The listings data displayed on this medium comes in part from the Real Estate Information Network, Inc. Information Deemed Reliable but Not Guaranteed. How much do townhomes for sale in Yorktown, VA cost?Prices for Yorktown, VA townhouses range from $260,000 to $390,000.© 2023 REIN Inc. How many townhomes for sale are available in Yorktown, VA?On Point2, there are 24 townhouses for sale that you can choose from in Yorktown, VA. It’s much more time- and cost-effective to manage a townhome for sale close by. Whatever route you decide to take as an investor, buying a townhouse for sale near your location will be a good move. In this case (and assuming that you find a buyer quickly), you’ll own the townhome for a shorter period and avoid market volatility. Then, there’s the fix-and-flip strategy, which involves purchasing a townhouse, renovating it and putting it up for sale again. Townhomes are popular among renters, too, so you might also consider renting out the property for a positive cash flow. However, due to easy replication and similar buildings always popping up, price appreciation - and, accordingly, resale values - can be reduced. Because there’s a lot of interest on the market for these types of homes, townhouses sell fast. Is it worth investing in a townhouse?Less pricey than single family homes and often requiring less maintenance, townhouses for sale are a great real estate investment if you’re on a budget and want to start building equity. This can be troublesome for small children or residents with low mobility. Moreover, townhomes are vertical structures, which means you may have to take the stairs often. Plus, even within a tight community, sharing walls with other people implies less privacy. Also, as part of the homeowner’s association, townhome owners are required to pay monthly fees and must adhere to specific rules and restrictions regarding building aesthetics, pet ownership, renting out the unit and visitors. As opposed to a condo, townhomes do include private outdoor spaces, but these are generally not that ample. What are the cons of buying a townhouse?There are also some downsides to buying a townhouse. While single family homes are generally in more secluded areas, townhomes are either in the city or on the border with the suburbs, usually in desired locations. Being part of a townhouse development may also include access to shared amenities (such as a pool, exercise facilities, play areas for kids, etc.), which can give residents an excellent sense of community. Generally, townhomes are part of a homeowner’s association, which usually takes care of outdoor area maintenance and covers services like waste management, pest control, etc. They can also provide a large amount of total living space on the many stacked levels and often include a basement and a garage. For example, by occupying a smaller footprint and sharing walls, townhouses are less expensive to build and, thus, more affordable than standalone houses. What are the pros of buying a townhouse?There are many advantages to buying a townhome for sale. Taking up vertical space, they basically represent a middle ground between condos and single family/semi-detached homes.
Frequently Asked Questions What is a townhouse?Townhouses are residential buildings that share one or two walls with adjacent properties and include multiple levels.
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