Whether you’re a first time buyer, looking to purchase a small entry level dwelling, or a homeowner planning to downsize to a smaller residence, you’ll likely be faced with a very common dilemma — choosing between a freehold townhome or condominium townhome.
The difference between buying or selling a freehold property and condominium townhouse all has to do with ownership. With a freehold home, you are the owner of the home itself and the plot of land it sits on. A condo townhome differs in the sense that you only own the interior of a unit. The lot a condo townhouse sits on top of is collectively owned by all unit owners.
When it comes to determining what option is best for you it largely depends on personal preference and what you're looking for in a property.
The Pros of Freehold Real Estate:
- You don't have to pay a monthly maintenance fee if you purchase a freehold home.
- There are no rules and regulations. You are free to maintain the property as you see fit, suited to your budget. You can also build decks, plant gardens, and paint your house without having to get any special permission, like you would with a condo.
If a freehold townhome is just what you are looking for, then take a look at this impressively spacious townhome at 203 America Avenue.
Welcome To This Beautiful End Unit Home In A High Demand Vaughan Neighbourhood. This Home Is Over 2,000 Square Feet & Is Larger Than Many Detached Homes.
Boasting An Open Concept Floor Plan, Formal Living/Dining Room, Thousands Spent On Landscaping, Interlock Walkway And Patio, New Appliances, New Roof 2015, New Air Conditioning Unit (2015) & New Furnace.
Close To 400, 407, Hospital, Parks, Schools, Shopping Centres, Cafes, Restaurants & More. This Home Is Conveniently Located, Giving You Quick & Easy Access To Every Corner Of The City!
For more information on this home please visit 203 America Avenue or CONTACT US today!