Simplicity and convenience, the desire of todayâ€™s home buyers, for the ultimate lifestyle! To fit that perspective, most shoppers end up with a condo or townhome. But, which is better, and what is the difference?
The answer is simple: They are same in real estate terms. Yet, to a buyer the differences would entail varieties of all sorts. Condos typically come in many different genres, urban, luxury, conversion, as well as, townhomes. They all would be, of course, dependant upon personal preference and lifestyle, whether it is, you are a city slicker, a first time buyer, growing a family, or an investment guru. So after determining your basic genre, would be the next step, do you want a townhome-condo?
Townhomes usually have an attached garage and, mostly, but not always, a small patio, or fenced backyard area to be maintained by the owner. A townhome is a condo with the luxury of a single family home, yet the freedom from land and home maintenance. Townhomes typically have multiple stories and can be very large. Townhomes also are built one next to the other; so typically, you would not have anyone above or below you and the sound from the attached side is little to none. In todayâ€™s growing world, townhomes have become popular among builders because of the effective use of the land, and a green way to grow a community using fewer materials to provide equal space for living. So whether your next step would want to go green, or low maintenance, yet the single family home style, a townhome would probably be a good choice.
Now to the specifics, when looking to purchase a condo you want to make sure you do your due diligence for any community. A lot of condos now are not â€œnew constructionâ€ and built to current condo code, rather they are simply conversion projects from existing apartments that builders make a killing on because they mostly have cosmetic upgrades, and then are sold for a huge profit. The problem with conversions is usually insulation and noise issues from unit to unit. Most people donâ€™t realize this is an issue until they have closed, moved in and their neighbors have American Idol cranked and they can hear it as if there is no wall! Townhomes are build typically with 2â€ X 6â€ fully insulated on the wall of each home (giving you 12â€ between homes), and there is usually a Â¼â€ â€“ Â½â€ air gap between them as well which kills a lot of the lower frequency noise. This style of construction drastically cuts back on how much noise you can hear coming from neighbors; in fact most of my sellers I work with say they hardly ever hear their neighbors. Both styles have advantages, but overall I have found people who are looking for a simplistic quality of life in their home buying decision will generally lean towards a townhome over a condo.