Buying a Townhouse in Wellington 2023

Wellington is a vibrant city that offers a great blend of urban convenience and suburban comfort, making it a perfect place to call home. Buying a townhouse in Wellington can be a great investment for anyone looking for a new home in the city. Here are some reasons why you should consider buying a Wellington townhouse.

Sense of Community

One of the biggest advantages of living in a townhouse is the sense of community it provides. Townhouses are often located in developments with shared amenities like parks and playgrounds, making it easy to meet and connect with your neighbors.

Privacy

Townhouses offer more privacy than apartment living. They have separate entrances and typically offer more square footage per unit, making them ideal for families or those who value their personal space.

Affordability

Townhouses in Wellington are often more affordable than single-family homes in the area. Additionally, many townhouses come with amenities like on-site parking, which can save you money on parking fees in the city.

KO First Home Grant

The Kainga Ora First Home Grant is a government scheme that offers first home buyers up to $10,000 towards their deposit. Typically, with new build townhouses, you will be able to get more from the scheme as opposed to buying an existing home. With the first home grant, you must buy below the regional house price caps to qualify. In Wellington, the house price caps for a new build townhouse are $925,000, whereas with an existing home, the cap is $750,000.

Low Maintenance

Townhouses are a great option for those who want to enjoy the benefits of homeownership without having to take on the responsibility of maintaining a yard. Many townhouses in Wellington have shared green spaces and landscaping, which are maintained by a Resident's Association. Click here to read more about what a Resident Association is.

Convenient Locations

Wellington townhouses are often located within walking distance of shops, restaurants, and other city amenities. This makes it easy to enjoy all that the city has to offer, often without the need for a car. They're also a great option if you are someone who uses public transport or bicycles to commute.

Great Investment

Wellington is a great place to live, work, and play. It's a city that is consistently growing, with a vibrant economy and many job opportunities. This makes it a great place to invest in a property, as the value is likely to increase over time.
Overall, buying a Wellington townhouse is a great investment for anyone looking for a new home in the city. They offer convenient locations, shared amenities, and low maintenance living.
If you're looking to buy a townhouse in Wellington, get in touch with the SM Property team today. We can help you find properties that match your needs and budget. Visit our Instagram for home buying tips and tricks, and to see some of the Wellington opportunities we have.