If you have decided to buy real estate while attending Simon Fraser University, you might have a million different emotions running through your mind. You are very excited, yet more nervous than you have been about any other life decision. This is a huge purchase and you want to make the very best choice. One of the decisions that you will have to make is to determine which type of SFU real estate you will be focusing on. There are a few different types, but townhomes are increasing in popularity among college students. They love the charm, the space and the privacy, but most of all, they love the camaraderie. Here are some of the many benefits of owning a townhouse.
Just the Right Amount of Space
Townhomes serve as the happy median between condos and traditional houses. They are slightly bigger than a condo, yet slightly smaller than a house. If you do not want to be tied down doing home cleaning, than a condo will be perfect for you. If you decide that you want something bigger, purchasing a townhouse will be a great idea. Many townhouses even have small backyards and patios for get-togethers with your favorite friends or a day in the sun with your beloved pets. You will not find a condo with a private backyard.
Even though condos are smaller than townhomes, they are often priced above what one would pay if they bought a townhouse. This is because a condo building normally offers a great variety of amenities. Dog walk area, pools and gyms are just some of the facilities that are available. Not only do condos sell at a greater price than townhomes, but their HOA fees are also much higher. Townhomes are generally cheaper with lower HOA fees. This is extremely beneficial for college students who are on a limited income but still want to purchase prime SFU real estate.
Room to Grow
If you are planning to stay in the area for a while, perhaps marry and start your very own family, a townhome will be the perfect living area for you to grow. Townhomes offer great space for both singles and families. A condo will feel very cramped if you attempt to prolong your stay. Many people live in townhomes long term.
A Wise Investment
Townhomes are very easy to rent out when you decide that it is time for you to move on to a new property. This can bring you are great deal of extra money each month if you decide to turn it into an income property. If you do not want to worry about all the stressors that come with renting, townhouses are also very easy to sell, especially if you make necessary upgrades during your time in the home.
Owning a townhouse can be very beneficial to college students who are attending SFU. If you would like more information, visit our page or contact a representative at Canadian University Real Estate today!