If you are looking to build a new home, a townhome may be a good solution for you.
Let’s start with defining a townhome. Townhomes and condos are similar, but typically with a townhome, you own the piece of land that your home sits on. With a condo, you own the space between the walls, but the exterior elements are held in common.
A homeowner’s association (commonly called an HOA) normally is formed when the buildings are built and takes care of the exterior of your home, provides lawn care, and in our climate, takes care of snow removal. In exchange for these services, you pay dues each month. There may be rules on what you can or cannot do in your yard or to your home. Usually these rules protect you as a homeowner, but do your homework ahead of time to avoid surprises. Read more