Building a new house gives homeowners a chance to create a home that reflects their unique style, specific needs, and true personality. But, owners must be careful that the choices they make will pay on the resale, when the time comes to sell. When choosing options for a new home, stay neutral, particularly when it comes to the higher end items such as countertops, cabinetry, and flooring. Personalize easily modified things like wall paint colors and cabinet hardware. Several upgrades for a new home that consistently pay on resale include the kitchen area, high-end flooring, lots of closet and storage space, quality windows and manufactured stone veneer or brick for the exterior.
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Should you buy a townhouse? A townhouse is a multi-level home, with a small plot of land, connected to adjacent homes by a common wall. Typically the owner pays monthly fees and is a member of a homeowner’s association. The homeowner association is then responsible for maintenance, repair, and upkeep of the exterior of the townhouse and shared areas. These townhomes are a good choice for people who don’t have the time, skill, or desire to do the tasks required to maintain a single-family structure. Or for those that travel for extended periods of time and can’t worry about the upkeep of their homes. However, for those who don’t mind doing the exterior maintenance, landscaping and snow removal, a freehold townhome, which does not have a monthly fee, could be your best choice. Several other advantages of owning a townhouse include:
- Financial Benefits – often less expensive than single-family structures.
- Ownership of a small plot of land.
- Safety and Privacy – the shared walls between units create a more secure neighborhood, yet the private entrance gives a sense of seclusion.
- Location – townhouses are frequently close to the excitement of the city center.