Condos and Townhomes in Nashville start can range from $250,000 to the Million Dollar range. The price mainly depends on the location, size and amenities. If you are looking to purchase a home for a more affordable rate, consider a Condo or Townhome in the Nashville Area. This makes a Condo or Townhome a perfect solution for a First Time Homebuyer in Nashville. Click here for property updates!
TOWNHOUSE VS. CONDO: WHICH SHOULD YOU BUY?
Condominiums are similar to apartments in that you purchase an individual unit inside of a larger building, but not the property it sits on. This generally includes access to the building’s amenities, such as the clubhouse, pool, and gym. However, condo owners are not responsible for the upkeep and repair of these common areas. Because of the number of shared spaces, living in a condo often allows for meeting new people and building a strong sense of community. There is a fairly similar vetting process for loan approval as for a full-sized home; however, the lender will also look at the health of the condo association.
Those who purchase a townhome are generally purchasing the complete unit, both inside and out, including the land it sits on. This might also include the driveway, yard, or roof. Traditionally, these units are two- or three-stories tall and may also include common areas like pools and parks. Townhome owners pay a fee to a homeowners association every month and the loan process is the same as buying a full-sized home.
Which is the best choice?
Both townhomes and condos offer less maintenance than a traditional home and generally offer great shared areas. Your decision ultimately comes down to you and your family’s needs and wants. Things you’ll want to take into consideration include location, lifestyle, family growth, and price.This makes either option perfect for a First Time Homebuyer in Nashville, TN.
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Condos and Townhomes for sale in Nashville!