Townhome vs. SFH - Raleigh

[Shaun Palmer]

Hey BPer's

I have recently been looking to purchase a property or two and am considering buying a townhome vs. a SFH for a long term buy and hold. I am wondering if anyone has any thoughts on this in general (positives and negatives) for either property type.

I have mostly been looking in the western and southern areas of Raleigh but am open to other areas as well.  The Raleigh market has really heated up and properties are not staying on the market long so I am looking for options since they are going so fast and sometimes above market value in my opinion.  Let me know your thoughts.

[Adam Schneider]

@Shaun Palmer If you are going into the TH investment world, remember to check the restrictive covenants of the HOA. Many have restrictions regarding property use, % of rentals (if any) that are allowed. TH's don't tend to swing as much as SFRs in appreciation. Most people who shy away from THs do so because of the downward pressure on the performance metrics caused by the HOA fees. Also, you'll want to do your DD on the solvency of the HOA itself.