The Town House, or Town Home, began its existence within
towns or in the big cities. It typically offered the owner more dedicated
outdoor space, while incorporating many of the efficiencies of other more dense
multifamily properties. Unlike Condominiums, the owner typically owns the real
estate below the property; it is a multifamily property and shares some of the
benefits of other multifamily properties. One might say that in the bundle of
property rights, it is sandwiched between the single family residence and the
Condominium or Cooperative. Today, Town
House forms of ownership are not just found in the center city, but also
further out into the suburbs. Appraising Town Homes should and is best
performed by appraisers with a thorough knowledge of the Town House concept.
With our network of qualified residential appraisers, our
firm prepares Town House appraisals anywhere in the United States.