Is Buying A Townhome A Good Investment?
Is Buying a Townhome a Good Investment?
When you’re thinking about your next home, there’s more to consider than square footage, bedroom count, or cabinet style. You need a home that fits your lifestyle, your budget, and your long-term goals. For many buyers in the Savannah area, a townhome checks all three boxes.
Townhomes can offer the affordability of an attached home, the feel of a single-family layout, and the potential for long-term value. But is buying a townhome a good investment for you? Let’s take a closer look.
What Is a Townhome—and Why Consider One?
Townhomes are attached homes, typically two to three stories tall, that share at least one wall with a neighboring home. They often feature main living spaces on the first floor and bedrooms upstairs, with smart, efficient layouts that make everyday living easier.
According to the National Association of REALTORS®, townhomes are one of the most common home types purchased in the U.S. They’re especially popular among first-time buyers and busy households who want the benefits of homeownership without the upkeep of a large yard.
Are Townhomes a Good Investment?
In many cases, yes—especially if you’re looking for:
- More affordability than a single-family home
- Lower maintenance costs
- Desirable locations near work, schools, and conveniences
Because townhomes are typically smaller than detached homes and built on less land, they often come with a lower purchase price and lower property taxes. That makes them an attractive option for first-time buyers and anyone wanting a more manageable payment while still building equity.
Townhomes can also be appealing from a resale perspective when they’re located in growing areas with strong job growth, good schools, and convenient access to everyday amenities—like our townhome offerings in the Savannah area, including New Haven at Belmont Glen.
Budget & Financing Considerations
From a financing standpoint, buying a townhome is very similar to buying a single-family home. Lenders look at your:
- Monthly income
- Credit score
- Existing debts
- Down payment and closing cost funds
If the townhome has HOA dues, those will be included in your debt-to-income ratio, so it’s important to factor them into your monthly budget. Just like with any home purchase, it’s a smart idea to get pre-approved before you start shopping so you know exactly what price range works best for you.
Don’t Forget the HOA
Most townhome communities are managed by a homeowners’ association (HOA). In exchange for a monthly or quarterly fee, the HOA may cover:
- Exterior building maintenance
- Landscaping and lawn care
- Common-area upkeep and amenities
- Reserves for future repairs
Before you buy, review the HOA documents carefully so there are no surprises. Pay attention to:
- Rules & restrictions – pets, parking, decorations, noise, RVs/boats, etc.
- What’s included in the dues – lawn care, exterior repairs, amenities
- History of dues increases or special assessments
The right HOA can make townhome living easier and more enjoyable. Just be sure the rules fit your lifestyle.
Benefits & Advantages of Townhome Living
1. Flexible Use of Space
Townhomes are known for their efficient, multi-level layouts. They often include:
- Open-concept main living areas
- Nicely sized bedrooms tucked away upstairs
- Space for a home office, playroom, or hobby area
That makes them a great choice for busy professionals, young families, and downsizers who want comfortable living spaces without a lot of wasted square footage.
2. Cost-Effective Homeownership
Because townhomes generally have a smaller footprint and share walls with neighboring homes, they’re often more affordable to heat, cool, and maintain. Lower purchase prices can also mean:
- Smaller mortgages
- Lower property taxes (depending on the area)
- A more achievable path to homeownership for first-time buyers
If you’ve been priced out of single-family homes in certain neighborhoods, a townhome may open doors in locations you love.
3. Low-Maintenance Lifestyle
One of the biggest advantages of a townhome is the reduced maintenance burden. In many communities, the HOA helps take care of:
- Exterior building upkeep
- Roof and siding maintenance (depending on the HOA)
- Lawn care and landscaping of common areas
That means less time spent on yard work and more time for what you love. Instead of raking leaves and mowing, you can spend weekends exploring Savannah, relaxing at home, or enjoying community amenities.
4. A Sense of Security & Community
Townhome communities naturally create a close-knit feel. Neighbors live nearby, common areas encourage interaction, and shared amenities provide built-in opportunities to connect.
This sense of community can also contribute to peace of mind—many residents feel more secure knowing there are neighbors nearby who are familiar faces and can keep an eye out when they’re away.
5. Great Locations
Many townhomes in the Savannah area, including those at New Haven at Belmont Glen, are strategically located, offering easy access to shopping, dining, entertainment, and employment opportunities.
You get the advantages of a convenient location with the comfort of a home that truly feels like your own.
Is a Townhome Right for You?
Before you decide, think about how you like to live:
- Do you prefer less yard work and more free time?
- Would you trade a big yard for a more convenient location?
- Do you like the idea of shared amenities and a built-in community?
If you answered “yes” to any of these, a townhome could be a smart move—financially and lifestyle-wise.
Connect with Ernest Homes
Whether you’re a young professional, a growing family, or an empty nester ready to simplify, townhome living can offer the perfect blend of comfort, convenience, and value.
Explore our communities in the Savannah area and discover how a townhome can fit your life today while supporting your goals for tomorrow. When you’re ready to learn more about townhome opportunities with Ernest Homes, visit our communities page and connect with us to get started.
