Townhouse vs Duplex vs Condo
5 Major Differences You Need to Know
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The “American dream” typically features the single family detached home,
with the allure of privacy, yard space, and a white picket fence.
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But there are many other options for home-ownership that are less talked about that may be a better fit for you and your family.
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There are many different alternatives to choose from, such as
townhouses, duplexes, and condos
.
Each comes with advantages and disadvantages, and the best one for your depends on your needs and situation.
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What is a Duplex?
A duplex in real estate is typically a single structure with two separate units sharing a common wall.
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Typically, the entire duplex is owned by one person and is purchased with a single mortgage.
Since a duplex is generally less expensive that two single-family houses, you can live in one side and rent out the other.
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A townhouse is typically a 2-or-3 story home that shares walls with its neighbors. Usually there will be multiple townhouses in a single structure.
What is a Townhouse?
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where you own the unit itself and the land it sits on.
The major difference between a townhouse and a duplex is that a townhouse is considered a single-family attached dwelling
,
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