Yes, We believe a townhome is better than a condo. Insurance and financing is usually easier to obtain. A townhome is a great way start for a first time homeowner. It is a way to ease out of renting into home ownership while not taking on the full responsibilty of maintenance and repairs. It is great for busy professionals who do not have time for maintenance yet realize the benefits of hoem ownership over renting. It is all good for Militarary Buyers who are deployed several times a year. Townhomes can also be great for empty nesters who want to downsize perhaps travel without giving up square foot and the American Dream of Home ownerships.
Condos consists of multi-unit dwellings where each unit is individually owned and the common areas, such as hallways and recreational facilities, are jointly owned (usually as "tenants in common") by all the unit owners in the building. In a townhouse, the owner owns the whole unit, the exterior surfaces such as deck or yard and the land on which it is built.
In a condo, the owner does not own the piece of land on which the condo is build in, the owner owns from the four walls in (think of a box). In a townhouse, the owner owns the piece of land, its interiors and its exteriors. Detached condos may have rules similar to townhomes.
Condominiums usually turn out to be cheaper than townhouses. In general, the same square footage will cost less in a condo setting than it will in a single family home or townhouse, mainly due to the cost of land. When you buy a townhome, you also pay for the land where only one structure is built, thus increasing the cost. In a condo, the owner does not own the land and in that same space, many more condos can be built making them cheaper.
While the exteriors of a condo or a townhouse are maintained by the home owners association, it is up to the owner to maintain the interiors. This may also depend on the agreement of the homeowners' association. Generally, a townhouse owner has more authority is changing the interiors of the land and other structural changes as the land is also owned by them while the power of a condo owner is limited.