What Is The Difference Between A Condo And A Town Home

Dated: 09/22/2016

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What's the difference between a townhouse and a condo? Finding an affordable home is challenging in many areas, so it's always a good idea to look at homes of different sizes and in different locations as well as various types-including townhomes and condominiums. The difference between a townhouse and a condo (of any size) is in the form of ownership. In a condominium, the homeowners own the inside of their home-but the exterior, the land and the common areas are owned by an association. Whether you prefer a townhouse or a two story condo, you should compare the entire cost of buying, including association fees and insurance premiums , before you decide which is best for you.

Resource: Michele Lerner Realtor.com

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Cindy Locke

I have been a full time professional Realtor for 10 years and have lived in the beautiful Fredericksburg area for 25. Witnessing first hand our rapid growth and evolving real estate market. Our area....

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