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Buyers Central

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Beginning the Journey

Very Important First Step

Should I Buy?
Rent vs. Buy

What Do You Really Want?

Buyers Wish List Form

Townhome or Condo?

Contract to Closing

Understanding Appraisals

Our Home Run Service


Townhome or Condo? Can You Tell the Difference?

Have you ever wondered what is the difference between a townhome and a condominium? How do you tell them apart? You've come to the right place! We will shed new light on this age-old mystery.

How can you tell if a unit is a townhome or a condo?
There are two major differences between townhomes and condominiums. One difference is the style of the units; the other is type of ownership.

  • Townhomes always have their front door located on the ground level. Whether one-story or two-story, if the front door is on ground level of all units in the complex, it is a townhome.
  • Condominiums - If you have to climb stairs to get to the front door of any unit in the complex, it is a condo.
  • Townhome ownership owns land.
  • Condominium ownership does not own land.

Do townhomes and condos have homeowner's fees?
Yes; both have homeowners' fees that you pay monthly over and above your regular mortgage payment. Every homeowner is assessed the same fee. These fees help cover liability insurance for common areas, costs to maintain parking lots, the entrance sign, outside lighting, pools, tennis courts, clubhouses, the exterior of the building including roof, etc.

I'm still not sure if townhome living suits me. Can you send me some more information?
There is a wonderful section in my Triad NC Home Buyer's Primer on the advantages and disadvantages of townhome/condo living. Would you like to have a FREE copy so you could learn more about it? Order FREE Triad NC Home Buyer's Primer!

Click here to order our FREE Triad NC Home Buyer's Primer!

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If you like our web site and find it helpful, let us know!

Kay Hunkins - Consultant,
HomeBuyer Coach & Appraiser

Burlington, Greensboro & Triad area, NC
336-686-2177   Toll-free: 1-888-315-7284
Fax: (Toll-free) 1-877-273-2689
Websites: www.khunkins.com
                   www.TeamKHomes.com

E-Mail: Kay@khunkins.com