Condo vs. Townhouse — What's the Difference?

Condos are characterized by individual ownership of units within a complex and shared ownership of common areas, such as lobbies, gyms, and pools. Conversely, townhouses are individual multi-level homes that share walls with neighboring units but generally come with the exclusive ownership of the unit and the land beneath it.

In terms of architecture, condos can vary widely, existing in high-rise buildings, apartment-style complexes, or even detached homes within a governed community. Townhouses, however, are usually designed in rows, sharing one or two walls with adjacent units, and have their own separate entrances. This architectural difference often means townhouses offer more privacy and space, including private outdoor areas, compared to condos.

Ownership of a condo mainly involves the interior space of the unit, with the building's exterior, land, and common facilities managed by the HOA. This can limit individual owners' control over these areas but reduces maintenance responsibilities. Townhouse owners, while they may have an HOA, typically have more control over their property, including the exterior and any yard space, albeit with the responsibility for its upkeep.

The decision between living in a condo or a townhouse can depend on lifestyle preferences. Condos often appeal to those seeking a low-maintenance lifestyle and enjoy living close to urban centers, while townhouses might attract those looking for a more traditional home feel with some benefits of communal living, such as shared amenities and community events, but with more autonomy and space.

Both condos and townhouses can offer community living with shared amenities and the possibility of an HOA managing property maintenance and services. The choice between them often hinges on the buyer's priorities regarding space, privacy, ownership extent, and maintenance responsibilities.