"Think of a condo as apartment style living that you own instead of rent. You control the space inside your walls, but hallways, lobbies, gyms, and courtyards belong to everyone in the community. Condos are often in dense urban areas or resort style complexes, which makes them perfect if you want amenities at your doorstep and less day to day maintenance."
"What is townhouse living like? A feels more like a single-family home but at a lower price point. You typically get multiple stories, your own entrance, and often a small yard or patio. While you may share one or two walls, you own the structure and often times the land beneath it, which gives you more independence compared to a condo. Key points about townhouses: Owners are responsible for most upkeep including roof and siding."
Condos provide apartment-style ownership with private interiors and shared common areas such as hallways, lobbies, gyms, and courtyards. Condos commonly locate in dense urban or resort-style complexes and provide on-site amenities and lower day-to-day maintenance for owners. Monthly association fees cover exterior maintenance and shared spaces, but fees can be substantial. Townhouses resemble single-family homes with multiple stories, private entrances, and often yards or garages. Townhouse owners typically maintain roofs and siding and may pay lower or no HOA fees, giving more independence and privacy at a higher upfront purchase price. Condos can have lower purchase prices but higher ongoing association costs, while townhouses usually cost more upfront but have smaller ongoing fees.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
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