Patio Homes and Townhomes: Comparing and Contrasting
In many communities there are options to the kind of home a person or family can have. The most obvious are multi-level apartment complexes and traditional single-family detached houses in neighborhoods and subdivisions. In between these two extremes are a couple of options that are less known and understood – patio homes and townhomes.
The differences are small but distinctive.
A Patio Home – also sometimes called a Cluster Home or a Paired Home – is either a free-standing detached property or a paired structure (no more than two attached units), located on a very small lot. The main living area is usually on one level, and there is regularly some private land of a quarter-acre or less that is with the property for a small yard. Some patio home communities are grouped, or clustered, together; perhaps sharing a central courtyard or other common areas with several other homes.
A townhome or townhouse generally consists of three or more units with shared walls in a single building, and the property lot is limited to the ground on which the unit stands, with perhaps a small exterior patio area. There are often shared common grounds, but the key difference is there is no additional private land.
Getting Back Your Free Time
Patio homes are gaining popularity with homeowners of all ages because they offer the usual advantages of single family home ownership – privacy and yards – while entrusting most external building and lot maintenance chores to a home owners association (HOA). This frees time that can be spent with family, in recreation or whatever activities that would be lost doing household tasks.
A patio home can be the perfect solution for young professionals who travel often, to recent retirees who are seeking a homey atmosphere with a lot less upkeep and “lock and leave” convenience than a traditional home.
For even less exterior concerns, the townhome fits the bill. HOA fees for patio and cluster homes are generally comparable to those of townhomes and condos, depending on the services and other amenities provided by the HOA.
Single-family detached communities can have HOAs too; their services and dues vary for the amenities and services provided.
Let’s review this style of living further next week. If you would like to know more in the meantime please give me a call. I am never too busy to help you with your real estate needs.