Condo vs. Townhouse What’s the Difference?

Ownership and Responsibility

The most significant difference between a condo and a townhouse lies in ownership. With a condo, you own the interior space of your unit, but the exterior, common areas (like hallways, landscaping, and amenities), and often structural elements are owned collectively by the condo association. A townhouse, on the other hand, usually grants you ownership of the entire structure, including the land it sits on. This means you’re responsible for maintaining the exterior of your townhouse, whereas condo owners share the responsibility of maintaining common areas through condo fees.

Exterior Maintenance

This point directly follows from ownership.

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Home Warranties Buyer or Seller’s Best Friend?

What is a Home Warranty?

A home warranty is a service contract that covers the repair or replacement of major home systems and appliances. Think of it as insurance for your home’s mechanicals, but unlike homeowner’s insurance, it doesn’t cover damage from events like floods or fires. Instead, it typically covers things like your heating and air conditioning system, plumbing, electrical system, and major appliances such as your refrigerator, oven, and dishwasher. The specifics of what’s covered vary wildly between providers and plans, so it’s crucial to read the fine print.

Who Pays for the Home Warranty?

This is a

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