(Closed) Townhouse vs. Single Family Home…

posted 4 years ago in Home
Post # 2
4675 posts
Honey bee
  • Wedding: August 2012

I don’t know about moving from a larger place to a smaller place, but the drop in property value you mentioned is scary.  My Mother-In-Law and Darling Husband moved into a condo shortly after she divorced his father.  She bought the place for around $100,000.  After they moved in the neighborhood went down hill, and property values dropped.  My Darling Husband said at one point someone tried to sell him drugs on the street.  She finally sold the condo to her renters for a lot less, I think about $20,000.  

Post # 3
7526 posts
Bumble Beekeeper
  • Wedding: October 2010

We went from a single fmaily home to a town home and I will never go back.  I love where we live now- sounds similar to your townhouse.  But if property values are dropping and the neighborhood is going downhill- then it might be time to move.

Post # 4
422 posts
Helper bee

I lived in a nice condo. 1400 sqft, two huge bedrooms, spacious living room. However, I wanted a basement, yard, and big kitchen. My house now is a little bigger so that means three smaller bedrooms. They are actually the prefect size but I miss my huuuge bedrooms! We have a large kitchen with the island I’ve always wanted. I do miss my master bath a bit as it was larger (but this one is nicer looking) I love having a basement and can’t wait to fix it up. My HOA was steadily rising and truly what was I getting for $175/mo? My water bill is only $90/3 months and my husband cuts the grass and shovels for free at our house. my condo was great for when I was single and I wouldn’t have minded staying there but values were going down and rude and trashy ppl were moving in. I was lucky to sell for only a $3000 loss.

Post # 5
6005 posts
Bee Keeper
  • Wedding: May 2014

fiona2011:  Oh boy, that’s a tough one! I’d make a list of pros and cons. I’ve lived in both, though not a huge townhouse with all new stuff. The thing I really like about a single family home is no shared walls!! I’d never go back to a townhome unless I have to. Townhouses are nice though because you usually don’t have to mow, fix the roof, etc. Property values could drop anywhere so that’d be hard to guess what’s going to happen in the future.

Post # 6
10392 posts
Sugar Beekeeper

The  townhouse communities in our area  tend to be more transient and not to hold their value as well as the single family homes. As nice and new as they were, that was a big factor for us in buying our first home, when we looked at both.  There are also additional costs that come with a single family home, such as landscaping, clean up, etc.  It’s a trade off, as you point out. The nice thing about a fixer upper is that you get to do what you like to make it yours. 

Off topic, but if the house is  on a canal,  or is graded in such a way as to make flooding likely make sure you look into the history as well as any drainage solutions already in place.  Our home inspectors were good overall,  but fell rather short on that particular issue.  We ended up having to hire a landscape archtect. 

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