Because of its favorable government policies, Dubai has evolved as a real estate investment destination over the years. If you want to invest in this city, a townhouse in Dubai could be a good option. In fact, many investors prefer 3 and 4 bedroom townhouses for sale in Dubai. A townhouse is a multi-level dwelling space that you can own individually. Each property shares one or two exterior walls with the adjacent property. As a result, these are single-family homes that are connected to similar properties by shared walls.
Townhouses prove to be more cost-effective than single-family homes. Furthermore, the owners can benefit from a variety of factors such as increased independence and privacy. Theproperty's high resale value will benefit you in the coming years. Regardless of the size or configuration of the property, owners must pay an annual association fee for maintenance.
What Is the Difference Between a Townhouse and a Condo?
Condos and townhouses are two types of residential spaces available for purchase in various areas of Dubai. These properties are ideal for living in urban areas with limited space. Although they share some similarities, as a prospective owner, you should also be aware of the differences.
Ownership
In the case of a condo, you can own your unit within a larger complex. However, you will not own the complex. You also get a sense of ownership over common areas like the outdoors and the hallway. In the case of a townhouse, you would own the entire property, including any yards that came with it as well as the interiors. This explains why townhouses provide a greater sense of ownership.
Structure
A townhouse is not the same as a condo in terms of structure. The latter is a living space contained within a larger complex or building. This is comparable to an apartment in a larger estate. These structures could be high-rise or low-rise. A townhouse, on the other hand, is typically a single-occupancy property that shares walls with some of the surrounding properties. It is still linked to the rest of the property by these common walls.
HOA dues
The homeowner association fees (HOA fees) are the charges that you must pay to an elected board in order to keep the standard amenities in the properties in good working order. HOAs include both townhouses and condos. However, the fee and scope of included services may differ. Condos may have more shared spaces such as gyms, outdoor areas, parking zones, and hallways. This explains why HOA fees in condos are typically higher. There are some shared spaces in townhouses, but they are not as extensive as in condos. The HOA fees only cover the most basic amenities, such as landscaping and trash removal.
HOA guidelines
The HOA frequently establishes some general rules governing common areas, modifications, pet ownership, and so on. These norms are more stringent in the case of a condo. This is due to the fact that many families or individuals share a single shared roof. This is not the case with a townhouse.
If you choose a condo, you will not be able to change the common areas. However, if you choose a townhouse, you will have the freedom to make minor changes or have the courtyard landscaped. However, maintaining external uniformity throughout the complex is critical. For example, if you want to paint the exterior of your home, you may have to choose from a few colors.
Contact A Real Estate Consultant
Looking for a cheap four-bedroom townhouse for sale in Dubai? Seeking professional assistance from a real estate consultant would be a wise decision. NHD Real Estate Brokers' experts can help you with this. This will give you an idea of the likely price of the property based on the area in which you want to buy. The professionals will thoroughly guide you through the legalities and assist you with the paperwork.
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