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Condos And Townhouses: Understanding The Difference Between The Two

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By : Alvin Smith    99 or more times read
After working for so long and after all the sweat you have wasted on working you want your hard-earned money to be spent in some essential things. The first thought that will come out of your mind is buying a house of your own to go home to. This is very important because you want your family to have a place of their own where they can do everything they want but of course with a little bit consideration on their family members. If you have your own house you don’t have to think of a reoccurring rent that sometimes makes your budget over exceed.

The next thing you need to do is decide on what kind of house you want to buy.Certainly this will depend on you and your family’s taste and style. You need to get your family’s opinion on what type of house you want to go home with and a place you want to feel the comfort of having your own. Two of the most common kinds of houses that are fast selling these days are the townhouse and a condominium. Just before buying a house like these two, you need to know what their own features are and what makes them different from each other. They may sound the same but definitely there are some differences you might see on these two.

The most evident one is that a condominium is built in a higher structure than a townhouse. There are 2-4 units available in each floor and there’s a large parking lot for car owners who are renting or owning a unit. A condo, a shortened name for condominium, is split up by a wall or sometimes the units are stacked on the top of each other. Townhouses are available separately and are joined to other townhouses by a wall. They can be in duplex or triplex based on the style of the townhouse. Possessing a townhouse means that you own the land beneath but owning a condo is just owning the unit itself only not the land where the building is built.

Either houses, however, have the same structure inside like they both have kitchen, living room, a one or two- bedroom style, a single or two bathroom structures. They both have parking space but in a condo they can be in one floor to be shared with other owners while in townhouses have their own parking space that may be found in front or at the back of the structure. Both houses have their own recreational areas but the difference between the two is that in a condo they can be found in a certain floor while in townhouse they may be available in a certain place of the area.

When speaking about the cost difference of the two, the condo is cheaper than a townhouse. When you invest in a townhouse you are also acquiring the land where it was built while when you are purchasing a condo you’re only acquiring the unit not the whole building. So, if you are thinking about buying either of the two, you must know first the advantages and the disadvantages of the two before deciding. You must understand which of the two will be beneficial to your family and which one will make your family enjoy in staying to.

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