What is the difference between a condo and a house?

It’s in a shared building or a complex, and it’s usually much smaller in square footage than a house. A condo board or homeowners association (HOA) owns and maintains the exterior of the building and all the common areas like parking garages, swimming pools, the clubhouse and maybe a gym.

What is a condo in real estate?

A condo, short for condominium, is an individually owned residential unit in a building or complex comprised of other residential units. Condo owners share a common space and often pay association fees to maintain the common space, amenities, and other shared resources. What Is the Difference Between an Apartment and a Condo?

Is a condo a home solution?

Then a condominium, or a condo, may be the home solution for you. But what is a condo? “Apartments are defined as renter-occupied units, while condo buildings have owner-occupied units,” says Amanda Pendleton, home-trends expert at Zillow.

What is a standard Condo home?

A standard condo home is a residential property where the portion of the building an owner owns consists of the interior of their home. When you own a single-family residence, or what you may traditionally think of as a house, you own the dwelling and the property it sits on. Condo homes can also be used as a primary residence.