What's the difference between a condo and a townhome in Franklin TN? Buyers often think they are different names for the same thing. Not so.
Generally speaking, a condominium or condo, is a property where individuals own the interior space of a building (their unit). They have common ownership with all the other unit owners of the outside spaces such as a pool, parking lots, entry gates, and grounds, and some interior spaces such as hallways, stairwells, and elevators.
A condo association or homeowners association (HOA) manages, or hires a property manager, to care for all of these common spaces. Fees and assessments are charged to the individual unit owners to generate the funds necessary for the repair, replacement or general maintenance of commonly owned spaces including pool, roof and exterior walls.
Townhomes are properties where the individual units may share one or two common walls, but the property itself includes a lot or parcel of land, albeit small, where the unit sits. There are commonly owned elements, similar to a condo, such as parking lots and recreational areas. Once again, an association or HOA maintains these common spaces and charges monthly fees or assessments.
Franklin TN has a wide variety of condos and townhomes ranging in price from under $100,000 to over $500,000. Unfortunately the public side of our local Multiple Listing Service (MLS) does not differentiate between condos and townhomes. To further complicate matters, some new construction townhomes are listed in the residential, single-family section of the MLS. These are just a few of the reasons why you need to enlist the help of a buyer's agent when buying a condo or townhome that is right for you.
If you you are looking to buy a Franklin TN condo or townhome,
From the Developer of The Brownstones, 10 Luxury Flats as nice as the Brownstones 2 Blocks from Starbucks on West Main. 1.8 to 3 million. Move in July/August of 2021. $...
From the Developer of The Brownstones, 10 Luxury Flats as nice as the Brownstones 2 Blocks from Starbucks on West Main. 1.8 to 3 million. Move in July/August of 2021. ...
From the Developer of The Brownstones, 10 Luxury Flats as nice as the Brownstones 2 Blocks from Starbucks on West Main. 1.8 to 3 million. Move in July/August of 2021. ...
From the Developer of The Brownstones, 10 Luxury Flats as nice as the Brownstones 2 Blocks from Starbucks on West Main. 1.8 to 3 million. Move in July/August of 2021. ...
HARD TO FIND END UNIT IN AN AMAZING LOCATION. OUTSTANDING SCHOOLS. GREAT CONDITION. WALK TO SHOPPING AND DINING. TWO LEVEL TOWN HOME. 3 BEDROOMS. FANTASTIC KITCHEN. 2 CAR...
GATED luxury community with pool, fitness and clubhouse. LOCATION, walk to new retail/shop/dining/hotel/entertain at New McEwen Northside & West McEwen Drive. 2 BR 2BA Ex...
NEW PRICE! Investors welcome. Renovated End-Unit Townhome in sought after Brentwood Pointe! New wood floors, new carpet, new windows, new paint, new fixtures, new counte...
NEW One Level Living-Two Bedroom Condo with Garage. No steps into building or condo itself. Modern,upgraded finishes-subway tile backsplash, 5 inch plank hardwood, beaut...
NEW Two Bedroom Condo within minutes of downtown Franklin. Modern,upgraded finishes-subway tile backsplash, 5 inch plank hardwood, beautiful tile shower in Owner's Bath,...
NEW One Level Living-Two Bedroom Condo with Garage. No steps into building or condo itself. Modern,upgraded finishes-subway tile backsplash, 5 inch plank hardwood, beaut...
NEW Two Bedroom Condo within minutes of downtown Franklin. Modern,upgraded finishes-subway tile backsplash, 5 inch plank hardwood, beautiful tile shower in Master, 8 ft e...
NEW Two Bedroom Condo within minutes of downtown Franklin. Modern,upgraded finishes-subway tile backsplash, 5 inch plank hardwood, beautiful tile shower in Ownes bath, 8...
NEW Two Bedroom Condo within minutes of downtown Franklin. Modern,upgraded finishes-subway tile backsplash, 5 inch plank hardwood, beautiful tile shower in Owners bath, ...
Totally upgraded unit designed for comfortable living with style and space to entertain. Walking Distance to Downtown Franklin. All new wood floors, New Kitchen Cabinets,...
Location is everything! This one bedroom condo is mere minutes to restaurants, shopping and the historic downtown Franklin Square. Enjoy the natural light that fills this...
Warm, cozy, sun-drenched top floor condo less than a mile to Historic Downtown Franklin at an amazing price! Granite countertops, stainless steel appliances, one of the f...
Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2021 MTRMLS, Inc. RealTracs Solutions.