The founder and former president of AAUG Realty, Gregor Gregory is a business leader with a background in property insurance. At AAUG Realty, Gregor Gregory led the company’s land acquisitions and townhouse developments. He also oversaw the sale of these townhouses.
Townhouses have found a new popularity in the past couple of years, accounting for 13 percent of all new construction in 2019, according to Bankrate, a consumer financial services company. Townhouses are multi-floored properties that share one or two walls with adjacent homes. Each townhouse has its own entrances and outdoor space. In urban environments, townhomes usually have a uniform look and are maintained by a homeowner’s association.
Townhouses are often less expensive than traditional single-family homes, and they need little maintenance (homeowners’ associations take care of that). However, townhouse owners may have to put up with noise from their neighbors, and older residents may not be comfortable with multi-floor living.
If you decide to purchase a townhouse, consider in-house features as well as community amenities, and find out if there is a homeowner’s association and how restrictive its policies are. During your site visit, evaluate the extent of noise pollution in the house, assess the state of common areas, and talk to neighbors to uncover issues you may want to know about before buying.
