Start the New Year in a New Home Steps From Charlotte’s Most Bustling Neighborhoods
Imagine sitting down with a glass of wine on your rooftop terrace on a Friday evening, watching the glittering city views over the North side of Uptown Charlotte. After an at-home happy hour, you decide to walk over to the hip Camp North End, where you grab a burger at Bleu Barn. The next morning, you wake up and hit the farmers market, all just steps from your home.
This could be your reality as one of the buyers at North End Terraces, new townhomes near NODA from Hopper Communities, one of the most trusted builders and developers in the Charlotte area. The first townhomes for sale in the North End Terraces community are ready for move-in this January 2024, and residents will start their new year in a brand new home as the first person to ever cook in the kitchen, sleep in the bedroom, or enjoy the pristine luxury of a totally new build.
Priced starting at $550,000, these modern townhomes are available now, and each is built with a clean-lined, industrial architectural look that features functional floor plans, covered balconies, and expansive windows that let natural light stream in. These sleek, sophisticated townhomes offer glimmering quartz countertops, shiny new stainless steel appliances, hardwood floors, designer tile bathrooms, and high-end details, including a touchless kitchen water faucet, gorgeous contemporary light fixtures, and electric car plug-ins. There’s even a lively community dog park that’s fenced-in, perfect for your furry friend.
Some homes have a direct sightline to the heart of the action on the North side of Uptown — these homes will likely be the first to sell, so come fall in love with the view today.
Discover Camp North End
Beyond the stunningly designed units, if you’re looking for vibrant, connected urban living in Charlotte, then North End Terraces offers the best of multiple micro-neighborhoods. Nestled between NODA, Charlotte’s eclectic Arts District filled with galleries and music venues, the Central Business District from Uptown, and just steps from Camp North End, you’ll find walkability and variety.
At Camp North End, you’ll find 76 acres of reimagined historic space that was once a car factory and military depot. Now, it’s an exciting, creative area that showcases public art, entertainment, food, drink, innovative remote workspaces, and gathering spots for neighbors and visitors. There are exciting events year-round, and this holiday season will see ice skating on November 22-January 7, a charming mistletoe market on December 2, 9, and 16, and live music on Fridays. And, if there wasn’t already enough hustle and bustle in the area, a high-end recreation and entertainment space called The Tipsy Pickle is coming Summer of 2024. Offering a full-service kitchen, three bars, event spaces, pickleball courts, golf simulators, ping pong, pool tables, shuffleboard, cornhole, and darts, the Tipsy Pickle is poised to become a community hub and will continue to bolster the property values in the area.
Make Homeownership a Reality in 2024
With all the action and development in Charlotte’s North End neighborhood, there’s never been a better time to invest. But we know the journey to homeownership right now seems like an uphill battle, especially with rising interest rates. But, because of Hopper Communities’ unique place in the Charlotte real estate market, we’re making it easy for you to afford your own townhome in North End Charlotte.
For a limited time only, we’re offering $12,000 towards your closing costs and/or buying down your interest rate on luxury townhomes in North End Terraces!
Contact us today to schedule a tour and find out more about finding your Charlotte townhome.
An Interest Rate that starts with a “4” in 2023? It IS Possible with Our New Year, New Home Savings!
Exquisite, Luxury Townhomes Ready Now Near Myers Park
There’s a privilege that comes with saying you are one of the original owners in a luxury townhome living community, particularly when that community is adjacent to Myers Park a stone’s throw from everything Charlotte has to offer, and yet feels like a hidden retreat in the city. Tucked away in Barclay Downs, surrounded by towering, established trees in a natural, wooded setting, The Nolen Townes community finished their first building phase in 2021, and, 23 sold units later, only four homes remain.
All four of the remaining units boast the award-winning Briar Floor Plan, which just received floor plan design accolades at the 2023 STARS Awards, put on by the NC Home Builders Association. This spacious and stunning floor plan, with a thoughtful layout that’s as functional as it is luxurious, was the winner for “Best Interior Design for a Home Between 2,501-4,000 Sq Ft.” The 3,400+ square foot, 4-story Briar Floor Plan offers a contemporary open floor layout and modern, high-end new construction in the heart of Charlotte.
Each 3-bedroom townhome with a garage boasts 4.5 baths, 10’ ceilings, 7” hardwood floors, elevators, and elegant, high-end finishes. Enjoy entertaining friends in your sparkling kitchen with quartz countertops and top of the line appliances. Embrace indoor-outdoor living while relaxing on your covered terrace. Light a fire in the outdoor fireplace on a crisp autumn day or breathe in the fresh air from the lush trees and wooded surroundings. Just imagine the chef-worthy meals you’ll whip up in your townhome kitchen with its high-end finishes, or envision yourself sitting outside with a mug of hot coffee in the morning, spotting a deer running across the serene setting just beyond your back door. You won’t find this setting anywhere else in this exclusive area.
This is life at The Nolen Townes, where you’ll find the perfect blend of classic, English countryside sophistication and modern, light and airy styling. These are homes for design-minded people who want to feel as if they’ve stepped into a relaxed retreat every time they walk through the front door.
At The Nolen Townes, you’re right where Runnymede Lane meets Selwyn Avenue, which provides quick access to getting around town. Within minutes of your new home, you have Selwyn Avenue and the shops at Selwyn Corner, the Greenway, Park Road Shopping Center, South Park, South End, and Uptown. There are countless restaurants, shops, and bars nearby, as well as all of the convenient everyday shopping you need, including Publix, Fresh Market, Costco, Home Depot, Harris Teeter, and Southpark Shopping Mall.
You can stay active just minutes from your home, whether you hit the walking and biking trails within the Myers Park neighborhood or explore the popular Freedom Park, with its 98 acres of trails, ball fields, playgrounds, 7 acre pond, and green space. Prefer to hit the links? Myers Park Country Club is practically within putting distance.
This luxury townhome community in Charlotte was named the 2022 MAME Award Community of the Year, and you still have the opportunity to own one of its most exclusive high-end townhomes with elevators and a natural setting boasting spectacular views. Take a virtual tour of these polished and welcoming homes, and schedule a time to see The Nolen Townes in person today.
How to Utilize Your Rooftop Terrace in Charlotte, NC
Outdoor living is one of the many perks of a townhome that features a “Rooftop Terrace” where you can enjoy the fresh air and an expansive view of your neighborhood and the city. Whether you’re hosting a barbecue during the dog days of summer, an al fresco dinner once the temperatures begin to drop in the fall, spending a cozy morning with a blanket and a cup of tea in the winter, or throwing spring’s first big soiree, a rooftop terrace in Charlotte, NC is truly a four-season living space.
But a rooftop terrace is only as functional as its setup, so make the most of your space by turning it into an area that you’re delighted to spend time in. From outfitting it with the proper furniture for the way you live to making sure there’s shade, adequate lighting for evening occasions, and even a few touches of greenery, here are 8 ways you can best utilize your rooftop terrace this summer and beyond.
1. Carve Out an Outdoor Seating and Dining Area
Outfit your outdoor space with furniture that will be the most functional for you, your family, and friends. Create a comfortable and inviting space with lounge chairs and sofas with outdoor cushions gathered around a giant coffee table, perfect for entertaining with a charcuterie board. Or, if you prefer to host dinner parties, opt for an outdoor dining table and chairs that will allow you to create that magical al fresco ambiance you’ve been dreaming of. And, of course, you can do both!
2. Create an Oasis with Greenery and Gardens
The sunny exposure of a rooftop terrace is perfect for growing plants, flowers, and herbs. Plus, they’ll add to a relaxing, serene atmosphere. Choose full sun-loving plants that grow well in containers, like citrus trees, lavender, basil, and succulents. You can also get creative with vertical, climbing gardens that make the most of your space. However, make sure to water your plants regularly since the sun exposure on a rooftop terrace can be intense, particularly on hot days.
3. Provide Shade and Privacy
Speaking of direct exposure to the sun, adding an umbrella can be a welcome respite on hot days. Spring for a table with an umbrella stand to give your rooftop a café-worthy look.
4. Install Lighting
Ambient lighting can elevate your rooftop terrace to feel like a chic hotel. Install string lights and lanterns to add that twinkly quality that not only lets you use your rooftop at night, but that makes it feel like a destination. Just imagine the lingering rooftop dinner parties you’ll host under the bistro lights.
5. Add Entertainment Options
Football season will be here soon and the only thing better than tailgating at the stadium is inviting friends over to watch the game on your rooftop terrace. You have all the benefits of the crisp fall air but with immediate access to your fridge. Install an outdoor entertainment area with a TV, sound system, and lounge seating, and you’ll be ready for every sporting event and movie night alike.
6. Dedicate a Yoga or Exercise Space
Outdoor yoga, stretching, or exercise is one of those pleasures in life that makes a weekday or weekend morning feel relaxing and indulgent. With fresh air and birds chirping, a down dog becomes an almost meditative experience. And all you need to create that feeling at home is an area on your rooftop terrace just big enough for a yoga mat. Keep a small outdoor trunk on your rooftop where you store various exercise equipment and you’ll always be ready to move.
7. Make a Cozy Relaxation Zone
Whether it’s a sunny spring morning or a chilly winter afternoon, relaxing on the rooftop terrace with a good book and a cup of tea instantly transports you to vacation mode. Make your own cozy relaxation zone by adding a few outdoor throw pillows and dedicating one blanket that you always use outdoors.
8. Work From Home on the Rooftop
If you work from home, there’s no reason not to take your WFH setup outside on a beautiful day. Grab your laptop and take a seat at your dining table, or get comfortable on your outdoor sectional transforming it into your own personal office. Have an extension cord handy in case you need to plug in.
Don’t Have an Outdoor Living Space (Yet!)?
If having your own rooftop terrace is a dream of yours, it’s time to check out Hopper Communities, where there are new construction townhomes for sale in Charlotte, NC, many with rooftop options. You can find all the perks of townhome ownership coupled with the advantages of indoor-outdoor living in these close-knit communities right in the heart of all the action. Whether you’re exploring a new neighborhood or the idea of owning a home that provides entertainment space on a new rooftop terrace, check out our homes available now and contact us today to schedule a tour.
Our Top Spots in Charlotte’s Lower South End Neighborhood
Just blocks from the buzzy and well-known South End of Charlotte is an up and coming neighborhood known as Charlotte’s Lower South End. With thousands of new residents from across the country funneling into Charlotte, they’re looking for a place to live with walkability and a practically endless list of things to do and restaurants/breweries to try out – Lower South End delivers all that and more.
Here’s our guide to Charlotte’s Lower South End, including the hottest new restaurants, charming shops, captivating entertainment venues, and more.
Our Guide to Charlotte’s Lower South End or LoSo as the Locals Call It
Next time you’re looking for things to do in Charlotte, NC, consider this your one-stop guide to the best places in LoSo.
Where to Eat in LoSo
Goldies, which just opened in May 2023, has four kitchens within their music and restaurant space including Goldie’s Kitchen, Tina’s Pizza, and Big Weiners. Grab anything from an Alabama White Sauce chicken pizza to Carolina Dog to a fried chicken sandwich, whatever you’re in the mood for.
Make a reservation at State of Confusion and enjoy authentic, scratch-made cuisine from Latin America, New Orleans, & the Carolina Lowcountry cuisine. It is one of LoSo’s hot-spots for soaking in the sunshine and fresh air while sipping on cocktails and snacking on one of their many different ceviches.
Stop by Chef Alyssa’s Kitchen for family table meals or take a cooking class so you can recreate incredible dishes at home.
Things to Do in LoSo
Whether you prefer to work up a sweat running the Rail Trail, taking a class at Hive Fitness, or trying your hand at bowling at Queen Park Social, you’ll never run out of new activities in LoSo.
Have you joined the Pickleball craze? Rally, a pickleball and entertainment center opened in June in LoSo. Within the complex is a full-service restaurant with a Top Chef alum at its helm.
If you’re feeling a big night out, catch a concert at Goldie’s. There’s nightly live music and you can catch local acts and bigger names playing everything from rock and roll to country to soul.
And, if you’re in need of fun items to decorate your new home in LoSo, check out antiques and one-of-a-kind vintage finds at the Sleepy Poet Antique Mall or continue the thrifting hunt at GW Boutique.
Where to Drink in LoSo
You could choose a new place to grab a drink every night for weeks and never hit the same spot twice in LoSo. Head over to the Sugar Creek Brewing for beer and perfectly paired eats. Try the classic Olde Mecklenburg Brewery with interiors designed to take you back to the middle ages, or enjoy the outdoor fire pits and live local music, Protagonist Beer, or Brewers at 4001 Yancey. If cider is your thing, stop by Red Clay Ciderworks.
If you’re more in the mood for a caffeine boost we got you covered! LoSo has a laundry list of places to satisfy your caffeine needs such as Land of a Thousand Hills Coffee, Night Swim Roastery & Cafe, Kung Fu Tea, and Burr & Berry Coffee.
Where To Live
If you’re ready to join the thousands of new residents flocking to one of the best places to live in Charlotte, let’s talk! Situated in the heart of Charlotte’s Lower South end, we have gorgeous, move-in-ready townhomes available now at LoSo Terraces. Each home features contemporary architectural style and modern open floor plans, expansive windows, upscale finishes like 5-inch hardwood flooring, quartz countertops in the kitchen and all full baths, stainless steel appliances, optional rooftop terraces and bonus rooms, and so much more!
Schedule a tour today and come live the upscale urban life in this bustling entertainment district where everything you need is right outside your door (and if it isn’t, it will be soon!). Our team is here to help you find your next home in this diverse, lively, and exciting neighborhood in Charlotte. Learn more and contact us today!
Hopper Communities Wins 5 More Home Building Awards in 2023
At Hopper Communities, we consider ourselves a community builder first and foremost. We are driven by our mission to create thriving residential neighborhoods that have a positive impact on their surrounding areas and communities. Our proudest moments are when we see residents making memories in their new homes, meeting neighbors, enjoying the local businesses in their neighborhood, and of course, building equity in a long-term investment that they own.
It’s with this in mind that we are thrilled to announce the hard work our team has poured into creating these neighborhoods has been recognized for the third year in a row by the prestigious MAME (Major Achievement in Market Excellence) Awards from the Home Builders Association of Greater Charlotte (HBAGC). The MAME Awards recognize the best in sales, marketing, and design in the home building industry, and our team’s incredible efforts are in great company with some of the best builders and land developers in Charlotte, NC.
This year, Hopper Communities was honored with the following awards:
- Developer of the Year
- Best Logo Design (Davidson Walk)
- Best Print Ad (The Nolen Townes)
- Superintendent Achievement Award
- Land Manager of the Year
In addition to career-defining wins like Developer of the Year, Superintendent Achievement Award, and Land Manager of the year, two of our welcoming neighborhoods were called out specifically as award winners. The Nolen Townes, a European-inspired community next to Charlotte’s Myers Park neighborhood with old-world style, urban walkability, and modern amenities, and Davidson Walk, a townhome community in the charming college town of Davidson, NC, which offers access to restaurants, boutique shopping, arts, and more. These are just two of our lively neighborhood communities, and each offers unique character and amenities that provide residents both exciting experiences and peace of mind.
These awards are made possible by the talented team at Hopper Communities. From our development, purchasing, and marketing teams to our office managers, sales consultants, and superintendents, each person plays an integral role in helping make Hopper Communities a vibrant, lively place to call home. One of our greatest joys is being able to surprise and delight future residents with inspired branding, and this year, the team is thrilled to share the Best Logo Design (Davidson Walk) award with our strategic collaborators at Yellow Duck Marketing.
At the end of the day, Hopper Communities is not just a townhome builder or a real estate developer. We are truly passionate about building neighborhoods that are good for residents and the community. We pour this energy into every project, every day, and we’re honored that MAME continues to recognize these values and what sets us apart in the Charlotte real estate market.
Want to see what all the buzz is about? Get in touch with our team to set up a tour of one of our award-winning available homes for sale and experience one of the best places in Charlotte to call home.
Why Purchasing A Townhome in Charlotte, NC is a Great Investment
Purchasing a townhome in Charlotte, NC is not only a smart real estate investment, it’s an investment in your day-to-day life. This bustling Southern city attracts more and more Carolinians and transplants from across the country each and every day, all eager to enjoy the perks of urban living, proximity to outdoor recreation, and access to a job market fueled by nearly ten Fortune 500 companies that call Charlotte home.
Whether you choose to purchase a new construction townhome as your forever home or as a starter home that you’ll turn into a long term investment property, the Charlotte real estate market is a safe place to increase your initial investment. And townhome communities like Hooper Communities make it easy to find a home with high-end finishes and locations in some of Charlotte’s most popular neighborhoods, including Lower South End, Barclay Downs, and the Historic West End.
4 Reasons Charlotte, NC a Good Place to Invest in Real Estate
If you already live in Charlotte, you know this big city offers a quality of life you can’t find anywhere else. From charming neighborhoods with walkability, restaurants, and vibrant communities to world-class NBA and NFL sports teams and performing arts venues to a warm friendliness you’ll only find in North Carolina, there are countless reasons to call this place home.
And that’s exactly why it’s a great place to invest in real estate. Charlotte is only going to continue to grow and purchasing a townhome in Charlotte now puts you ahead of the curve.
1. Big City Amenities and Small Town Charm
Big cities don’t always have a reputation for smiling neighbors, always ready to lend a hand. However, in Charlotte, you’ll get all of the urban advantages — restaurants, shops, shows, and a major international airport — but with unbeatable small town charm. From local spots where everyone knows your name to parks, walking trails, and rec leagues, the warmth and community feel of Charlotte make it a place everyone wants to move to.
2. Job Market Growth
Because of a favorable corporate tax and moderate taxes for workers, Charlotte continues to attract major companies and talented employees to the Queen City. Thanks to Bank of America’s initial entry into the market, finance has been a mainstay in Charlotte for several decades, but Fortune 500, tech, and fintech companies are now joining the party. With companies inviting more workers to explore Charlotte, that means they’ll need places to live. As long as the jobs keep coming, an investment in Charlotte real estate is a sure thing.
3. Affordable Cost of Living
According to Forbes, the cost of living in Charlotte is lower than the national average, which is a draw for anyone looking for a more affordable way of life. Plus, over 40% of Charlotte’s population has moved from another state in search of the slower, Southern lifestyle that Charlotte has to offer.
4. Rising Property Values
All of this adds up to property values that are only going to continue to rise — which is why you should look to buy now. Over the course of 2022, property values in Charlotte rose nearly 6% and Zillow predicts Charlotte will be the United States’ hottest housing market in 2023. Yes, that’s in the entire country!
How to Build Equity through Home Ownership in Charlotte
When you invest in a home in a market that’s increasing in value, you start building equity almost immediately. Equity is the amount of home you actually own – thanks to your downpayment + subsequent mortgage payments + the increase of your property value in the marketplace. This amount is what you walk away with after selling, which is your sales price minus your outstanding mortgage balance.
How to Find the Right Townhouse to Invest in
In order to increase your equity as you’re exploring investment opportunities in Charlotte, NC, you’ll want to focus on the areas where property values are increasing rapidly. The easiest way to do that is to invest in an area that is desirable. Look for walkability, convenience, and access to the city’s many amenities. At Hopper Communities, that’s why we’re all about location, location, location. From the Lower South End and West End to Davidson and Barclay Downs, our townhomes are in neighborhoods that will maximize your ROI.
Additionally, look for a high quality, but low maintenance home. You want something that will look as good as new, even long after you’ve signed the closing papers. Hopper Communities focuses on luxury finishes, but without the upkeep of a single family home. Move in and enjoy — then sell or rent and make a pretty penny on your investment. And, when you’re buying with the Home Builder of the Year (no big deal!), you’re guaranteed to buy a quality home.
Are you ready to buy that one-way ticket to Charlotte, NC yet? Check out our available homes and let’s talk, the cost of living in Charlotte is lower than the national average, which is a draw for anyone looking for a more affordable way of life! We’d love to discuss which Hopper Communities townhome is right for you and your family. We’re currently offering up to $10,000 towards closing costs on select townhomes for a limited time!
5West Terraces: The Best New Townhome Community in Charlotte, NC
Considering a move to Charlotte, NC? Put the Historic West End on your radar as one of the most lively, charming, and diverse places to live in the city. From a popular restaurant scene that includes everything from beer gardens to barbecue, local parks and natural trails, to shopping and popular events venues, this neighborhood is a favorite for those who love to get out and make the most of their city.
Four Reasons Why You’ll Love Living in Charlotte’s Historic West End
1. A Foodie’s Paradise
It seems like a new restaurant or brewery is popping up every day in Charlotte’s West End neighborhood. Grab your morning latte and a biscuit at Not Just Coffee, treat yourself to one of the delicious breakfast burritos at Rhino Market, or snag a spot at Blue Blaze Brewing, Lucky Dog Bark & Brew, or Charlotte Beer Garden, on a sunny weekend day. Or, when you want the best fried chicken sandwich in Charlotte, head over to Bossy Beulah’s, while you’ll find our favorite barbecue (the chopped pork!) at Noble Smoke.
2. Shopping, Shows, & Sports
Residents are buzzing about the upcoming development at Savona Mill, and Five Points Plaza is always energized with concert goers at the Charlotte Metro Credit Union Amphitheater. If you’re looking for a one of a kind music experience, check out a show at the Fillmore Charlotte, housed in a 100-year-old fiber mill which hosted artists such as B.B. King, Jason Maraz, Foo Fighters and more! Last, but certainly not least, you can put on your black, silver, and blue, and head to the Bank of America Stadium to cheer on the Panthers.
3. Cultivate An Active Lifestyle
Want to get moving? While you have the excitement of the city, you’re never far from relaxing green spaces where you can breathe in the fresh Southern air. Check out the Stewart Creek Greenway, take a stroll through Frazier Park, or go on a power walk through Seversville Park. Prefer a more traditional work out? There are several gyms and fitness studios within the West End neighborhood.
4. Relish In A Convenient Location
Living in Charlotte’s West End you’ll get the convenience of city living and the ability to explore other neighborhoods just a hop, skip, and a jump away. You’re minutes from public transit to move around town or to Uptown Charlotte, I-77 and I-485 to scoot out of the city for a weekend getaway, or just 12 minutes to Charlotte Douglas International Airport for all of the big adventures you have planned.
5West Terraces Puts You Steps Away from the Action
When you live in West End Charlotte, you want to enjoy every minute of what the city has to offer! At 5West Terraces, all you need to do is walk out your front door and you’re in the heart of the action.
You’ll get to know your neighbors in this brand-new community of 2-4 bedroom townhomes, where everyone enjoys spacious floor plans, ranging from 1,700 to 2,733 square feet. When you’re not out trying new restaurants or cheering on the Panthers, you’ll be relaxing or entertaining in your modern home with an open floor plan, soaring 9-foot ceilings, gorgeous hardwood floors, designer tile, and quartz countertops that make every meal feel like an occasion. Maximize your enjoyment with an optional rooftop terrace and bonus room which you can create to be your private oasis, away from the hustle and bustle of the world. Living at 5West Terraces, you get all the perks and the proximity of this historic neighborhood but with the luxuries of a new-build home.
Plus, when you’re enjoying low maintenance townhome living, that gives you even more time to get out and explore your booming neighborhood. Want to stay in the loop on upcoming events and offers at 5West Terraces so you can experience all Charlotte’s Historic West End has to offer? Sign up for the VIP list and you’ll be the first to know.
For a limited time you can receive up to $5,000 towards closing costs. Contact us today to schedule your tour!
The Advantages of Living in a Townhome (Plus, Three Frequently Asked Questions!
For buyers looking for a new townhome in the top locations in Charlotte, NC, specifically those looking at close-in urban areas like Lower South End and Barclay Downs, townhome communities have become an increasingly popular option.
With the benefits and convenience of city living and the friendly, community-driven neighborhoods, many Charlotte, NC townhomes are attractive for buyers, including first-time homeowners, young professionals, families, and retirees looking to downsize. They realize that townhouse real estate offers advantages including minimal or low maintenance living, affordable prices, and the opportunity to leverage a townhome purchase as an investment.
Let’s take a look at a few of the advantages of living in a townhome and the frequently asked questions about how it compares to other options for buying your dream home.
Cost
With rising interest rates, the bottom line is on many buyers’ minds. Townhomes are typically priced lower than single family homes when comparing apples to apples properties, which makes them an excellent option for first time buyers and also a smart investment move for those looking for the lowest price per square foot in a hot area. You’ll still get the multi-level living of a single family home, with bedrooms that are on separate floors from your main living areas, but at a lower price point.
Convenience
Townhomes, which have at least one wall attached to another home, provide higher density living than suburban neighborhood options, particularly when they’re located in convenient areas that have short commutes into the city and walkability to shops and restaurants. If you want the bustle of the city, but with the buffer of a neighborhood, townhomes fit the bill.
Low Maintenance Living
While you may still be responsible for parts of the exterior of your own townhome, there’s a Homeowners Association (HOA) that is in charge of maintaining the exterior of the building, common outdoor spaces and any shared property. Townhome owners can also take part in the “lock and leave” lifestyle that is becoming more and more attractive to homeowners. Lock and leave refers to the freedom of being able to literally lock up and leave the home for days or weeks without having to worry about safety or keeping up the exterior of the home.
How does living in a townhome compare to a single family home?
A single family home is often thought of as the American dream, but the townhome has been a staple in cities across the country for nearly two centuries. But, for buyers who have zero desire to pick up a lawnmower, townhome living can provide a low maintenance option, particularly if you have minimal outdoor space or if that outdoor space is managed by an HOA.
Plus, there’s often an increased sense of community with a townhome since you are in closer proximity to your neighbors. While you have privacy when you want it, block parties and barbecues are easy to organize and let you immerse yourself in the community if that’s a priority to you.
How does living in a townhome compare to a condo?
Often, townhomes and condos are looked at by a similar pool of buyers. They often have comparable and affordable price points, they’re both often in desirable close-to-the-city areas, and they appeal to buyers who are looking for a lower maintenance style of living.
But, when you buy a townhome, you get a sense of privacy that simply isn’t possible with a condo in a building with shared entrances, hallways, and lobbies. A townhome typically has a private entryway, sometimes a garage, and multiple floors. It lives like a single family home, just with another house attached on at least one side. With condos, your neighbors are right upstairs, downstairs, and, often, to either side. No matter how well insulated a building is, there will likely be noise.
Also, with a condo, you almost always have an HOA that controls building decisions and may charge expensive fees to keep up common spaces and outdoor areas. Townhomes may also have HOAs, but they’re often less expensive and cover upkeep including landscaping and common areas.
How do bills compare from a single family home to a townhome?
While it’s all relative to how big of a house and townhome you’re comparing, typically townhomes are smaller than single family homes. And smaller square footage means less space to heat and cool. Additionally, most townhomes that are built well are insulated just as sufficiently as a single family home, plus, with the exception of end units, they don’t lose heat or cool air through the sides. This all translates into lower electricity and utility bills.
Plus, here’s why buying a townhouse could be a great investment in 2023
Real estate is traditionally thought of as a solid investment, and, if you buy in one of the best townhome locations in Charlotte, you’re almost certainly going to watch your equity and property value grow.
Plus, with an increasing number of young professionals moving to the area each and every year, there are investment real estate opportunities in buying a townhome, living in it for a few years, and then renting it when you’re ready to move to a larger (or smaller!) home. There will always be renters at the ready, eager to sign a lease in a convenient location to the city, and, because of the nature of townhomes being lower maintenance, with an HOA to cover many of the larger projects and, sometimes, even yard maintenance, there’s less for you to worry about as a landlord.
And, if you’re toying with the idea of a condo v.s. a townhome for an investment property, know that with a townhome, you’ll own the land that the home sits on, unlike a condo. Plus, with a townhome, there is more privacy than a condo, and that also means fewer neighbors to worry about, whether that’s an upstairs neighbor who doesn’t realize they’re stomping late at night or the neighbor down the hall who would prefer fewer units are rented to tenants.
Want to learn more about whether a townhome is right for you and if it fits into your long term real estate investment goals? Contact us at Hopper Communities today and check out our available homes throughout Charlotte, NC.