The benefits of multi-family living

Multi-family homes have been a part of the urban landscape for as long as people have wanted to be a part of city culture. Similar to apartments, the main thing that differentiates multi-family structures like condos and townhomes is that you buy the property as you would a single-family home. That means it’s yours to own and sell. Yet it comes with many of the benefits of living in an apartment.

These types of homes tend to be great options for people looking to downsize, anyone looking for city living, or anyone who just doesn’t have time for the work that can go into a single-family home. Wondering if a condo or townhome is right for you? Consider the following benefits to weigh your options.

Like apartments, condos and townhomes are typically built in dense populations, including both major metropolitan areas and suburban locations. Because they take up less space than single-family homes, these more compact housing options are perfect for tree-lined streets. They are often part of larger planned communities or built within urban centers where shopping and dining are right outside the front door.

That means you’ll find condos in some of the hottest locations. They may be located above commercial properties; they may be close to downtown destinations that are a short walk or bike ride away; and they typically come with convenience to a location that makes them appealing to those who are willing to trade a yard for urban living.

One of the great things about multi-family living is that they share space with other condos and townhomes and therefore, the exterior of the building is cared for through a pooled fund. Upon purchase of the unit, they begin paying association fees, which may be paid monthly, quarterly, or yearly. The owners become members of the association, and together, the association makes decisions about the building or buildings that make up the neighborhood or collection of homes.

The association not only makes decisions and cares for the exteriors, it also manages the shared spaces of the home owners. That often means things like lawn care, trash removal, and exterior upkeep are covered through those fees. These types of homes mean lower-maintenance living and fewer costs than a single-family home. With no lawn to mow or gutters to clean, it means homeowners have more time to enjoy the things they love and not worry about the costs involved in maintaining their homes.

One of the great things about condo or townhomes living is it often comes with attractive amenities. Like apartment complexes, many of these multi-family homes offer things like swimming pools, clubhouses, parks, workout facilities, and jogging trails for residents to enjoy. 

In fact, the upkeep of these amenities is handled within association fees. That means home owners get to enjoy enhanced offerings without paying a high price for them. The association will pay to keep them clean, functioning, and ready for use by its residents. 

Between the low maintenance living condos and townhomes have to offer, their great location, and the amenities available, this style of housing is known for providing these homeowners with a great lifestyle. That lifestyle is one of the major benefits of owning a condo or townhome.

In fact, this style of living tends to create a higher sense of community, bringing with it proximity to activities and events. Because the homeowners have a shared sense of responsibility for upkeep, this community comes together to ensure their units are properly cared for by pooling their resources and efforts. This leads to reduced stress and the ability to enjoy a more carefree way of life.

Cary’s Carpenter Village neighborhood is a popular destination for residents looking to enjoy a neo-traditional community in the heart of one of Wake County’s most popular cities. Carpenter Village has long offered incredible amenities and a traditional community setting with historic home designs and tree-lined streets. Yet its latest addition, Franklin Park Condos from The Jim Allen Group, will bring new opportunities to residents looking to enjoy low-maintenance living in Cary.

Franklin Park has 32 spacious 2301+ square foot condos available and will include luxury amenities like a gourmet kitchen, private parking garage, elevator access, and such common areas as an exercise room and hospitality room. Plus, there will be access to street-level shopping and all the amenities Carpenter Village has to offer.

Townes at Carlton Pointe features a collection of 52 townhomes with upgraded finishes and connected outdoor living. It’s just moments from downtown Rolesville, which is an up and coming community just outside of the Triangle. Rolesville’s Main Street Vision Plan means a walkable, bikeable downtown has a small-town feel with a distinct town center. Townes at Carlton Point puts you close to it all.

Multi-family living offers an unmatched way of life for the residents who want the lifestyle these homes have to offer. If you’re interested in learning more about the life Franklin Park has to offer for Triangle residents, or about Townes at Carlton Pointe in Rolesville, get in touch to see how you can own a home within these unique communities.

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