Condos Vs. Lofts Vs. Townhomes

Attached lifestyle structures include three major categories, condominiums, townhouses and lofts in most areas. Here are the basic differences between them:

downtown-phoenix-condos

Condominiums –  A condominium buyer owns the space inside their individual unit. All of the common areas, such as parking, land, building structures, pools, clubhouses, etc. are commonly owned so each owner has a percentage of ownership. A condominium owner membership association makes decisions, collects dues, and manages the project.

Herro-002

Townhomes –  Townhouse owners own their individual units and the ground beneath them. Similar to condominiums, townhouse owners pay dues and an association manages the project. The dues pay for maintenance of common areas.

third-ave-lofts

Lofts –  Lofts originated as large open space units above commercial or industrial spaces. Or, they were commercial or industrial buildings totally converted to residential use. Loft living has evolved and is currently defined as any apartment–like unit utilizing open floor plans, large windows and exposed fixtures in an urban setting.

Each of these lifestyles are enjoyable and offers its own benefits and drawbacks. Contact CondoAgent007 if you are in the market for a condo, townhouse, or loft.

Advertisements

One Comment Add yours

  1. Alex Dean says:

    My husband and I are wanting to move out of my parent’s basement and into our own space, and we were thinking about moving into a townhouse. It’s good to know that we would have our own unit plus the ground beneath it, and that the due would help pay for maintenance. It’s also nice to see the difference between condos, townhouses, and lofts just in case we figure out that a townhouse isn’t for us.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s