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Nov 30, 2021 · Duplexes don’t come with HOA fees. Obviously, if the entire neighborhood is monitored by an HOA, this is different. However, duplexes generally do not involve any sort of HOA fee because both units are governed by the same person.
- Ossiana Tepfenhart
Duplexes, with their higher purchase price, demand a more substantial upfront investment but promise a return through rental income. Townhouses, often more affordable, offer a cost-effective path to homeownership, with HOA fees that streamline maintenance costs.
Townhouses are great for buyers looking for the single-family lifestyle on a lower maintenance property, while duplexes are typically for buyers who want a residence and an investment opportunity. Below, we’ve outlined more info on each so you can make the decision that’s right for your family.
- Shannon Llewellyn
One advantage of the homeowners association is the shared common areas. As they are communal, expenses are lower, and facilities are less expensive. A good example of this would be installing a pool. Additionally, maintenance costs are also lower.
3 days ago · The Chancellor announced an increase in the Stamp Duty Land Tax for those buying second homes, buy-to let and companies buying residential property from 3% to 5% from 31st October 2024. This move is seen as a way to prioritise those buying a home to live in – which we strongly support.
It’s important to note that the difference between a single-family residence HOA and a condo or townhome HOA has nothing to do with fees; rather, the fees will vary based on what each HOA covers and which amenities they offer.
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There are three types of leasehold charges: ground rent, service charges and administration charges. You should understand what you are likely to have to pay for each of these before you exchange contracts on the property you are looking to buy.
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