What’s the Difference Between a Condo, Townhouse, and Single-Family Home?

Each type offers distinct benefits and lifestyle considerations. A condo typically means you own your unit’s interior while sharing ownership of common areas and amenities. A townhouse gives you ownership of both the interior and exterior (including the lot beneath), but it may still include HOA fees and shared walls.

A single-family home offers the most privacy and land but usually comes with higher maintenance responsibilities. In my experience, the right choice depends on how you live. Condos and townhomes appeal to those seeking low-maintenance convenience, while single-family homes attract buyers who value space and independence.