Single Home
A townhouse or single family home is better in terms of resale value?
A townhouse or single family home is better in terms of value resale? With the budget we have, we can buy a decent townhouse or home single-family fixer-upper in the suburbs of Schaumburg, IL. With a baby and we both work, not much time to remodel the place. So we will end up living in a house with wallpaper, old bathroom and kitchen obsolete. That would be a better choice in terms of value resale in another 5-6 yrs ..?
For resale, I would say-fixer upper. You will have to make plans to work on the renovation or save money to pay to have the work performed. Wallpaper can be changed in a day. We destroy our bathroom, relocated the things and start over, about 3 weeks. A kitchen may take 2 months to rehabilitate. Place of sloppy joe crockpot on and invite your friends handy to help speed up this thing together. For some buyers, townhouse is one one step from an apartment, with walls and such.
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