Submitted by Yunguido t3_z97ex0 in personalfinance
Are townhomes a worse long term investment than a house? Also are there differences in the mortgages? (Rates,loan amount etc)
Submitted by Yunguido t3_z97ex0 in personalfinance
Are townhomes a worse long term investment than a house? Also are there differences in the mortgages? (Rates,loan amount etc)
No_Possibility_8393 t1_iyfef6f wrote
It depends, of course. Many townhomes (including mine) are characterized as condos, and generally that results in a slightly higher rate. Also usually an HoA fee, which you may or may not have in a detached single-family home.
In terms of value appreciation, it really just depends on all the normal stuff like location and supple/demand and whatnot. Might be a bit slower than otherwise similar detached houses in the area, might not.