Real Estate Resource Podcast

What are the differences between Townhouses, Condos, and Houses? Think Form of Ownership - Condos – The only thing you own is airspace! Well, you own a little more than that (such as the interior finishes and wall space). Everything else is owned by the association. The association owns the elevators, and common areas.                 Things to consider when buying:                                 Association dues                                 Amenities                                 Reserves                                 Pending projects                                 Insurance   Fun fact: On the east coast no one refers to them as condos. They are called apartments. Why? Well you own an apartment rather than rent.   Townhomes – You own land! In respect to townhomes you actually own land.   Townhomes are usually a series of connected homes that share walls with your neighbors. You still are likely have an association and this varies from project to project. Some townhomes have event centers and p