In Jupiter, Florida, there is no shortage of condos and townhomes. You may be wondering, what’s the difference? Check out this post to find out!
If you’re considering purchasing a condo or a townhome, you need to be aware of the distinctions between them. To start, a condominium is a building or complex of buildings containing apartments that are individually owned. A townhome is a single story, or multi story home attached to a similar home by one or more walls.
Now, let’s get into the specifics…
HOA Fees
Condos usually have higher HOA fees since exterior upkeep is included. In townhomes, homeowners are responsible for more of the upkeep, so the HOA fees are less. Still, trash removal and some maintenance is covered by townhome HOAs.
Community
In terms of the community feel, condos tend to be more community based, with more amenities like a clubhouse, pool, or golf course. While some townhome neighborhoods also have these amenities, others may be much more private.
Ownership
Typically, an owner of a condominium only owns the inside of their home. But in a townhome, the owner owns the exterior as well as the interior. This can include the roof, lawn, and driveway, but not the communal areas. In a condo, these features would be owned by the Homeowner’s Association.
Home Insurance Rates
Since condo owners only have to insure the inside of their home, insurance rates tend to be lower than in townhomes. Owners of townhouses need to cover both interior and exterior.
Size
Although not true for all cases, condos are usually smaller in size than townhomes. Townhomes can be much larger and have multiple stories.
Privacy
Condo communities can be made up of individual units or apartment-style homes. Townhomes are typically connected to each other by one or two walls with no units above or below them.
Are you interested in condos or townhomes in the Jupiter, Hobe Sound, or Palm Beach Gardens areas? We’ve got you covered! Our expert team will help you find your dream home that exceeds your every need! Give us a call today to start the journey to finding your perfect paradise!
Contact us at 561.406.5228 or email hello@meyerlucas.com
