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Advantages and Disadvantages of Townhomes for Sale

Pros And Cons Of A Townhouse For Sale

Buying townhouses for sale is a great way to build equity and own property. It is also one of the most stressful things you will ever do. Lance Kammes is an expert in real estate and can help you choose based on what’s most important to you. We can help you find a place that meets your needs and budget. Our experts also can help with maintenance, security, and other problems. Check out our FAQs page to answer more of your questions. Also, feel free to use our mortgage calculator to understand your payment better. Contact us at 630-868-6300 or email us now to know more about how we can help you.

Why Buying A Townhome For Sale Is A Good Idea?

Townhomes are a good choice for people who want to buy a home because they have many benefits. But it would help if you thought about some bad things as well. Here’s what townhomes offer and why you might not like them.


  • Fewer People Than An Apartment Can House

If you live in an apartment building, you and your neighbors must use the same common areas. You also have to deal with noise and people coming and going at any time of the day or night. But if you live in a townhouse, you’ll have your yard, patio, or deck that you won’t have to share with anyone else.


  • It Costs Less To Pay A Mortgage Than To Pay Rent

Most of the time, the mortgage payments on a townhouse are higher than the ones on an apartment. It is because, with time, townhomes need more care and maintenance. They are easier to keep up with than single-family homes because they are smaller. It means that it will cost the same amount to rent or buy housing for sale in Chicago in the long run. In most countries, it is less expensive than renting an apartment at the market rate.


  • More Space To Live In Than An Apartment

Most townhomes for sale have more than one floor, so you’ll have more space for storage and guests than an apartment. Many townhomes have garages that can be used for extra storage.


  • HOA Fees Pay For The Costs Of Maintenance And Upkeep

Your monthly HOA fees for a townhome cover things like landscaping, pools, and clubhouses. You will save a lot of money in the long run because you won’t have to buy these things separately.


  • Chances Of Being Appreciated

Townhomes can increase in value over time, just like any other property type, especially if they are in a good area. It might be a good investment if you sell it later.

overview shot of town homes in a neighborhood
Neighborhood of Townhomes

Common Problems About Townhouses For Sale

The Fees And Rules For HOAs

If you own a townhouse, you must pay monthly HOA fees and mortgage payments. These fees pay for taking care of the whole place. Depending on the size and amenities of your community, it could cost anywhere from a few hundred dollars to more than a thousand dollars per year. Also, HOAs usually have rules about how you can decorate outside your house and what you can do in the common areas.


Inadequate Privacy

Apartments are less private than townhouses. It is not always as confidential as living in a single-family home. It is because townhomes are often joined to other buildings. It means noise and other things can quickly go from one house to the next.


Costs For Repairs And Maintenance May Go Up

Most of the time, HOAs pay to keep up the common areas. Rarely do they come to fix or replace things like your roof or gutters. You might have to pay these costs if something goes wrong, which can quickly add up.


It Might Be Worth Less Than A Single-Family House

Most of the time, the value of a townhome doesn’t go up as much as that of a single-family house, but it can. If you wait to sell, you might not earn as much money.


There Is Less Space When Compared To A Single-Family House

Even though apartments tend to be smaller than townhouses, most apartments aren’t as big as single-family homes, especially if you need more space for storage or guests. Also, many townhomes don’t have garages, so you have less room for your stuff.

Think carefully about the pros and cons of buying a townhouse before deciding whether or not to do so. Townhomes near me for sale have their pros and cons. Before buying one, think about how it will change your life and budget. People like townhomes, but they are not for everyone. 

Talk to a top-rated real estate agent like Lance Kammes before you decide if they are right for you. Our experts in real estate can help you buy, sell, and take care of your own house. We will help you find the best deal because we know everything there is to know about the market. Choose us if you want to sell your home smoothly and if you wish for services that fit your needs. Call us at 630-868-6300 or email us immediately to learn more about our services.

Frequently Asked Questions

Yes, townhomes will retain their value in the long run, but they will experience greater valuation volatility than single-family homes, with values falling faster and recovering more slowly.

If you want to maximize your budget when buying a home, this could be a good option. You will still have enough rooms and space without having to make such a large down payment. For first-time buyers, young professionals, and young families, townhomes are frequently an excellent choice.

Historically, townhouses have experienced less capital appreciation than single-family homes in the same area. Capital appreciation is one of the most important ways for investors to profit from their investment properties.

A condo’s resale value is typically higher than a townhouse’s because the condo retains a greater proportion of its value. In contrast, the price of a condominium is more stable than that of a single-family or detached home.

A condominium, like an apartment, is a single unit within a building or community of buildings. In contrast to an apartment, however, a condo is owned by the resident rather than rented from a landlord. A townhouse is an attached home that is also owned by the owner.

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Looking to Buy a Home in Wheaton, IL?

Why Buy From Homes For Sale In Elmhurst, IL?

Are you looking for a new home but can’t find it? Or have you already made your decision and want to know what else is available? Lance Kammes, the best Realtor in Elmhurst, IL, recognizes that each real estate transaction is personal and one-of-a-kind. You can contact us at (630) 868-6300 or send us an email, and we will gladly assist you with your home buying or selling needs.

You’ve come to the right place if you want to buy a home in Elmhurst, Illinois. This charming town is only 20 miles southwest of downtown Chicago. It has all the charm of a small town and all the amenities of a big city. Here are some reasons why you might want to buy a house in Elmhurst:

Homes For Sale In Elmhurst IL
Homes For Sale In Elmhurst IL

Easy To Commute

It’s easy to work in Chicago from Elmhurst. Take the Metra to Union Station or I-290 south to get around Chicago quickly. People in northern DuPage County can get to work on time because of commuter rail.

Access To Great Schools

The place has some of the best public schools in the whole state. The district has been named one of the top 100 in Illinois for more than five years. It has also won the Illinois School Recognition District award for the last six years. There are four elementary schools, two middle schools, and one high school in Elmhurst.

Plenty Of Entertainment Options

Elmhurst might be the place for you if you like a lot of different ways to have fun. Some great movie theaters in the area, some of which show movies in 3D and IMAX. There are also museums, restaurants, and other fun places to go with friends or family who live nearby or out of town.

Outdoor Activities

Elmhurst is a great place to live if you like to spend time outside. There are many parks to explore, hiking trails to walk on, and bike paths to ride on. If you are interested in golf, you can also find a course.

Vibrant Downtown

Downtown has many places to eat and shop that you can go to whenever you want. You can also find sites like the AMC Loews Theater and The Edge Performing Arts Center, where you can see movies or concerts.

Elmhurst College

Elmhurst College, a private liberal arts college, was founded in 1871. It is one of the best colleges in Illinois, and the campus is east of downtown Elmhurst.

Stable Economy

Elmhurst’s economy is pretty stable. So there won’t be any sudden changes in prices or how many homes are for sale. You can buy or sell real estate here with confidence because you know there won’t be any surprises.

Great Weather

Elmhurst is known for its great weather all year round. It’s never too hot or cold here, which is excellent news for families with kids and retirees. Kids don’t have to worry about extreme temperatures, and retirees can enjoy life without dealing with harsh winters or hot summers.

Low Crime Rate

Neighborhood Scout says that Elmhurst is one of the safest places in Illinois because it has a low crime rate. If you live in this city, you don’t have to worry about getting mugged or having your car stolen.

Lots Of Jobs Available

There are a lot of jobs available in the city of Elmhurst. There are offices for more than 60 companies, like Wintrust Financial Corporation and Motorola Solutions, Inc. It means that Elmhurst is a great place to find a job if you are looking for one.

Affordable Homes

Buying a home in Elmhurst is less expensive than in other parts of Chicago and nearby suburbs. It makes it a good choice for people buying their first home or looking for a home that meets their needs and is within their price range.

Low Taxes

Compared to other places in the country, Elmhurst has very low taxes. The city’s tax rate is low, which means that when you pay for things like schools and police, you get more for your money.

Elmhurst should be at the top of your list if you’re looking for a great place to live in Illinois. Contact Lance Kammes to learn more about the homes for sale in this great city.

10 Tips On How To Buy A Home For Sale

Buying a home is one of the most important investments you can make. The process can be complex, but it doesn’t have to be. Here are some ways to buy a house:

  1. Check The Neighborhood

When looking at Elmhurst homes for sale, you should also check out the area. If that neighborhood has a lot of crime or bad schools, it might not be a good place for your family. You’ll want a place where your family can do well and be happy, so before you offer Houses For Sale In Elmhurst, Il, make sure it’s somewhere you like.

  1. Start Your Search Online 

Many websites list homes for sale in Elmhurst, IL. This makes it easy to narrow down your choices and get an idea of what’s there. You can also sign up for alerts to know when new properties come on the market. 

  1. Get Pre-Approved

When people look for homes, one of the first things they do is figure out how much they can spend. This means getting pre-approved for a mortgage loan and having at least a 20% down payment saved up (or more). It’s also a good idea to make sure your credit score is as high as possible before looking for houses for sale in Elmhurst, IL. This will help you get better terms and rates.

  1. Get The Right Home Loan

There are many different types of home loans, and it’s essential to find the one that works best for you. Talk to your bank or a mortgage broker about your options and compare interest rates before choosing. It’s also good to get pre-approved for a loan to know how much you can spend on a home.

  1. Set Your Budget

Before looking for houses in Elmhurst for sale, you should know how much money you have to spend. It is essential if you’re buying with someone else who may have different ideas about how much you can spend on a home. You don’t want to waste time looking at houses out of your price range or overpaying because you are eager to find “the one.”

  1. Know Your Credit Score

Having a good credit score will save you thousands of dollars over the life of your loan. Your lender will check your credit before giving you a loan. If there are any mistakes or problems on your credit report, they may not give you a loan.

  1. Get A Real Estate Agent 

The Multiple Listing Service (MLS), a database of all the homes for sale in Elmhurst, IL, will be available to a real estate agent. They can help you find the perfect home and get the best deal possible.

  1. Make An Offer

Once you’ve found the house you want to buy, real estate agents in Elmhurst, Il will help you write an offer and give it to the seller. If your request is taken, good for you! You’re one step closer to buying the house of your dreams.

  1. Get A Home Inspection

Even if a house looks like it’s in great shape, it’s still a good idea to have a professional home inspector check it out. They will look for hidden problems that could cost you thousands of dollars in the long run.

  1. Closing

The last step in buying a home is closing, where you’ll sign the papers and give a check for your down payment. Congratulations, you are now a homeowner!

miniature home in palm of hand
Choose Realtor Lance Kammes

Reasons To Choose Realtor Lance Kammes

The market for Homes for Sale Near Elmhurst, IL is constantly changing. The best way to stay ahead of the game is to keep up with what’s going on. Here are a few reasons why Realtor Lance Kammes should be your trusted real estate advisor:

  • Professional 

I have been a licensed real estate agent for many years and have sold and rented out homes and businesses. I know enough about real estate and have the skills to help you achieve your goals.

  • Reliable 

You can count on me to be there for you every step of the way if you choose me as your Realtor. I respond quickly and am always available to answer questions or deal with problems about your property.

  • Compassionate 

I always treat sellers with respect and compassion when selling or leasing their homes. I want to make sure that we work together to achieve our goals.

  • Experienced 

I have closed over 100 real estate transactions in the last five years. My experience and knowledge of the Elmhurst market will help you when it comes to marketing and selling your home.

You need to know many things about the market and how prices change to be successful when you buy a home. A new place can make it hard to figure out how many homes are selling for and where they can be found. With the information above, I hope you now have a good idea of how much homes are selling for and where they can be found.

If you’re ready to start looking at homes for sale in Elmhurst, IL, contact us at (630) 868-6300 or email us today! Lance Kammes will be happy to help you find the perfect home for your needs.

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Frequently Asked Questions

Your solicitor will ask if you have any certificates or guarantees in place, as you must disclose them to the buyer’s solicitor. Dampness is one of the primary certificates. If you have a damp proof certificate, bring it with you.

Is an electrical safety certificate, however, required to sell a house or flat? The answer, perhaps surprisingly, is no. There is no legal requirement for sellers to provide buyers with an electrical safety certificate, also known as an Electrical Installation Condition Report.

These fees must be paid regardless of whether you are selling an apartment or a mansion. It is essential that this work be performed by professionals, so hire a lawyer or conveyancing firm to do it for you.

In most cases, a buyer has six years from the date they discovered a defect to file a claim against you. However, in certain instances, the buyer may only have three years.

  1. Price your home correctly.
  2. Consider your market.
  3. Every surface must be pristine and free of dust.
  4. On the walls, there are no cracks, paint chips, or dimples.
  5. No disorder anywhere.
  6. The floors are spotless and debris-free. Seal a driveway made of asphalt, stamped concrete, or specialty concrete.
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Find A Good Realtor To Sell Your House

How To Sell My House Quickly?

I bet you’re thinking about how to sell my house quickly for cash. If you’re here for that purpose then this blog is for you! Selling a house can be very stressful especially if it is an estate property where there will need to be repairs done before selling such as cleaning out items left behind. 

Selling a house can be driven by a variety of factors. There could be several reasons for this, including a move to a newer property, a job loss, medical expenses, etc. Regardless of your reason for selling it, you should learn how to sell your house fast or what are the possible ways you could get cash offers for your house, as it could take months to sell a house and get the money you need.

Studying the market and staying current on the sector is essential when selling your house. Do some research online to learn more about terms associated with real estate. Moreover, selling on the internet can be very useful. Many real estate agents and potential buyers start their property search online. With these tips, you’ll make that sale in no time.

If you’re looking for the best Realtor that could help you get quick cash offers for your house, we might be the one you’re looking for! Here at Lance Kammes, we buy houses in any condition and we don’t discriminate against age or location. We have been helping sellers just like you sell their homes quickly since 1985 – that means we have the knowledge and experience needed to help fast-track the sale of your home so you can get cash as soon as possible!

Sell your House quicker with the best Realtor in Wheaton, IL! Call Us Today: (630) 868-6300

House Selling is Done Easier With a Realtor

We appreciate all kinds of properties across Wheaton and other real estate areas in Illinois including investment property, short sales & foreclosures, fixer-uppers, etc., which is why our services are very flexible too regardless of how challenging yours may be. We’ll buy almost every type of commercial real estate out there with no problems at all because nothing holds us back.

We buy your house and make the process easy and stress-free for you by giving you cash up front when we close on your home sale. We work with homeowners who are facing foreclosure or cannot sell their own homes due to divorce, bankruptcy, death in the family, relocation, etc. We pay all closing costs at no additional charge to our clients. 

We have formed the best real estate team at Lance Kammes. For a convenient and efficient transaction. Our Team Mission is to provide world-class real estate service by applying our experience, knowledge, and negotiating skills to maximize our clients’ and customers’ profit and satisfaction.

Have any questions for Lance Kammes? Read our FAQ Section.

5 Reasons To Sell Your House With A Realtor

Real estate investors offer many very good reasons for you to consider selling to them. I’ve got some options for you that you may not even have considered before, or knew were possible. 

The following are the top 5 reasons why real estate investors should be considered in house selling:

  1. Real estate investors can close on your house fast, usually in 10 days or less, if you sell it to them. We can provide you with cash for your house quickly without any of the hassle associated with selling it traditionally. Investors are professionals who have experience helping homeowners walk through the process of selling their houses fast. 

Because of their large network of buyers, they can close quickly on your home since they have cash and can buy it fast. This is not the same type of buyer you would get from yourself or a realtor if you were selling your house. The closing process for these types of buyers would take at least 30-60 days, and that would be if they made it through the loan process.

Sell Your House Quicker With The Best Realtor
Consider a Real Estate Investor to Sell Your House Quickly!
  1. Depending on your terms, real estate investors can give you up to the full market value for your house if you are willing to sell the house as-is. You will work with an investor to determine all of your goals for selling your house. 

You can rely on them to meet or exceed all of the home-selling goals you’ve set. The company is a professional home buyer who assists homeowners in solving their real estate problems. Their experience includes buying houses from people just like you in a wide range of situations. 

In addition to these situations, they can also assist you in inherited homes, distressed properties, vacant homes, probate houses, behind on payments, divorce, house liens and judgments, rental property, expired realtor listings, bankruptcy, or just if you are facing foreclosure. A real estate investor can offer many viable options to sell your house fast regardless of its’ house’s condition, location, or situation.

  1. Regardless of the condition of your house, a real estate investor will buy it from you. In other words, you will not have to do any costly repairs to your house. If you list your house with a realtor, they will want you to make all the necessary repairs to the house before they list it. 

Another reason is that many lenders in today’s market won’t lend money to buyers who are buying houses that need major repairs. Second, if you are trying to sell your house yourself, you will still have to possibly change the flooring and paint walls. Today’s market is too competitive for most buyers to want to move into a home and start making repairs. 

Thus, there will be a limited number of buyers interested in your house, but, they will want a large discount.

  1. You will not have to pay anything out of your pocket when you sell your house to a real estate investor. You will find that they work hard for you and with you to get your house sold fast and at no cost to you. They can do this since they get a fee from the buyer they sell the property to, thereby eliminating any costs to you the seller. 

Additionally, real estate investors will make you a net offer on your house. You will receive that net offer at closing. By contrast, if you were to sell your house the traditional way by yourself or through a realtor, you would only net 80-85% of the listing price. 

In today’s market, the buyer will want a discount of at least 5% because the real estate agent will take their 6% commission, then you will have to pay decreasing costs of 2-3%, and then you’ll have to pay the realtor commissions. 

As a result of all those discounts, the buyer will have a property inspection done on your house, and the inspector will return with a long list of possible problems that the buyer will want a discount on. You can expect this discount to be about 3-5%. 

In reality, most sellers are not aware that this is the amount they will receive at closing after waiting this long to sell their house the conventional way.

The Best Option is to Sell to a Real Estate Investor
  1. The goal of a real estate investor is not to list your house, but rather to purchase it as quickly as possible. The house will be marketed to potential buyers at hyper speed when you sell it to a real estate investor. 

I mean, you might put a sign in front of your house, place an ad in the newspaper, or you might even list your house on the MLS for a flat fee if you decide to sell your house yourself. Although these things are good, you will probably only get a small number of people interested in your home, and most of them will be tire kickers. 

In the current market, there are more homes for sale than there are people to buy them all. If you were to list your house with a realtor, they would post a sign in your yard, list it on the MLS, and wait for potential buyers to contact you. Realtors typically do not market your property through other means beyond those mentioned above. 

After you agree to a price and terms, the investor will market your property immediately. They will market your house using all available advertising to get it sold fast plus they have a huge list of buyers who are searching for houses and have the cash to purchase them. 

Therefore, the best option for selling your house fast in today’s market is to sell to a real estate investor.

With the help of a Realtor, the sale process is more efficient. Taking this step will give you the time and security you need to ensure that your family is ready for moving day. 

In addition to providing peace of mind, it protects you during an emotional time when it is easy to overlook small but important factors of the sale. A Realtor must make sure these small details are not overlooked and protect your interests throughout the sale.

If you want to sell your house quickly in Wheaton, IL, and have a great experience with a realtor who’s on their game, we’re here for you. Lance Kammes have been selling homes of all shapes and sizes since the dawn of time (just kidding). 

But seriously, we love what we do and believe that our clients deserve nothing short of the best service possible. That means making sure things like marketing strategies are always up to date so they work better than ever before!

Sell your House quicker with the best Realtor in Wheaton, IL! Call Us Today: (630) 868-6300

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