Townhouse investment in Romania: the lowdown
The townhouse, which combines features of individual houses and apartments, and which is a frequent view in countries like the Netherlands, UK, and US, has become an option for Romanian buyers as well. Let’s have a look at what a townhouse…
The townhouse, which combines features of individual houses and apartments, and which is a frequent view in countries like the Netherlands, UK, and US, has become an option for Romanian buyers as well. Let’s have a look at what a townhouse offers and what is available in Romania.
A hybrid between a villa and an apartment, a townhouse takes the best of each. Think 10 Downing Street, the townhouse which hosts the famous UK Prime Minister seat, the brownstone New York townhouses, or the conjoined homes of Saint-Germain-des-Prés.
Townhouses are iconic and combine aesthetics, functionality, and durability. The concept dates back from 17th century France, then moved to Britain and across Europe, and even to the US. Their styles vary from country to country, but they do have some things in common.
A townhouse usually has a small footprint, compensated by the presence of several floors, generally between 2 and 4. Each such house has 2 individual entrances, directly from the outside, and shares 2 walls with the neighbouring houses. Townhouses, which are built in a row, while keeping their individuality, have terraces, often generous, and some of them even have small gardens.
Why should you choose a townhouse?
A townhouse is usually a choice for active families who need space but don’t have time for upkeep and maintenance. They want a beautiful garden but don’t have time to care for it: each townhouse can have a garden in front, which is cared for by the homeowners’ association.
Those who need generous spaces usually pick townhouses. For example, in Avalon Estate in the northern part of Bucharest, townhouses range from 232 m2 and 297 m2 and have between 4, 5, or 6 rooms.
Those who need large kitchens, at least 3 bathrooms, 2 terraces, and a garden often choose to buy a townhouse. They value privacy and safety: a townhouse is sometimes part of a compound with 24/7 security.
Why invest in a townhouse?
Townhouses have lower costs than an individual house offering the same space, and, most importantly, have lower maintenance and upkeep prices. Green areas are cared for by the owners’ association. Townhouse owners who live in compounds have access to private facilities in the complex: private parks, clubs, swimming pools, all within walking distance, 24/7 security & car-free areas.
Such a house has a lower energy consumption in the cold season as two exterior walls are shared with the neighbouring townhouse.
Where are townhouses located?
