The Difference Between Condos, Townhomes, and Single-Family Homes
What is the difference between living in a condo, living in a townhome, and living in a single-family property? Let’s discuss.
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People often ask me what the difference in living in a condo, townhome, and single-family home is, and today I’d like to share a little insight into this common query.
Let’s start with condos. When you own a condo, you own everything within the “four walls” of your home. Everything outside of your property’s interior is managed and maintained by a condo association, which you will need to pay monthly dues to.
So, what about townhomes? In Seattle, most townhomes are generally part of a smaller multi-unit development and do not have a formal homeowners association. Instead, residents are subject to a no-fee joint maintenance agreement, which stipulates that all residents within the community share responsibility over shared features and amenities.
As for living in a single-family home, you are solely responsible for your property. It’s as simple as that.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.