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What’s The Difference Between A Condo And A Townhouse? : Mortgage Loans, Rates, Home Buying, Selling, Foreclosures

What’s The Difference Between A Condo And A Townhouse?

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A townhouse can be a condo.

A “townhouse” is simply attached real estate, what folks in big cities used to call “row” housing 50 years ago. Transported to the suburbs to create more units per acre, such properties are now called “townhouses.”

A “condominium” is property with a private component (the unit and usually the ground under it) as well as a general ownership interest in the common areas such as a pool or community center.

With a condo there is a condo association to which one belongs. This condo “regime” provides certain common services to all unit owners and the ownership of common elements in exchange for a monthly fee.

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