Hello, reeders and welcome back! This week we have compiled a good R.E.E.D for you on the things to consider before venturing into buying or building of Terrace houses.
You may have noticed the recent trend of Terraces houses springing upright, left and centre. Terrace houses are a common feature in the property market and they have become the favourite home types for young families. What exactly are terrace houses and what makes them great?
Today, we will enlighten you on the advantages of choosing to buy, build and invest in terrace duplexes.
What are Terrace Houses?
Terraced houses are multiple mirror-image houses that share internal walls with each other. They are also known as row houses because they are usually in a row of 3-6 units.
Some of the things to consider when buying, building or investing in terrace houses are:
When compared with detached and semi-detached houses, terraced houses are relatively cheaper. This singular advantage has made them more appealing to home buyers.
Small Outdoor Space
When buying a terrace house, you have to forgo that extra space you’ve always craved for. Terrace houses have small outdoor spaces and unless you are buying the end house with an extra space, you might just have to manage that small space.
Except your shared walls are sound-proof, living in a terrace house could be noisy sometimes. Though the noise from neighbours might not be excessive, it is worth considering before putting pen to paper.
Living in a terrace house can affect your privacy as your neighbours can listen in on your conversations or know what you are doing in the house at any given point in time. Before buying a terrace house, it is important to find out if you are comfortable with these privacy concerns or not.
Living in a terrace house requires being considerate and consulting your neighbours before any major renovation that might inconvenience them.