Condo Vs. Townhouse | Which Is Better? Pros & Cons

In this video, we explore the differences between a condo and a townhouse. We also touch on what some of the pros and cons are of condos and townhouses.

CONDO:
A condo can be any type of property. This is because a condo is more a type of ownership, rather than a type of property.

PROS:
1. Less maintenance
2. Amenities
3. Security

CONS:
1. Association fee
2. Fees could increase
3. Special assessments
4. Many restrictions

TOWNHOUSE:
A townhouse is a type or a style of property - not a type of ownership.

PROS:
1. Spacious layout & patio space
2. Close to town & metro areas
3. Feels more like a single family home
4. Good alternative if you can't afford/don't want a single family house

CONS:
1. Association
2. Condo townhouses have higher HOA fees than fee simple townhouses
3. Lack of privacy

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Music Credit:
Song: Luke Bergs - Happy
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