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Greater ownership: Unlike condos, with a townhouse you generally have ownership over the exterior as well as the interior of the home. While an HOA may enforce certain aesthetic codes for the ...
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If you re a first time home buyer, you may want to consider a couple alternatives to the traditional, single-family home that is surrounded on all sides by its own expensive lawn or driveway.
Townhouses and apartments which are owned in the condominium form of ownership are often referred to as "condominiums" or "condos". Court: high-density slum housing built in the UK, 1800–1870. Two or more stories, terraced, back-to-back, around a short alley at right angles to the main street. Once common in cities like Liverpool [8] and Leeds.
Mid-rise apartments/condos: 5–9 stories, 30–110 units, with elevators [1] High-rise apartments/condos: 9+ stories, 100+ units, professionally managed [1] Special-purpose group housing [1] Retirement home; Nursing home; Dormitory
Since apartment-style condos are the most common, when someone refers to a condo, many erroneously assume that it must be an apartment-style dwelling and that only apartment-style dwellings can be condos. All types of dwellings can be condos, and this is therefore true of townhouses. A brownstone townhouse is a particular variety found in New York.
For example, a garden condominium complex consists of low-rise buildings built with landscaped grounds surrounding them. A townhouse condominium complex consists of multi-floor semi-detached homes. In condominium townhouses, the purchaser owns only the interior, while the building itself is owned by a condominium corporation. [55]
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