A condominium and a townhouse are different types of housing structures that are considered by individuals who want to buy or rent a house. Show
 What is a Condominium?A condo is a type of housing unit, specifically an apartment that is part of a large property, which is privately owned by an individual (homeowner) while all the residents of the property jointly own other connecting areas of the property. What is a Townhome?A townhome is a type of house unit where one or two parts of the house, specifically walls, are shared between adjacent houses. This means that the owner owns the interior parts of the house while the exterior parts are shared among other members of the community. Difference between Condo and TownhomeArchitectural Design of Condo and TownhomeCondominium units are known to be available in many architectural designs which increases the variety that individuals are looking forward to buying or rent a house. Condos are known to be available in large high rise or cottages among others. Townhomes follow a strict design which reduces the changes of many architectural designs. Townhouses are commonly designed in rows, which means that tenants usually share walls with their neighbors. Townhomes are commonly available in stories. Home Owners Association Fees for Condo vs. TownhomeThe homeowner’s fees for condominium units are significantly high as compared to the townhouse fees because owners of condo units are required to pay for maintenance of communally owned properties. Condo unit owners are required to pay for the upkeep of exterior facilities which may include pest control, grass lawn maintenance, flower garden maintenance, and trash removal. On the other hand, homeowners’ association fees are relatively lower for townhouse owners because they are required to pay for their upkeep. Some of the maintenance paid by homeowners association include general maintenance and trash removal. Privacy of the Property for Condo and TownhomeCondos offer a significant sense of security but there is shared hallways and reception. Townhomes do not offer shared hallways or reception area and they do not have individuals living above or below them. Maintenance Fees for Condo and TownhomeCondominium units are highly known to have higher monthly expenses when it comes to maintenance fees. This is because the condo owners are required to contribute a significant amount of money which go toward exterior and community space repairs. On the other hand, townhome owners typically pay relative monthly maintenance fees because the home association pays for some of the shared facilities and trash collection. However, it is worth noting that townhouse owners pay relatively higher for exterior and interior maintenance. Home Insurance Charges for Condo and TownhomeIn condominium units, home insurance charges are significantly lower because owners are only required to insure only the interior of their houses. The home insurance rates for townhouses are higher because the homeowners are required to pay for both interior and exterior parts of the house. Size of Condo and TownhomeIt has been recorded that condo units are available in many sizes and a significantly large number of architectural designs. However, condominium units are known to be substantially smaller than townhomes. Townhomes do not feature a significant number of architectural designs but are known to be quite large and often feature multiple stories hence providing spacious rooms for living and storage purposes. Ownership of Condo and TownhomeThe ownership of condominium unit is only restricted to the interior parts of the house. Other parts of the property which include exterior walls, lawn, and communal areas are owned by the homeowners association. The ownership of townhomes usually ranges from interior parts, exteriors sections which include the roof, lawn, and driveway. However, the communal areas like playground and golf areas are owned by the community. Sense of Community in Condo vs. TownhomeCondos usually have a significantly higher sense of community where the members have a community clubhouse, swimming pool, golf course, and similar social amenities. On the other hand, townhouses do not have a sense of community as many of the facilities are privately owned. However, there is a relative sense of community where large facilities such as medical facilities and golf courses are shared. Difference between Condo and TownhomeSummary of Condo vs. Townhome
Loading... Cite What's the difference between a townhome and a condominium?Generally speaking, condominium owners have an individual unit within a larger complex. Townhouse owners, alternatively, may share a wall with their neighbors, but they also own the structure of the home itself and the property's surrounding land.
What are the disadvantages of living in a townhouse?Townhouses are often built as part of gated communities or neighborhoods. Pros of townhouse living include affordability, HOA and shared amenities, and close proximity to neighbors. Cons of townhouse living include less square footage, less freedom about your home's appearance, and less privacy.
Is there a difference between townhouse and townhome?A townhouse (also known as a townhome) refers to a type of architecture. It's a multilevel home that shares walls with other homes on one or both sides. If you own your townhouse, you own the interior, exterior and land on which the home sits.
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Whats the difference between a condominium and a townhome
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