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The Pro’s & Cons of Townhomes

  • Did you know that many buyers are opting for the purchase of a townhome rather than the traditional single family home? What is the difference? Townhomes charge service fees and typically come with services like lawn maintenance, trash removal and more. This is on top of general common area maintenance that regular Homeowners Association Dues (HOA) cover. Townhomes can also be less expensive than regular single family homes but they give the same tax and insurance deduction benefits. https://www.sofi.com/learn/content/buying-a-townhouse-pros-cons/

    When is it time to buy?

    Many people hesitate on buying a house because they feel that the timing isn’t right. They second guess the market because of interest rates or home prices. Remember: As interest rates go down, it is typical for home prices to go up. Home values appreciate under typical circumstances so waiting can cause you to pay more money for less house in the long run. https://www.freddiemac.com/research?gad_source=1

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