Choosing the Right Home: Single Family Home vs Condos/Townhome
Buying a home is a major decision. Before you go signing any dotted lines, it's important to weigh your wants versus needs in a home to ensure you're making an informed buying decision.
One of the toughest decisions is determining what type of home is best for you. Whether you're in the market for an affordable first home or looking for an upgrade, townhomes, and single-family detached homes are great options to consider.
Townhomes are attached unit homes that share one or more walls, floors, or a roof. They can be larger, multi-story buildings or smaller multi-level strips with one or two floors. Often, townhomes offer shared community amenities available to all homeowners.
Condos are generally individual units inside a larger housing building. Whereas apartments are rented, typically each unit in a condominium is owned. Condos also often have some type of shared amenities or features for condo owners.
Single-family detached homes are unattached homes that do not share structural features with neighbors. Detached homes can vary in size, square footage, and property attached to the home.
Condos/townhomes and single-family detached homes offer distinctive advantages for homeowners. If you’re caught in the homebuying crossroads, we've got some tips to help guide your journey to 'home sweet home.'
Thinking about moving to a condo or townhome? We've laid out some advantages of sharing walls with your neighbors.
Potential Maintenance Included
One concern with purchasing a condo specifically, is the added expense of HOA fees. While the added fees might seem daunting, often times townhome HOA fees include maintenance of front yard landscaping as well as the exterior of the homes. This can help cut costs of maintaining or repairing your home.
Many condominiums and townhomes communities offer amenities and common areas for homeowners to enjoy. Shea Homes communities offer amenities ranging from pools to tennis courts, and some communities even have dog parks for the furry members of the family to play. Plus, townhome community centers offer homeowners the chance to mix, mingle, and get to know one another. If you happen to be moving across town or relocating from out-of-state, condos or townhomes could provide an opportunity to make friends in the area.
Good Option For A Starter Home
If you’re a first-time home buyer, condos and townhomes can be a good options for easing into the responsibilities that come with homeownership. Condos and townhomes typically require less external building and landscape maintenance, which is ideal for people unexperienced or unsure how much dedicated time they will have for maintaining things like landscaping.
Single Detached Home Benefits
Don't worry, if a condo or townhome doesn’t feel like the right choice for you, then it might be time to consider something a little more private. Single-family detached homes are great for first-time homebuyers or for those looking for a home with additional space and freedom.
If you've always dreamed about having a yard for your pets or kids to play in, single-family detached homes might be the right choice for you. Most often attached units don't offer sufficient yard space for homeowners. With detached homes, you have the advantage of exploring options with various property sizes.
Potential For Greater Privacy
A detached home means you're not directly sharing wall with your neighbors. The increased distance between homes can potentially reduce the amount of noise that travels from their home to yours and vice-versa. This type of housing option can give you greater privacy, both indoors and outdoors. If you're someone who works from home frequently, you might want to consider if noise reduction is a requirement for your work environment. And if you have kids, a fenced-in backyard for them to play can provide peace of mind.
Purchasing a detached home means you get more freedom to personalize your space. If you're the type of person who loves watching HGTV to get inspiration for kitchen upgrades or patio renovations, a single-detached home could provide you space to unleash your creativity.
Weigh Your Needs and Your Wants
The home buying process is not a homogenous journey. Depending on lifestyles, household size, and style preferences, everyone's 'perfect home' is going to be unique to their wants and needs. If you would like some help sorting your priorities before touring homes to buy, check out our Want vs. Need Checklist, then take a look at our available condos & townhomes and detached single family homes across America.