Investing in townhouse realty is as safe, profitable and fashionable as buying a Gauguin or a Van Gogh painting. Well maintained townhomes for sale are equally rare and precious as classical art. You can find great townhomes for sale in New York, Boston, Chicago, Philadelphia and San Francisco.
Original townhouses were built for wealthy people in the best localities of the town. Some of these townhomes for sale have retained their original exclusive nature in that these are now centers of high society. You also have the added advantage of being in the town center. You only share the side walls of your townhome otherwise you have complete independence inside your dwelling unit. Some townhouse realty complexes have great features to offer like community parks and swimming pools.
If you look at townhomes for sale in Manhattan, New York you will see that these are available in an amazing range which begins from $ 800,000 and goes up to $ 38 million. It becomes obvious that townhomes are much in demand and the primary reason for them being great investments is that there are only a few original townhouses left in New York and other cities. This assures appreciation in townhouse realty.
The most famous builders of Townhomes in New York were the Vanderbilt family. They built extravagant homes all over the city including Fifth Avenue. None of the exquisitely built townhouses remain today. Most of them have been demolished. Exigencies of time and space do not spare even the most revered of architecture. Thus the remaining townhomes for sale have a great historical value too in townhouse realty.
The usual placement of living space in townhomes for sale has not changed over time. The parlor floor is situated traditionally on the second floor. This was accessed earlier by steps placed at the front of the house. In modern townhouse realty lifts are used for accessing the second floor but the steps are kept as a typical part of the facade. Bedrooms are located on the upper floors.
Most people townhomes for sale as an investment prefer not to give the property out on rent. This is to avoid any future litigation that may arise if the tenant refuses to vacate the premises. Townhomes are also ideal investments for people who want to live in the heart of a town and use part of the premises as office space. Thus they avoid the frustration of commuting while living at a convenient distance from city landmarks. An investment in townhouse realty, especially in New York, is definitely going to be a good one but you should always hire a good reputed broker to go through all the complicated procedures of acquiring a property. You will only enjoy the benefits of your investment if you get a clear title to your property and it is duly certified and registered with the local authorities. The best way to decide upon a broker and an attorney is by talking to your peers and friends. You can also do a thorough search on the internet to discover the right broker.
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