Many parents, wanting to buy a College Station home for their students, visit the idea of a condo or townhome. As with anything there are some very positive points to consider and some other negative points on these issues.
First let's talk about what the difference is between condos and townhomes. The major difference is that condos always have associations and the homeowner doesn't actually own the land beneath the condo, the association does and you typically only own from the studs in. The exterior is owned and maintained by the association. Townhomes may, or may not have associations formed to maintain community resources. With a townhome you own the land that it sits on and the entire structure.
The down side of Condo associations is that there is a monthly fee. This fee can range, in College Station Condos, from $65 a month to over $200. There's no set answer on what these fees cover unless you look at individual associations. Most will cover exterior landscaping and insurance on the common areas. A good many will cover exterior maintenance on the roof and sides of the building. Some will have pools and a very few will cover things like internet service and water. Each association varies.
The down side to a townhome is that the maintenance typically is not covered. You may find yourself with the nicest property on the block with other properties to the right and left of you not nearly as well maintained. Also many share roofs with the other townhomes so eventually roofs may become mismatched.
With a College Station home you are always going to be responsible for lawn care, maintenance of the exterior and interior and all insurance. Keep in mind that the City of College Station conducts periodic checks of areas to ensure that residents are mowing their grass and other upkeep items. Getting a letter from the city warning of an impending fine if the situation doesn't improve is typically the parents first indication that the property isn't being maintained as well as it should be.
Any of these options can be the right choice for you and your student. The first thing you need to do when deciding to buy a student property is to think about what appeals to you the most. If you're not in Texas and maintenance needs to happen on your student property a condo might be the best bet. Also if you really want an easy care solution a condo can be a very good choice.
Want a glimpse of all the College Station real estate for sale? Go to my website and click on "Search Listings". When you buy I'd love to help!