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What is the difference between a condo and a townhouse?

Reblogger
Real Estate Agent with Nesbitt Realty at Condo Alexandria 0225-089134

Simple and important distinction

Original content by Marcy Moyer B.R.E. 01191194



Condo and Townhouse are architectural terms. Condos are like apartment buildings--they can have attached neighbors above, below, and at either side. Townhomes are like row houses. They ONLY have attached neighbors on the sides.
Condos and PUD (planned unit development) are both ownership terms. With condos, you own %100 from the unpainted walls of your unit in. You own in common the walls of the building, the land, and any other improvements like pools, laundry rooms, parking areas, etc. If there are 100 units in the building then you own 1/100 of the entire common area of the complex. 
A PUD is a development in which you own your home and the land it is on. You own in common with the other owners any common space, such as the roads, common landscaping, pools, and so forth that may be part of the development. A PUD can be a single family home OR a townhome. 

Comments (3)

AMBER NOBLE GARLAND - Top Real Estate Expert, Property Tax Appeal Specialist & Author
Strategic Marketing Expert & Relocation Specialist Serving New Jersey and nationwide! - Marlboro, NJ
- The Agent You Can Trust To Deliver REAL Results!

It's interesting how many people actually don't know the key distinction between the two. Glad you reblogged this Will.

Jan 15, 2009 06:33 AM
Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs

Will do you have your website that features condo? I have had good luck with mine and have added a blog as well. Take a look and leave me a comment on the blog. www.neworleanscondos.net and www.neworleanscondotrends.com. Looking for ideas!

Jan 15, 2009 12:33 PM
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

This is something I find many consumers are very confused.  They want townhomes not condos, but don't always know the distinction.

Jan 17, 2009 05:13 PM