TOWNHOUSE VS. CONDO: WHICH SHOULD YOU BUY?

Dated: May 4 2020

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TOWNHOUSE VS. CONDO: WHICH SHOULD YOU BUY?

Whether it’s your first time buying or you just want to purchase something smaller, townhouses and condos are both great options. Check out the differences between the two to help aid you in your search!

Condominiums

Condominiums are similar to apartments in that you purchase an individual unit inside of a larger building, but not the property it sits on. This generally includes access to the building’s amenities, such as the clubhouse, pool, and gym. However, condo owners are not responsible for the upkeep and repair of these common areas. Because of the number of shared spaces, living in a condo often allows for meeting new people and building a strong sense of community. There is a fairly similar vetting process for loan approval as for a full-sized home; however, the lender will also look at the health of the condo association.

Townhouses

Those who purchase a townhome are generally purchasing the complete unit, both inside and out, including the land it sits on. This might also include the driveway, yard, or roof. Traditionally, these units are two- or three-stories tall and may also include common areas like pools and parks. Townhome owners pay a fee to a homeowners association every month and the loan process is the same as buying a full-sized home.

Which is the best choice?

Both townhomes and condos offer less maintenance than a traditional home and generally offer great shared areas. Your decision ultimately comes down to you and your family’s needs and wants. Things you’ll want to take into consideration include location, lifestyle, family growth, and price.

Greater Charleston Area Homes For Sale: Jose Rey, Realtor, Managing Broker and Chief People Officer with Southern Shores Real Estate Group in Charleston, SC. Advocating for sellers and buyers with professional real estate services. Nothing compares to having a real estate agent providing true data and research to make an informed and educated decision. You can get information about real estate in; Awendaw, Charleston, Cottageville Daniel Island, Folly Beach, Goose Creek, Hanahan, Harleyville, Hilton Head Island, Isle Of Palms, James Island, Johns Island, Kiawah Island, Knightsville, Ladson, Lincolnville, Moncks Corner, Mount Pleasant, North Charleston, Ravenel, Ridgeville, Saint George, St. George, Sullivans Island, Summerville, Ladson, Ridgeville, Wadmalaw Island, Walterboro. Click here!

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Jose Rey

Realtor, Jose Rey, feels blessed to call the Charleston-area home; so much so that he is dedicating his career to helping others do the same. As a successful real estate investor himself, he now enjoy....

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