What, Exactly, Is a Townhouse...

By
Real Estate Agent with Re/Max Masterpiece Realty

—and Should You Consider Buying One?

As a buyer, there are a variety of property types you can purchase. For example, you might buy a single-family home, an apartment, or a condo.

Or, you might buy a townhouse.

Townhouses are a popular property option, particularly for first-time buyers. But a lot of people have questions about townhouses, like what, exactly, are they—and why should someone consider buying one?

If you have questions about whether a townhouse is the right option for you, a recent article from realtor.com answered key questions buyers might have about townhouses, including:

  • What is a townhouse? There are a few key characteristics that define townhomes. A townhome is a single-family home that has at least two stories and shares a wall with another home. They’re also individually owned, but part of a larger community of townhouses that are typically part of a homeowner’s association (HOA).
  • How is a townhouse different from a condo? While the rules aren’t cut-and-dry (for example, sometimes townhouses are sold as condos), generally, condo owners only own the interior of their home—while townhouse owners typically also own the outside property. (However, it’s worth noting that, depending on the community, townhouse owners may have to follow the HOA’s rules when managing their home’s exterior.)
  • What are the benefits to buying a townhouse? Because townhouse owners typically own their complete property, they have more flexibility in customization and upgrades—but because they’re part of a larger community, you don’t have the same kind of maintenance costs or responsibilities of owning a stand-alone home. For many buyers, that’s a win-win!

🏡For answers to your Real Estate questions call

 772-485-4188

 Anna Chroscicki

REMAX Masterpiece

Visit www.annasellsrealestate.com

Comments (3)

Trish Cole
Veterans United Home Loans of Puget Sound - Puyallup, WA

Great, detailed, breakdown of the differences in the condo and Townhome.  Mortgage lenders may have different guidelines on each type of home as well.

May 24, 2022 10:25 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Anna - I lived in a condominium which were townhouses in Ossining New York.

May 24, 2022 11:58 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

A really good post. Many buyers and sellers have no idea what they are buying (or own for that matter).

May 25, 2022 07:30 AM