If you’re wondering if buying a townhouse is a good investment, the answer is a resounding yes! From the overall cost to maintenance and the potential for rental income, there are several good reasons to put your money in a townhouse.
To begin with, a townhouse is often priced lower than a single-family home. If you’re working within a budget, a townhouse likely makes financial sense.
You may be able to recoup some of the cost too with rental income. Townhouses are especially popular with families who need more space but also need more affordable rental housing.
When looking at the potential for rental income, location is key. Luckily, a townhouse is often located in an area close to transportation, schools and amenities.
Of course, many people choose to live in a townhouse so they don’t have to worry about maintenance. When you have a townhouse your association fees usually take care of a lot of the necessary maintenance.