{"id":5032,"date":"2016-04-29T08:53:01","date_gmt":"2016-04-29T08:53:01","guid":{"rendered":"https:\/\/www.movoto.com\/foundation\/?p=5032"},"modified":"2016-04-29T08:53:01","modified_gmt":"2016-04-29T08:53:01","slug":"townhome-vs-condo-which-is-better-for-you","status":"publish","type":"post","link":"https:\/\/www.movoto.com\/blog\/townhome-vs-condo-which-is-better-for-you\/","title":{"rendered":"Townhome vs Condo: Which is Better For You?"},"content":{"rendered":"<p>The\u00a0<a href=\"https:\/\/www.movoto.com\/\">townhome vs condo<\/a>\u00a0argument is an interesting and often contentious discussion with different opinions on each side. The advantages of these two special real estate types really depend on the surrounding environment as well as the internal layout. Here are the basics of the townhome and the condominium so that you can make an informed decision about your next property choice.<\/p>\n<p><em><b>What is a townhome?<\/b><\/em><\/p>\n<p><img decoding=\"async\" style=\"width: 600px;\" title=\"townhome vs condo\" src=\"https:\/\/s3.amazonaws.com\/movoto-foundation\/Foundation+Articles\/2016\/03\/townhome-vs-condo-which-is-better-for-you\/townhome-vs-condo-which-is-better-for-you-1.jpg\" alt=\"townhome vs condo\" \/><\/p>\n<div class=\"Source\"><em>Source: wikimedia.org<\/em><\/div>\n<p>A townhome or townhouse is a non-uniform unit that is meant to be as close to an unattached property as possible. The property is considered a multiunit structure, but the units seem detached as a living space and from the curbside view.<\/p>\n<p>Townhomes are often confused with twin homes, duplexes, and triplexes. Officially, a townhome has one property per lot. A twin home, duplex, or multiplex may have multiple units on a single real property structure. This has many implications for the responsibility of the townhome owner and accounts for much of the limitation in the responsibility of the homeowner&#8217;s association (HOA), a topic that is covered below.<\/p>\n<p><em><b>What is a condo?<\/b><\/em><\/p>\n<p>A condo is\u00a0an individual unit that is attached to a larger real property and apartment complex structure type. The condo is owned by an individual while the connected resources are owned jointly by all homeowners within the structure and managed by an HOA.<\/p>\n<p>The word condo is short for condominium, a real estate property type that is often confused with an apartment and a co-op. These terms are used interchangeably in informal speech; however, they have definite meanings to the real estate professional,\u00a0and the official meaning may affect your buying choice.<\/p>\n<p><em><b>What are the shared advantages of condos and townhomes?<\/b><\/em><\/p>\n<p>The major advantage of condos and townhomes is the feeling of living in an independent structure without the expense of dealing with the outdoor maintenance. Condos and townhomes are usually both managed by an\u00a0HOA\u00a0that handles the maintenance\u00a0of the exterior property\u00a0and the community resources.\u00a0The ownership structure of both the condo and the townhome are independent, meaning that the owner has autonomy and responsibility within the domicile\u00a0even though the larger structure that contains it may be communal property managed by an HOA.<\/p>\n<p><em><b>What are the differences between condos and townhomes?<\/b><\/em><\/p>\n<p><img decoding=\"async\" style=\"width: 600px;\" title=\"townhome vs condo\" src=\"https:\/\/s3.amazonaws.com\/movoto-foundation\/Foundation+Articles\/2016\/03\/townhome-vs-condo-which-is-better-for-you\/townhome-vs-condo-which-is-better-for-you-2.jpg\" alt=\"townhome vs condo\" \/><\/p>\n<div class=\"Source\"><em>Source: staticflickr.com<\/em><\/div>\n<p>Although both types of housing are usually managed by HOAs, townhomes may have more independent autonomy and responsibility. The law requires that <a href=\"https:\/\/www.movoto.com\/foundation\/basics\/buying-with-homeowners-association\/\">condo HOAs<\/a> be responsible for certain common resources; there are many less legal requirements for a townhome. Check with the terms of your townhome to see exactly what the HOA covers and what you are responsible for.<\/p>\n<p>Condo owners should also be careful of where the line of private ownership stops:\u00a0In some condos, attached porches are actually not included in the definition of the private\u00a0domicile. This does reduce the responsibility of the owner for upkeep; however, many HOAs will try to circumvent this responsibility, banking on the ignorance of\u00a0the owners.<\/p>\n<p>Because townhomes usually cover less of the communal resources, their HOA fees are usually lower.<\/p>\n<p>There is also an aesthetic difference between the townhome and the condo. In most cases, the condo more resembles an apartment while the townhome looks like a multilevel home.<\/p>\n<p><em><b>Should I pick a townhome or a condo?<\/b><\/em><\/p>\n<p>The major difference between the townhome and the condo is not the architecture; it is the lifestyle that both structures cultivate.<\/p>\n<p>The pricing between <a href=\"https:\/\/www.movoto.com\/foundation\/tips\/house-hunting-first-time-homebuyers\/\">townhomes and condos<\/a> is fairly similar, with both property types selling for approximately the same range of prices in similar neighborhoods and locations. Any difference in pricing usually comes from the prestige that is associated with the neighborhood rather than the type of layout that a unit has.<\/p>\n<p>However, townhomes tend to appeal more to families, while condos tend to appeal more to young professionals and couples without children. Condos tend to be built in much larger structures, with many complexes containing dozens of floors. These complexes more easily accommodate common areas.\u00a0The horizontal nature of the townhouse tends to limit the amount of units that can be incorporated into a single development. Common areas are also harder to consolidate, meaning that there will be less people in the average townhouse super structure than in the average condo super structure.<\/p>\n<p>Both condo and townhome owners pay property taxes, but only the townhome owner has real property under the domicile. This may be a point of contention for people who actually want to own the land underneath their feet, although it is usually just a cosmetic legal point.<\/p>\n<p>Townhouses usually offer a more private lifestyle. With a condo, you may have neighbors on eight sides of your unit, while a townhouse usually has a max of two. The lower number means less noise, although the thickness of the common walls has a lot to do with this as well.<\/p>\n<p><img decoding=\"async\" style=\"width: 600px;\" title=\"townhome vs condo\" src=\"https:\/\/s3.amazonaws.com\/movoto-foundation\/Foundation+Articles\/2016\/03\/townhome-vs-condo-which-is-better-for-you\/townhome-vs-condo-which-is-better-for-you-3.jpg\" alt=\"townhome vs condo\" \/><\/p>\n<div class=\"Source\"><em>Source: wikimedia.org<\/em><\/div>\n<p>A great deal of your experience in a townhome or a condo will have to do with your HOA. No matter which layout you choose, make sure that you go over the cash flow and the terms of the HOA that will govern the larger area. Do not be afraid to ask for references and talk to current residents in the building.\u00a0No matter how incredible a property you see from the curbside, there are always issues to deal with on the inside. You want the condo or townhouse\u00a0property with the least amount of them.<\/p>\n<h2>2 Point Highlight<\/h2>\n<p>Condos and townhomes are usually both managed by a homeowner&#8217;s association (HOA) that handles the maintenance\u00a0of the exterior property\u00a0and the community resources.<\/p>\n<p>Condo owners should also be careful of where the line of private ownership stops:\u00a0In some condos, attached porches are actually not included in the definition of the private\u00a0domicile.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0townhome vs condo\u00a0argument is an interesting and often contentious discussion with different opinions on each side. The advantages of these two special real estate types really depend on the surrounding environment as well as the internal layout. Here are the basics of the townhome and the condominium so that you can make an informed decision about your next property choice. What is a townhome? Source: wikimedia.org A townhome or townhouse is a non-uniform unit that is meant to be as close to an unattached property as possible. The property is considered a multiunit structure, but the units seem detached as [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5033,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[256],"tags":[],"class_list":["post-5032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-concepts","post--single"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Townhome vs Condo: Which is Better For You?<\/title>\n<meta name=\"description\" content=\"The two major types of independent attached properties, the townhome and the condo, have huge advantages and differences.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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