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Townhouses and condos are similar in many ways, but not exactly the same. One of the main differences is the degree of ownership. Unlike a condo, townhouse owners typically own both the interior ...
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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.
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.
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
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.
When the time comes to buy their first home, many Americans need to carefully weigh a variety of factors before deciding on which type of property to purchase. For the most part, it's a decision...
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]