What is the Difference between a Condo and a Townhome?

TOWNHOME

• Townhouses can be rented or purchased

• Townhouse is often referred to its architectural style. Often a single-family home with multiple floors

• Often have small backyard and front yard.

• Generally there are HOA fees but usually lower maintenance fees

• Share one or two walls with neighboring unites, but don’t have unites below or above

CONDO

• Condominiums are more like a community. They are built of units within a larger complex.

• Generally, they are smaller than a townhouse

• They can be part of a skyrise of a collection of cottages

• One way to think of it is like an Apartment, but each unit is owned property

• There are often homeowner association fees since there are shared spaces and maintenance..

• Often, condos have other amenities like gyms, pools, clubs etc.