There are so many decisions you have to make when buying a home. You’ll need to consider many factors when you decide to buy a home. The most important is what kind home you would like to live in. You’ll likely be faced with the debate between condos and townhouses if you don’t want a single-family detached home. There are many similarities and differences between them, as well as some key differences. It is up to you to weigh the pros and cons of each, and then balance that against the other decisions you have made about your dream home. Here are some places to start.
The basics of condo vs. townhouse
A condominium is similar in concept to an apartment. It’s a unit that lives in a building or group of buildings. A condo is not rented out from a landlord, but it is owned by the resident.
A townhouse is an attached house that the resident also owns. A townhouse is an attached home that shares one or more walls with a neighboring townhome. You will get a lot more privacy in a rowhouse than you would in an apartment.
Condos and townhouses are available in both urban and rural areas. Each can have one or multiple stories. The biggest difference between the two comes down to ownership and fees–what you own, and how much you pay for it, are at the heart of the condo vs. townhouse distinction, and often end up being key factors when making a decision about which one is a right fit.
This post was written by a real estate expert from the Dotoli group. Josh Dotoli is Paramount Residences #1 Selling Realtor with nine sales in 2021, 3x more sales than any other Realtor selling in the building. The Paramount Residences enjoys a prime beach area location. It is a Ft. Lauderdale oceanfront condo located across from the beach.