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Any financial advantages or disadvantages to buying a townhouse vs. a stand alone house?

Other than the HOA fees associated with the townhouse.
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January 30 - Playa Del Rey
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Answers (6)

Both have their advantages and disadvantages.  In trying to decide which works best for my clients we review what type of lifestyle they are looking to live within their home.  In California, I don't see as much as a difference with values as condo's are often a first point of entry into the real estate market due to affordability.   With low inventory you are often driven more by price and may not even have the option of the lifestyle.   Sometimes we have to give up some of our wish list in order to just get into a home.  I've seen this occur several times with clients and they have been very happy and more happy when they can upgrade to their dream home.  Something they wouldn't have done if they didn't make initial sacrifices. 
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February 11
Financially, many first time buyers can buy a Condo or Town home and it's a common first step. Homes in our area of West Los Angeles (Playa Vista, Marina and Playa Del ReY) are high for an entry level home buyer.
IF you were to compare the two in terms of desirability, homes would be preferred by most buyers. Single family homes traditionally do appreciate faster then condo or town homes.
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February 05
WIth a stand-alone house, you are buying land, and that land may appreciate in value over time.

Personally, I prefer to keep my real estate investments separate from where I am living. I figure that if I buy a house I don't like because it's a better deal, then I'm essentially living at work, and I have no place to go 'home" to.

All the best,
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January 31
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A stand alone house generally appreciates faster than a townhouse. You may have more out of pocket maintenance to pay on a stand alone, but townhouses can have "special assessments" that you don't control or count on so that's something to consider.

I would personally choose a stand alone, but you have to choose the property that best fits your goals, budget and lifestyle.
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January 31

Hi,

Even though most people would say that a single family home would eventually appreciate more than a condo/townhouse, it really depends on the home itself and your situation.
Plus, in Southern California, buying a single family home in many areas does not seem to be financially feasible for many homebuyers (try to find a SFR under 600K in cities like Culver City, Playa Vista, El Segundo, etc...) so buying a townhome is still a way to move into the neighborhood you want and send your children to the local schools.

Whichever you buy, hope you're happy with your decision! 
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January 31
I can't provide an exact answer for that but hope these articles can help:

article 1

article 2
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January 30
 
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