Today we explore the legal differences between single family homes, condominiums and townhomes.
There are benefits and drawbacks to the various property types available in our real estate market. Make sure that the one you choose matches with your lifestyle.
Single Family Homes
The homeowner takes more responsibility in a single family home, but also gets more freedom.
Condominium
In this case, you own the airspace. Aside from what is actually inside the walls of your home, an HOA will be in control of just about all other elements of your home. Of course, this comes with a monthly HOA cost.
Townhome
Also usually existing within an HOA. However, usually you share at most 2 walls with neighbors.
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