There are benefits to living in a townhouse compared to a smaller detached house. For example, some homeowners who are downsizing prefer complete privacy and independence, and aren’t ready to give that up just yet—but also aren’t ready for community living. Compared to a townhouse, a smaller single-family house has more privacy and provides greater independence. Though likely smaller than your current home, a single-family home may offer a beautifully landscaped backyard with a garden, a fenced-in yard, a garage, and the freedom to be able to do what you want with the home, including repainting the exterior and adding some outdoor home improvements. These options aren’t necessarily available with townhouse living, as there may be standards and bylaws preventing you from making the changes you want. Of course, there are benefits to living in a townhouse compared to a smaller single-family house: • Price: In general, townhomes and carriage homes are less expensive than single-family houses. But they still offer much of the space and flexibility you’re probably looking for. But keep in mind that most townhomes also include monthly HOA fees to cover things like landscaping, plus any other amenities in the community. • Flexibility: Besides the price factor, townhome living tends to give you more flexibility. It has the added benefit of the low-maintenance lifestyle that comes with condo or apartment living, but generally includes more space, as well as more flexible options when it comes to function (such as parking spaces) and leisure (backyards for private or semi-private entertaining). • Practicality: Sometimes, it’s the more practical option.
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