What’s the Difference Between a Condo and a Townhome?

If you're buying your first home, how do you know whether a condo or a townhome is the right fit — and what’s the real difference?
Let’s break it down so you can make a confident, informed decision.

Ownership Structure

The biggest difference between a condo and a townhome is what you own.

Condo:
You own the interior of the unit only — walls in. The exterior, roof, land, and common areas are owned collectively through a homeowners association (HOA).
Think: apartment-style living, but you own it.

Townhome:
You typically own both the interior and the exterior of the home — including the roof, front and backyard (if applicable), and sometimes the land it sits on.
Think: more like a traditional home, but usually attached to one or more units.

Monthly Fees

Because condo owners don’t maintain the exterior, condo HOA fees tend to be higher. These fees usually cover insurance, exterior upkeep, landscaping, and amenities (like a pool or gym).

Townhome communities often have lower HOA fees, but you may be responsible for more of your own maintenance (like the roof or siding).

Maintenance Responsibilities

Condo:
Low-maintenance lifestyle — great for busy professionals or those who don’t want yard work or exterior repairs.

Townhome:
More independence — you have more control over your property, but more responsibility comes with it.

Privacy and Space

Townhomes often feel more like a single-family home — sometimes with multiple levels and private outdoor space.
Condos typically have shared walls, and you may have neighbors above or below.

Resale and Appreciation

In many markets, townhomes appreciate more like single-family homes, making them a strong choice for long-term investment.
Condos can appreciate too, but values may be more affected by overall HOA management and shared amenities.

Final Takeaway

Choosing between a condo and a townhome comes down to your lifestyle, budget, and how much responsibility you want. Condos offer convenience with less maintenance. Townhomes give you more space and ownership flexibility.

Still deciding which is right for you? Schedule a call with me, Jen Burns, REALTOR® in Baton Rouge — and let’s talk through what fits your goals, lifestyle, and future plans.