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What’s The Difference Between A Townhome And A Condo?

A townhouse is typically an attached house or building with multiple units, generally built on one lot. Sometimes they are called row houses. A condominium is different because it is not attached to any other buildings. The major difference between a townhome and a condo has to do with what you own. With a townhome, you usually have some ownership of the land your home sits on while in a condominium you only have rights to use the land but not own it outright. This article explains the difference between a townhome and a condo.

Difference between a Condo and a Townhome

A condo is different than a townhome because it is not attached to any other buildings. It’s usually an interior unit in a multi-unit building. Townhomes are often referred to as row houses and can be an attached or detached home, depending on the type of townhome you are looking for, investigate this site.

While condos often do not have a yard or even space large enough to grow plants, many people think that the lack of outdoor space gives them a sense of privacy and calm.  Townhomes often have ample outdoor space, giving you room to grow plants and play in a yard.

In addition, condos come with more amenities than townhomes because it is attached to other buildings and are inside the Singapore city limits whereas townhomes may be located outside of the city. Townhomes can also be an apartment if they are attached to another building and not necessarily a home.

Why do people choose to purchase one over the other?

Townhouses: Townhouses are popular because they represent what most people want out of their home; a private abode with outdoor space. The best way to think of a townhome is as an apartment that also comes with its own yard.

Developers often prefer the condensed look and feel of townhomes, which allow for more units to be built on one lot than individual single-family homes would allow for. And since residents have so much outdoor space, lawn care is usually not something they need to worry about either. If you live in an area where there’s some type of public transit or a super market nearby, this may be a great option as well, since these amenities would require less driving and more walking.

Condominiums: Condominiums are often placed in high traffic areas, such as downtown cores or shopping malls. They tend to be smaller than townhomes and single-family homes because they take up less space on the lot.

Another benefit of condominium living is that they allow more frequent turnover of occupants; these buildings usually have people coming and going that are not long term residents. This turnover rate allows for a greater variety of people living in the building, which often lends itself to a more social experience among residents.

This type of living is also beneficial to those who have less income or trouble getting approved for mortgages because they can be much cheaper than townhomes or single-family dwellings.

Final Thought:

If you are looking for a more secluded home, consider the option of purchasing a townhome. If you want to be close to amenities and have easy access to public transportation, then consider buying a condo in the Singapore city.