First-time home buyers may find it tricky to choose between a townhouse and a condo. However, it is worth noting that each accommodation type has its peculiarities and appeals to people differently. For your accommodation needs in Mississauga, Ontario, check Condomapper for Port Credit condos for sale. But first, let’s walk you through five differences between condos and townhouses to help your decision.
- Townhouse vs. Condo Settings
A condo (or condominium) is a residential unit that is a part of a larger building with varying layouts. Generally, there are several condo units in a building. Some units are above others (on different floors) while some are adjacent to others on the same floor. Condos can be found in both urban and suburban areas.
Condo units are often owned by individuals and may be sold to occupants at the landlord’s will.
A townhouse shares the features of a condo and a single-family home. Townhouses are usually two or three-story units separated by a fence and outdoor space from similar units within the housing complex. The dining, living room, and kitchen are often located on the bottom floor, while the bedrooms and other private quarters are found on the upper floors. Occupants of townhouses are mainly tenants. However, in some cases, some townhouses can be permanently purchased.
Townhouses tend to have more outdoor space per unit compared to the condo. Often, the owner of the townhouse also owns the land surrounding the property. As a result, a townhouse offers more space for families and gives tenants more control over the outdoor space. For example, tenants can decide to take care of lawns by themselves or hire a local gardener. Starting a backyard garden is more feasible in a townhouse setting than in a condo.
Living in a condo unit means you will have to share outdoor amenities with others. Condo occupants also share the cost of maintenance of shared facilities. However, occupants are responsible for the maintenance within their units. Because outdoor amenities are shared, some restrictions on use may be imposed so every condo occupant can equally enjoy those amenities.
Due to the semi-detached nature of townhouses, they offer more privacy than condos. Since you don’t have to share outdoor facilities with neighbors, you can better control how you interact with your neighbors.
In condos, you will always have to interact with neighbors on the same floor or building as you share some outdoor amenities. If you are new to a community and don’t mind meeting more people, having a condo is a good idea.
- Homeowners Association (HOA) Fees
Since the HOA does not actively manage townhouses, the fees are very low. However, townhouse occupants will be responsible for indoor maintenance and some outdoor maintenance charges. In condos, occupants take care of indoor maintenance while the HOA manages outdoor maintenance.
- Rules and Regulations
Because occupants in condos share some amenities, stricter accommodation rules are enforced to help them enjoy their accommodation. There could be restrictions on pets, noise, or music. Also, since HOAs are more involved in the management of condos, there are more restrictions on landscaping and shared facilities than in townhouses.
Condos and townhouses are both great housing options that appeal to different types of people. It would be best if you chose which one suits your lifestyle and present family situation. Check out great deals on Port Credit condos for sale.