Massachusetts

Difference Between Condos and Townhouses in Massachusetts

2023-03-23

How Does a Townhouse Differ From a Condo?

Author Bill Gassett owns Maximum Real Estate Exposure.

Are you considering buying a condo or townhouse in Massachusetts? You are not alone if you thought a townhouse and a condo were identical.  Many potential buyers think of these two housing choices as being the same. They are not.

Understanding the difference between a condo and a townhouse is essential. We will examine the differences so you can make an informed decision on which is best for you.

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What is a Condo?

A condo is a type of real estate owned by an individual or a group of individuals (investors). They are typically part of a larger building or complex and are divided into individual units.

Condos are typically sold as units, and the buyer holds exclusive ownership of their unit. Common areas and amenities are shared among all the other owners in the building or complex.

Condos are regulated by a condominium association comprised of unit owners. The association is responsible for maintaining the common areas and enforcing rules throughout the community.

Condos may include amenities such as pools, fitness centers, and clubhouses.

Condos are generally easier to maintain and more affordable than comparably sized homes. They may suit those without worrying about lawn maintenance, snow removal, and other home ownership responsibilities.

When you buy a condo, there are numerous questions that should be asked before committing.

What is a Townhouse?

A townhouse is a type of real estate usually part of a larger building or complex of similar properties. Townhouses are usually attached to one another with shared walls between each unit.

Townhouses are usually two or three stories, with the living space on the upper floors and a garage and/or entrance on the lower level. Sometimes the garages are attached similarly to single-family homes.

Townhouses usually have private outdoor spaces smaller than a typical single-family home.

A townhouse is usually sold individually, and the buyer holds exclusive ownership. While common areas and amenities may be shared among all the other owners in the building or complex.

Unlike condos, townhouses generally have fewer deed restrictions. The homeowners' association is not responsible for the upkeep and maintenance of the unit holders' yard area and driveway.

Like condos, townhouses may also have additional amenities such as a pool, gym, or clubhouse.

Townhouses are usually more expensive than condos and may require more maintenance. They may be suitable for those who want to own a home but also share amenities with others within a neighborhood.

How Are Condos and Townhouses Different From One Another?

Townhouses and condos are two types of real estate that are often confused with one another. While both offer the convenience of urban living and share some similarities, there are a few key differences between the two.

The most obvious difference between townhouses and condos is the physical structure.

Townhouses generally have multiple stories, like a house attached to one another with shared walls between each unit and a private outdoor space.

Conversely, condos are usually part of a larger building or complex, with individual units typically on one floor. The common areas and amenities, like pools and fitness centers, are shared among all the owners in the building or complex.

Townhouses usually require more maintenance than condos, as the homeowner is responsible for their yard and driveway upkeep. Additionally, townhouses usually come with fewer deed restrictions than condos, as the homeowners’ association is not responsible for the upkeep and maintenance of these exterior items.

Townhouses are often located in suburban areas with more land, while more condos are seen in urban areas.

In general, condos are a great option for those who want to own a home but don’t want to worry about yard maintenance, snow removal, and other home ownership responsibilities.

Townhouses may be more suitable for those who want to own a home, share amenities with others in a neighborhood, and don’t mind taking on more maintenance responsibilities.

Both Condos and Townhouses Have an HOA and Associated Fees

Both condos and townhouses have Homeowners Associations (HOAs) responsible for regulating and enforcing the community's rules. These rules may include restrictions on noise levels, parking regulations, and types of businesses that may operate in the community.

The HOA is also responsible for maintaining common areas, such as the swimming pool and clubhouse, and enforcing the community's rules. They also collect a monthly fee from the homeowners used to cover these services costs.

In addition to the HOA fees, condo and townhouse owners must also pay other fees, such as property taxes and insurance.

Condos and townhouse owners must pay fees associated with the HOA and other services. These fees help to keep the community running smoothly and provide necessary services and amenities for the homeowners.

Final Thoughts on Condos vs. Townhouses in Massachusetts

Both condos and townhouses are excellent housing choices for those buyers who desire less maintenance and would like to be in a community of other like-minded individuals.

They also make an excellent housing choice for those who want to downsize and possibly buy a second home in another location. Selling a condo in areas populated by second homeowners is usually easy, as there is often a high demand.

Did you enjoy this advice on the differences between a condo and a townhouse in Massachusetts? See other real estate articles on NewsBreak for more timely tips and advice. Bill often writes about general real estate, mortgages, finance, moving, and home improvement.

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