California is the hottest real estate market in the U.S. right now. Everyone from established celebrities to regular Joes wants to own a piece of the gorgeous landscape.
If you’re thinking of moving to California, you should put looking at luxury townhomes at the top of your to-do list. They’ll give you all the benefits of owning property in California without some of the headaches and hassle that can come with traditional homeownership.
Read on to learn more about why this could be the perfect choice for you.
1. Newer Real Estate
If the idea of living in an older home doesn’t appeal to you, a townhome is probably the best option.
Townhomes are often built more recently than a single-family home. If you’re looking for sparkling appliances and state of the art gadgets in your new place, a townhome is most likely to have them already installed.
The architecture will also be more modern, and it will be relatively easy for you to find a style that matches your personal tastes.
2. Passive Wealth Building
One of the more obvious benefits of owning property is that it’s a passive way for you to grow your personal wealth.
This would be true in any market, but it’s especially advantageous in a market like California’s. It’s no secret that home prices have been steadily rising as demand for real estate in cities like L.A. grows.
If you buy a townhome today, it will likely be worth more than what you paid for in just a few short years, adding a hefty sum to your net worth.
3. Cheaper Than A Single Family Home
Not only will you add more to your net worth, but you can start the process with a lower down payment than you’d make for a single family home in a similar area.
No matter what you’re looking for in a home — proximity to the city center, multiple bedrooms, a spacious kitchen — you can probably find it in luxury townhomes for much cheaper.
You may be sharing a wall with your neighbor, but the best buildings have thick enough walls that it’s like they’re not even there.
4. Tax Benefits
Finally, one of the biggest benefits of owning luxury townhomes is the money you can get back on your taxes. The tax code favors homeowners, so use that to your advantage and keep some money in your pocket.
Although tax laws change over time, this is one thing that has stayed constant. Whether you’re looking to write off closing costs or the interest from your mortgage, owning a townhome can work in your favor.
Find Luxury Townhomes Today
If you’re ready to get the keys to your very own townhome in California, work with Powerhouse Real Estate to find the property that’s best for you. We’re dedicated to not only finding the perfect home, but creating a long-term relationship with you that’s mutually beneficial.
Get in touch today to find out more and see if you could qualify for our Preferred Buyers Program.