{"id":14753,"date":"2019-01-18T14:54:53","date_gmt":"2019-01-18T14:54:53","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=14753"},"modified":"2019-01-18T14:54:54","modified_gmt":"2019-01-18T14:54:54","slug":"town-homes-to-win-over-young-buyers","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/town-homes-to-win-over-young-buyers\/","title":{"rendered":"Town homes to Win Over Young Buyers"},"content":{"rendered":"

Town homes to Win Over Young Buyers<\/h2>\n
\"Town<\/a>

Town homes to Win Over Young Buyers<\/p><\/div>\n

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Builders across the country are betting on luxury town homes to try to get more young adults into home ownership. Open floor plans, high ceilings, and upgraded amenities are features they hope will lure millennials to buy their first home.<\/p>\n

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\u201cWhen a lot of people think of townhouses, they think of these very narrow homes because the floors are stacked on top of one another,\u201d Felix Bravo, a sales executive with Pordes Residential in Miami, told Forbes.com. He is selling town homes up to 3,000 square feet starting at $900,000. \u201cWith the amount of space we have, they have a very open feel.\u201d The amenities include a private rooftop terrace with a jacuzzi and outdoor kitchen.<\/p>\n

\u201cThe wow factor is how much space they have and how luxurious the interior is in terms of appliances, cabinetry, and the kitchen island,\u201d says Bravo. \u201cThe second biggest wow factor is being able to go up to your own private rooftop and hop into your private jacuzzi. It makes you feel like you\u2019re worth a million bucks.\u201d<\/p>\n

Builders hope that such luxurious\u00a0 town homes will attract more young adults to consider buying one.<\/p>\n

\u201cThere are plenty of examples of townhouses being built as luxury homes,\u201d Robert Dietz, chief economist for the National Association of Home Builders, told Forbes.com. \u201cYou\u2019ve got your four-story townhouses, particularly in high-cost metro areas.\u201d<\/p>\n

A town home can offer a \u201csuburban-type feel\u201d while also adding in some walkability to a neighborhood\u2014two features that millennials say they desire in a home, Dietz says. Single-family attached townhouses provide a higher density and, therefore, more opportunities for retail and commercial around it that is walkable, Dietz says.<\/p>\n

Since 2009, new town home construction has been increasing. Townhouse starts were 24 percent higher in the third quarter of 2018 than the previous four quarters, according to NAHB data. The market share of townhouses is currently at about 14 percent of single-family home construction, which marks a post-recession high.<\/p>\n

Dietz predicts over the next five years that the town home market share will continue to rise and reach about 20 percent.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\u201cBuilders Betting Big on Luxury Townhomes as Millennials Eye Homeownership<\/a>,\u201d Forbes.com (Jan. 13, 2019)<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Town homes to Win Over Young Buyers Builders across the country are betting on luxury town homes to try to get more young adults into home ownership. Open floor plans, high ceilings, and upgraded amenities are features they hope will lure millennials to buy their first home. \u201cWhen a lot of people think of townhouses, … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-14753","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nTown homes to Win Over Young Buyers - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/town-homes-to-win-over-young-buyers\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/town-homes-to-win-over-young-buyers\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/town-homes-to-win-over-young-buyers\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Town homes to Win Over Young Buyers\",\"datePublished\":\"2019-01-18T14:54:53+00:00\",\"dateModified\":\"2019-01-18T14:54:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/town-homes-to-win-over-young-buyers\\\/\"},\"wordCount\":387,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/town-homes-to-win-over-young-buyers\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2019\\\/01\\\/01182019.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/town-homes-to-win-over-young-buyers\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/town-homes-to-win-over-young-buyers\\\/\",\"name\":\"Town homes to Win Over Young Buyers - 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