Dream Lands Design
  • Home Improvement
    • DIY
    • Remodeling
    • Woodworking
    • Accessories
    • Home Design
      • Furniture
      • Organize
      • Tips
      • Decor
        • Interior
        • Exterior
  • Design Ideas
    • Bathroom
    • Bedroom
    • Dining Room
    • Living Room
    • Kitchen
  • Gardening
    • Backyard
    • Front Yard
    • Landscaping
  • Home Improvement
    • DIY
    • Remodeling
    • Woodworking
    • Accessories
    • Home Design
      • Furniture
      • Organize
      • Tips
      • Decor
        • Interior
        • Exterior
  • Design Ideas
    • Bathroom
    • Bedroom
    • Dining Room
    • Living Room
    • Kitchen
  • Gardening
    • Backyard
    • Front Yard
    • Landscaping

Categories

  • Accessories
  • Backyard
  • Bathroom
  • Beauty
  • Bedroom
  • Cars
  • Decor
  • Design Ideas
  • Dining Room
  • DIY
  • Entertaining
  • Exterior
  • Finance
  • Front Yard
  • Furniture
  • Gardening
  • Green Living
  • Home Design
  • Home Improvement
  • Interior
  • Kitchen
  • Landscaping
  • Lifestyle
  • Living
  • Living Room
  • Organize
  • Photography
  • Real Estate
  • Remodeling
  • Tips
  • Uncategorized
  • Wall Improvement
  • Woodworking

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • Privacy Policy
  • Terms of Use
  • Disclosure
  • Sitemap
  • Contact Us
29K
98K
0
Dream Lands Design
  • Home Improvement
    • DIY
    • Remodeling
    • Woodworking
    • Accessories
    • Home Design
      • Furniture
      • Organize
      • Tips
      • Decor
        • Interior
        • Exterior
  • Design Ideas
    • Bathroom
    • Bedroom
    • Dining Room
    • Living Room
    • Kitchen
  • Gardening
    • Backyard
    • Front Yard
    • Landscaping
featured image - 4 Main Differences Between a Townhouse vs a Condo
You're here: Home Real Estate 4 Main Differences Between a Townhouse vs a Condo

4 Main Differences Between a Townhouse vs a Condo

  • Perla Irish
  • October 29, 2020
Total
2
Shares
0
0
2
0
0
Table of Contents Hide
  1. 1. Physical Structure and Space
  2. 2. Cost
  3. 3. Resale or Investment Value
  4. 4. Freedom and Ownership
  5. Townhouse vs Condo: Which Is Right for You?

There are so many different kinds of properties that you can buy when you’re househunting (or looking for an investment opportunity). How can you know which one is best for you?

When searching for homes you’ve probably come across townhouses, condos, apartments, and standard standalone homes. Some of these can have confusing distinctions.

image - 4 Main Differences Between a Townhouse vs a Condo
4 Main Differences Between a Townhouse vs a Condo

We’re here to talk about the difference between a townhouse and a condo so you can make the right decision for your next big property purchase.


Read Also :

  • The Main Differences Between Buying a Condo vs. Buying a House
  • 8 Ways to Make Your Condo Unit More Environment-Friendly
  • Ample Ways to Save Space in the Small Condo Kitchen
  • All the Pros & Cons of Buying a Townhouse in Australia
  • Buy a Townhouse Instead of a Condo: Here’s Why

So, townhouse vs condo: what’s the difference? Let’s talk about it.

1. Physical Structure and Space

Townhouses and condos are physically different in some pretty obvious ways.

Some people refer to townhouses as row-homes. These homes are single-family homes but they share one or two walls with another house in the row.

They sometimes also have shared outdoor living spaces, though many have their own yards as well.

The shared living spaces are things like playgrounds, tennis courts, and pools.

Condos are different. They’re like apartments that you purchase instead of rent. They’re a small piece of a large building that you share with all other owners and tenants.

You have more shared spaces both inside and outside so you’ll pay higher fees to help support the whole building.

2. Cost

When it comes to pricing, condos and townhouses are similar when you’re making a one for one comparison.

Condos tend to be cheaper on average because you’re paying to be a small part of a large building. That said, if your condo has HOA fees, they can bring the price high enough to compete with a townhouse.

Townhouses will have higher mortgage fees but because there are fewer shared spaces, HOA fees can be minimal in comparison to the condo.

3. Resale or Investment Value

Looking at townhouse vs condo investment and resale options, there are a few factors to consider.

Assuming that the condo and the townhouse are equal sizes (which is unlikely, but possible) they both function as good investment opportunities for future sales.

Condos are growing in popularity due to the decreased responsibility and the higher cost of living driving people to live in more compact spaces.

Condos are often more common in large cities where people are used to living in apartments and may be more willing to live in an apartment building long-term.

In these large cities, these condos are a great choice if you’re in an area where rents continue to rise.

Townhouses will be more popular amongst families due to their similarity to standalone houses and reduced HOA costs. Townhouse rentals are also getting more popular as housing prices rise.

4. Freedom and Ownership

When you own a condo you have fewer options for individuality. You’re functioning as a part of a whole and everyone has to agree if you’d like to suggest changes to any common spaces.

Even your indoor space can be subject to these HOAs if you ever choose to move out.

While townhouses also have shared spaces you have more flexibility with your own yard and HOAs may be willing to allow some changes to the outdoor aesthetic if they feel it will improve the value of the overall property.

Townhouse vs Condo: Which Is Right for You?

When you’re considering the purchase of a townhouse vs condo, it’s important to consider all of the potential factors.

If you want more freedom and flexibility, choosing a townhouse is a great option for investors and those looking for a home for themselves.

If you’re looking for an investment opportunity alone, condos may give you the most potential.

Overall, it varies. The pros and cons of a townhouse or condo will depend on the person who’s buying it.

To learn more about your favorite home design, gardening, and home improvement topics, check out the rest of our site!

Total
2
Shares
Share 0
Tweet 0
Pin it 2
Share 0
Share 0
Related Topics
  • buying
  • condos
  • Cost
  • home
  • house
  • investment
  • property
  • space

Subscribe

Subscribe now to our newsletter

You May Also Like
Featured image - Unlock Mortgage Savings with These 9 Strategies
View Post

Unlock Mortgage Savings with These 9 Strategies

  • January 29, 2023
Featured image - What to Consider When Investing In The Real Estate Market
View Post

What to Consider When Investing In The Real Estate Market

  • January 15, 2023
featured image - Real Estate Businesses Near Me Benefits of Investing in Real Estate
View Post

Real Estate Businesses Near Me: Benefits of Investing in Real Estate

  • January 15, 2023
Featured image - What to Look for in Real Estate Management Software
View Post

What to Look for in Real Estate Management Software

  • January 7, 2023
featured image - How to Find the Right Property in York
View Post

How to Find the Right Property in York?

  • December 28, 2022
Featured image - Why Invest in Caribbean Real Estate?
View Post

Why Invest in Caribbean Real Estate?

  • December 14, 2022
Featured image - Understanding the Role of a Mortgage Broker in the Home Buying Process
View Post

Understanding the Role of a Mortgage Broker in the Home Buying Process

  • December 14, 2022
Featured image - Can You Work with a Company Like Penticton Real Estate Effectively
View Post

Can You Work with a Company Like Penticton Real Estate Effectively

  • December 5, 2022
Dream Lands Design
  • Privacy Policy
  • Terms of Use
  • Disclosure
  • Sitemap
  • Contact Us

Input your search keywords and press Enter.

Add Dream Lands Design to your Homescreen!

Add