If you’ve been thinking about building rental property now is a great time to build a townhouse. If you’re looking for townhouse floor plans, you’ve come to the right place. Now is a great time to build a townhouse, and other rental property for a variety of reasons.
Interest Rates – Interest rates are still at historic lows making this a great time to invest in rental property. Interest rates are expected to increase this year so now is a great time to lock in while rates are at their lowest.
Low Inventory – All over the country the housing market is doing very well – if you’re selling your home. If you’re looking for a place to live it’s another story. Inventory of used homes for sale is at record lows. Homes go on the market and have multiple offers in days, sometimes hours. If you are lucky enough to find a home you like, are prequalified for it and it’s in your choice of location the odds are good you’ll pay more than the asking price because of multiple offers.
Location – When you build new townhomes you can choose from some very desirable locations in the city. Because the footprint of a townhouse or townhome is smaller than a single-family home, and yet still larger than a single-family home, you can build where ever there is a smaller lot available. Because you’re building up instead of out you can choose lots that might not be considered optimal for single-family homes.
Floor Plan Selection – Our townhouse floor plan selection is vast. We have a large library of the most beautiful townhouse floor plans you’ll come across. We have townhouse floor plan in all sizes – from 2000 square feet and under to 5000 square feet or more. Looking for luxury townhouse floor plans, we’ve got you covered. Check out our entire library of floor plans by clicking here.