Condo vs. Townhome
“My husband and I can’t afford a detached house yet, so we’re going to buy a condo. Is there a difference between a condo and a townhome?”
***ANSWER:
“Condominium” is a form of ownership in which you own an interest in an entire property (the condo complex), with the exclusive right to use the designated “airspace” that the condominium unit occupies.
“Townhouse” is an architectural style with 2 or more levels. Many condos are “townhouse-style”.
There’s also a Planned Unit Development or PUD. In PUDs, you own the structure and the land beneath it (often a small parcel a little bigger than the “footprint” of your home), plus a shared interest in the common area.
