Downing Frye Realty Inc.
Molly Eovino, Downing Frye Realty Inc.Phone: (239) 537-5100
Email: [email protected]

Townhouse or Condo: What is the Difference?

by Molly Eovino 10/20/2019

Are you thinking about buying a townhouse or condominium? There are some notable differences between a townhouse and a condo that you must know before choosing. Understanding them will enable you to decide on the one to go for, whether a condominium or a townhouse. 

Townhouse 

A townhouse is a tenant-owned conjoined unit. They are structured architecturally like row houses where owners share one or more walls. 

Condominium 

A condominium is also known as a condo. It is a building or collection of buildings in which individuals own different units instead of a landlord. 

Having defined a condominium and a townhouse, let’s take a look at some factors you need to take into consideration when selecting one between the two. Here are the differences between a condo and a townhouse. 

Ownership

When it comes to ownership, condo owners own the unit’s interior only. All other areas of the building belong to the Homeowners Association (HOA). On the other hand, most townhouse owners own both the interior and the exteriors of their units. The exterior includes the lawn and driveway. 

Architecture 

Architecturally, condominiums are versatile. They come in diverse styles. Condo may be part of a cul-de-sac of cottages or part of a high-rise. Townhomes exist in rows; therefore, tenants usually share at least a wall. Townhouses can have two or more stories. 

Community

Condominiums have a focus on communal living facilities like a pool, golf course, clubhouse, and other similar amenities. Some townhouses feature the same kind of amenities as condominiums while others do not. 

Size

Condos come in diverse sizes and styles, and they are generally smaller when compared with townhouses. Townhouses are usually much more substantial than condos.

Maintenance Fees 

Condo owners pay a maintenance fee that is higher than of townhouses. The charges go towards repairing the exterior and community space. Townhouse owners pay an owner maintenance fee monthly. 

Privacy

Condominium could be an apartment-style unit or individual private homes depending on the styles while townhomes share at least one wall with adjacent units. Townhouse does not have units below or above them. 

Home Insurance 

Rates For condominium owners, home insurance rates are lower owners insured the interior of their units only. Insurance rates may be higher in townhouses because the insurance must cover both the interior and exterior of the units.

Choosing which is right for you between a condo and townhouse depends on your family, budget and long-term plans. Contact your realtor today to discuss what option suits you best and how to prepare for it.

About the Author
Author

Molly Eovino

Except for a short time, I was a permanent resident in Cedar Rapids, Iowa. The heart of the Midwest!  I visited Naples for 30 years, as my parents lived here, watching the community grow from a fishing village to a destination in SW Florida. When my last college bound child hit the University of Iowa in 2001, I hit the road!

I brought with me over a decade of experience in Real Estate, excellent education, and a broad range of interests to jump into the Naples scene with gusto! I "speak" golf and tennis, theater and location/mapping!

In Naples, you will find that nearly everyone is from somewhere else! As a result, your friendships will span the nation and globe, with immediate contacts in England, Germany, France, the East Coast, and the Midwest! Once visitors have experienced Naples, they want to call it home, and then "visit" where they originate from! I am no different, and have tried to learn as much about the town and all it´s history and activities to feel like a native!

I promise you a city tour to help you fall in love with the flavor of Southwest Florida, from the lure of the beaches, morning and sunset, to the different types of golf (equity or bundled). May I interest you in the gourmet flavors that abound, from food to entertainment?

As an active community volunteer in Iowa, I worked on Junior League fundraising events, the Cancer Crusade, March of Dimes, and Kidney foundation drives, and was extremely active in the school committees involving sports (football,basketball, track); cheerleading; and 4 years of show choir productions, Concert Choir, and Madrigal Singers!

Naples has already found a nitch for me in the Naples Players Theater, where I volunteer as a backstage dresser to advance their enthusiastic cause!  I just haven´t gotten on stage...  Growing up in a musical environment,Broadway shows in Naples keep me humming.

The Naples Children & Education Foundation draws my heartfelt attention& volunteer hours  from summer months to the annual Naples Winter Wine Festival in late January.  Their mission statement "supports effective, disciplined charitable programs that significantly improve the physical, emotional and educational lives of underprivileged and at-riskchildren in Collier County, Florida".  As a non-profit organization,the wine festival raised nearly $12 million during the 2019 event! From helping with mailings, to what I call the "quilting table of many hands" for events, I've met many like-minded friends, who believe it's all about the kids!

My educational background spans a multitude of areas, but now they all concentrate on improving my real estate performance. It includes:
BA degrees in Psychology & Vocational Rehabilitation from the University of Northern Colorado.
Mediation Seminars for the Iowa Farmer-Creditor Mediation Services.
Real Estate License in Iowa, REALTOR® 1988
Graduate of the Realtor´s Institute (GRI) 1992
Certified Residential Specialist (CRS) 1994
Accredited Buyer Representative (ABR) 1999-2018
Licensed Broker-Associate, Florida, 2001
Certified Distressed Property Expert (CDPE) 2009
Certified Investor Agent Specialist (CIAS) 2012
Resort & Second Home Property Specialist (RSPS) 2016

As you can tell by my "personal resume", we will become friends as well as business associates. I enjoy teaching my customers Real Estate-ese so that you can make an educated decision regarding your first or second home, or your new rental property. The market in Naples is excellent, and truly is a beautiful Paradise! With year-round tropical temperatures and deep blue skies, I hope that you will agree that I provide

"Midwest warmth in the Naples sunshine"!