What is a Townhome?

A townhome is a single-family home which may be attached to other single-family homes on one or both sides.

A townhome is not a condominium. Condominium home sales involve split ownership of the structure and land between the seller and buyer, whereas the purchase of a townhome is a fee simple transaction. This means that the buyer completely owns the house and the property on which it is located—mirroring the purchase of any other single-family home.

Advantages of a Townhome

• Less maintenance – the HOA is responsible for Common Area and front lawn maintenance
• Homeowners association (HOA) – protect your property values by actively participating in the HOA and get a stronger sense of community through HOA functions
• Lower homeowners insurance premiums – rates can be up to 10% lower than a single home of equivalent value
• Amenities – residents can expect to enjoy the exclusive neighorhood playground & park, landscaped entrance and common areas
• Common area - developer will transfer several acres of common area property to the HOA upon completion of the development, at which time the association can elect to further develop any unused areas if so desired
• Get more for your money – townhome architecture inherently allows buyers to get more value for their money, as any single home of equal content would cost far more to construct than its townhome equivalent

Other Advantages

Decatur is growing up and coming into its own. About three years ago, the City made a big leap toward that end by adopting ordinances and design standards that emulate nearby cities which surround the metroplex.

The Villages at Greathouse Estates will be the first residential development in Decatur that will be held completely to the City of Decatur’s new design standards. As a result, Greathouse residents will enjoy sidewalks and landscaping not required in earlier developments. Likewise, residents will not have to worry about occurrences such as premature street deterioration as has been commonplace in other recent developments, as our streets will be built to meet or exceed the standards the city has put into place.

Development Specifics

Each townhome is located on a 33 ft wide x 105 ft deep lot. Of this depth, each owner will have a 25 ft deep front yard and a 20 ft deep back yard. As a standard, an automatic sprinkler system is included with each front yard. Each back yard is enclosed with a privacy fence and access gate.

Due to the slope of the development’s property, townhome foundations are stepped such that any given townhome is approximately 18” lower than its neighbor to the east. In addition, the development will have a number of retaining walls adding to the development’s strikingly attractive appearance. To further add to the development’s character, each townhome will utilize a different rock or brick face than the home on either side. This will give each home is own unique and varied look.

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