What's the difference between a townhouse and an apartment?

Townhouses frequently include a small plot of land, whereas apartments don't. Because townhomes are not as densely packed as apartments, you, as a landlord, generally charge more to recoup your investment. Some townhouses have association fees, which can be paid directly to the HOA or indirectly through the tenant's rent payments.

Should you rent a townhouse or an apartment?

Townhouses and apartments are both solid choices for renters. Focus on what's essential to you. A townhouse is an excellent choice if you want more space in a quieter setting with great amenities, while apartments can be a great option for those who want to live in the heart of a major city.

What is the difference between a condo and a townhouse?

A townhouse is a style of unit, and therefore can't be directly distinguished from condos. Indeed, the two typically share one or two walls and have an HOA that dictates much of what goes on in the community. However, townhomes can either be part of apartment complexes or they can be purchased by an owner as an indepednent unit.

Is a townhouse better than a house?

Limited freedom: you are still bound by bylaws, but these tend to be more relaxed than apartment complexes. Price: townhouses are cheaper than houses. Location: buying a townhouse closer to the city or beach, or in a competitive real estate market is more affordable than buying a house.