Often, as experienced townhouse builders, discuss with current occupant clients about how building a townhouse on the small lot could offset the ongoing mortgage costs. One key advantage is that while still living in the small lot, you can offset most of your future mortgage payments by renting out only one-half of the property. The small lot and townhouse concept have been around since the 1970s when townhouses were made on lots with many houses on them. Today, many townhouses can be found built on modular construction and that adds a level of flexibility for the builder.
Many new townhouse builders are also using this flexible approach. Many new building contractors are building townhouses on lots with many house units on them. Because modular construction offers flexibility regarding design and construction methods, it can also help you work more quickly and keep the cost down.
However, building townhouses on lots with shared walls requires additional work such as waterproofing. Townhouses on more than one-acre lots may have to be finished earlier due to weather concerns, and townhouse builders have to plan more carefully when there are several shared walls. In addition to the challenges associated with more than one-acre lots, townhouses located on small lots may have to share a wall or two. There are also concerns about security on smaller lots compared to larger ones. Shared walls in townhouses with communal areas also present particular challenges for townhouse builders.
Building townhouses on more than one-acre lots require different permits than traditional single-family residences. In order to build townhouses on a larger piece of property, townhouse builders will need to apply for building permits separately from the property owners. Permits are often required for all construction on the lot, and these costs vary depending on each state’s regulations. Permits can also vary depending on the amount of space you intend to use for the townhouse. Before applying for building permits, townhouse builders should research the local rules and regulations to ensure that the project is allowed on the property.
Townhouse builders can be instrumental in providing homeowners with many options when it comes to designing the interior of their townhouses. Since the majority of townhouses are located on multiple levels, they need to provide easy access to all levels. Additionally, the design of the lobbies of townhouses should match those of single-family homes. When the lobbies are designed to look like that of single-family homes, they can often result in a lower rent. Consequently, hiring a townhouse builder may be a better return on investment for property owners.
When choosing a townhouse builder, it’s important to find one that customizes to the location of the property. Some townhouse builders will only work on new home construction, while others will do both new home and custom homes. A good custom home builder can create an interior design plan that includes all of the dimensions and features that meet your expectations and budget. Therefore, it’s important to work with a reputable custom home builder so that you get exactly what you want.
By contracting with townhouse builders that have experience building townhouses in your specific location, you can save money by having a custom home built instead of a ready-made building. This can also help you make the most of space-constraints that may be present. For instance, when planning your purchase of a new home, you need to know the number of bedrooms and bathrooms available. In most cases, customizing your home means leaving off some rooms or giving them extra storage space. Building a townhouse instead means that you’re getting more square footage without spending any additional money.
In addition to all of these benefits, many townhouse builders offer attractive financing options and pre-approval for buyers. Because of their knowledge and expertise, townhouse communities provide an excellent opportunity to buy or sell the home and take advantage of real estate investment and financing options. For home buyers and sellers, choosing a reputable and experienced townhouse builders makes sense for a better return on investment and more comfort and convenience than purchasing a traditional home.