If you are considering buying real estate in Ontario or any other city, you may have come across terms townhouse and row house. Do you know what these terms mean? Or perhaps, which one would you prefer to own? While they may seem identical, there is a slight difference between the two and the terms are always used interchangeably. Though at times, they technically portray two different styles of homes. Many builders, real estate companies, and experts handling housing issues may point out differences and relegate the buildings by different names. There are many ways you can differentiate the two houses. This article will help you uncover more information about them.
A Row House
It is a house built in a sequence. It has an explicit characteristic of row housing differentiating it from a townhouse. Row houses queue the street in a line, while townhomes can be grouped or situated in various formats within a development. Row houses are two or perhaps more similar or almost identical units sharing a common wall on either one or both sides.
This is an attached house or row house found in a city. Townhomes are narrow and linked to the other buildings on one or two sides. They were established in metropolitan areas as second dwellings for richer families who also acquired homes in the countryside. Their tall, narrow building allowed more residences to fit within a fixed area, and they made practical and economical sense in congested towns. Modern ones belong to large expansions and are members of homeowners associations (HOA) governing common-area maintenance.
What Are Their Defining Factors?
Each row house unit is a separately owned real estate. Compared to townhouse ownership, a row house doesn’t encompass an HOA to govern other areas of advancement. Apart from the shared wall between row house holders, there may be no commonly acquired components.
The Benefits of Living in a Townhouse
● Maintenance is not a problem
One of the amazing things about possessing a townhome is that you get a yard in front and back, though you don’t need to maintain it. In Many townhomes HOA’s handle external matters such as landscaping. This is something you don’t get as a single-family house owner.
● The Amenities
Several amenities and services are included in the purchase price or HOA fee. This may comprise trash service, HVAC inspection and pest control, and amenities like car washing stations, exercise facilities, and swimming pools.
Disadvantages of Staying In a Townhouse
● Less Freedom
Regarding the development, HOA may have stringent regulations on the modifications you can undertake inside and outside the house. If you like updates and renovations, this may restrict your creativity and limit your choices.
● Resale Value
You can get a tremendous deal on a townhome when buying. However, you may have to give out the same discount when you choose to sell the house.
● Financing Challenges
Believing that financing functions the same way regardless of the type of property you acquire is not always the case. For instance, If you are purchasing a townhouse, you may find your lender treating it like condos as opposed to a townhome.
● There Is Less Privacy
In townhomes, you have to share a physical wall with your neighbour on either side. This may not be a problem, though it can prove to be difficult if you live next to less respectful people. Your small backyard won’t be as confidential as you may want in a normal neighbourhood with a bunch of space and landscaping.
Advantages of a Row house
● You Get Closer to Amenities
Many row houses are near markets, cafes, or shops. Having a rowhouse indicates numerous people will want easy access to the day-to-day necessities. This can be an incredible thing if you need to be within a couple of blocks of your closest Starbucks.
● Style Never Fades Away
Row houses existed for many years and it never runs out of style. A single-family residence may have to be completely changed or repainted now and then as the old-fashioned look may fade. However, a rowhouse is one style and never vanishes.
● Maintenance Is Part of The Package
Multiple grounds maintenance or some building upkeep is fully covered by the Association. These don’t cover interior issues like appliance repair or water heater leak but some of the popular area components can be covered by your HOA rights.
● Well-laid out Homes
Many row houses are either two or three floors, thus they are a perfect use of the space. They can be much less expensive since you are not paying back for two external walls.
● You Are Unlikely to Miss Privacy
Row houses have as much seclusion as a single-family home. In flats or condominiums, it can be impossible to avoid your acquaintances. In row houses, you can have your privacy and fences from one yard to the other.
● Enjoy a Sense of Community
Rowhouse residency can give you a feeling of community. Several neighbours are from identical societal standards as yourself, this implies hobbies, habits, and lifestyles can suit plenty of your own. This is a considerable way for children to join other kids in the neighbourhood.
Disadvantages of a Row House
● HOA Fees
Like any condo complex, gated neighbourhood, or close community, you will have the homeowner association fees. These are fees that will take care of roofs, common walls, and additional shared amenities. They can be expensive or not and It will rely on the number of amenities the community requires.
● Limited Freedom of Expression
In case you are creative enough, you may realize that staying in a row house can repress creativity. Usually, you cannot paint the exterior of your home and you may not do everything you want in the backyard if there is a single one.
● Pet Restrictions
With regards to the regulations set forth by the Association, you can have specific pet restrictions. You may be able to bring any pets along or it may not be possible. It’s important to know the rules and regulations in response to the pets you have before moving in.
Wrapping It Up
Understanding the distinguishing factors between a row house and a townhouse is important. And, whatever your preference is in regards to these two types of houses, ensure you find some incredible housing alternatives available in your neighbourhood. Choose a house matching your needs and those of your entire family.