Why First-Time Homebuyers are Drawn to Townhomes

First-time homebuyers are optimistic about stepping into the market this year, according to a nationwide survey by TD Bank. However, taking the first steps in looking for a place to call home can be overwhelming, with homebuyers searching for something that is both practical and budget friendly. Many first-time homebuyers are turning to townhomes as the perfect fit – an affordable, comfortable solution to achieve the dream of home ownership.

For first time homebuyers, staying within budget while also checking all boxes is essential. Townhomes offer both functionality and affordability – they are often more cost-efficient than single-family homes, making them a great start for homebuyers on a budget. Additionally, townhomes can help homebuyers enter the housing market sooner, while benefitting from potentially lower carrying costs. They also allow first-time homebuyers the opportunity to build equity before transitioning into a single-family house.

Another selling point of townhomes is that they require less external maintenance. With some homebuyers coming from renting, they are accustomed to having an HOA or similar service to take care of landscaping and exterior upkeeping, making for an easier transition to townhome-style living. Shared walls and more manageable lot sizes also minimize maintenance.

One of the most important things about townhome developments is that they tend to create a sense of community and often foster a sense of belonging. In these walkable neighborhoods, residents have plenty of opportunities to engage with one another. Townhome communities typically offer many shared amenities, including pools, fitness centers, parks or walking trails that make it easy for new homeowners to meet their neighbors and build relationships.

While not as secluded as a single-family home, many townhome communities are still designed with privacy in mind. Townhomes often provide homebuyers with private entrances and outdoor spaces, creating a feeling of independent homeownership with reduced handling and cost. There are typically less shared walls than in apartment buildings, offering more separation between residents, as well as no shared hallways or elevators (in most cases).

For first-time buyers looking for location, lifestyle, and long-term value, Tri Pointe Homes® offers several townhome communities in the most desirable areas of the Triangle. Twinleaf Townes in Chapel Hill is the Triangle’s first community featuring designs from celebrity interior design expert author, and Emmy award-winning TV host Bobby Berk. Townhomes at Twinleaf Townes offer 3-4 bedrooms, 2.5-3.5 bathrooms and 2-bay garages and showcase the best of affordable premium living in the Chapel Hill Area.

Tredenham in Durham offers homebuyers the opportunity to make another great Triangle location home, just minutes from several world-class educational institutions. Each two-story townhome features 3 bedrooms, 2.5 bathrooms and a 2-bay garage.

Meanwhile, homebuyers can discover the perfect combination of a sophisticated, yet easy lifestyle at the Mews at Holding Village in Wake Forest. These townhomes feature 3-4 bedrooms, 2.5-3.5 bathrooms and 2-bay garages with a wide array of amenities available in the larger, planned community of Holding Village.

Each of these townhome communities are built with the satisfaction and accommodations of contemporary lifestyles. Open-concept layouts, fashionable finishes and the perks of Tri Pointe Homes’ LivingSmart® program allow for comfort and savings through energy efficient features and smart home technology. For first-time homebuyers, these features are an extra advantage to the appeal of townhome communities.

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