Why Should I Buy an Attached Home in Colorado Springs?

Attached homes include townhomes, condos, paired homes, and single family attached homes. Outside the U.S., the term “semi-detached” is used to describe a house that shares just one wall with a neighbor.

Attached homes do not always have an HOA! Semi-detached homes, paired homes, and single family attached homes don’t need to form an HOA the way townhomes and condos do. While sharing one party wall with a neighbor, each individual home includes its own private fenced yard and driveway. With no common parking or lawn area to maintain, an HOA is not necessary.

You might consider an attached home purchase for lots of reasons.

Attached homes can offer these benefits:

1. Better Purchase Price

• Cost: Attached homes generally cost less per square foot than comparable single-family detached homes. This makes them more obtainable in high-demand areas where real estate prices are elevated.
• Access to Better Locations: Selecting an attached home can open up desirable neighborhoods or urban areas that might otherwise be out of reach.

2. Energy Efficiency

• Shared Walls: The shared common wall between attached units maintains a more stable indoor temperature and reduces heating and cooling costs. You’ll especially appreciate this benefit at times of year with extreme temperatures.
• Lower Utility Bills: Sharing the party wall lowers your utility bill compared to a detached home with more exterior walls exposed to the elements.

3. Location

• Urban and Suburban Proximity: You’ll find attached homes in urban or suburban settings where land is at a premium. This means you’re closer to work, entertainment, and other conveniences.
• Public Transportation: Attached home communities are often near public transit options, making it easier to commute and reducing reliance on personal vehicles.
• Walkability: These homes commonly are in walkable neighborhoods with nearby shopping, dining, and recreational opportunities, enhancing your quality of life.

4. Less Yard Work

• Low-Maintenance Living: With less yard space, you spend less time and money on lawn care and maintenance. Reducing the time and effort needed for yard care and other outdoor maintenance tasks, you are free to spend more time on career, hobbies, family time, and enjoying the many perks of the amazing community you choose to live in.

5. Potential for Lower Property Taxes

• Tax Benefits: While property tax assessments vary by location, the smaller lot sizes of attached homes can result in lower property taxes than single-family homes, which improves the overall cost of ownership.

For these reasons, an attached home is a great choice for those looking for a balance of affordability, convenience, and community.

With attached homes, you may not want to have band practice at your place out of respect for your neighbor. But other than that, it’s not much different from a single family home – and in many ways better! See our new construction attached home listings in excellent infill locations!