Finding the ideal home for you and your family can be challenging. One way to decrease potential stress is to define what type of housing you want clearly. For many looking for the right home, the perfect option might be the array of freehold townhomes populating the streets of cities such as Barrie, Kitchener, and Guelph, Ontario.
What Is a Freehold Townhome?
Townhouses or homes are found across North America. However, they are not all freehold townhomes. A freehold townhouse is the name given to a specific type of townhouse. Owning one is similar to owning a semi-detached home, and they have the same advantages.
A freehold townhouse has the following beneficial qualities compared to a condominium townhouse.
- You own the entire house – sharing only the common wall between your townhouse and its attached neighbor.
- You own the land the townhouse is on.
- There are none of the fees associated with condominiums. These include:
- Monthly fees
- Association fees
- Extra fees are charged for “improvements.”
- You have total control over your home. This means you can update, decorate, and maintain your home according to your wishes, needs, and budget.
Moreover, property appreciation tends to be greater than for a condominium townhouse.
Purchasing a Freehold Townhouse
Freehold townhomes are more affordable than detached houses. Yet, you still have many of the same advantages. Moreover, the lower price will allow you to add a more significant sum, lowering the overall mortgage cost.
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When searching for a quality home, contact the sales agents at Bradley Homes. Their mission is to provide you with both quality and value. To discover more about what they offer, visit their website.
