Is it a Condo or a Townhome?
Many people believe that condominiums and townhomes are the same thing. In reality, at least in the United States, this is not the truth. There are several differences between condominiums and townhomes, and it is important that you understand these differences before making a house purchase. You will find that both condos and townhomes provide different standards of living.
First of all, a townhome is very much like a single-family house, it is just attached to others. If you own a townhome, you own the actual building and the land surrounding it. There also is no association involved with townhome ownership, and there will be no monthly association dues. Owning a townhome, again, is very similar to simply owning a single-family home in a row style.
Condominiums on the other hand often have amenities attached to the condominium communities such as pools, gyms, community centers, offices, tennis courts, and more. There are also monthly dues that come along with owning a condominium, and a condominium association that votes on different community issues. Landscaping is also taken care of when you purchase the condominium; if you own a townhome you will be responsible for the maintenance of the land on your own.
If you would like to learn more about what it is like to live and own a condominium, make sure to get in contact with us here at Condo Company today. We can help you get the information you need in order to make a dedicated and informed effort when it comes to becoming a condominium owner.