whats the difference between condo's, duplexes, and town houses?

Answer 1

A condo is any type of building that has the building and the grounds held as "community property", and each unit (you only own the inside of your unit, not the supporting structure) pays a monthly fee for upkeep of the property.

Duplexes are two houses stuck together on one side, or looked at the other way, one house split down the middle into two units. Each side, structure and property belong to the respective owner.

A town house is a unit that is located in a row of houses all stuck together. The structure of your own unit, and the property at the front and back of it, belong to you as the owner if the property is "freehold". There are also quite a lot of condo town houses, where you would own your unit, but the structure and the property it sits on belongs to the condo corporation (all the owner in a group). You would pay monthly fees for the upkeep of the structure and grounds.

Answer 2

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Condo is a nickname for condominium. It's a unit in a complex/building in which you actually own the space within your walls. You buy it, have a mortgage or not, pay a monthly maintenance fee and share common ground with the other owners. A duplex can be two different things, depending on local usage. Generally it's a 2 family house, with a single owner. Sometimes he lives in one unit and rents the other -- they can be up and down or side by side, but he might rent both units. A triplex is the same thing with 3 units. Some places they call that a 2 or 3 family flat. Up to 4 units would be a flat; 5 or more is an apartment building. BUT some places call the individual unit a flat. And a duplex is a two story apartment or flat. A town house is a house with little or no land. It might be a condo complex (that's what I have, with a small yard in front and back) or it could be part of a row of houses, each with a different owner. In row houses, each owner is responsible only for his residence. They may have yards, but not always. A cottage is just a style of house. Here we call a small single family home with one or one and a half stories a cottage. An apartment is a series of rooms in a building that you can rent.

Answer 3

Duplex Condo

Answer 4

A condominium is like an apartment you buy. It could be a town house or a duplex or simply an apartment. It would probably never be a single-family dwelling in the traditional sense, as condominiums are normally managed properties.

Duplexes are two-family buildings. They can be part of a condominium complex, or could be owned by one resident and rented out to the other, or they could be owned and rented out to people other than the owners.

Townhouses are homes or apartments joined together in a row with common walls between them. They are normally two or more stories. They can be single-family dwellings owned as a non-managed property.

Condos describes the ownership, while duplex and town house describes the style of dwelling.

Answer 5

A condo is a house where you own the interior of the structure, however the outside is owned and maintained by a Condo Association. There is no ownership of the land, per se.

A duplex is two "single family homes" that are attached to each other with 1 common wall. The house and real property are on one deed.

A townhouse is one of several attached structures, similar to duplex. yet, generally, there are more than two. Also, townhomes usually belong to an HOA (homeowners association). Also similar to duplex, the land and structure are one deed. Hope that helps!

Answer 6

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RE:
whats the difference between condo's, duplexes, and town houses?

Answer 7

A Condominium is a Legal Entity in its own right. A Condominium Association may own various kinds of Real Estate such as Multi Family Housing, Town Houses, Duplexes,
Cabanas, Swimming Pools, Saunas, Jacuzzis, Tennis Courts,
Parks, Security Installations, Garages, Car Ports - you name it.

Answer 8

It's not quite black and white. Townhouses do NOT have to have one owner OR pay fees to keep the upkeep.

I lived in a townhouse before where each person could do what they wanted. We all had seperate mortgages on our property, there was no owner of the building or main tenant, we all had different homeowners insurance, etc. We mowed our own backyards, and there was no front yard (just gravel). No one had to pay fees outside what you would in a general house (water, electric, etc.)

Answer 9

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