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August 18, 2016

Condominiums vs. Townhomes

Which best fits your lifestyle?

Real Estate Lifestyle

Content sponsored by Garden State Park Native Badge

Garden State Park Townhome Garden State Park/for PhillyVoice

Townhomes and condominiums both offer enormous perks that make them attractive options.

Are you looking to free yourself from your monthly rent and redirect your cash toward real estate that can deliver a return on your investment? Or perhaps you own a large single-family home and you’re looking to simplify your life and make it more manageable. Whatever your reason is, townhomes and condominiums both offer enormous perks that make them attractive options.

Which one is best for your lifestyle? This quick walk-through will help you decide which option is right for you.

Condominiums

Condominiums (or condos) give you the freedom of home ownership with the added luxury of shared facilities. For instance, the gorgeous new properties at Garden State Park in Cherry Hill, New Jersey, feature grand living spaces, state-of-the-art facilities and close proximity to one-of-a-kind shopping opportunities and downtown Philadelphia.

Condos typically feature one level, apartment-style floor plans. Shared spaces, from facilities to landscaping, are handled by management or a homeowner’s association. If you’re a busy professional looking for a worry-free lifestyle, condos offer the dream of home ownership without all of the taxing details often involved. Condos usually include a monthly fee that is used to clean and maintain the community’s common areas and landscaping.

Townhomes

Townhomes are individually owned and usually offer floor plans with multiple levels. They’re a great option for young families looking for space to grow but don’t want all the responsibility that comes with a single-family home. Townhomes are also a perfect solution for those looking to downsize from a larger home – imagine not having to spend your weekends cutting the lawn anymore!

If storage is a must-have for you, townhome living is the way to go. In fact, many townhomes even offer full basements plus garages that are directly attached to your home! From a financial standpoint, townhomes often appreciate more quickly than condos, providing a larger resale value in a shorter amount of time.

Deciding whether a condo or townhome is right for you comes down to weighing your preferences for control over your finances. If you prefer to live somewhere where everything is taken care of and you simply pay a fee, a condo provides tremendous value in that you get access to shared facilities. On the other hand, a townhome begets greater control over monthly expenses at the risk of unexpected maintenance costs. 

Still can’t decide which option is best for you? Luckily, there are a few communities which include access to extraordinary facilities and on-site maintenance for both condos and townhomes. You can transform home ownership into resort-style exceptionalism at Park Place at Garden State Park with beautiful lounge areas, a state-of-the-art fitness center, an outdoor swimming pool, recreation park and access to over 44 acres of preserved open space. If you’re looking for somewhere you can live, work and play, visit Garden State Park and discover your next home today.