This post compares the ownership structures of townhomes and condos in Washington State — what you actually own, what you’re responsible for, and how that affects your monthly costs and financing.

Townhome vs. Condo: What’s the real difference?

“Townhome” and “condo” get used almost interchangeably by buyers, but they’re legal ownership structures, not architectural styles. A building can look like a townhome and still be legally structured as a condominium — and that distinction matters more for your wallet than the floor plan does. [Read more…]