WHAT IS THE DIFFERENCE BETWEEN A CONDOMINIUM AND A TOWNHOUSE?
There are so many decisions you have to make when buying a home. From location to price to whether or not a horribly outdated kitchen is a dealbreaker, you’ll be forced to consider a lot of factors on your path to homeownership. One of the most important ones: what type of home do you want to live in? If you’re not interested in a detached single family home, you’re likely going to find yourself facing the condo vs. townhouse debate. There are quite a few similarities between the two, and quite a few differences as well. Deciding which one is best for you is a matter of weighing the pros and cons of each and balancing that with the rest of the decisions you’ve made about your ideal home. Here’s where to start.
Condo vs. townhouse: the basics
A condominium is similar to an apartment in that it’s an individual unit residing in a building or community of buildings. But unlike an apartment, a condo is owned by its resident, not rented from a landlord.
A townhouse is an attached home also owned by its resident. One or more walls are shared with an adjacent attached townhome. Think rowhouse instead of apartment, and expect a little bit more privacy than you would get in a condo.
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