Ask Bob Buying a Home What is the difference between a townhouse and a condo?

What is the difference between a townhouse and a condo?

The main difference is ownership structure. A townhouse typically includes ownership of both the interior and the land underneath, while a condo owner owns only the interior space and shares ownership of common areas. Townhouses usually have their own entrance and may have more privacy. Both can have HOAs with fees covering maintenance. Condos are often more affordable, while townhouses offer more autonomy.

Why It Matters

The ownership structure affects your monthly costs, maintenance responsibilities, and long-term equity. Choose based on your lifestyle and tolerance for shared rules.

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