in typical townhouse homeownership.
If you’ve been searching for “new townhomes near me,” we hope we’ve convinced you that the townhouses for sale at Harvest offer many benefits. Our energy-efficient, new construction townhomes offer modern living at more affordable prices (and with less maintenance) than single-family homes. Our conveniently-located community offers a fantastic array of amenities and an award-winning lifestyle program.
If you’re looking at new townhomes in DFW, consider a townhome at Harvest by Hillwood. Our new construction builders have available homes, and many are offering incentives, so now is a great time to buy! Start your new home search online or contact us today.