If you’re in Nashville, or even if you aren’t, you’ve probably noticed townhouse living is on the rise. Townhouses aren’t a new concept but they have gained popularity in the last few years and there’s a few reasons why.
According to Realtor.com, townhouses gained popularity in the 1960s in big cities but they’re more popular than ever today with both builders and homebuyers. In fact, they’ve gotten so popular that the US Census Bureau showed townhouses accounted for 12.4% of “all new construction in the single-family home market last year.”
Here's why more people are buying townhouses:
They’re less expensive
When it comes to townhouses, they cost 12% less than detached homes, according to Realtor.com. The low cost makes them especially popular with younger buyers who are purchasing their first piece home.
Little or no outdoor upkeep
Some people see small yards as appealing and there is little or no upkeep in townhouses due to the small size of their lots. If you’re someone who doesn’t see a yard or garden as an added amenity, then a townhouse may be perfect for you.
Some townhouses have their own built-in amenities that include a local burger joint, a store and maybe even a bar or gym! Take, for example, Lenox Village, in southern Nashville. They have a Chinese restaurant, a small shop, a burger restaurant and multiple gyms in walking distance of most of their townhouses! That’s a great bonus if you’re a single person or young couple with a busy lifestyle.
It’s a stepping stone
Many people use townhouses as a stepping stone to owning their own detached house. This can be a good way to learn how to own and take care of a piece of property and it can later be rented out!
Townhouse living may be for you, or it may not, but your talented realtors at Synergy can help you find whatever it is that you’re looking for. Call one of our agents today and we’ll help you find the perfect place to call home.