First time buyers of townhouses very often get confused about the difference between Condominium Townhouses and Freehold Townhouses. Let's take a minute now to explore those differences.
Condominium Townhouses ทาวน์โฮมมือสอง ราคาถูก
This type of home ownership is popular amongst first time buyers because of its affordability.
A developer acquires a parcel of land and builds a number of town homes.
He does not have to go through the expense of subdividing the land into smaller lots or creating as well as paying for a legal description on each townhouse.
In place of that the developer forms a Condominium Corporation which owns the land and improvements made to it on behalf of all the individual townhouse owners.
Each individual townhouse owner then becomes a part owner of the land and any improvements such as parkland, playgrounds, parking areas and roadways.
These facilities in the townhouse complex have to be maintained of course which is the reason for your monthly maintenance fees.
Your monthly maintenance fees will also cover any outside repairs and maintenance to your unit.
You will be responsible for any repairs and maintenance to the interior of your unit unless that repair is the result of an outside occurrence such as a leak in the roof leading to ceiling damage.
The developer will also set up a set of rules and regulations governing such things as what colour you may or may not paint the front door or garage door of your unit.
And if you are thinking of parking that nice new camper you bought last year in your driveway you will likely need to think again. You probably won't be allowed to.
Condominium Townhouses as a rule are generally less expensive than Freehold Townhouses.
Freehold Townhouses
Sooner or later, Condominium Townhouse owners become tired of the monthly maintenance fees and yearn for an ownership choice that provides more freedom.
Recognizing this market, developers began offering Freehold Townhouses.
Under this model of ownership you will own both the land and the townhouse that sits upon it.
There is no Condominium Corporation and all repairs and maintenance become the responsibility of each individual owner.
You will also have the freedom to paint your front door whatever colour you wish, but you may hear from your neighbors if you go too wild with this.
More recently, developers have been building some Freehold Townhouses with a limited condominium aspect to them.
The townhouse and land will be owned by you, the individual owner but the roadways in and out of the complex will be owned by all under the formation of a Condominium Corporation.
There is monthly maintenance fees involved here but they are no where near as much as those of a full condominium townhouse complex.
Freehold Townhouses are as a rule more expensive than Condominium Townhouses.
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