City Houses Townhouses are becoming more popular among young people who want to live in cities with more job and population opportunities. Many developers are considering subdividing property and developing townhouses to increase land value. What is a Townhouse A townhouse is a dwelling that usually shares a wall with adjacent townhouses, with common land between the dwellings. These houses are typically 2 to 3 storeys in more modern designs. Townhouses are an affordable solution to the desire for more floor space in high-density locations such as Kusadasi. This trend is a direct response to today’s demographic looking for rental opportunities. Younger generations are looking for homes that have the advantages of both a suburban lifestyle and an inner-city lifestyle. The townhouse brings with it the advantage of owning the land on which it sits, exterior and garden features. You will share common areas and maintenance decisions with the local homeowners association. Homeowners Associations typically charge a monthly fee for community maintenance; they also ensure that property value is maintained by enforcing general aesthetic property standards. These associations can be very beneficial for first homeowners as they can help reduce financial risk and overall liability. Townhouses are also an attractive investment for banks due to the lower financial risk of building a new townhouse. This is because building a new townhouse is less expensive compared to previously built detached homes. In general, townhouses are affordable, high-value properties that offer easy-to-maintain housing solutions in high-density areas. Other residential villas or houses are usually more expensive because they are built on larger plots of land in competitive markets. Are Townhouses a Good Investment? The townhouse is a great investment vehicle due to its high demand among two major buying demographics, young families and retirees. Due to the increasing demand and prices of real estate in Kusadasi, entry into the real estate market can be difficult for young families. Young families are often looking for 2 to 3 bedroom homes in safe, well-known communities. It is much easier and more affordable to achieve this goal when buying a townhouse. Townhouses check all the boxes by providing affordable, good-sized housing for young families. Retirees often want a smaller, easy-to-maintain home after their children grow up and move out. Townhouses with enough room for a guest room, office and master bedroom are perfect for this demographic. They are also small enough to be comfortably maintained in later years of life. Two-Storey Townhouse to Maximize Floor Space Townhouses are becoming increasingly popular due to the trend for two-storey development, which maximizes property value and utility. The increase in living space provides significant value for potential tenants. It also increases street appeal by showcasing the architecture of the property within the neighborhood. Two-story properties are also a good choice in cityscapes as they provide access to better views and more privacy. Designing a two-storey townhouse also allows for potential garden or lawn options to maximize land area. This is a great option for tenants who want a home closer to the traditional white picket fence. Finally, two-story townhouses are a great opportunity when considering land development through subdivision. This is because they offer additional value to the land and more floor space to prospective tenants. Building Townhouses for Rent According to market insights, the average rental prices of units in Kusadasi in the last quarter (summer months) averaged €350 per week with prices ranging from €550 per week for a one bedroom apartment to €1600 per week for a two bedroom apartment. This suggests that investing in newer rental properties can be much more lucrative. This data suggests a better return on investment for townhouses compared to apartments, taking into account the estimated owner-company fees. Townhouse Resale Value Townhouses are valued for both resale and rental capacity, with current estimates suggesting a resale value of €450,000. Given Kusadasi’s current real estate market projections, these estimates bode well for the acquisition and development of townhouses in the Turkish market. The Turkish real estate market continues to be a reliable investment with an average annual 10-year price increase of 40% for houses/apartments. Best Townhouse Builder Townhouses are a modern and affordable way to meet housing demand in high-density real estate markets. Townhouses offer a higher quality of life than apartments, with more space and access to amenities. Townhouses are more spacious than traditional homes.