Smart Investment: The Advantage of Buying a Townhouse

Have you thought about how condo owners live in high-rise buildings? Or perhaps the idea of living in single-family homes like townhouses sounds like a great idea. Indeed, choosing the right type of property for your next home can be difficult. With so many options like single-family homes, condos, townhouses, rowhouses, duplexes, units with firewalls, and apartments, figuring out the right style to fit your needs can put you in a tough spot.

Do you want to know why townhouses are a popular real estate property option for most Filipinos seeking homeownership? We enumerated some of the most important things you should know if you want to become a townhouse owner or an investor in profitable rental properties in a townhouse community. Why buy a regular house if you can get more profit from single-family homes? But to be fair, we included some of the downsides of choosing townhouses among other investment properties.

4 Advantages of Choosing Townhouses for Your Investment

1. Purchasing a Townhouse is more affordable.

The purchase of townhouses for sale in the Philippines often starts at PHP 1.5 million given this price range. Given the price fluctuations of materials over time and changes in location, the cost per square foot could still rise. Because townhouses are less expensive for developers to build than single-family detached housing, they tend to be a bit less costly to purchase than detached homes. That's why townhouses are still cheaper than other types of real estate.

However, a reduced sale price does not always imply fewer overall expenses. Townhome mortgages may actually cost more to borrow money from some lenders than conventional mortgages because of how they are handled differently.

Townhouses are equipped with communal amenities like a clubhouse among others in upscale communities like Lumina Homes. Similarly, tenants receive access to similar amenities as part of the rights that lessors give to them as members of the community. More tenants are drawn to townhouses because of their advantages over other properties.

2. Townhome communities are usually in good locations.

In real estate, location plays a vital role in determining the potential property value appreciation of a property. Since townhouses are usually available in premium residential projects, it is much easier to attract renters that are looking for a typical single-family home property.

In key locations, properties are more expensive to lease but practically unimportant if they're meant to be rented out. Renters prioritize the location's proximity to major establishments like grocery stores, malls, hospitals, schools, and workplaces. A great investment opportunity indeed!

3. Maintaining a townhome is less costly than other properties.

Compared to alternative real estate property options, townhouses often take less time and expense to maintain. All agreed homeowners of the apartments in a row may share its common areas and other outside upkeep, such as painting, landscaping, etc. Let's imagine that the expense of repainting can be split among the tenants, which would result in a lower cost. Besides, the homeowner's association (HOA) is in charge of the general upkeep, renovations, and even the security system in subdivisions.

However, the dues can add a high yet significant cost to your monthly expenses. As a member of a townhome community with access to shared amenities, you're responsible to settle the homeowners association or HOA fees which can be a bit expensive.

4. Townhouse owners can be flexible with the interior.

Usually, the townhouses offered by most real estate developers with townhome communities are already fully finished. While the interiors are decorated by the buyer or renter in accordance with their desired or customized designs, the exteriors follow a uniform theme. Townhouse owners are able to add exhibits and upgrades that reflect their personalities. They are also permitted to undertake some modifications or renovations, such as fencing yards or adding other enticing features that raise the property's worth.

They are able to grant their tenants this flexibility as the lessors, allowing them to customize the interior of the home as they see fit for a single-family house. Then, tenants can make many changes to the rented space as they like. They will only need to adhere to specific rules established by the developers and the purchasers of the homes for any renovations and enhancements they choose to make.

Indeed, townhome living comes with a fair share of advantages and disadvantages which can largely affect how your investment can grow. Townhomes are a rising residential real estate market sector, particularly in sought-after metropolitan areas with limited buildable land. Townhouses may be thought of as a compromise between a flat and a single detached house. This type of property is more private and typically larger than the former but, unlike the latter, is still connected to other buildings compared to single detached houses.

Get Your Own Townhouse with Lumina Homes

There are many townhouse communities waiting for you in prime locations where Lumina Homes have already established projects. Hence, if you think that townhouse living would be a great investment, Lumina Homes offer not just affordable house and lot townhouse properties but also built with high-quality materials.

Lumina Homes is committed to providing a secure and stress-free community to all aspiring Filipinos. That's why each of our residential projects features a 24/7 guarded entrance, providing you with top-notch security service and functional amenities like a basketball court, a secured play area, a gazebo, and so much more!

Our townhouse property features a living area, dining & kitchen, 2 bedroom provisions, a toilet & bath, 1 carport provision, and a service area. This is the ideal property type for young families and for aspiring investors. If you're looking for an affordable house and lot in the Philippines that will help you grow your hard-earned money, different townhouses are available in the following Lumina Homes residential sites.

If you have questions, concerns, or inquiries, our accredited agents will definitely help you. Become a real estate investor of our townhouses today! Kindly contact one of our authorized sellers and send an inquiry today!