Townhomes on the Rise: Why Millennials Are Making the Move

When it comes to finding a home these days, some might consider "condominiums" their top choice. Meanwhile, those with more money might consider a "detached house" due to space. Both of these options have their advantages and are good choices. But, at the same time, "townhomes" have become more popular. This is the case among millennials who want a place to live that can also work for their future business plans.

Choosing the right place to live is a big decision that needs careful thought. Today, we will delve into why townhomes are a great option and what to consider before buying.

What are Townhomes?

A townhome is a modern-style home with more space inside and a layout that's like a detached house. Townhomes usually have 2-3 floors with nice inclusions. These could include a swimming pool and a fitness center.

What's cool about calling it a "townhome" is that it sounds cozy and warm, like a real home where people live in peace. Townhomes are kind of like a mix between a regular house and a condo.

The Highlights of Townhomes

Cheaper than Detached Houses

One major advantage of townhomes is their affordability. Townhomes are usually cheaper than detached houses in the same neighborhood. For instance, if a detached house costs 5 baht dollars, a townhome in the same area might only be around 2 to 3 million. This means you can save a lot of money. You can then use that money for decorating your home or keeping it as a safety net for emergencies.

You own both the land AND the house

Another advantage of townhomes, unlike condos, is that you own the whole property and the land it's on. When you buy a condo, you only own the unit itself. The good thing about owning the land is that if land prices go up, the value of your townhome will also go up.

Personal Parking Area

Another important thing to think about when buying a condo or a house is parking. In condos, you'll have specific parking spots, but you'll usually share them with others. This can sometimes result in car damage. On the flip side, townhomes offer two private parking spots right in front of your home. It's easy, safe, and very private.

Complete Ventilation

To enjoy this advantage, the townhome should be in the middle of the community. If it's on the edge, you won't get these benefits. Being in the middle means that the side walls won't get direct sunlight. This stops the house from getting too hot during the day and night. Also, if you have a garden in the front or back, it can make your living space feel fresher and more comfortable.

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Versatility

Another unique advantage of townhomes is their versatility. They can serve various purposes within one home. Some people might use the lower floor as a store or run a business, while the upper floors remain for living. Others might turn it into a home office. It's like buying a townhome opens up many possibilities for how you can use it.

Rooms can be rented out separately

These days, the business of renting out unused rooms in homes have become more popular. This is due to the rise in backpacker-style travel, which is more affordable than hotel stays. Townhomes have many bedrooms and floors. This can be a great option for renting out spare rooms and earning extra income when they are not in use.

Easy Care and Maintenance

Since townhomes aren't as big as detached houses, the space can seem limited. This might appear as a drawback, but in reality, it can also be an advantage. You can make the most of every inch of space inside, reducing the extra space that needs maintenance. For example, there's no need to clean unused rooms or maintain a large front lawn that often.

Close Proximity to Neighbors

Another charming aspect of townhomes is that they share walls with neighboring homes. Plus, you can see your neighbors daily because of the little to no dividing fences. While there might not be a yard like detached homes, this makes it easier to get to know your neighbors.

What to consider before a townhome purchase

Townhomes are a smart choice for modern living and have some perks for millennials. But remember, buying one is a big investment. Before making your decision, take your time and think about these important factors.

• There's a difference between Townhomes and Townhouses

While it might not be clear, there are differences between townhomes and townhouses. Townhomes are usually part of a group of houses in a project, not stand-alone homes. They tend to be bigger, have common areas and more extras, and usually give you more space to live in. When you're thinking about buying one, think about whether it suits townhome living. And remember, owning a townhome often costs more than a townhouse, so make sure it matches what you need and like.

• Clarify your purpose: Residency? Work?

As mentioned before, today's townhomes aren't only for living. They can also serve as offices or workspaces. Let's say you want to convert your townhome into a small office or start a family business. Choose a townhome that suits your workspace needs from the beginning. Don't go for a layout designed for living because it can be a hassle and more expensive to change later. Starting with a townhome that's office-ready from the start can save you money.

• Width and Depth

Parking is crucial, especially if townhomes aren't close to public transportation like condos. Usually, the front yard should be at least 4 meters wide, but having more than 5 meters is better. A wider frontage means more parking space. It also allows for other activities when cars aren't there.

Also, consider the front yard's depth; 3 meters is the legal minimum, but it's only suitable for small cars. For example, your family uses larger vehicles like pickups. In that case, choose a townhome with a front yard depth of around 5 to 5.5 meters or more.

• Construction Material Quality

Right now, there are lots of townhome projects happening. Some are built with precast materials, while others use traditional bricks and mortar. Precast construction can be strong, but it's important to check the material quality. This is because it can differ and cause problems later on. Also, precast homes might be less flexible for renovations than traditional homes. So, it's vital to think about which type of home suits your needs and what you want to do with it.

• Amenities

When deciding to buy a townhome, it's essential to think about the shared spaces and amenities. Talk to the managers to find out what's available, like parks, pools, gyms, and security systems. Make sure the utilities like water, electricity, and waste management are well-planned. These common areas and services should meet the residents' needs. Also, check if the fees for these shared spaces match the services you'll get.

• Does the location match your lifestyle preference?

You may not need public transportation nearby; but consider your location. If your home is far from amenities, it won't meet your lifestyle needs. Regardless of its size or beauty. Your neighborhood should have amenities like shopping centers and markets. This will help make daily life convenient and comfortable.

Closing Comments

You can see that townhomes have several advantages all at once. They are more affordable than detached homes. They offer greater convenience, versatility, cooler living conditions, and a friendly neighborhood atmosphere. These advantages have made them a popular choice for modern people.

It's essential to consider all aspects in detail to best meet your family's needs. If you wanna make an office, make it foster a productive atmosphere for your employees.

From offices to living, get in touch with us today to begin your next townhome move!