Home Buying in Dubuque>Question Details

Bill Steines, Other/Just Looking in Dubuque County, IA

please tell me the difference between a condo &town homes?

Asked by Bill Steines, Dubuque County, IA Sun Sep 28, 2008

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Same as the difference between a head of cabbage and a toothpick.

They're two entirely different concepts.

A condo is a legal structure. It describes what you own. In a condo, you own everything within the four walls of your unit. Anything outside is a common element, owned by the condo association.

A townhouse or town home is a physical structure. It describes a multi-story residence in which typically one family--though sometimes two--lives.

The two have nothing to do with each other. A townhouse could be a condo, or not. A condo can be a unit in a large building, a townhouse, or even a single-family home.

Hope that helps.
1 vote Thank Flag Link Wed Oct 15, 2014
Don Tepper, Real Estate Pro in Burke, VA
MVP'08
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In our area we consider the difference between a town home and a condo is...In a townhome you own the outside...the lot, the exterior of the building. In a condo you own from the plaster walls in. The association owns from the stud walls out. Condos are run by an association made up of the residents that live there. The dues takes care of the lawn work, the snow removal and in cases where the complex is on a private street, the snow removal in the street. The dues also covers the outside insurance. Part of the dues also goes into a reserve fund to pay for future expenses (ie. a new roof or street repair). These things can vary among associations, but these are kind of the run of the mill things you'll find with condos.

With town homes, there may or may not be an association, but if the roof needs fixing, since the person with title owns the outside, the cost comes out of the owner's pocket.

That's my experince with condos I've listed...hope this helps. Carol Foht American Realty 2115 JFK RD Dubuque, IA 52002 563-542-0520
Web Reference: http://www.fohtnotes.com
0 votes Thank Flag Link Thu Mar 5, 2009
By definition alone a condo is a property owned under a maintenance/common area agreement. Townhouses can be condos but it does not have to be a townhouse to be a condo. There are apartment buildings that have been "condoed" of tax reasons so it's more of a state of ownership than a specific layout or density of living spaces.
0 votes Thank Flag Link Sun Sep 28, 2008
condos are stacked and townhouse are side by side
0 votes Thank Flag Link Sun Sep 28, 2008
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