What to Do Before Purchasing a New Townhome?

1. What to Do Before Purchasing a New Townhome? Affordability is just one of the reasons townhomes in Gloucester County, NJ are so popular. The other is simplicity. Gen X and Millennial buyers are embracing low-maintenance living. Most of them no longer look for a big home with a huge backyard. What they want is a smaller home with enough space that is easier to manage—and at townhome ticks all these boxes. It can be really exciting to purchase a brand-new townhome in Gloucester County, NJ that meets your requirements after all the thorough research you've done. But don't be too quick to close the deal with the seller. Before you make your final decision, do the following things first. Home walkthrough This is important because it allows you to take a closer look at the property. It also lets you get a picture of what it's like to live in it. Take this opportunity to see if the home really meets your needs and matches your taste. For many homebuyers, walkthroughs are crucial make-or-break moments; if they feel something off about the place—no matter how affordable it is—they won’t buy it. Walk or drive around the community It is also vital to get to know your neighborhood, especially if you are a complete stranger in this town. You want to make sure that you are moving into a good community where all your needs are met. The ideal townhome community is close to the city amenities like schools, malls, and parks. Ask about fees, taxes, and all the other expenses Look beyond just the base price of the townhome in Gloucester County, NJ that you want to buy. There are other expenses and hidden charges that the builder, lender, and the government will require you to pay such as insurance, monthly mortgages, origination Fees and HOA fees. You should know all about these and take them into consideration when doing the math.