Townhouses are becoming an increasingly popular choice for Kiwi buyers, with more and more people turning to this type of property as a way to secure their own piece of New Zealand’s property market. So what is it about townhouses that is making them so appealing to buyers in New Zealand?
Affordability
One of the main reasons that townhouses are becoming popular among Kiwi buyers is their affordability. Townhouses are generally priced lower than standalone houses, making them a more accessible option for first-time buyers and those on a budget. They also have lower maintenance costs than standalone houses, which can be a significant consideration for those looking to invest in property.
Location
Another benefit of townhouses is their proximity to urban areas. Townhouses are often located in more densely populated areas, which can make them a convenient option for those looking to live close to the city. This makes them especially attractive to those who want to be close to public transport, shops, and other amenities.
Maintenance
Another advantage of townhouses is their low maintenance. Townhouses typically have shared outdoor spaces, which means that the cost of maintaining gardens, lawns, and driveways is shared among all the residents – also known as a Resident’s Association. We have more information on Resident’s Association in our previous blog, click here to view it. This can make them a more affordable option for those who want a property that’s easy to care for.
Energy efficiency
Majority of townhouses, especially those built recently, are designed to be energy efficient. This is becoming an important consideration for buyers, as it saves money on energy bills and it’s also good for the environment.
Flexibility
The flexibility of townhouses makes them an attractive option for any type of buyer. Townhouses can be used as a primary residence, as a rental property, or even as a holiday home. This makes them a versatile option for those looking to invest in property.
Range of options
The development of townhouses in New Zealand has been increasing in recent years, which means that there are now more options available to buyers. This can make it easier to find a townhouse that suits your needs and budget.
In conclusion, townhouses are becoming a popular choice for Kiwi buyers for a number of reasons. They are more affordable than standalone houses, have lower maintenance costs, are located in convenient areas, are energy efficient, and flexible. Additionally, more and more options are becoming available in the market. These factors make townhouses an attractive option for anyone looking to invest in the property market in New Zealand.
Ready to start your home buying or investing journey? Make sure to chat to one of the SM Property team to help figure out your wants and needs, so we can pair you with the perfect property. You can also visit our Instagram for more tips and tricks, or download our free First Home Buyer’s Guide here.
