The Challenges of Today’s Townhouse Market


For townhouse buyers, inaccurate—or missing—information often means that they have made a multi-million-dollar investment to buy one kind of home, only to end up owning something quite different. Worse, the new owner may lack the correct information to plan and carry out an appropriate, properly budgeted, and value-enhancing restoration of their townhouse's façade and interior.

Obtaining accurate information about a townhouse's architectural condition and history is often a frustrating process. Real estate brokers, architects, building engineers, and residential consultants are not trained to have a detailed understanding of historical architectural elements, original floorplans, and original construction methods. Nor do they know about the physical changes and renovations that typically have been made to New York townhouses since their initial construction.

For historic townhouse owners, sellers, and buyers, Charles Lockwood & Associates' Townhouse Assessments—like building and engineering reports—are essential to planning a successful renovation or restoration of a property. These architectural and historical assessments not only explain the townhouse's past, they also identify the historical elements that must be preserved—or ones that needed to be replaced—to maximize the property's charm, livability, and value, while creating a comfortable present-day home.

Thus, these assessments are also an important tool in the sale or purchase of a townhouse.

Charles Lockwood and Associates' three Townhouse Assessment services—each of which is more comprehensive than the last—are tailored to fit the specific property and to meet the client's particular objectives and the level of information they require:

•            Townhouse Summary
•            Comprehensive Architectural and Historical Analysis
•            Restoration Strategy and Action Plan

Charles Lockwood & Associates has provided Townhouse Assessments on a wide variety of historic properties, from an 1819 Federal style townhouse in Greenwich Village to an 1895 Renaissance Revival townhouse on the Upper West Side and a 1910 Beaux Arts mansion on the Upper East Side. He has worked extensively in Brooklyn's landmark brownstone neighborhoods. Client references are available upon request.