Townhouse condo, townhome condo, freehold condo, condominium residence aren't they all the same? There seems to be some confusion about the differences between them and to make the complexity more befuddled if you google all, you will see what I mean.
So, in London Ontario and area, Realtors, builders and lawyers generally define them as the following:
- Townhouse Condo: Can be attached or detached, single floor or a two or three storey
- Town Home Condo: Usually detached, more upscale and freehold or a general condominium corporation
- Free Hold Condo: Detached, you own the land and are responsible for your roof, windows, doors, and you pay a nominal fee to the condo corporation for road maintenance and common grounds.
- Condominiums: Can be apartment residences as well as a townhouse and a townhome. Below are all three that are listed for sale in London Ontario and area.
Now, before anyone wants to nitpick me on the above descriptions, I have helped hundreds of buyers and sellers of condos in London, and these definitions worked for them. Take note that your lawyer and the status certificate of the condo corporation and the property you are buying or selling is defined quite clearly in all documents and ownership is defined.
A professional Realtor will have already verified that for you, but then, what do we know, we are out seeing condos every day!
Where To Start?
Most start by going to MLS and picking up all the real estate magazines they can get their hands on & going to open houses or model homes.
That's an excellent way to get a feel for price and style. But then what? What about specific condo rules, fees and financial stability of the condo corporation, amenities and other questions that should be very important for you to know?
Another alternative is to take advantage of our knowledge and experience with condos & houses in London Ontario and area. Daily, our associates view quite a few condos in London and area & are quite familiar with price, quality, safe neighbourhoods and know the better run condo corporations and some to avoid.
Do you use up a tank of gas or spend hours on MLS going through hundreds of listings?
What about if you could first know what you can get in your price range, learn about the styles, even locations?
Even some common sense ideas?
Below are links to some but not all townhouse condominium residences (townhomes, attached and detached, one floor and more) in London Ontario by price range.
$200,000 to $300,000
$300,000 to $400,000
400,000 to $500,000