For most people, purchasing property to live in is a major goal. Owning a residence comes with a lot of advantages compared to being a renter, and in many cases, the mortgage payment on a primary residence can be less than the cost of rent, especially in hot markets. If you are interested in buying property, you will need to decide what type of property to buy. When you're buying your first piece of real estate, you may want to seriously consider purchasing a townhome. Some of the top reasons why it makes sense to purchase a townhome include:

Affordability

In this day and age, housing prices are skyrocketing in many places, making it more difficult for people to save up enough money to purchase residential real estate. One of the great things about townhomes is the fact that they often cost substantially less than a single-family home. A big reason for this is the fact that townhomes usually have much smaller lots, resulting in a smaller price tag. Townhomes are available in a variety of sizes, so you can find a spacious townhome that is much less expensive than a similarly sized single-family home.

Less Maintenance to Worry About

One of the downsides of owning a single-family home is the fact that the homeowner has to worry about all of the maintenance and upkeep. When you want a great place to live but don't want to spend a lot of time and money on maintenance, buying a townhome is a great choice. Townhomes typically have patios instead of yards, so you won't have to focus on yard work. Likewise, most townhome HOA fees cover the cost of maintaining and repainting exterior walls, as well as roof replacement when needed. When you live in a townhome community, all of the common areas will be maintained as well.

Amenities

Most townhome communities have a number of amenities that all residents are able to use. These amenities can include pools, hot tubs, fitness centers, and a clubhouse. A lot of townhome communities also have very nicely landscaped common areas, so you can enjoy spending time outside in your community. Having access to these types of amenities means that you will always have something to do without having to drive anywhere. In addition, using the amenities in a townhome community is also a great way to meet you neighbors and form new friendships.