Is Renting a Townhome Right for You?

    Renters who plan to start a family (or simply want a little more space) might want to consider renting a townhome. It sounds like the best of both worlds, doesn’t it? You get the flexibility of rentership without having to compromise on space. Townhomes also often evoke a more homelike feel than traditional apartments. However, there are pros and cons to renting a townhome. You need to weigh all your options as you consider whether or not renting a townhome is right for you.

    More Space

    Although not always the case, townhomes usually offer more living space than traditional apartments or flats. This can be great: Your townhome will feel quite homey and will often come with access to a yard, a separate kitchen space and (usually) two to four bedrooms. However, you’ll want to make sure you’re ready for this kind of commitment. More space means more cleaning, after all. It also means higher heating, cooling and water bills, which brings us to our next point.

    More Expenses

    Renting a townhome can be more expensive than renting a traditional apartment. You’ll want to consider whether or not this tradeoff is worth it to you and your family, because the money you might be otherwise spending on rent could be going toward your long-term savings. Townhomes are often rented out by homeowners who have moved away, so you may have to cover that homeowner’s association (HOA) fees, property taxes and insurance, and maintenance costs, in addition to those extra utility fees we mentioned.

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