What to Consider Before Buying a Townhouse in Gloucester County, NJ


The number of baby boomers and millennials opting to purchase new townhomes in Gloucester County, NJ is continuously growing as more people switch to low-maintenance living. They like the fact that townhomes are smaller and are therefore easier to manage and maintain than single-family homes. These types of properties are also generally more affordable. No wonder many builders are rolling out new construction townhomes in the area to meet current demands.

Are you serious about buying a new townhome in Gloucester County, NJ but don’t know where to start? Here are some of the most important factors to consider when looking for a suitable property for you and your family:

The location

Where your townhome is located on the map will affect your life and the property's investment value. Real estate properties in prime locations are preferred because they offer comfort and convenience—everything is nearby. They also tend to enjoy higher appreciation rates. Townhome communities near business areas, school districts, recreational areas, and shopping malls are considered ideal because they meet the lifestyles of today's homebuyers.

Floorplans

Townhomes are far from the cookie cutter rowhouses of the yesteryears. These days, townhome communities offer a variety of properties with different floorplans, sizes, and home designs to suit all tastes. Just look for award-winning builders and you will surely find the right new townhome in Gloucester County, NJ that meets your needs and reflects your personality.

Association fees

Aside from the mortgage loan, there are other things you will have to take into account when computing for the ‘real price’ of a townhome. Most communities are operated by homeowners’ associations or HOA. They are in charge of the exterior maintenance and keeping the surroundings clean. Their services aren't free—you will need to pay for HOA fees monthly. Be sure to factor this into your budget.


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