Townhouses and condos are two options for those looking to buy a home but don’t want or can afford a traditional home. Although these two types of properties are very similar, there are some differences that a potential owner should consider. Which of the two types of property is best is a personal opinion, and each buyer will have to decide for himself?
Cost And Taxes
Condos generally cost less than townhouses with comparable living space. This is because the condo owner owns less property than the townhouse owner. While the owner of a condominium generally owns only what is within the walls of the apartment, the owner of a townhouse owns everything from ceiling to the floor below the house. Although they usually cost more, monthly fees are often less than those of a condo.
Both townhouse and condo owners usually have access to common development areas, but townhouse owners often have a private outdoor area. For example, they usually have a small garden and a private terrace or balcony. Although these spaces are not large, a private outdoor area is a bonus for those with small children or pets, or for owners who want a little privacy.
Condo associations often have stricter standards than townhouse associations. This is because Condos near bts (คอนโดใกล้bts, which is the term in Thai) have more shared space. For example, condos do not allow dogs or restrict dog size. Townhouses do not have these restrictions. Although a townhouse owner must follow some guidelines, they can also make changes to the exterior of the home.
Since townhouse owners have more ability to customize and update a property, it is easier for the property owner to differentiate it from the nearby competition and to have a better price. For a condo seller, lowering the price is the only way to compete with other condos for sale in the development. Since lenders consider townhouses as single-family homes, it may be easier for buyers to finance a home.