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I bought a townhouse/ condominium 2 years ago. I love it. But as AggieAXO said, if something inside breaks, you pay to fix it. No more maintnance guy from the apt. complex. Being in a condo association is good though cause they take care of everything on the outside (ie. roof, paint outside, grounds, etc....) Not all townhouses have condo assoc. though. You may be on your own for the outside as well. I rarely if ever hear my neighbors, unlike the apt. complex I used to live in. Another pro is the value of the condo/ townhouse may go up in value and you can sell it for more than you bought it for.
Cons: Once you buy and want to move it's hard cause you will to sell it. This could take a while and hold your money up to buy a new house. This is unlike an apt. lease, where you can terminate the lease or wait till the end of the lease to move. Buying is MUCH more permanant. Also, many condos/ tounhouses have an association fee each month. This can be as high as $200 (or higher) or as low as $25. These fees pay for all outside elements of your home. NOT all townhouses have assoc. where outside elements are paid for. Every townhouse complex is different. I've seen townhouses where things outside are NOT paid for by the assoc.. And you have to pay for things on the outside too.
Can you tell I'm on the Board of Directors of my Condo/ townhouse Assoc.????!!!! Lisa
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