WHICH SHOULD YOU BUY: A TOWNHOUSE OR A CONDO?

Dated: June 21 2022

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WHICH SHOULD YOU BUY: A TOWNHOUSE OR A CONDO?

Whether it’s your first time buying or you just want to purchase something smaller, townhouses and condos are both great options. Check out the differences between the two to help aid you in your search!

Condominiums

Condominiums are similar to apartments in that you buy a single unit within a bigger structure, but not the land it sits on. Access to the building's amenities, such as the clubhouse, pool, and gym, is usually included. Condo owners, on the other hand, are not responsible for the maintenance and repair of these communal facilities. Living in a condo helps you to meet new people and develop a strong feeling of community because there are so many shared places. The loan approval process is similar to that of a full-sized property, but the lender will also consider the condo association's financial stability.

Townhouses

Buyers of townhomes typically acquire the entire unit, including the land it stands on, both inside and out. The driveway, yard, and roof may all be affected. These flats are typically two or three stories tall and may feature amenities such as pools and parks. Owners of townhomes pay a monthly fee to a homeowners association, and the borrowing process is similar to that of a full-sized home.

Which is the best choice?

Both townhomes and condos require less care than a standard home and typically have excellent communal areas. The requirements and desires of you and your family will ultimately determine your decision. Location, lifestyle, family growth, and price are all factors to consider.

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Dennis Salazar

Husband, father, investor, REALTOR®️, and musician. Dennis grew up in a Real Estate family with brokers, lenders, contractors, and agents - all members of his immediate family. Dennis went into inv....

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