what is the difference between a condo or townhouse?
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A condominium is similar to an apartment in that it's an individual unit residing in a building or community of buildings. But unlike an apartment, a condo is owned by its resident, not rented from a landlord. A townhouse is an attached home also owned by its resident.
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One big way condos are made quieter than apartments is with townhome-style floor plans -- if you occupy multiple stacked floors, there is no "upstairs neighbor" noise, which is usually the type that penetrates the most. ... More apartments are build to the code minimum than condos.
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The main difference between a townhouse and a villa is how they appear. A townhouse is a residential house that emphasizes the terraced portion while a villa is a compound complete with the amenities you want. ... Townhouses are constructed in the cities or near the cities. Townhouses are also usually built in complexes.
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The technical difference between a residential and commercial property is as follows: Residential real estate is all single family homes and one to four unit rental residences while a commercial property is anything with five or more units.
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The main difference between apartments and townhouses is size. Townhouses tend to be larger—often with two or more bedrooms. ... Townhouses, however, are similar to apartments in that they usually share at least one wall with other townhouses that are part of the complex. Not all townhouses are semi-detached.
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TOWNHOMES :: Townhomes are typically clusters of attached homes. In the Dallas area, there are often 3-5 townhomes attached to create one larger building. ... PATIO/GARDEN HOMES :: The terms “patio home” and “garden home” can typically be used interchangeably. These are zero-lot line homes that are detached.
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An apartment, also know as a flat or condo, is a self-contained housing unit, a type of residential real estate, that occupies only part of a building. The building is usually two or more floors. A suite is a set of rooms designated for one person's or family's use or for a particular purpose.
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Condos are often cheaper than townhouses because they come with no land. ... Monthly cost and maintenance are the defining features of condos. Like townhouse owners, condo owners pay monthly HOA fees, though these fees are significantly higher.
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The two main differences between an EC and a condo are ownership restrictions and prices. First of all, an EC is considered to be a private property only after the 11th year, whereas a condo is private property right from the start. For example, unlike an EC, private condos do not have a minimum occupation period.
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As opposed to apartment buildings, townhouses do not have neighbouring units above or below them. They are similar in concept to row houses or terraced houses except they are usually divided into smaller groupings of homes.
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A flat (British term) and an apartment (North American term) are the same. A flat or an apartment is one unit inside a larger building that may contain more flats or apartments. A house is an independent dwelling set on its own property. ... A house is usually a free standing structure.
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Planned Unit Development ~ PUD can be attached or detached units and is a form of a type of building development with a Master Plan. ... Again, the main difference between a PUD townhome and a condominium townhome is that in a PUD, you own some land. In a condo, you don't.
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A townhouse or townhome is a single family home that shares one or more walls with other independently-owned units. They are often rows of uniform homes, two stories or taller. Residents own their interior and exterior walls, lawn, and roof, as well as the insurance for both their home and property.
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Townhouses (sometimes called row houses) are usually attached with a common wall to your neighbor. ... Cluster homes are single family homes, each with their own piece of land although the land area is quite small compared to traditional single family homes.
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Cluster homes vs. townhouses. Townhouses (sometimes called row houses) are usually attached with a common wall to your neighbor. ... Cluster homes are single family homes, each with their own piece of land although the land area is quite small compared to traditional single family homes.
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Suburbs are large residential areas that surround main cities, while urban areas refer to core areas of cities. Urban areas tend to be densely populated when compared to suburban areas. Urban areas tend to be a lot more crowded than suburbs. ... Property taxes are higher in more expensive areas of the city.
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Let's cut to the chase: Yes, condos are a fine investment. You just don't want to get a junky one that's poorly managed. ... Don't get us wrong: Buying a condo is still one of the most expensive purchases you could ever make. But a condo is typically tens of thousands of dollars cheaper than a single-family house.