Intro

When searching for new homes, one of the first decisions you will make is the type of property you would like to purchase. Of the many options available, you may want to consider a new townhome from Hamlet Homes.

What makes a townhome different from a single-family home, and how can you benefit from these differences? Let’s take a look.

Structural Differences

The most visual difference between townhomes and traditional homes is their basic structure. A townhome has at least one shared wall with another unit, but a traditional house is a single structure that doesn’t share any walls.

Despite popular opinion, traditional homes don’t necessarily have a larger square footage or more rooms. However, in general, townhomes tend to be slightly more compact than single-family homes making them ideal for young families, retirees, or anyone who would like less upkeep than a single-family home.

Cost Differences

In a broad sense, townhomes are generally much more affordable than traditional homes. They’re a cost-effective choice for first time homebuyers. Townhome communities typically boast additional amenities like parks, tot lots or even pools and a clubhouse. Additional services may also be organized by the community — typically through an HOA — for a much lower rate.

Townhome Privacy

Although the assumption with townhomes is there will be less privacy, through modern construction this is very rarely the case. Sound insulation and quality construction stops noise from being a concern. For those particularly concerned, sound-proofing materials are available in many buildings.

Despite the shared walls, the advantages of being in a townhome community can be vast. They often have associations or organizations governing the community, taking some stress off your shoulders as a homeowner.

For more information on new townhomes, or to consult with our new homebuilders, speak to the experts at Hamlet Homes today.

Move-In

As your go-to homebuilders in Utah, we at Hamlet Homes offer both quick move-ins and other new home formats for you and your family. Our communities are both safe and affordable, with all the amenities a modern family needs.

As a prospective buyer, what are some of the advantages of quick move-ins versus under-construction homes? Let’s take a look.

Project Delays

This rarely happens within our new home construction processes, but the construction industry can be variable in terms of timing. Those who cannot afford any delay and need a guaranteed, locked-in date are generally better suited to look to quick move-in locations, just in case there are any unforeseen issues during construction. These are often unavoidable issues that don’t even signal a mistake by the builders, but rather a standard issue within the industry.

Interest Rates and Default

In many cases, under-construction properties will come with higher interest rates. They can also bear higher risks of default, which are expected by many experts in the industry to rise over the next several years. Move-in ready homes, however, can come with lower rates, and can also offer you the ability to save money – there’s no need to pay additional funds to stay somewhere else while the home is finished.

Liquidity

If there’s any chance you may need to sell the property soon after purchasing it, move-in ready is generally the way to go. These homes have more liquidity, and some under-construction homes cannot be sold for a period of time without the approval of the builder, and an extra commission.

Want to learn more about the advantages of move-in homes, or any of our other services? The experts at Hamlet Homes are standing by.

Avoiding Pitfalls is key when searching for a new home. Purchasing a new home is one of the biggest decisions you’ll make in your life, and at Hamlet Homes, we’re here to guide you through the process and provide you with a long list of beautiful homes and communities to choose from. We can also assist you with many of the details involved in what’s often a complex process.

Some of the most important things to know are which mistakes to avoid, and we’re here to help steer you away from those as well. Before you get started on new home construction, here are a few pitfalls to be sure to stay away from.

Overspending Pitfall

Budget is always one of the largest concerns, and there’s a natural tendency to want to spend a bit more than we might think is appropriate. This is totally understandable – a home is one of the defining characteristics for a family and a place where they spend most of their time, and wanting the best for it makes total sense.

However, budgeting properly is vital, both in the present and future. You have to not only consider building costs, but future maintenance and upkeep as well. Keep in mind there are also different types of mortgage options and rates to take in account, as well as, property taxes and utilities. Many people find that making a checklist is very helpful.

No Research

Before purchasing a new home, research the area. You’re looking for things like schools, crime statistics, neighborhood characteristics, and more. Try coming back during different times of day, if possible, and speak to residents in the area if you find any willing to speak with you. A lack of proper research can find you and your family locked into a location or situation you aren’t comfortable with.

Emotional Purchases

Maybe a home is in or near the neighborhood where you grew up, or maybe it reminds you of a cherished childhood memory. These are great memories to hold onto, but you have to separate them from a huge decision like buying a new home. Don’t make any decisions hastily or based on anything but logic and reason.

Furniture

Many people want to get an idea of the furniture and décor they’re interested in even before they begin construction, and we recommend this. You don’t want to get halfway through before realizing things won’t fit with your preferred style, and then be forced to alter your budget or sacrifice your desired look. See if there is a model home available to tour. From there, you can get an idea of what the interior space is like. An alternate option is to get a detailed floor plan.

As premier home builders in Utah, Hamlet Homes will help you navigate these landmines and others, all while providing you top-quality service and locations. Speak to one of our agents today to learn more regarding Pitfalls today!