Leave a Message

Thank you for your message. We will be in touch with you shortly.

Townhouse vs Condo: Which Should You Buy?

October 25, 2020

Real Estate

Townhouse vs Condo: Which Should You Buy?

Whether it’s your first time buying or you just want to purchase something smaller, townhouses and condos are both great options. Check out the differences between the two to help aid you in your search!

Condominiums

Condominiums are similar to apartments in that you purchase an individual unit inside of a larger building, but not the property it sits on. This generally includes access to the building’s amenities, such as the clubhouse, pool, and gym. However, condo owners are not responsible for the upkeep and repair of these common areas. Because of the number of shared spaces, living in a condo often allows for meeting new people and building a strong sense of community. There is a fairly similar vetting process for loan approval as for a full-sized home; however, the lender will also look at the health of the condo association.

Townhouses

Those who purchase a townhome are generally purchasing the complete unit, both inside and out, including the land it sits on. This might also include the driveway, yard, or roof. Traditionally, these units are two- or three-stories tall and may also include common areas like pools and parks. Townhome owners pay a fee to a homeowners association every month and the loan process is the same as buying a full-sized home.

Which is the best choice?

Both townhomes and condos offer less maintenance than a traditional home and generally offer great shared areas. Your decision ultimately comes down to you and your family’s needs and wants. Things you’ll want to take into consideration include location, lifestyle, family growth, and price.

Start Your Home Search Here

Careers

"*" indicates required fields

Drop files here or
Accepted file types: pdf, doc, docx, txt, Max. file size: 10 MB.
    Hidden
    Hidden
    This field is for validation purposes and should be left unchanged.
    Hidden
    Hidden
    Hidden
    Hidden
    Hidden


    Buyer

    How Interest Rate Hikes Are Driving Up Mortgage Payments: What Homebuyers Need to Know

    Thao Dang Pham  |  September 16, 2024

    How Interest Rate Hikes Are Driving Up Mortgage Payments: What Homebuyers Need to Know

    Real Estate Investing

    The Ultimate Guide to Investing in Property That Appreciates Over Time

    Brian Ng  |  September 16, 2024

    The Ultimate Guide to Investing in Property That Appreciates Over Time

    Buyer

    Finding the Perfect Property: Why It’s So Difficult and How Block Change Real Estate Can Help

    Brian Ng  |  September 12, 2024

    Finding the Perfect Property: Why It’s So Difficult and How Block Change Real Estate Can Help

    Real Estate Investing

    How to Avoid Overpaying for a Property: Trustworthy Agents and Transparency in a Hot Market

    Brian Ng  |  September 11, 2024

    How to Avoid Overpaying for a Property: Trustworthy Agents and Transparency in a Hot Market

    Buyer

    Unlocking the Key to Stress-Free Real Estate Transactions: Avoid Losing Your Dream Home to Lengthy Closing Processes

    Thao Dang Pham  |  September 11, 2024

    Unlocking the Key to Stress-Free Real Estate Transactions: Avoid Losing Your Dream Home to Lengthy Closing Processes

    Real Estate

    Overpriced Homes and Bidding Wars in San Jose: Winning Strategies & Avoiding Pitfalls

    Brian Ng  |  September 10, 2024

    Overpriced Homes and Bidding Wars in San Jose: Winning Strategies & Avoiding Pitfalls
    FOLLOW US ON INSTAGRAM