4 Basic Things That Mostly Attract Townhome Buyers in Oakville

3 min read
06 October 2022

Who would desire a townhouse? Everyone desires a townhome! All age groups, including boomers, millennials, singles, divorcees, recently wed, young families, first-time homebuyers, and empty nesters are embracing townhouses in record numbers. What fuels this trend? All types of buyers are drawn to Oakville townhomes because of many of their distinguishing features:

Convenience:

Many individuals believe owning a townhouse is simpler than owning a single-family home. There is essentially no outdoor maintenance required of the homeowner because there is no yard. A homeowner's association typically oversees the exterior upkeep of townhouse developments, which may include landscaping, grass care, snow removal, and occasionally even roof and siding repair.

Homeowners are better equipped to take advantage of the community's amenities, such as the pool and fitness centre or neighbourhood events, when there are no maintenance obligations. Some neighbourhoods of townhomes in Oakville offer residents who travel frequently or who are just gone from home for most of the day peace of mind with 24-hour security personnel, guarded entryways, and cameras everywhere.

Location:

One of the most important deciding criteria for house buyers has always been location. It is still true today, but what purchasers desire from the neighbourhood of their property is evolving. Across all groups, there is a growing demand to reside close to amenities and places of employment. Townhome construction is therefore rising in urban areas.

Along with the commute to work, other factors that influence the appeal of townhomes in Oakville include the availability of healthcare, social services, arts and culture, and public transportation. More individuals are drawn to townhouse living as more properties become available in places with convenient access to these facilities and attractions.

Cost:

Townhomes are typically less priced than comparable single-family residences. Townhouses typically have smaller square footage than detached single-family homes, which helps reduce prices. This is one explanation for this. Townhouses still cost less than detached homes despite having similar square footage and amenities since they have less land or a smaller yard if any.

Depending on the size of the townhouse, utilities and long-term maintenance costs are also frequently lower. For instance, those with shared walls frequently benefit from additional insulation and use less energy to heat or cool than isolated buildings.

Availability:

Building permits for Oakville townhomes increased in tandem with the price of land. Townhouse construction allows for the construction of more units per acre than detached single-family home construction. Townhome sales have increased as a result of the increase in the number of available townhomes. Townhome communities may occasionally target particular groups of people, such as pensioners, people in the active adult community, or young urban professionals, which increases demand for townhouses.

Thomas Willium is the author of this article.To Know more about Oakville townhomes please visit our website:dunparhomes.com

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Dunpar redefines the idea of home. Once limited to four-walls, the home now becomes an extension of one’s self. https://dunparhomes.com/
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