U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New York > Westchester County
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 01-20-2021, 03:47 PM
 
81 posts, read 60,317 times
Reputation: 87

Advertisements

$800k townhouse 3BR/2.5Ba 2300 sq ft.
HOA $1k, Taxes $17k.

With no mortgage, that is $2500/mo
With mortgage, that's $5500/mo.

Do people really hate having a yard that much?
Would it be empty nest or retired folks moving from a detached home?
Rate this post positively Reply With Quote Quick reply to this message

 
Old 01-20-2021, 04:42 PM
 
785 posts, read 856,983 times
Reputation: 1160
If you own a detached home you are still paying at least that in taxes. So that is a fixed variable between the two options. The differential is therefore only the $1,000 HOA per month. For not having to pay for, or deal with, yard maintenance, snow removal, and repairs etc, the $1,000 per month is not that much of a hit. And you may be getting perks with it, like pool or gym access.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 01-20-2021, 05:48 PM
 
Location: Confines of the 101 Precinct
28,295 posts, read 40,871,817 times
Reputation: 12097
Quote:
Originally Posted by multifarious View Post
$800k townhouse 3BR/2.5Ba 2300 sq ft.
HOA $1k, Taxes $17k.

With no mortgage, that is $2500/mo
With mortgage, that's $5500/mo.

Do people really hate having a yard that much?
Would it be empty nest or retired folks moving from a detached home?
I bolded the reason why

Some people like living in subdivisions for the convenience
__________________
"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence

Forum TOS: //www.city-data.com/forumtos.html
Rate this post positively Reply With Quote Quick reply to this message
 
Old 01-21-2021, 06:57 AM
 
10 posts, read 7,632 times
Reputation: 20
I imagine there are 2 types of people

1. Empty nesters for the obvious reasons.

2. People who are younger(mid 30-40s) who are moving up from the city, but still pulling 12 hour days at the office and don't want to deal with managing all of the stuff that comes with a house. They're use to apartment living, the like having people around them, young kids with both parents working making 500-1mm/year. They like that the town house is relatively new, high end, and probably has great amenities.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 01-21-2021, 09:42 AM
 
602 posts, read 366,130 times
Reputation: 633
Townhouses can sometimes be cheaper than regular standalone single family homes so it can be a more cost efficient way to get into a school district.

Certain school districts like Rye Brook have more townhomes than other places. Not all townhouses are connected, some are just in a shared community with HOA fees (this is the case with many of the townhouses in Rye Brook).
Rate this post positively Reply With Quote Quick reply to this message
 
Old 01-21-2021, 03:20 PM
 
81 posts, read 60,317 times
Reputation: 87
In this example, it seems the townhouse is more expensive than a house.
$800k for a 2300 sq. ft 3BR. House costs less.
And $12k of HOA can buy a lot of lawn mowing and plowing!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 01-21-2021, 03:51 PM
 
602 posts, read 366,130 times
Reputation: 633
It probably depends how new/renovated the town home and single family home is. The comparison isn’t always apples to apples.

In Rye Brook, Kingfield is the newest Town Home community that I know of and houses there are very expensive.

https://kingfieldryebrook.com/?keywo...BoCha0QAvD_BwE
Rate this post positively Reply With Quote Quick reply to this message
 
Old 01-22-2021, 07:49 AM
 
2,200 posts, read 1,572,418 times
Reputation: 5068
Quote:
Originally Posted by multifarious View Post
In this example, it seems the townhouse is more expensive than a house.
$800k for a 2300 sq. ft 3BR. House costs less.
And $12k of HOA can buy a lot of lawn mowing and plowing!
$800k for a newish townhouse vs >$800k for a 40+ year old single family. I'm not a fan of townhouses personally but I wouldn't say that a house costs less in much of Westchester.

I hate my single family in Chappaqua and I paid $850k for it. It's old, small, and has a weird layout, but I didn't want to pay over a million for something I didn't hate (because then I would hate the payment instead of the house).
Rate this post positively Reply With Quote Quick reply to this message
 
Old 01-22-2021, 08:26 AM
 
283 posts, read 219,037 times
Reputation: 189
Quote:
Originally Posted by multifarious View Post
In this example, it seems the townhouse is more expensive than a house.
$800k for a 2300 sq. ft 3BR. House costs less.
And $12k of HOA can buy a lot of lawn mowing and plowing!
Ditto. <$400 for landscaping gear and you can do it yourself twice a month for the Spring-Summer and either sign up for a local gym or put a gym in your basement vs $12,000 a year on TOP of property taxes. Insane. Lol. To each their own though.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 01-22-2021, 08:57 AM
 
Location: Westchester County, NY
1,531 posts, read 1,543,472 times
Reputation: 1420
Quote:
Originally Posted by ThatCareerGuy View Post
To each their own though.
That's the whole thing. At this point, I have no plans to buy a SFH. I don't want the responsibility of maintaining anything outside. It's not about the money, it's about the lifestyle I want. Other people think I'm crazy, but they have different priorities.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:




Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New York > Westchester County

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top