Townhomes are attached homes with a private street entrance, multiple floors, and roof rights. Nobody lives below or above you. Townhome communities offer some of the same benefits of condo ownership, such as a Home Owners Association, and also give added amenities, such as a private backyard and attached garage. Some townhome developments offer 'Fee Simple' ownership, which gives you exclusive ownership of the land. However, depending on the contract signed with the Home Owners Association, you could be responsible for the upkeep of external areas of your townhome.
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August 31, 2010 - It looks as though some Chicago real estate developers still have more confidence in the rental market than in selling market rate Chicago condos. According to a recent Crain’s ar...
August 30, 2010 - Since we’ve been talking about some of the units still available and prices of Chicago lofts, we thought we’d mention another Chicago real estate development that falls into that ...
August 28, 2010 - For those of you who might be interested in buying one of the remaining unsold Chicago condos at Aqua but haven’t had time to stop at the sales center, you can now check them out ...