Townhouses Vs Condos

Town homes and judge are so similar that people often confuse them or use the two terms interchangeably. So I've included a number of questions you can ask yourself when you're visiting properties in order to distinguish judging from townhouses.

How attached properties? Town homes and the judge is always physically linked somehow to the other town homes or judge in development. If the property is not linked to another property, it is a single family home (or house). If the property is attached on one (or both) side to another property - but it is not a property above or below it - you are most likely looking at a townhouse. If the property is linked to other properties of at least one of its sides and has a property above or below what are you looking at a condominium.

Is the ownership of the property includes land it sits on? With town homes, owner why the townhouse and the airspace over the town house. In this case, the property occupied by a tax map number is different town home lot from the other town homes in the same development. Condos are different because the owner owns the apartment, but has no separate ownership of the surrounding land. Condo owners have a percentage ownership in the country in their condo sits on, but their share of ownership of land can not be separated or distinguished from all the other condo owners' shares.

Can a property be considered both a condominium and a townhouse? No. A property legally fall under one of two categories. Occasionally you will find a property that resembles a town house because it will not have properties above or below it, but it will still be considered a condo legally. This is because the property will not have land to convey with the sale of your home. This type of situation is common in areas where the city will not allow a lot to be subdivided. The deed restrictions must be explained by the party split between condo units, but the property will share a lot or tax map number with the other properties in the building.

What if I can not distinguish the property I am planning to buy? Since all this can be confusing to even an experienced buyer, I propose to speak with a knowledgeable realtor. And if it is a questionable property, it would be a good idea to speak with a real estate lawyer before closing on the property.