PROPERTY TYPES - TOWNHOMES AND MULTI-FAMILY HOMES

Townhomes are either freestanding homes or row homes, which the purchaser owns outright. They are typically laid out as single-family or multi-family homes with between one to four units.

Owning a townhome offers increased privacy and the potential to earn rental income on the units that are not owner-occupied. Townhome owners are responsible for all costs associated with the home, including maintenance, utilities, and taxes.

Financing:
Typically up to 90%

Inventory:
Neighborhood-specific

Ownership:
Individual deed

Building Approval:
Not applicable

Monthly Expenses:
Taxes and homeowner’s insurance

Sublet Policy:
Not applicable

Cost:
Neighborhood-specific