Bay Area Townhouse vs House | Weekly Bay Area Real Estate Tips #14

Bay Area Townhouse vs House | Weekly Bay Area Real Estate Tips #14

Every Tuesday, I go into detail a question I frequently get asked. Are Single Family Homes a better long term investment than Townhomes? Let’s look into it.


A single-family home is an independent residential structure that sits on its own land and is designed to be used as a single dwelling unit, having just one kitchen, unshared walls and unshared utilities. A townhouse is an attached home also owned by its resident. One or more walls are shared with an adjacent attached townhome.


Townhomes typically have an HOA or a Homeowners Association. A homeowner's association is an organization in a subdivision, planned community, or condominium building that makes and enforces rules for the properties and its residents. Some people really hate having this monthly fee but it’s not so bad as most associations would cover the exteriors of your home including paint, landscaping, and your roof. Thus, your insurance premiums tend to be lower. Standard townhomes HOA range between $250-$450 a month but it may vary by location.


Many of the newer Single Family Homes after the 90s also have an HOA but the monthly amount tends to be much lower. They may cover any communal space like swimming pools and shared regular pavement of roads. They also may have specific rules as to overnight parking on the streets so it does keep the streets cleaner and less congested.


So what are the advantages and disadvantages of owning a Single Family? For Single Family homes, you own the land itself so you have a lot more flexibility and options as to what you want to do with it. Whether it’s creating your own hydroponic garden, doing an extension in the future, or even building out an ADU/In law unit, that’s up to the owner. The downside? It’s significantly more expensive to get into a Single Family home when compared to a townhome in that same city, typically a few hundred of thousand more, and there is also more upkeep/repairs that you are responsible for.


So what about townhomes? The advantages are that the price point entering is much lower and you are typically in rates vicinity to a lot of commercial space nearby. Most townhomes these days have three if not four levels which may make it more difficult if you are living with your parents going up and down the flight of stairs. Your HOA dues may increase over the years and that's out of your control.


Now, what’s the better long term investment?

I tracked the returns of Single Family Homes and Townhomes all the way back to 2006 in several cities around the Bay Area. You may actually notice that it’s very comparable in the specific cities that are being measured and in many cases, Townhomes/Condos have out performed Single Family Homes. The more important measurement isn’t whether you should pick between the two asset types but to pick in great locations. The city matters more. For example, if you bought a Townhome in Sunnyvale or Santa Clara in 2006, you would’ve done better than owning a Fremont Single Family home during that time.


https://docs.google.com/spreadsheets/...


I hope this was enlightening! Location matters more than the type so if you are thinking from an investment perspective, be sure to strongly factor that in. The supply of new properties in these areas are very low with little new development given the lack of space.


What do you think? Were you surprised with this result? Leave it in the comments below.


--

If you’re interested in buying, selling, or investing in residential or commercial real estate in the 📍SF Bay Area, contact me today!


📧Spencer@spencerhsu.com

📞 (408) 547-4590

⏰ Set up a time to chat: https://calendly.com/spencerhsure

🌍 Find your dream Bay Area home https://www.homesbyspencerhsu.com/

🎙️ Listen to my podcast: https://redcircle.com/shows/bayarearealestate

📸Follow me on Instagram: https://www.instagram.com/spencerhsure

🧑‍💼 Let's connect on LinkedIn: https://www.linkedin.com/in/spencerhsu

🛎 Don’t forget to subscribe for the latest real estate tips and updates: https://forms.gle/c5xkznHLTBh7Yzgi7

🏠💲 Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMW

--

My Background: Born and raised in the Bay Area, I spent 11 years as Technology Sales Manager before becoming a Realtor. Having personally invested and done renovations through house flips in the Bay Area, I wanted to help busy professionals in the Bay Area tech industry find their dream home by leveraging tech, data and local insights. Our team specializes in creating trusted frameworks of buying, selling, and investing in the Bay Area. In 2022, we are thrilled to share that we have helped 80 clients in the Bay Area with their moves, which positions our team as the Top 1% groups in the country. Looking forward to helping you into your next home and save/earn you more money!

Spencer Hsu, MBA, Realtor

Spencer@SpencerHsu.com

408-547-4590

EXP Realty DRE #02077253

https://www.homesbyspencerhsu.com/

#BayAreaRealEstate

Avsnitt(362)

Hillsborough CA BEST Pros and Cons 2024 | Moving to Hillsborough | Bay Area Real Estate

Hillsborough CA BEST Pros and Cons 2024 | Moving to Hillsborough | Bay Area Real Estate

Discover the Pros and Cons of Living in Hillsborough, California | In this video, we dive deep into the lifestyle, amenities, and challenges of residing in the beautiful town of Hillsborough. From stunning views to potential drawbacks, we'll help you decide if this charming location is the perfect fit for you. Join us as we explore the ins and outs of Hillsborough living!Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area tech industry find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ Facebook: https://www.facebook.com/spencerhsure→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #MovingtoCalifornia

5 Jan 20242min

Why are Bay Area home prices not dropping? | Bay Area Real Estate 2024

Why are Bay Area home prices not dropping? | Bay Area Real Estate 2024

🏠📈 Wondering why home prices in the Bay Area just won't go down? In this video, we dive deep into the factors that are keeping the housing market in this region booming! Join us as we explore the socioeconomic aspects that are keeping these home prices sky-high. Don't forget to hit that like button, share your thoughts in the comments, and subscribe for more insightful content! 🔔👍Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area tech industry find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ Facebook: https://www.facebook.com/spencerhsure→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #MovingtoCalifornia

5 Jan 20246min

San Carlos CA BEST Pros and Cons 2024 | Moving to San Carlos | Bay Area Real Estate

San Carlos CA BEST Pros and Cons 2024 | Moving to San Carlos | Bay Area Real Estate

Welcome to our channel! If you're considering a move to San Carlos, CA, you're in the right place. In this video, we'll dive into the best pros and cons of living in San Carlos in 2024. From its charming neighborhoods and proximity to the vibrant Bay Area to the potential challenges you might face, we've got you covered. Whether you're interested in Bay Area real estate trends or simply looking for insights into life in San Carlos, our video will provide valuable information to help you make an informed decision about your next big move.-Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area tech industry find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ Facebook: https://www.facebook.com/spencerhsure→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #MovingtoCalifornia

5 Jan 20246min

Which Bay Area City Offers New Construction Homes that Match Your Lifestyle? [FIND OUT]

Which Bay Area City Offers New Construction Homes that Match Your Lifestyle? [FIND OUT]

Are you on the hunt for the perfect place to call home in the Bay Area? 🏡 Discover the answer to your housing dreams as we explore the vibrant and diverse cities of the Bay Area, all while showcasing their latest new construction homes. 🌆In this informative video, we'll help you match your lifestyle with the ideal city. Learn about the latest trends in Bay Area real estate, explore your options, and uncover the hidden gems that make each city a special place to live. 🌇-Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area tech industry find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ Facebook: https://www.facebook.com/spencerhsure→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #MovingtoCalifornia

5 Jan 20249min

Milpitas CA BEST Pros and Cons 2024 | Moving to Milpitas California | Bay Area Real Estate

Milpitas CA BEST Pros and Cons 2024 | Moving to Milpitas California | Bay Area Real Estate

🏡✨ Considering a move to Milpitas, California in 2024? Join us for an in-depth exploration of the BEST Pros and Cons as we dissect the unique aspects of living in this vibrant Bay Area city! 🌆 From diverse neighborhoods to local amenities, we've got the inside scoop on what makes Milpitas a potential home for you.🌟 What to expect in this video:1.Neighborhood Showcases: Take a virtual tour through Milpitas' diverse neighborhoods. From modern developments to established communities, we'll highlight the character and charm that each area brings to the city.2.Pros of Living in Milpitas: Discover the fantastic features that make Milpitas an appealing choice for residents. Whether it's top-rated schools, cultural diversity, or convenient commuting options, we'll showcase the positive aspects that may make you fall in love with this Bay Area gem.3.Cons to Consider: No city is without its challenges, and we're here to provide an honest look at the potential drawbacks of living in Milpitas. From traffic considerations to any unique factors, we'll help you weigh the pros and cons.4.Local Amenities and Lifestyle: Dive into the local amenities that enrich the Milpitas lifestyle. Explore shopping districts, recreational spaces, and cultural attractions that contribute to the overall appeal of the city.5.Real Estate Insights: Whether you're a potential homebuyer or investor, gain insights into the current state of the Milpitas real estate market. We'll discuss trends, pricing, and what you need to know before making a real estate decision in this bustling Bay Area city.If you're contemplating a move to Milpitas, this video is your essential guide to making an informed decision. Subscribe and hit the notification bell for more insights into the diverse neighborhoods that make up the Bay Area! 🌟🏠 #MilpitasLiving #BayAreaRealEstate #MovingToCalifornia #ProsAndConsMilpitasSpencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area tech industry find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ Facebook: https://www.facebook.com/spencerhsure→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #MovingtoCalifornia

5 Jan 20247min

New Home Bargains: 6 Expert Tips for Unbeatable Deals on New Construction in 2024

New Home Bargains: 6 Expert Tips for Unbeatable Deals on New Construction in 2024

🏠 Spencer Hsu, your favorite Bay Area realtor, is back with another insightful video! Today, we're diving into six essential real estate tips for getting a fantastic deal on new construction homes. 🏗️ We'll cover everything from hiring a buyer's agent, builder's incentives, choosing the right model, cash incentives, design and upgrade credits, to lot premiums. 💰New construction homes can be a great investment for people looking for newer and less pricey alternatives to conventional housing but, buying them can seem a little tricky at times. This video will breakdown an easy step-by-step method to buy your very first new construction home!Don't miss out on these valuable tips that could save you thousands on your dream home! 🏡 Hit that like button, share your thoughts in the comments, and subscribe to Spencer Hsu for more real estate advice and insights! 🔔👍Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area tech industry find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ Facebook: https://www.facebook.com/spencerhsure→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #MovingtoCalifornia

5 Jan 20244min

Where Do The Bay Area’s Wealthy Choose to Live?!

Where Do The Bay Area’s Wealthy Choose to Live?!

🌟 Curious about the preferred havens of the Bay Area's elite? Join us on an exclusive journey as we unveil "Where Do The Bay Area’s Wealthy Choose to Live?!" 💰🏡 In this insightful video, we explore the luxurious enclaves and coveted neighborhoods that have become the residence of choice for the region's affluent residents.🏠 What you can expect in this exploration:1.Exclusive Neighborhood Tours: Take a virtual stroll through the opulent streets of the Bay Area's most prestigious neighborhoods. From iconic estates to upscale residences, discover the architectural marvels that define luxury living.2.Lifestyle and Amenities: Delve into the lifestyle and amenities that attract the Bay Area's wealthy. Whether it's world-class golf courses, private beach access, or proximity to cultural hotspots, we'll uncover the elements that make these neighborhoods stand out.3.Real Estate Showcase: Get an inside look at some of the most exquisite properties in these elite neighborhoods. From sprawling mansions to modern penthouses, explore the unique real estate offerings that cater to the affluent taste.4.Community Insights: Understand the exclusive community dynamics that foster a sense of belonging among the Bay Area's wealthy. From social events to high-end shopping districts, get a glimpse into the community spirit that defines these neighborhoods.5.Expert Perspectives: Hear from real estate experts and industry insiders as they share their insights on the factors that contribute to the allure of these affluent havens. Gain a deeper understanding of the trends shaping the Bay Area's luxury real estate market.Whether you're an aspiring homeowner, a real estate enthusiast, or simply intrigued by the lifestyles of the wealthy, this video is your passport to discovering the hidden gems where the Bay Area's elite choose to call home. Don't forget to subscribe and hit the notification bell for more exclusive insights into the world of Bay Area real estate! 🌆💎 #BayAreaLuxuryLiving #WealthyNeighborhoods #LuxuryRealEstate #bayareahomes -- Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #siliconvalley

4 Jan 202416min

Personal VIP Messages December 2024

Personal VIP Messages December 2024

Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #siliconvalley

3 Jan 20241min

Populärt inom Business & ekonomi

badfluence
framgangspodden
varvet
rss-borsens-finest
uppgang-och-fall
svd-ledarredaktionen
avanzapodden
rss-svart-marknad
rss-dagen-med-di
rss-kort-lang-analyspodden-fran-di
lastbilspodden
24fragor
borsmorgon
affarsvarlden
kapitalet-en-podd-om-ekonomi
rss-en-rik-historia
dynastin
tabberaset
rikatillsammans-om-privatekonomi-rikedom-i-livet
borslunch-2