The Townhouse Buying Checklist: Everything You Need Before You Make an Offer

Drew Trombley

Drew Trombley

— 2 min read
The Townhouse Buying Checklist: Everything You Need Before You Make an Offer
Photo by Simi Iluyomade / Unsplash

Why You Need a Townhouse Buying Checklist

Buying a townhouse is an exciting step, but missing key details could cost you thousands or cause unexpected headaches. Whether you’re a first-time homebuyer or an experienced investor, this comprehensive checklist ensures you cover every crucial step before making an offer.

Use this guide to navigate your purchase smoothly and confidently.

1. Financial Preparation

Before making an offer, ensure your finances are in order.

✅ Check Your Credit Score

  • Aim for 620+ for conventional loans; higher scores get better rates.
  • Fix any errors on your credit report before applying.

✅ Get Pre-Approved for a Mortgage

  • Shop around with different lenders.
  • Secure a pre-approval letter to strengthen your offer.

✅ Determine Your Budget

  • Factor in down payment, closing costs, and HOA fees.
  • Set aside extra funds for unexpected expenses.

2. Research the Townhouse and Community

✅ Inspect the Home’s Condition

  • Roof, HVAC, plumbing, and electrical should be in good shape.
  • Check for signs of water damage or mold.

✅ Review HOA Rules and Fees

  • Understand restrictions on renting, renovations, and pets.
  • Confirm what the HOA covers (landscaping, exterior maintenance, etc.).

✅ Research the Neighborhood

  • Visit at different times of the day.
  • Check crime rates, school districts, and nearby amenities.

3. Making an Offer

✅ Compare Market Prices

  • Look at recent townhouse sales in the area.
  • Use a real estate agent or online tools to assess fair value.

✅ Include Contingencies

  • Inspection Contingency – Protects you if major repairs are needed.
  • Financing Contingency – Ensures you’re not stuck if the loan falls through.
  • Appraisal Contingency – Lets you renegotiate if the appraisal is lower than expected.

4. Closing Process

✅ Final Walkthrough

  • Confirm repairs were made if requested.
  • Test all appliances and utilities.

✅ Review Closing Costs

  • Expect 2-5% of the home price in fees.
  • Includes title insurance, property taxes, and lender fees.

✅ Secure Homeowners Insurance

  • Required by most lenders.
  • Covers damages, theft, and liability.

5. Move-In Checklist

✅ Change Locks & Security Codes

  • Ensure only you have access.

✅ Set Up Utilities

  • Transfer water, electricity, internet, and gas accounts.

✅ Meet Your HOA & Neighbors

  • Understand community guidelines.
  • Build relationships with nearby residents.

Final Thoughts: Be Prepared Before You Buy

A townhouse is a major investment, and preparation is key. Following this checklist will ensure you cover every detail before making an offer, helping you avoid costly mistakes and unexpected surprises.

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