The past two years have led to a major shift in how buyers want and need to live in their homes. Studies show that the main reasons for moving before and during COVID were related to not enough square footage, being located too far from family and friends, or not having enough outdoor space. Regardless of what has shifted, it’s clear that well-designed townhomes can address these issues, especially for first time home buyers who are looking for a slightly lower listing price and easing into the independence of home/yard maintenance. Townhomes can provide excellent options for multiple markets, from rental student apartments all the way to luxury, for-sale product.
Student Rental: Latitude on Hillsborough
Located in Raleigh, NC, these for-rent student housing townhomes are the perfect living space for the independent student. The community includes both apartments and townhomes on the same parcel, which means townhome residents enjoy the benefits of enhanced amenities that are common in today’s new student housing apartment developments. Emphasizing the student in student housing, Latitude features a variety of gathering spaces right outside of the townhomes. The 3-story townhome design features 4 bedrooms, each with their own private bathroom, an attached 2-car garage and in-unit laundry.
Floor plan rendering courtesy of Latitude on Hillsborough Website
Upscale Market Rate: Uptown Kenwood
Located in the historic Kenwood neighborhood just minutes from the heart of downtown St. Petersburg, these for-sale modern townhomes offer luxury living with a variety of floor plans for every lifestyle. Steel awnings and muted colors add unique character to the elevations. Each plan includes a private front entrance, two-car rear load garage and second story balcony. A central courtyard space connects the townhomes to the sparkling pool amenity, lounge areas, outdoor grill, fire pit and dog park. Throughout the 69 total townhomes in the community, sizes range from one to four bedrooms and 1,400 sq. ft. to 2,100 sq. ft.
Luxury: Cody Place
Cody Place is a modern townhome community that fully embraces the stylish, upscale, contemporary sensibility of its Palm Springs locale. In deference to the numerous Mid-Century architectural examples in the area, these homes trend toward a 21st century iteration of modern design. The community offers 102 luxury residential units, each with gracious outdoor living, including ground-level courtyards with splash pools, mews views and green space. A centrally located amenity building offers lap and lounge pools, multiple fire pits and plenty of interior/exterior gathering space. Cody Place also boasts a prime location close to downtown that abuts future retail and the promise of walkable entertainment options.
Opportunity Awaits
We have seen townhomes rise in popularity by providing excellent solutions for a wide range of buyer demographics, from students all the way to Baby Boomers. Recent changes in what buyers expect from new homes has created a great opportunity for builders, and townhomes are no exception. Finding efficient ways to increase square footage, building in desirable locations and working creative outdoor living options into townhome designs will help any new community capitalize on the new needs and wants of tomorrow’s renters and buyers.
These projects were featured in Volume 11 of our inspire magazine. Check it out here!
