The differences between a condominium, a townhouse and a co-op?

By
Real Estate Agent with Coldwell Banker

A townhouse is a style of construction, whereas condominium and co-op are types of ownership. A townhouse is basically a building or unit that shares a common wall with the building or unit next door. The walls are usually straight and entry is usually from the ground floor. Townhouses usually have two or more stories. A townhouse can be a style of condominium. 

Condominiums for sale in Waukesha County Wisconsin

A condo is where you own the actual structure of the building jointly with the other members of the association, along with common areas such as swimming pools, tennis courts or other common areas. Individually, you own the airspace and interior of the structure, but not the building itself. You and the other members of the association own the structure together. 

A co-op is where you own shares of a corporation or organization that owns the larger structure, and ownership of those shares gives you the right to occupy a specific unit or apartment. 

 

 

 

 

Have a productive day and I will see you at closing!

 

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tom braatz Relocating or moving to Oconomowoc,Delafield,Hartland or Pewaukee with Lake Country living Wisconsin

 

Oconomowoc Wisconsin Real Estate, or any Waukesha County Real Estate LakeCountry Real Estate Feel free to email me at tom@tombraatz.com or call directly at262-377-1459 Know what your home is worth!Market AnalysisNeed that perfect Oconomowoc home? Dream Home FinderFind a home in the MLS,on-line info,and more:www.buyingvip.com

 

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Rainmaker
1,058,112
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Tom, this post will be helpful to buyers who need clarification on the three types of properties.

Sep 16, 2014 01:58 PM #1
Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good information for home buyers. Thanks for the post. Many buyers do not the difference .

Sep 16, 2014 08:59 PM #2
Rainmaker
1,909,134
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Thank you Gita. That's true about buyers not knowing the difference

Sep 16, 2014 11:29 PM #3
Rainmaker
1,909,134
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Sharon

Thank you. I see so many of each now going up for sale

Sep 16, 2014 11:30 PM #4
Ambassador
4,115,086
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Thanks for explaining this Tom, it can be confusing for those of us that dont deal in these.

 

Sep 18, 2014 03:52 PM #5
Rainmaker
1,909,134
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Bob

I always thank you for stopping by and your comments are so appreciated. Thank you very much

Jan 09, 2015 08:55 AM #6
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Tom Braatz Waukesha County Real Estate 262-377-1459

Waukesha County Realtor Real Estate agent. SOLD!
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