What is the difference between a freehold and condominium townhouse?
The main difference between the two is what is included in the unit. With a freehold townhouse you own the land and the structure, as well as everything inside. You are responsible for the upkeep and care of both the interior and exterior, as well as the roof, the driveway, the garden and the garage. You monthly condo fees will go towards the maintenance of all common areas, including visitor parking.
With a condominium townhouse you own the interior of the house, but the exterior and the land are considered to be part of the common areas. This means that all repairs needed to the exterior walls, windows, roof, gardens, driveways and lawns are the responsibility of the condo corporation. Monthly condo fees are usually higher, as there are more things to pay for.
If you enjoy doing your own gardening, don’t mind shovelling the driveway and want the freedom to change the windows to ones that suit your needs than you are probably better off buying a freehold townhouse. If you are older or work long hours than a condo townhouse may be the right option for you. There is less hands-on work involved in maintaining your house. You don’t have to worry about the driveway being shovelled, the leaves being raked or the grass being cut, as it is all taken care of for you.
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