Archive for the ‘Chicago Townhomes’ Category

Chicago Townhomes

Friday, July 24th, 2009

The American dream of owning your own home has changed over the last couple of decades.  The dream is still alive but the options have changed dramatically.  One of the fastest growing segments of property sales and areas today is Chicago townhomes.  Owning a townhome has many things in common with owning a traditional home, but it is the differences that count.  It is important before you make that jump into home ownership that you know whether a traditional home or townhome is right for you. 

One area that you need to investigate before you buy a Chicago townhome is the prices of similar properties that have sold in the complex or complexes in the immediate area.   Townhome sales in the area can tell you if the price you are offering is too high or too low.  A comparative analysis will also tell you how long units in that complex have been on the market, if prices have been reduced, how many units are for sale, and the prices in which they sold.  With the ever changing real estate market it is important to be aware of all of these things to get the best value for your money.

Townhome ownership many times is the best option for potential homeowners.  If you would like to have a pool, playground area, clubhouse or many of the other amenities a condo offers then buying into a complex with all of these is your best choice.  You just need to remember you are paying for these with your association fees and there will be others who use these facilities also.  Most veteran apartment dwellers benefit from buying a townhome because they are used to having neighbors close by and using the same amenities with others.  Normally the overall price of a townhome is less than single family homes but still allows equity to build so it is no different in regards to recouping costs assuming the property will appreciate.

The Chicago Townhome market is positively influenced by the shift in the American home buyer.  The twenty and thirty-somethings are entering the townhome market as the baby-boomers are adjusting their buying habits.  Both are in search of a townhome heaven, Chicago.

Almost anywhere in Chicago you can find townhomes that will satisfy anyone’s taste, no matter if they are loft styles on Printer’s Row or Brownstones in Lincoln Park.  There are few cities that offer the excitement, culture, and architecture of Chicago.

Tags: , , ,
Posted in Chicago Townhomes | No Comments »

Townhouses in Chicago

Wednesday, June 3rd, 2009

There are hundreds of townhouses in Chicago for sale. And, you will discover a multitude of townhomes in the surrounding and extended suburbs. Townhouses became extremely popular where there was urban areas of open land being transformed in to townhome communities. There are several reputable developers continuning to build these townhome communities whether they are townhouses in Chicago or surrounding and extended suburbs. Since Chicago is the third largest city in the United States next to New York and Los Angeles, the variety and quantity of townhome selections are abundant. Townhouses in Chicago, and the surrounding plus extended suburbs, are offered in various styles such as traditional, rustic, or modern. In addition, townhouses in Chicago are also referred to as rowhouses which vary in structure whether you choose a single or multi-level structure.

Many people question what is the difference between a townhome and a condo. Condominiums are dwellings that are owned just like a townhome. A condominium’s structure contains several units which is both similar and different than a townhome structure. But the main difference, distinguishing the townhouses in Chicago and Chicago condos, is the type of ownership involved. Townhome ownership is fee simple. Fee simple ownership means you own the ground and air above it. Therefore, you own both the land and building. Fee simple ownership is the most complete form of ownership as opposed to condominium ownership. With condos, you own the walls contained in your structure and the space inside of that.

Regardless of which direction you choose for your real estate purchase, now is the BEST time to buy a townhouse in Chicago or a Chicago condo. It is widely known that real estate is the best road to wealth. Aside from that, owning your own home is the American dream. Fortunately, we are in a housing crisis that allows most buyers today an opportunity to afford purchasing real estate at discounted prices through short sale and foreclosed properties. Another great opportunity to seize would be pre-construction pricing on townhome or condominium developments. There are hundreds of new construction townhouses in Chicago and surrounding plus extended suburbs.  Our condo specialists can find the perfect townhouse in Chicago or Chicago condo to fit your needs.  They will also guide you through your financing needs with our partnering companies.  Why wait any longer? Make your dreams a reality by calling our condo specialist today!  A townhouse in Chicago or Chicago condo is waiting for you.

 

 

Tags: , ,
Posted in Chicago Townhomes | No Comments »

Chicago Townhomes

Monday, June 1st, 2009

The American dream of owning your own home has changed over the last couple of decades.  The dream is still alive but the options have changed dramatically.  One of the fastest growing segments of property sales and areas today is Chicago townhomes.  Owning a townhome has many things in common with owning a traditional home, but it is the differences that count.  It is important before you make that jump into home ownership that you know whether a traditional home or townhome is right for you. 

One area that you need to investigate before you buy a Chicago townhome is the prices of similar properties that have sold in the complex or complexes in the immediate area.   Townhome sales in the area can tell you if the price you are offering is too high or too low.  A comparative analysis will also tell you how long units in that complex have been on the market, if prices have been reduced, how many units are for sale, and the prices in which they sold.  With the ever changing real estate market it is important to be aware of all of these things to get the best value for your money.

Townhome ownership many times is the best option for potential homeowners.  If you would like to have a pool, playground area, clubhouse or many of the other amenities a condo offers then buying into a complex with all of these is your best choice.  You just need to remember you are paying for these with your association fees and there will be others who use these facilities also.  Most veteran apartment dwellers benefit from buying a townhome because they are used to having neighbors close by and using the same amenities with others.  Normally the overall price of a townhome is less than single family homes but still allows equity to build so it is no different in regards to recouping costs assuming the property will appreciate.

The Chicago Townhome market is positively influenced by the shift in the American home buyer.  The twenty and thirty-somethings are entering the townhome market as the baby-boomers are adjusting their buying habits.  Both are in search of a townhome heaven, Chicago.

Almost anywhere in Chicago you can find townhomes that will satisfy anyone’s taste, no matter if they are loft styles on Printer’s Row or Brownstones in Lincoln Park.  There are few cities that offer the excitement, culture, and architecture of Chicago.

Tags: , , , , ,
Posted in Chicago Townhomes | No Comments »

Chicago Townhomes

Tuesday, May 19th, 2009

Chicago townhomes.  Chicago townhouse, Chicago townhouse condos.  What’s the difference between all these?  The word townhome, townhouse or townhouse condo are all the same.  Basically you’re buying an attached piece of Chicago real estate where you own everything inside your four walls along with some common area as well.

One of the main differences in a townhouse opposed to a condo is the townhouse has multiple floors, where the condo is on one level.  Most townhouses have at least two bedrooms and many are three levels including the first, second and lower levels.  Chicago townhouses are priced a bit higher than condos because there is more square footage in them, but in today’s market place there are some exceptional deals out there.

Chicago townhomes usually come in a row of four to eight.  You’ll occasionally see more than this in larger developments but four to eight townhomes in a row is standard.  The look and feel of a townhome in Chicago is like buying a home.  You have a separate entrance to get into your townhouse along with your own garage.  The major difference between your own townhouse and a normal house is the adjoining wall between the two parties.  The two townhouses are connected but everything else acts on its own.

The second major difference between a Chicago townhome and a house is the area around the townhouse. When you buy a Chicago townhome, you’re not only buying the townhouse, but some common area land as well.  This land is divided among all the owners in the association and kept up through association fees.  The up keep in the land is paid for by collecting a small fee from every Chicago townhome owner known as a townhome association fee.  This covers grass cutting, snow removal, insurance, etc.

Chicago townhomes vary in price ranges depending on the area your in.  If you’d like a full list of all condo/townhomes available in the Chicago area, go to OwnACondo.com and click on condo search.  You’ll see every condo or townhome available.

Chicago townhomes are great rentals as well.  If you can afford to buy a second condo or townhome and do not need to use the money from your townhome, you can rent it out.  Renting can be a great way to continue to gain appreciation and tax benefits, without having to pay the mortgage.  You’re renter does.  And if you’re not interested in landlording, there are management companies that can handle the rental side of the game for you.

Tags: , , , , ,
Posted in Chicago Townhomes | No Comments »