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Started By
Message
Would you buy a townhome?
Posted on 5/9/24 at 12:09 pm
Posted on 5/9/24 at 12:09 pm
I'm not a fan of yard maintenance and live in area where townhomes aren't ghetto shitholes. A decent single detached house here are 500k+ while upgraded townhomes can be had for 100k less. The concern is they won't appreciate as much but it beats continuing to pay rent. What says the OT?
40
Posted on 5/9/24 at 12:09 pm to yaboidarrell
quote:
townhomes aren't ghetto shitholes.
*yet
Posted on 5/9/24 at 12:10 pm to yaboidarrell
Absolutely not. I did a ton of research on this and yes the finishing and interior is nice but the appreciation comes from land and townhomes don’t provide much in that category
Posted on 5/9/24 at 12:11 pm to yaboidarrell
No. Never.
To easy to have shitty neighbors.
Town home complexes have been known to convert to mostly rentals, and often rentals to shitty tenants.
To easy to have shitty neighbors.
Town home complexes have been known to convert to mostly rentals, and often rentals to shitty tenants.
Posted on 5/9/24 at 12:12 pm to yaboidarrell
As housing or rental investment - absolutely. As an appreciation vehicle - no.
Posted on 5/9/24 at 12:13 pm to yaboidarrell
no. but our circumstance are different. i know some folks who did when they were young in Houston and it worked out great for them in the long run.
Posted on 5/9/24 at 12:13 pm to yaboidarrell
As long as you don’t share a wall with complete loud assholes, townhomes arent bad. I was lucky to share a wall with a young couple with well-behaved children in my experience. I rented in my time though.
Posted on 5/9/24 at 12:16 pm to yaboidarrell
just get a trailer on some land
Posted on 5/9/24 at 12:17 pm to yaboidarrell
I’d prefer one
Posted on 5/9/24 at 12:18 pm to yaboidarrell
We rented a 3 story townhome with garage for about 4 years. We had a corner unit which is a must, never had any neighbor issues. It was nice for what it was, not a long term solution. I certainly would not buy one
This post was edited on 5/9/24 at 12:33 pm
Posted on 5/9/24 at 12:19 pm to yaboidarrell
Older, established, landlocked areas with older, established, higher end and well built developments, maybe (ie, dense, high end urban neighborhoods)
Posted on 5/9/24 at 12:28 pm to yaboidarrell
We have $700,000+ townhomes here in Greensboro.
Certainly not ghetto.
Certainly not ghetto.
This post was edited on 5/9/24 at 12:29 pm
Posted on 5/9/24 at 12:30 pm to yaboidarrell
I was looking at some in Lafayette not too long ago. Most are shite holes and you have to pay out the arse to get a decent one with a garage. Might as well just buy a house
Posted on 5/9/24 at 12:31 pm to yaboidarrell
I’d live in one before living under an overpass 
Posted on 5/9/24 at 12:37 pm to yaboidarrell
I had one in college. Never again
Posted on 5/9/24 at 12:39 pm to yaboidarrell
quote:
I'm not a fan of yard maintenance and live in area where townhomes aren't ghetto shitholes. A decent single detached house here are 500k+ while upgraded townhomes can be had for 100k less. The concern is they won't appreciate as much but it beats continuing to pay rent. What says the OT
Absolutely if the location is good for you and you love the inside.
Agreed on yard work.
Posted on 5/9/24 at 12:40 pm to GreenRockTiger
quote:
I’d live in one before living under an overpass
What about a townhome under an overpass?
Posted on 5/9/24 at 12:44 pm to yaboidarrell
By the time you pay the HOA fees, piss off the board and get threatened with fines for infractions, you'll be better off buying the detached garden home.
Posted on 5/9/24 at 12:45 pm to yaboidarrell
I did. Was 60, single and about to retire. Ownership was half of rental prices. No HOA. Plus it was brand new. Wasn't looking for home appreciation or lots of maintenance. And if something happens to me my son can use it as rental property or sell it.
This post was edited on 5/9/24 at 12:48 pm
Posted on 5/9/24 at 12:48 pm to yaboidarrell
quote:
'm not a fan of yard maintenance and live in area where townhomes aren't ghetto shitholes. A decent single detached house here are 500k+ while upgraded townhomes can be had for 100k less. The concern is they won't appreciate as much but it beats continuing to pay rent. What says the OT?
My wife and I fully intended to buy one in Stuart Florida or there about to live in after we retire. We'd have spent part of the year in it and part of the year in a lake house we haven't built yet (but have started). We changed our mind when stories started coming out about the hostile takeover of condos in Florida by investors who buy enough units to seize control of the owners association and then increase the owners fees to crazy amounts so they can offer the owners a stupid low ball offer and they will have little or no choice to take it. To hell with that. I wasn't particularly happy with buying one anyway but was willing if it was on the intercoastal and I could keep a boat in the water and not have to do maintenance on the house...but I will just trailer it, I ain't going to help someone hold a gun to my head to rob me.
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