Q: What's the Difference Between a Condo and a Townhouse?
In this blog, Lorrie points out the diffences between a townhome and a condominium in simple terms. Buyers are always asking for this information, and she explains it well.
{Edited to include the following two words: In Texas.}
Q: What's the Difference Between a Condo and a Townhouse in Texas?
A: There are different types of dwellings that homebuyers can select from when choosing a home.
- A condominium shares party walls with other units and involves individual ownership of the airspace within the unit itself (from carpet to ceiling and paint to paint), plus shared ownership of any common facilities such as halls, surrounding grounds, pools, etc. as undivided interests with fee simple title. The ground underneath the condo is not owned by the individual homeowner. Condos are popular with owners who want the security of owing property but not the responsibility of caring for and maintaining a single family home.
- Town houses are built on lots owned by the individual homeowners. They could be connected by common walls, usually firewalls, or they could be freestanding homes separated by airspace and attached to each other by exterior shingles and brick or siding.
It gets confusing when condominium complexes include the term "townhouse" or "townhome" in their names. For example, the 38-unit complex in Addison, Texas on Vitruvian Way, Brooktown Townhomes, is truly a condominium community. Another example: the condo units at Pecan Square on Beltway in Addison, Texas are condos, even though some units are described as townhouse-style (on more than one floor). But there are one-story townhomes, too (although none in Addison). Case in point: Pasquinellis Parker Estates in Plano, Texas has one and two story town homes.
Other types of dwellings besides condo and townhome include: the traditional single family home, cooperatives (not too many of these in Texas), duplexes, retirement communities, manufactured housing, modular homes, and time-shares.
You can search for any type of home for sale in Addison using these links:
Addison Single Family Homes For Sale
Whether you're looking for a condo or townhouse, single family residence or duplex, or even a lot to build on, call me for your Addison real estate home.
Lorrie Semler, e-PRO, GRI, SRES
Addison Resident/Addison Expert
Real Service. Real Results. Real Estate.
Keller Williams - Dallas Premier
972-416-3417
www.LorrieSemler.com
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