Buying a Townhouse – (Part Three)
A traditional home in a good suburb will always beat a townhouse in the same street, but what you will find is that older people want to move out of their large home and garden and into something that needs less maintenance. For instance, they may change over a $1 million home for a $500,000 townhouse and still come out in front.
This means there is a ready demand, so first-home buyers and retirees who opt for a good townhouse need have no fears about showing a profit after five or eight years. The trick is to have the feel of a spacious conventional home in a smaller area. Search online and browse melbourneexchange.com.au that has many Melbourne townhouses for sale. OzFreeOnline.com is a great site and has townhouses, apartments, houses, and blocks of land all over Australia. Also, in their thousands of classifieds in the Real Estate section, you will not have any trouble finding just the right property for your family.
Most developments these days comprise of a few two and three-storey townhouses, with energy and water-saving features including storm water management systems, appropriate scale and landscaping. Vaulted roofs catch northern light, helping achieve a five-star energy rating. Living areas are on the upper level with aspect, privacy, and views. Minimal space is not wasted on hallways. There is tandem car parking, and state of the art kitchens and laundry facilities. Most developments have no common land and thus body corporate outgoings are minimal.
Cleverly designed townhouses are as financially profitable for clients as more traditional housing, and better yet, they are appealing are quicker to sell, cheaper to build per square meter and generally more palatable to local councils and adjoining neighbors. The clever townhouse approach has worked from a sales point of view, and buyers immediately know what is going to be built. They like the fact that they are getting a large home without unwanted land and maintenance.
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