A condo is a type of housing in which multiple individuals can own units and share common areas. A house, on the other hand, is a single-family unit that one individual or family owns. There are several key differences between condos and houses, which this blog post will explore. Stay tuned to learn more!
What is a House?
A house is a structure that provides shelter for a human family. It is typically a single-story building with a roof and walls made of wood, brick, or stone. Houses have doors and windows to allow light and air to enter, and they usually contain a kitchen, a living room, and bedrooms. The word “house” can also refer to a group of people who live together, such as a family or a community. In this sense, a house is a place where people feel safe and protected. A house is more than just a roof over your head—it’s a home.
What is a Condo?
A condominium often shortened to condo, is a type of real estate divided into several units that are each separately owned, surrounded by common areas jointly owned.
- Condominiums are a popular housing type because they usually have many amenities such as a swimming pool, clubhouse, and fitness center that you wouldn’t find in a traditional single-family home.
- Buying a condo allows you to own your own home without having to worry about exterior maintenance because that is typically included in your monthly condominium fee. Condos can be found in both urban and suburban areas and come in a wide range of prices and sizes.
- When searching for a condo, it’s important to keep in mind what type of lifestyle you are looking for and what amenities are most important to you. Whether you are looking for a place to retire or a starter home for your young family, a condo might be the right housing choice for you.
Difference between a House and a Condo
There are a few key differences between a house and a condo. One of the most obvious differences is that a house is a stand-alone property, while a condo is part of a larger building that is shared with other condo owners.
- This often means that condos have more shared spaces than a house, such as a gym or a laundry room.
- Another key difference is that a condo owner only owns their unit, while a homeowner owns the entire property, including the land it is built on.
- This can make condos more affordable than houses, as you don’t have to pay for maintenance and repairs of the exterior and common areas.
- Finally, condos are governed by a condo association, which is responsible for managing the property and setting rules for residents. Houses do not have this type of governing body.
All of these factors should be taken into consideration when deciding whether a house or condo is right for you.
Conclusion
Houses are typically larger and have yards or gardens. Condos are smaller with less outdoor space. Houses can be customized to your needs while condos usually come furnished with some restrictions on customization.
