| Townhome's |
Condo's |
- Owner has rights to every component of the lot of their individual townhome.
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- Owner has rights to interior spaces and improvements which usually only includes spaces within interior walls.
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- Owner has rights to all structural components and exterior features of townhome.
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- Typically owns portions of building outside of air-conditioned space, such as garage and some parts of the roof.
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- PLATTED into individual lots, boundaries of lot shown on recorded plat.
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- Typically one lot shared by entire condominium project.
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- Owners enjoy a small private yard and private mailbox for each townhome.
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- Only has portion of shared yard and usually a community mailbox.
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- Government is run like a democracy. Home owners association votes on all issues for and against the subdivision.
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- Government is run like a dictatorship. Usually developer or management company decides rights and wrongs. Not much say, if any, be residents.
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- Homeowners associations charges no fees for townhome management.
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- Additional mandatory fees charged for condominium management.
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- All residents pay same amount of homeowner's association dues
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- Association fees are determined by the percentage of ownership of each individual unit.
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- Homeowners association will maintain low fees.
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- Management will charge high fees for condominium exterior maintenance.
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- Property taxes pay for ALL road maintenance and waste management.
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- Property taxes are required however no road maintenance and waste management by city. Condominium fees are charged to owner for these services. Condo owners essentially pay for these twice.
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- Full floored attic storage
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- Timeless design and estate quality construction
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- Basic design and mass production quality
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- You are deeded the property, fee simple, same as single family home ownership
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- You get a deed to airspace only and an undivided interest in association that owns condominium development.
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