In simple terms, a condo is a type of collective ownership wherein there is a board that decides on matters like maintenance, bylaws, and so on while a townhouse is a style of building. Still not sure? Let us look at both of them one by one.
Condos:
Condos can be of different styles such as an apartment-style condos, Townhouse-style Condos or single-family homes. They are priced at per square foot. A lot of facilities come with an apartment-type condo such as building insurance, maintenance, snow removal, etc which is covered in condo fees. On the other side, you may restrictions on modification, parking, pets, and so on. If you’re someone for whom convenience is really important then condos are a goof it for you. They are more affordable than a townhouse.
Townhouse:
These are a type of units that are stacked either horizontally or vertically in an area. They seem like an
individual house from the outside. They offer a lot of conveniences as a condo
does but at the same time offers the flexibility of a single-family home. Like,
extra parking, extra storage, own backyard, and lawns. They offer more space
& more flexibility.
Based on your budget & needs you
can select what type of house suits you better between the two. You may want to
consider different types of houses such as semi-detached houses,
detached houses, etc. Did we confuse you? Want more information on what is the
difference between the above two as well, then you may want to follow Save Max blog
as we come up with new content and clear a lot of misconceptions for real
estate buyers and sellers.
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