Townhouse or Condo: Which is Better?

The confusion comes because a town house, which is simply a multi-story, attached residence, can be owned one of two ways — either with or without the lot.  If the developer includes the town house's lot in the sale, ownership is "freehold" or "fee simple," just like most single-family detached homes.  If the lot isn't included in the sale, the town-house development is considered either a condominium — where owners own everything up to party (or shared) walls individually, but share ownership of the land and common elements like pools and swimming pools with other neighbors — or a co-op, where individuals receive a fractional stake in buildings, land and common elements that are owned and controlled by an association.

Other factors, like finishes, location and demographics, muddy the comparison, too.

There are many factors that go in to determining which is better, a townhouse or condo, too numerous to cover them all here.  But if you're considering one or the other and have questions you'd like answered, we'd be happy to answer them for you.  Just use the comment link below and leave us your question.  We'll get back to you with answers.  Your privacy is protected, as email addresses are NEVER published here, although you need to enter one to comment.  We look forward to hearing from you.

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