I know buyers always get condos and townhomes confused. Our MLS doesn't make it any easier in considering that a townhome is a "single family residence," and a condo is a separate category.
Here's the dirt: Condo unit owners own the inside of their units. Townhouse owners own the complete unit, including exterior surfaces and the land on which the unit is built. A single family residence is a category including attached and detached homes that the homeowner owns the land the home sits on.
I thought this was nice and easy to remember.
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