Townhomes Vs. High-rise Living in Detroit, MI

Townhomes are growing in popularity across the country. 3,000 of the 375,000 multifamily units built in America in 2020 were townhomes, according to the U.S. Census. Townhomes offer many things that high-rise living lacks. More accessible and believed to be a wiser financial investment, townhomes are an excellent option for first-time homebuyers and retirees alike. Read on to learn more about why townhomes may be a good alternative to high-rise living.

Why Townhomes Over High-rise Living?

While high-rise living has been popular for years, many residents are now opting for housing options they can purchase and someday own. Some have seen renting as throwing money down the drain in recent years. Townhomes offer the benefits of homeownership without the heftier price tag that can come with buying a single-family home. High-rise buildings can also be more difficult to access for people with disabilities and older residents, whereas townhomes are accessible from the street and easier to maneuver.

Benefits of Living in a Townhome

As discussed above, the benefits of townhome living are abundantly clear. But there are a few benefits that deserve a little more detail.

Having a yard

High-rise apartments rarely have any green space, but if they do, it's usually shared. Townhomes offer you green space as soon as you walk out your front door. The lack of green space at high-rise apartments can also make having a pet complicated. Allow your furry friend to frolic with ease when you purchase a townhome. At most townhomes, you also don't have to worry about yard maintenance. Because you will likely pay an association fee every month for yard work, you can enjoy your yard without having to do any heavy lifting.

You can own your townhome

Possibly the biggest perk of townhome living is that you can eventually own your home. Unlike high-rise living, where likely your only option is to rent, townhomes offer a financial investment as well as a comfortable residence. Many people choose to purchase a townhome before buying a single-family home because of the lower price tag. And when the time is right to make a more considerable investment in a larger home, you can rent out your townhome or sell it and use the cash to put a down payment on your next place. Those who choose to retire in townhomes also benefit from owning their home because they do not have to worry about increases in rent, as many retirees live on a set income.

Sense of community

Townhomes offer a sense of community unlike any other. Where high-rise buildings can often leave residents feeling isolated, townhomes offer communal areas like green space and BBQ pits perfect for making relationships with those around you.

Learn More About Townhomes in Detroit From Robertson Homes

Robertson Homes constructs some of the most desirable townhomes in Detroit, MI. Loaded with amenities and a community feel, our townhomes are perfect for those looking to own their residence without the huge price tag. Contact us today to learn more about all of our housing options.