Owning a townhouse means you’re in charge of all the upkeep, both inside and outside. This responsibility requires setting aside funds for yearly maintenance, usually falling between $2,000 and $5,000.
Regular upkeep tasks for a townhouse include roof inspections every three to five years, tending to the yard monthly, and repainting the exterior every five to seven years. Don’t forget about HVAC maintenance; it’s wise to schedule this biannually, with costs typically ranging from $150 to $300 per visit. Depending on how many trees are around, you might need to clean gutters two to four times a year.
Other tasks to keep an eye on include pressure washing the exterior every one to two years, maintaining and possibly replacing windows, and scheduling pest control, which can set you back around $300 to $600 annually.
If your townhouse features a lawn, you’ll need to consider the costs of either buying lawn care equipment or hiring services, which can add up to anywhere from $500 to $2,000 each year. In regions that get snow, you’ll also need to consider the expense of snow removal, which varies widely by location. It’s also wise to plan for foundation maintenance every five to ten years, accounting for the property’s age and condition.
While owning a townhouse gives you more say over its upkeep, it’s crucial to weigh the extra time and money involved against the potential alternative of a condo.
