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Differentiating Condos and Townhomes

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By : Roby Hicks    99 or more times read
There are several types of property to choose from once you decide to own a home. This is why you need to learn about their differences to be able to choose the best property for you. You may choose from the condominium units available or the townhomes. But before you do, consider the benefits of investing in one. Living in a condo is attractive for some but may not suit others. To ensure that you will be happy with your choice, take time to consider the many factors associated with each of the property.

What makes a condo different from a townhome? Why would most pick a townhome if you can benefit from a condo? The information below will help you understand these properties better.

What is a condominium?

A condo is a unit that you can own. Aside from the unit, you will also be a part owner of the common areas in the building as well as the land where it is built. you can use the different facilities and amenities built for the residents of the condo. Once you purchase a unit, you will automatically become a member of the homeowner’s association. The association is in-charge of the maintenance of the shared areas in the building. In order to do that, members are obliged to pay a monthly membership fee.

There are many benefits condo living. First, it is less expensive compared to an individual home. This makes it easier for most to own a property. Owners do not have to worry about the area because there are several units that have similar floor areas with common houses. There are also several types to choose from. This gives the buyers options and an opportunity to find their dream home.

Condos are secured as well. Most of the newly built condominiums are packed with security systems, alarms and safety devices to ensure the safety of the residents. In addition to that, burglars are discouraged to rob condos because they can easily get caught as neighbors live close to each other. Any suspicious noise will alarm the neighbors.

What is a townhome?

Unlike a condo, a townhome is an independent structure. It will not hare ownership of the land with others as the purchase of the townhome includes the purchase of the land. Townhomes are also more spacious as it has a backyard. Most have garages as well.

Most would prefer this because of privacy. Unlike the condo, a townhome is a separate structure. This means that there will be no one living above or below your home. owners can also decide whether to have additional features in their yard like a gazebo or a pool.

Since it is a separate structure, you will not hear as much noise when the home next door holds a party. You will have a more peaceful stay at home too.

Owning a home is a dream for most of us. This is why you have to be careful when picking a property to buy. See to it that it is what you want and that it fits your lifestyle perfectly.
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