Condo verses Townhouse?

What is the difference between a condo verses a townhouse?

• A condominium shares walls, often called "part walls" with other similar units and involves individual ownership of the airspace within the unit itself, plus shared ownership of any common facilities such as hallways, surrounding lawn and grounds, pools, tennis courts, etc. as undivided interests with a fee simple title.  The ground underneath the condo is not owned by the individual homeowner.  Condos can be a popular option with homeowners who want the security of owing property but not the responsibility of caring for and maintaining a single family home.
• Town houses are built on lots owned by the individual homeowners. They could be connected by common " party" walls, or they could be freestanding homes separated by airspace and attached to each other by exterior shingles, shared garages or other structural elements.

Other types of dwellings besides condo and townhome include: the traditional single family home, cooperatives (not too many of these in Vermont), duplexes, twin-homes, retirement communities, manufactured housing, modular homes, and time-shares.

Call me to learn more about any of these!