In a sizzling real estate market such as the one in Colorado Springs, townhomes can be a good option for buyers. While the inventory of single-family properties in the Pikes Peak region continues to be low, there are some fantastic townhomes for sale. Perfect for single buyers, couples, and small families, these properties offer the same benefits (and then some) as detached homes.
First, the Home Owners’ Association (HOA) manages townhomes.
Common concerns we hear from buyers are that HOA’s are expensive, or difficult to deal with. These things aren’t always true though. Yes, the HOA does collect monthly dues from owners, but these fees will typically include the equivalent of homeowner’s insurance, exterior building maintenance, landscape maintenance, trash removal and snow removal.
The HOA also takes care of exterior maintenance for townhomes. Roof replacements, exterior paint, and landscaping are not the responsibility of residents. Instead, the HOA ensures the neighborhood looks pleasant and takes care of tasks that typically fall on the shoulders of homeowners. This means townhome owners can enjoy their weekends in other ways (there are plenty of things to do in Colorado Springs!) while knowing that their yard is being taken care of.
During winter months, townhome owners will also enjoy having snow removal services, also taken care of by the HOA. When townhome owners are ready to sell, they don’t have to worry about their neighbor’s yard, or curb appeal. This is all taken care of by the HOA. Best of all, most townhome communities offer common space for residents. These spaces often have a pool, park, and other family-friendly amenities.
So, if you have recently felt discouraged about the affordable low inventory of single-family homes in Colorado Springs, it might be worth looking at some townhomes. With many spacious, new-build properties, we find buyers are often surprised at how a townhome can meet all their needs.
Give our team a call today, and we can talk about whether a townhome in Colorado Springs is right for you!