What’s the Difference Between a Condo and a Townhouse

There are so many choices you have to make while buying a home. From place to price to whether or not a terribly obsolete kitchen is a dealbreaker, you’ll be asked to weigh a number of considerations on the road to homeownership. One of the most significant: what kind of house do you want to move in?

You will potentially find yourself facing the condo vs. townhouse controversy if you are not interested in a separate single-family home. Among the two, there are quite a few parallels and quite a few variations as well. It’s a matter of weighing the pros and cons of both and combining it with the rest of the choices you’ve made about your dream home to determine which one is best for you. 

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Condo Vs. Townhouse

A condominium is an actual unit that sits in a house or a building society. A condo is owned by its owner. On the other hand, a townhouse is an attached residence owned by its residents as well. For an adjacent attached townhome, one or two walls are linked. Instead of an apartment, consider a rowhouse and expect a little bit more privacy than you’d find in a condo.

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In urban cities, rural areas, and the suburbs, you can find condos and townhouses. The greatest difference between the two is ownership and fees-what you own and how much you pay for it are at the center of the distinction between condo and townhouse and always end up being key considerations when determining which one is the best match.


You individually own your particular unit and share shared ownership of the building with the other owner-tenants when you buy a condo. The shared ownership covers the structure of the building itself and its open spaces, such as the gym, pool, playgrounds, and function halls. 

While townhouse ownership is much in line with ownership of a single-family home that is detached, the distinction is that the structure shares certain walls with another structure. You directly own the structure and the ground on which it stands.

“Condo” and “townhouse” are more proprietary terms than architectural terms. For instance, you own the structure but not the property on which it stands. You can live in a structure that resembles a townhouse but is really a condo in your ownership rights. If you’re specifically looking for townhome-style homes, be sure to ask what the ownership rights are, especially if you want to own your front and backyard as well.


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Owning a condo or a townhouse usually appears to be more economical than owning a single-family home, even with monthly HOA payments. You can never buy more than you can afford, but condos and townhomes for first-time homebuyers or those on a budget are always perfect options. 

Condos tend to be easier to buy in terms of condo vs. townhouse buying costs because you don’t spend on the property. Yet condo HOA fees still appear to be higher, and more spaces are collectively owned.

There are other expenses, too, to remember. Depending on the property you are buying, its location, property taxes, home insurance, and home inspection costs differ. When looking to see if a specific home falls with your budget, make sure to weigh these in. Mortgage interest rates, which are typically the highest for condos, still have to be weighed.

Homeowners’ associations

You are expected to pay monthly fees to HOA when you buy a condo or townhouse. The HOA, which is managed by other tenants (and which, if you are so inclined, you can join), performs the regular upkeep of common spaces. In a condo, the HOA maintains and manages the building, its grounds, and some interiors. In a townhouse, the HOA oversees open areas, including general grounds and, in some cases, roofs and external areas of the buildings.

The HOA also sets rules for all residents, in addition to managing mutual property management. This could include regulations regarding renting your house, noise, and what you can do with your property.

Resale value

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There is no such thing as an investment that is assured. Your home’s resale value, whether it’s a detached apartment, townhome, or single family, depends on a variety of market variables, all of them outside of your control. But when it comes to the conditions under your influence, both condo and townhome properties have certain advantages.

A well-run HOA will ensure that open areas and general landscaping still look their best, which ensures that you will have less to think about when it comes to making a strong first impression of your building or renovation culture. 

Condos have historically been slower to rise in value than other property classes when it comes to appreciation rates, but things are changing. In their rate of appreciation, they have recently also exceeded single-family houses.

It comes down to evaluating the differences between the two and seeing which one is the better match for your family, your budget, and your future plans to find out your own solution to the condo vs. townhouse dispute. 

Both have their pros and cons, and both have a decent bit in common with each other. There is no true winner. Find the property you wish to purchase with Metro Realty Search, and then dive into the ownership, taxes, and cost information. You’ll be able to make the right decision from there.

With Metro Realty Search, you don’t have to stress searching for the home you have always wanted. They can help you look for that dream home. To know the properties they offer, you can check out SMDC Gold Residences, Fame Residences, and Lush Residences. 

Louie is the father behind the travel blog Browseeverywhere.com. He has a background in photography, E-commerce, and writing product reviews online at ConsumerReviews24. Traveling full time with his family was his ultimate past-time. If he’s not typing at his laptop, you can probably find him watching movies.

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