Charlottesville Luxury Townhouses For Sale
The drive to live an opulent lifestyle and attain higher status has led to an increase in the demand for more Charlottesville luxury townhouses. If you are in the market for a Charlottesville luxury townhome for your family in Albemarle County or Charlottesville please consider working with me, Toby Beavers Charlottesville luxury realtor. Single-family Charlottesville luxury homes are almost twice as expensive, whereas a Charlottesville luxury townhouse may get you into one of your ideal neighborhoods (think C&O Row, Ednam, Ednam Village, Kenridge, Old Trail, Out of Bounds, and Ridgecrest) at a much lower cost.
Most of our newer luxury Charlottesville townhouses are multilevel residences that share a common wall with at least one other home in a row of houses but not ceilings or floors. Luxury townhouses are usually located in or near downtown Charlottesville as this supports the lifestyle of urban and elite homeowners. They combine elegant design and convenience without the cost and concerns that come with single-family homes. Today’s modern Charlottesville luxury townhouses are less formal and come with high-class finishes and greater useful square footage.
Is a Charlottesville Luxury Townhouse Right for You?
Weighing the benefits of owning a luxury townhouse against that of a luxury condo or a single-family home will help you decide if a luxury townhouse is right for you. Here are a few things to consider –
• Most Charlottesville luxury townhouses are either close to the Charlottesville Historic Downtown Mall, or the best golf courses in Albemarle County (Birdwood, Farmington, Old Trail).
• Compared to both Charlottesville luxury condos and single-family homes in the same area, luxury townhouses are more affordable.
• Charlottesville luxury townhouses offer great value for money as one gets more space than condos at almost for the same price.
• Townhouse owners also pay less property tax due to smaller lot sizes.
• You will have a private yard all to yourself, giving you that indoor-outdoor family living space for socializing and recreation.
• Getting a mortgage for a townhouse is much easier than a condo or a single-family home.
• HOA fees for Charlottesville luxury condos are less as Charlottesville townhouse owners are responsible for their exteriors and outdoor areas.
• Townhouse owners need to abide by the rules set by the HOA.
• More independence than a condo means you will be taking on more responsibility for your townhouse.
• Accessibility can be an issue as some townhouses maximize vertical space rather than one-floor living.
How to Buy a Charlottesville Luxury Townhouse?
The process of buying a luxury Charlottesville townhouse is like that of a single-family home as you own the land beneath the townhouse and not just the interior of the townhouse. You also need to consider the HOA fee in your monthly budget to determine if you can afford it. Overall, to buy a townhouse, you will go through the same steps as a detached house – putting a down payment, comparing lenders, getting preapproval, and then shopping for a new luxury home.
Before you go looking at luxury Charlottesville townhouses, familiarize yourself with available luxury townhouses in your desired locations (ask me) and their prices. The best way to secure a renovated luxury townhouse you like is to hire a Charlottesville luxury realtor who can notify you when appropriate properties come into the market.
Another option is to purchase pre-construction townhouses. These are usually sold at the ‘buying phase,’ and you can choose the exterior and the interior finishes to match your lifestyle. You can customize anything in the house and perform upgrades at the construction phase at affordable prices.
Buying a Charlottesville Luxury Townhouse
Since 02/01/2015 (5 years ago) there was a total of 59 Charlottesville luxury townhouses sold. The high was $1m and the low was $703,000. These 59 luxury Charlottesville townhouses were in only four subdivisions.
The top luxury Charlottesville townhouse developments were Out of Bounds (just outside the city limits near Barracks Road Shopping Center, White Gables adjoining Farmington Country Club and across the street from Birdwood Golf Course, and Kenridge also located next to both Farmington and Birdwood.
Extravagant additions and state-of-art amenities are becoming common in the Charlottesville luxury real estate market, giving tough competition to even our local Five Star resorts like Keswick Hall and the Boar’s Head Inn. But many homebuyers cannot afford luxury Charlottesville homes, on the other hand, a Charlottesville luxury townhouse is the perfect middle ground between a single-family home and a condo. Townhouses are multi-floor homes that share walls with adjacent properties and have a separate entrance.
Most people believe townhouses to be narrow homes with floors stacked upon each other. But our newer Charlottesville’s luxury townhouses have high ceilings, an open floor plan, luxurious interiors, and several modern amenities, including a rooftop terrace, Jacuzzi, and even outdoor kitchen. If you are in the market for something as low maintenance as a condo but with a single-family home feel, a luxury Charlottesville townhouse would be just right for you, not to mention budget-friendly as well. Here are some tips to make buying a luxury town home for you and your family a little simpler –
Know What You Want Before You Start Looking
The newest Charlottesville luxury townhomes come with many luxurious amenities and features to enjoy a comfortable and cosmopolitan lifestyle. But, you might not need all of them. You and your family need to ascertain features important to you, allowing you to keep your search focused on luxury townhouses with those inclusions. You also need to consider what you would like in the community, such as a less restrictive HOA, a security gate at the entrance, a community pool, round the clock security, and other common areas and amenities.
Check What Lies Behind the Luxury Photos & Videos
Serious Charlottesville home buyers need to look beyond the digital photos, videos, and brochures of the luxury townhomes. Modern editing software can easily make homes look much better than they actually are. Sometimes, the house may even look much better in person than they do in the photos. The best way to comprehensively assess the luxury townhouse and get the ‘real’ feel is to visit it in person. When you visit in person, you can envision firsthand how life would be living there and provide you the clarity you need to make an informed decision.
Work with a Charlottesville Luxury Realtor You Can Trust
Many luxury townhouse sellers will not want their homes listed publicly in the CAAR MLS or on Zillow, Trulia, and Realtor.com. So, chances are you won’t find a complete list of all the highest-end luxury townhomes online. Hiring a Charlottesville luxury real estate agent will allow you to get access to private or pocket listings that are well within your price range. Luxury town home sellers will be willing to show their townhomes to only qualified buyers to avoid wandering eyes. Your agent can help you get on that list and narrow down the search process by showcasing you the property as per your specific requirements and budget.
Get a Thorough Home Inspection
Even if the luxury townhouse has all the amenities you want, you need to ensure it is built on a strong foundation (unless it is brand new). Home inspections for luxury townhomes are as time-consuming as any other luxury home inspection. Hiring a luxury home inspector specializing in high-end homes will allow for a detailed investigation to ensure the townhouse’s structural integrity, all electronics and appliances are functional, and there are no potential safety hazards.
If you are in the market to purchase your own slice of heaven, you need to do your homework and be prepared. Purchasing a Charlottesville luxury townhome comes with some challenges compared to an average-townhome purchase. There are many factors to consider, but the tips discussed above should give you a head start to navigate through the luxury townhomes market easily.
So, if you are in the market for a fabulous Charlottesville luxury townhouse then we’ll look at Ednam, Kenridge, Out of Bounds, and White Gables. There will be new Charlottesville townhouse development, but it’s a matter of time and finding the land.
But never, ever purchase a Charlottesville luxury townhouse without using a realtor. We get you more upgrades! Thanks for reading, Toby Beavers Realtor