Page 11 - The Latest Homebuying Guide
P. 11
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Most prospective homeowners struggle with understanding and
the decision when it comes to choosing a condominium or a
townhome. Firstly, understand that while the comparison is not
apples to oranges, it is not apples to apples either. Think of it as
comparing watermelons to cantalopes. There are distinct
differences but they are also similar in some respects. Here are the
main typical differences and similarities:
Features Condominium Townhouse
Refers to type of
Classification Refers to type of structure
ownership
Typically a row of houses
Can be apartments and or
Structure townhouses. Not specific with your own outside
to structure type door, multiple floors, a
shared roof and side wall
Your unit, a percentage of
What you own the structure, land and You own the structure and
the land of your unit
amenities
Shares the use of ground Shares the use of ground
What you share
and amenities and amenities
Manages fees, common Manages fees, building,
Home owners association
areas including roofs and common areas, and
(HOA)
amenities amenities
Less than townhouses & More than condos, less
Cost
single family homes than single family units
Privacy Less than single family Less than single family
Space Less than single family Less than single family
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