Looking for Townhomes for Sale in Albuquerque?
When it comes to the Albuquerque housing market, the city has something for just about everyone — apartments, condos, detached homes and of course townhomes. Finding townhomes for sale in Albuquerque can be tricky, but we’ve made it easier by creating a custom search link. This link updates in real time to display all current townhome listings in Albuquerque. You can even sort by price, square footage, features, loan type and more. If you’re on the hunt for Albuquerque townhomes, head on over to our custom search link to check out current listings.
What you need to know about townhomes for sale in Albuquerque
Owning an Albuquerque Townhome presents a unique set of challenges. As a real estate authority in Albuquerque for more than 30 years, we’d like to share with you some of those complexities to help you make a better-informed decision as a buyer.
First, more about townhomes
A townhome is typically understood to be a certain type of residence. In some locations, the definition can be broad. But, in Albuquerque, typically the term “townhome” will refer to a tenant-owned home that shares at least one wall with another unit. Backyards in Albuquerque townhomes are typically private but some may have common spaces instead.
Nationwide insurance defines a townhome similarly.
A townhome is defined as conjoined units that are owned by individual tenants. They are architecturally similar to row houses in that owners usually share at least one or more walls.
In some cases, townhomes in Albuquerque will share a section of roof as well.
Townhomes can take a number of setups, however, so it’s best to confirm the details of any listing you become interested in with one of our buyer’s agents. They can speak with you anytime and are available instantly and under no obligation. To be connected to one of our qualified agents, call 505-750-7627.
Find out about the HOA
If you are thinking about buying a townhome as a first-time home owner, you may not be familiar with the concept of a homeowners association (HOA). Townhomes in a community governed by an HOA are quite common. An HOA can dictate the exterior aesthetics of your home and usually makes decisions regarding common spaces in the community. Also, there is almost always an associted monthyl “HOA Fee” that is charged of tenants every month.
Think about privacy
Townhomes are great — they’re economical, practical and build community among neighbors. However, some of their benefits can occasionally be downfalls. If you’re hunting for townhomes for sale in Albuquerque, you’ll want to keep privacy in the forefront of your mind.
Some units will share only one wall while other will share two or more. This can allow for some noise to travel between units. When you are touring homes with your qualified buyer’s agent, listen for noise from other units to determine how soundproof the home is.
You know the privacy level you expect from a home so you’re the best judge of character. However, don’t be unrealistic with you needs. Our team can help you find the perfect townhome in Albuquerque without having to settle.
Don’t assume anything about insurnace or mortgage
Insurnace and mortgage lending for townhomes can vary significantly from a standard, detached residential home. Even if you’ve bought a home before, you should not assume that buying a townhome will be similar. To protect yourself and your finances, you shouldn’t attempt to purchase a townhome with the help of a local realtor.
Think about the CC&Rs
CC&Rs is the common term for what is called “Covenants, conditions and restrictions.” CC&Rs are guidelines for the tenants of a townhome community. While some guidelines are set by the HOA, the CC&Rs can be more far-reaching. Basically, and provision can be made in the CC&R document for a townhome at the discretion of the leadership of the community.
Common provisions include guidelines for having pets in the home, parking utility vehciles temporarily, contracting construction projects, maintenance and more.
We Can Help you Find Townhomes for Sale in Albuquerque
We have been in the Albuquerque real estate business for over 30 years now. Our team is filled with qualified buyer’s agents ready to help you in your search for the perfect home. We’re not a franchise and we are local to Albuquerque. Nobody knows this place better than we do.
Check out the current townhome listings below or give us a call for personalized help finding a home. You can also search for homes in our app. It’s better and more up-to-date than those “other” home search sites because we are local to Albuquerque. Sign up now.