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re: Thoughts on Townhomes?

Posted on 2/9/17 at 8:46 am to
Posted by Grandioso
Driftwood, TX
Member since Dec 2015
1597 posts
Posted on 2/9/17 at 8:46 am to
It depends on the price, but depending upon where you live, I'm very leery of them. Our firm designed and collaborated with various developers around Austin (I didn't work on them - I mainly focused on commercial architecture).

They serve a purpose, but (in Austin at least) they were extremely overpriced. I feel as if the owners always felt the need to "justify" their purchase or home (meaning I don't think they really liked living in it).

Just in my personal opinion, they are also an eyesore. I understand the value of land, but I hate that they are commonly built up. They all derived from the same 3-5 "templates" and I'm very skeptical of how they'll hold their value in the distant future. The old brownstones you'd find in NY, Chicago, St. Louis, Washington D.C. are great. These "futuristic, Jetson-like" mid-century modern homes in and around Austin are another thing. As I've always said, you like what you like.

Time will only tell...
Posted by BoogaBear
Member since Jul 2013
5624 posts
Posted on 2/9/17 at 8:50 am to
First house was a townhouse and it fricking sucked. Have you ever had a shitty neighbor? Imagine that shitty neighbor basically sharing a wall with you.

Storage sucks, parking sucks, they are typically built cheap as hell like apartments.
Posted by TheCaterpillar
Member since Jan 2004
76774 posts
Posted on 2/9/17 at 9:17 am to
quote:

at they are commonly built up. They all derived from the same 3-5 "templates" and I'm very skeptical of how they'll hold their value in the distant future. The old brownstones you'd find in NY, Chicago, St. Louis, Washington D.C. are great. These "futuristic, Jetson-like" mid-century modern homes in and around Austin are another thing.


Nashville has those as well. Our development is brick, traditional design. I agree these futuristic designs are going to completely lose their value in 10 years.

We went under contract last February and have made substantial equity in 1 year because of the ridiculous housing market in Nashville. We'll probably buy in the burbs in a couple years when we have kids and rent this place out (close to Vandy and downtown). It would be super easy to do and easily cover the mortgage.

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