Who typically buys a townhouse?

A townhouse is a great option for many types of homeowners. Whether you’re an empty nester wanting to downsize, a first-time home buyer who wants to start off small, or a real estate investor looking to expand their portfolio, a townhouse might work for you.

What do I own when I buy a townhouse?

In most cases, you own the unit, the land it sits on, and the land surrounding the townhome, including the front yard and backyard area as well as the home’s exterior.

Is a townhouse right for me?

Whether a townhouse is right for you depends on your needs and what you want out of homeownership. Some homeowners might like the idea of living in a smaller space that offers the freedom of detachment with the amenities of living in a condo. Others might have a strong preference for a detached home or condo and not be interested in a home that’s more of a middle ground between those two property types.

What Is A Townhouse? A Complete Guide