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Old 09-27-2019, 10:43 AM
 
224 posts, read 129,395 times
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Townhomes vs Homes: What's a better investment?
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Old 09-27-2019, 10:58 AM
 
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At present, all else being equal which it never is, a detached house is generally better for growing or retaining value.
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Old 09-27-2019, 11:00 AM
 
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Too many variables. Location, size, health of HOA, community demographics, etc. These all factor into your ROI.

Townhomes may be easier to rent out, because they can generally be had for cheaper than a single family detached home. Single family homes may be easier to sell because they are generally bigger and have a full yard.

If you're concerned about the health of the community, research it and get on the board. At the very least, regularly attend board meetings. Most people don't go to these, so their feedback is often not heard.
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Old 09-27-2019, 11:02 AM
 
Location: Washington, DC
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Detached SFH are usually always worth more. However, usually, townhouses are better maintained due to HOA's.
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Old 09-27-2019, 11:52 AM
 
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Quote:
Originally Posted by sonnymarkjiz View Post
Detached SFH are usually always worth more. However, usually, townhouses are better maintained due to HOA's.
But one literally pays a price for the maintenance so any HOA dues need to be factored in which can really eat into either cash flow or profit (or both) depending on the amount.
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Old 09-27-2019, 12:31 PM
 
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Quote:
Originally Posted by austinnerd View Post
But one literally pays a price for the maintenance so any HOA dues need to be factored in which can really eat into either cash flow or profit (or both) depending on the amount.
Not sure about all markets, but your insurance and utilities will generally be much lower than with a house, because the HOA's insurance covers the exterior of the unit and the property. My policy is half of what I'd pay for a single family detached home. I don't pay water either. And I literally have to do nothing for outside maintenance.
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Old 09-27-2019, 01:08 PM
 
5,732 posts, read 2,649,633 times
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By the way, "home" means your domicile whether it's a cardboard box under the bridge, a rented apartment, or a palace. Home is not the structure.


You don't buy a "home". You buy a structure, which is a HOUSE.


Have you ever heard of a "home of ill repute"?


The correct terms are "townHOUSE" and "HOUSE" - could also be "single family HOUSE", "detached HOUSE", "semi-detached HOUSE", etc.
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Old 09-27-2019, 02:16 PM
 
5,850 posts, read 9,478,153 times
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Dwelling. SFD = Single Family Dwelling.
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Old 09-27-2019, 02:45 PM
 
148 posts, read 40,491 times
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Since we're being pedantic, what about an "abode"?

Townabode

-or-

Single family abode



I like the ring of that.
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Old 09-28-2019, 04:57 AM
 
62 posts, read 22,957 times
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There is of course, more to the equation than what gains maximum value. Townhouses are usually cheaper to purchase. Yes, you have an HOA fee, but that makes maintenence costs predictable, provided you audit the HOA an densure that it's financially solvent.

In densely populated areas, the idea of everyone having their own free-standing house with a yard is unsustainable. Attached housing where you don't have someone above or below is the best compromise.

I have always been happy in attached dwellings, be they townhomes or duplexes. Exterior maintenence, and the stress of being responsible for the outside don't appeal to me. This has been studies as one of the primary reason owners of SFH are less happy than renters.

Give me a 1970s-1990s townhouse where I'm responsible walls in and I'm happy. At the end of the day, a paid off townhouse and a predictable monthly HOA for maintenence is the way to go. No less than a paid off house where you still may get whacked with random five-figure sums, potentially multiple in one year.
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