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

How are the properties attached? Town homes and condos are always physically attached in some way to other town homes or condos in the development. If the property is not attached to another property, it is a single family home (or house). If the property is attached on one (or on either) side to another property – but it doesn’t have a property above or below it – you are most likely looking at a townhouse. If the property is attached to other properties on at least one of its sides and has a property above or below it, you are looking at a condo.

Does ownership of the property include the land it sits on? With town homes, the owner owns the land under the town house as well as the air space over the town house. In this case, the property is recorded with a tax map number separating the town home lot from the other town homes in the same development. Condos are different because the owner owns the condo but has no separate ownership of the surrounding land. Condo owners have a percentage ownership in the land that their condo sits on, but their portion of land ownership can’t be separated or distinguished from all the other condo owners’ shares.

Can a property be considered both a condo and a townhouse? No. A property should legally fall into one of the two categories. Occasionally you will find a property that looks like a town house because it will not have properties above or below it, but it still will be considered a condo legally. This is because the property doesn’t have land to convey with the sale of the home. This type of situation is common in areas where the city will not allow a lot to be subdivided. The deed restrictions will stipulate the lot division between the condo units, but the property will share a lot or tax map number with the other properties in the building.

What if I can’t distinguish the property I plan to buy? Since all of this can be confusing to even an experienced buyer, I suggest talking with a knowledgeable real estate agent. And, if it’s a questionable property, it would be a good idea to talk with a real estate lawyer before closing on the property.

Selling a townhouse is a lot different than selling a traditional home. People in the market for a townhouse will be a lot different than buyers searching for a stand-alone home. A townhouse offers a range of benefits that a traditional home cannot offer. Ensure real estate agents for you not only have experience in selling houses, but also have the knowledge and resources available to sell your house will make a difference in how quickly your house sale.

A townhouse appeals to many different homebuyers because they do not have the upkeep of a home with its own yard and property. Having less property means that the overall price of the house is more affordable to younger buyers. Young couples or families will be the majority of the market for your home. Couples like this or even singles are used to living in apartments so the townhouse has the same feel as this when it comes to the neighborhood itself.

A traditional house complex with a gated entry, neighborhood amenities, and great to meet other people around you. real estate agent you know that these are the main selling points. Who would not want the security of a gated entry and convenience of a swimming pool for use whenever you want without the maintenance costs and maintenance.

Your real estate agent will have a large customer base already that are in the market for specifically a town home which is perfect for you when it comes to wanting to sell your own. Townhouses are usually located in prime areas that are close to restaurants, hospitals, shopping, and other luxuries that many normal houses can’t offer. This is a key selling point to younger and older people alike. Trying to sell a townhouse on your own is hard because it is hard to reach out and advertise that your house is on the market and be cost effective at the same time.

Your broker will ensure your home is being viewed by anyone in the market for a house that fits the criteria of your townhouse. Expect your home to be well marketed and expect your real estate agent to arrange open houses and viewings as often as possible so that you can get your house sold and be ready to move on to your next home.