Is It Cheaper to Own a Townhome Than a Single-Family Home?

Is It Cheaper to Own a Townhome Than a Single-Family Home? - townhome vs single familyNumerically speaking, yes. Realistically? It definitely depends. And we at ICI Homes know prospective customers debating that question need more definitive guidance.

We’ll start by saying the townhome vs single-family home price debate is more nuanced than yes or no. Every customer’s situation is unique, and it’s helpful to consider several major factors from the perspective of both types of new custom Florida homes.

Follow along as we dissect whether it’s cheaper to own a townhome than a single-family home.

Physical distinctions

A townhome is a one- or two-level attached home that shares walls on at least one side.

We build three or four townhomes to a building, which means interior townhomes share walls on each side. Like all our homes, ICI Homes townhomes are built with EQ Factor construction techniques and materials, giving residents peace of mind about peace and quiet.

Townhomes can be comfortable family abodes, or just right for someone buying a first home.

A single-family home is one standalone home on a single homesite. Prioritizing more space can favor a single-family home over a townhome.

Household considerations

We’re asking a lot of questions in this category and the next one to get you thinking. Grab a notepad or your favorite digital notes app and answer the following:

How many people will live in your new custom Florida home? What are their ages?

Children under age 18 still in school? Living with a parent(s) while enrolled in post-secondary education? Toddlers requiring constant supervision around stairs and backyard swimming pools?

Perhaps your present household is multigenerational. If it’s not, is there a real possibility it could be multigenerational in the near future? If so, will it include older family members who might need extra help or private spaces?

Lifestyle considerations

Who needs a separate bathroom? Home office? Craft or activity room?

Is someone or everyone involved in school or amateur sports? Would the three-vehicle garage available with many ICI Homes single-family floor plans be a better solution for sports equipment storage and multiple vehicles?

Seeking a low-maintenance lifestyle where you and yours can lock up and go? Done with yard work and exterior maintenance? ICI Homes’ townhome neighborhoods handle that through contractors hired by your community’s homeowners association (all you do is pay HOA dues).

Price points

ICI Homes has built new custom Florida homes all over the state for 45 years and townhomes are an important part of our portfolio and the perfect choice for many prospective customers.

Our townhome floor plans also come with bonus space and a covered, screened lanai.

At Woodhaven in Port Orange, near Daytona Beach, the 1,562-square-foot, two-bedroom, two-bathroom, two-vehicle-garage Arbor II floor plan is listed starting at $387,900. Our smallest single-family floor plan offered at Woodhaven, the 1,728-square-foot, three-bedroom, two-bathroom, two-vehicle-garage Avery, lists with a starting price from $507,900.

Size, price and design do make a difference. But the choice is always, definitely, yours.

Ready for your new custom Florida home? Talk to us here.