Townhouses are becoming a popular type of dwelling in cities and even smaller towns across Australia. If you’re thinking about selling your townhouse, be sure to market the benefits unique to townhouse living. Here are some of the perks of owning a townhouse, and what you should include in your townhouse listing to increase buyer interest:
(If you’re thinking about selling your townhouse, the first step is to find an expert real estate agent with a skill-set specific to selling townhouses. You can compare real estate agents including their commission rates, marketing fees, sales history and independent homeowner reviews).
1. An affordable option for first home buyers
Financially, townhouses are a great option for first home buyers. They allow them to buy a home in an area they may not otherwise be able to afford. Buyers can often purchase a property with the same number of bedrooms and bathrooms as a standalone property, for a fraction of the price in their desired location. Nowadays, first homeowners can receive up to $20,000 to help them buy their first home, making it achievable to purchase a property, especially a townhouse.
2. Townhouses offer low maintenance living
Many townhouses, particularly those that are a part of a development with two or more properties are often sold with a strata title meaning the property is sold as a portion of the entire development. This means they’re run by a body corporate, and the buyer agrees to contribute financially for the maintenance of the entire development. These fees will increase if you have more facilities, for example if your property has a communal pool or gym. The benefits of being a part of a strata corporation include the fact that residents don’t need to spend lots of time maintaining the property. Townhouse strata fees usually aren’t as expensive as multi-storey tower developments. If you’re selling a townhouse that offers low maintenance, be sure to let buyers know in your market listing!
3. Ideal for young professionals or young families
In terms of size and price, townhouses are a great property choice for young couples and families. If you’re selling your townhouse, it’s a good idea to sit down with your real estate agent and identify your ‘target’ buyer. This way, you can create a campaign specifically aimed at those prospective buyers. This allows you to stage your home accordingly. For example, if you’re targeting young professionals, you might set up a study to appeal to that group. Or, if you’re targeting young families, you might set up one of your rooms as a nursery. If you own a townhouse with higher levels of security than a typical standalone home, be sure to market it. This is often important to buyers who have young children.
5. Communal spaces
Often townhouses are a part of a complex that have communal spaces such as barbecue areas and gardens. If you’re selling a townhouse with community spaces, it’s a good idea to make sure you include them on your property listing, including photos of these areas.
6. Increased sustainability
If you’re selling a sustainable townhouse, be sure to market the eco-friendly features. ‘Green’ homes are becoming increasingly popular among Australian buyers. Example features include solar panels, veggie patches, environmentally sourced materials and smaller floor-plans – all common among modern Australian townhouses. So, if your townhouse includes some of these features, it’s a good idea to include them on your real estate listing.
Selling my townhouse – what’s next?
If you’re thinking about selling your townhouse in the near future, it’s a good idea to talk to a local real estate agent who is experienced in selling townhouses similar to your own. If you’d like to find an expert to sell your townhouse, you can compare real estate agents including their commission rates, marketing fees, sales history, independent homeowner reviews and more!