While many young adults are seeking the hustle and bustle that cities offer, there are countless homeowners and prospective homeowners who would love to put roots down in a town. Towns can offer many of the benefits of city life without the high population density, sky-high real estate costs and negative drawbacks. The revival of towns will continue to occur as millennials seek to connect with the communities around them and experience the benefits of home ownership.
There is a renewed interest in living in towns—walking to dinner, browsing shops within walking distance and not needing to hop on a Metro train to find the next activity. Towns are the solution for those who want to live, play and work close by.
Town Charm Properties (TCP) works with towns that were once thriving, established communities but today need additional revitalization.
Our towns have economic sustainability thanks to an industry like manufacturing, healthcare or education, but need an influx of new residents and business owners interested in contributing to town prosperity. TCP seeks to improve multiple properties within every municipality we partner with to both improve the town and leverage our investments, efforts and finances.
What Is a Town?
Towns are independent municipalities that range in population from 1,000-50,000 citizens. Depending on the state government, towns and townships are often more common in commonwealths throughout New England,and where counties have less power. Maryland is known for the strength of itscounty-level governments, so there are less than 200 towns. However,Pennsylvania holds towns at its backbone and boasts over 2,500.
The Decline of Towns
Towns are typically located at the crossroads of a form of transportation, whether it was wagons or boats. In the town, industries appropriate to the natural resources and skills of the area would flourish. Once cars become commonplace, they allowed those living in towns to move more freely throughout the area but also removed the necessity for towns to be small, walkable and compact. The growth of cities left many towns with deteriorating Main Streets while skyscrapers grew elsewhere.
What Does the Future Hold for Towns?
As the downsides of city living become more apparent, many homeowners and millennials are looking to return to a town-like structure. There is a renewed interest in living in towns—walking to dinner, browsing shops within walking distance and not needing to hop on a Metro train to find the next activity. Towns are the solution for those who want to live, play and work close by.
Town Charm Properties targets investment and ownership of real estate assets in small towns and municipalities throughout Maryland, Pennsylvania, Delaware and Virginia. We locate outdated and under-performing properties with tremendous potential for revitalization through renovation and re-positioning in the local marketplace.
While many homeowners continue to migrate to cities, we know that there is a robust segment of the population that wants the benefits of city life without the drawbacks.
Combining data analysis, a thorough analysis of details and proven management expertise, TCP sources appropriate investment opportunities and negotiates reasonable deals. We work with sellers, who have often owned the properties for many years, to address specific concerns while maintaining the highest level of professionalism. Upon signing a Letter of Intent, TCP will investigate existing conditions, develop a renovation plan and budget and research potential risks of executing on the improvements. Immediately upon closing, our team will lead all stakeholders through the design and construction process to deliver the completed project ready for occupancy on time, within budget and while minimizing the potential for hiccups along the way.
In 2017, Town Charm Properties purchased and renovated two office condominiums in Laurel, Maryland that are currently occupied by TCP and its sister company, Real Projectives, LLC. Since putting down our roots in Laurel, we have continued to evaluate and make offers on multiple properties in Laurel, MD, Elizabethtown, PA and elsewhere.
While we are just getting started, we have performed due diligence and overseen investments, renovations and development on thousands of residential units and millions of square feet of office, retail, hotel,restaurant and warehouse deals for other clients for over than 10 years. We are poised and eager to prove our worth to you.
OUR FOUNDER'S STORY
Our founder, Jonathan Williams, has always been fascinated with buildings and towns. He grew up in the early 1990s in a small town of 7,000 people located in south-central Pennsylvania. Like most boys, he explored Elizabethtown, Pennsylvania by climbing trees and playing in the public parks.
However, his interest in buildings and infrastructure was sparked by creating forts, bridges and tree houses from salvaged and new materials, watching construction and renovation projects nearby and even crawling through larger storm sewer pipes to find out where they connected.
He watched the towns grow along with traffic and saw more lights added to intersections and the center square reworked to improve public safety. Living in an apartment in town, he would walk or ride his bicycle to nearby stores to get groceries for his parents or use his allowance to buy some candy and materials to paint model airplanes and Matchbox® cars.
One of the many benefits of living in a small town is that you get to know many people. Johnathan an active Boy Scout, and would volunteer to design and build sets for plays and musicals within the schools and the greater community. He learned carpentry and took pride in working part-time with a local builder to renovate and construct new houses and light commercial properties. After going off to Penn State to study Architectural Engineering, he began to appreciate how valuable the experience of growing up in a small town was.
For over two decades, Mr. Williams has worked on a multitude of renovation and development projects throughout the United States, frequently within urban environments. However, he has never forgotten his roots in small towns. In 2017, he decided to act by moving his company headquarters to Laurel, Maryland. Through Town Charm Properties (TCP), he has embarked on a quest to renovate properties and to revitalize towns.