Townhouse versus Condo South of the River Real Estate

What’s the Real Difference between a Townhouse and a Condominium?

New Townhomes were built all through Apple Valley, Rosemount, Lakeville and Farmington during the booming market.    Many of those complexes are classified as Condominiums instead of  Townhouses.  There can be some challenges when buying a Condominium or Townhouse, specifically the financing of a Condo can be more expensive than a Townhome.

The difference is Townhome owners hold title to their units and the land beneath them,  owning the land is the reason townhomes are not stacked on top of each other.   Townhome owners have exclusive use of the association common areas and  Townhome owners pay property taxes on their individual units.

Townhomes versus Condos South of the River Real Estate

Condos or Townhouses?

Individual Condo owner hold title to the condominium unit only, not the land beneath the unit, so condos may be stacked on top of each other.  Condo owners have a proportionate share of the interest (ownership) and use of common areas. Common areas include land, the exterior of buildings, hallways, roofs, swimming pools and any area used by multiple owners. Condo owners pay property taxes on their individual units too.

Additional information can be found on the Minnesota Office of the Revisor of Statues, it’s a grueling read but offers lots of information.  For specific questions about your townhouse or condo, just click here, we’ll be happy to help.


Merry Christmas and Happy New Year!
Tempor placerat pid penatibus eros facilisis rhoncus magna non sed dis risus. Ac ut! Vel vut enim porta lectus est habitasse egestas in. Augue dapibus odio! Rhoncus porttitor scelerisque sagittis, elementum magna, vut scelerisque enim elit parturient dignissim platea vel nascetur porta lacus mid odio, in ut, rhoncus, platea etiam enim quis integer placerat, mid, natoque, non scelerisque non!
Santa Claus
Turpis dis amet adipiscing hac montes odio ac velit? Porta, non rhoncus vut, vel, et adipiscing magna pulvinar adipiscing est adipiscing urna. Dignissim rhoncus scelerisque pulvinar?
Nisi mus sit lectus, velit tincidunt? Aliquam. Adipiscing a duis, enim purus dis, etiam odio auctor sed pulvinar proin dolor. Egestas dolor ridiculus elit lacus nunc quis aliquet. Aliquet et. Nunc et, tristique amet sagittis integer magna.
Please enter your name & email address to subscribe to our newsletter.