Townhouses, like condominiums, had a slow start in St Louis, however have gained in popularity over the past few years. Townhouse buyers are often prior home owners that are looking for a different type of lifestyle but are not quite ready for a condo as they still desire the look and feel of a house. Many townhouses are either condominiums ore in subdivisions where at least some exterior maintenance is included in the association fees.
Buying a townhouse is quite different than buying a home. If the townhouse part of a condominium association, the financial strength of the condominium association should be reviewed to assess the possibility of being hit with a special assessment after buying. If the townhouse ownership is fee-simple, like a detached home, the financial strength of the subdivision association should be reviewed as well as the existence of, and sufficiency of, a shared wall agreement as well as easements and other agreements that may be needed to assure proper access for maintenance and improvements in the future.
Our brokers and agents have the experience with townhouse sales necessary to be able to properly guide you through the process and assure that your townhouse purchase will be a great experience. Please Contact Us, and we'll be happy to help.
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