Condo is a property that shares interior hallways and sometimes has a common exterior door. The property that you own is inside your front door. The common areas (which are considered the exterior, grounds, etc.) are typically for the use of everyone and these areas are maintained by a homeowner association. The association dues are what you pay for this exterior maintenance, ( i.e. trash removal , water, sewer, grounds, exterior insurance, snow removal, and usually cable TV is included). As an added bonus, sometimes the heat and gas may also be included in the association fees. Several of the condos do have various amenities which may include a clubhouse, pool, hot tub, fitness area, tennis courts. The fees are pro-rated according to the square footage of the condo that you own. Also, the more amenities and maintenance that is required, the fees may be higher. If you don’t want to worry about anything as far as maintenance is concerned, this is probably a great option for you. Here is an example of a condo listed in Frisco.
Town home– Typically have their own exterior maintenance and there may be only 3 units attached to each other. These units usually have a garage, in most cases, and you usually do not share hallways. The association fees typically operate the same as a condo complex, however, generally speaking, the heat and gas are usually not included. These units are usually larger than condos, and typically have rooms upstairs and downstairs which makes it feel more roomy than a condo. Example of a town home listed in Frisco.
Duplex– This is the closest that you will come to a single family home. A duplex typically has some land with it (your own yard) or space. There is only one other property attached to this. In Summit County, several duplexes are attached at the garage area, so you may not even notice your neighbors. The advantage of a duplex is that they can be as large as a single family home, if not even larger. The price is usually not as high as a single family home. Most duplexes have some type of association agreement, but usually you are responsible for maintenance and upkeep of your own property including water, sewer, heat,cable etc. The fees are much lower on a duplex. This is a great option for an owner to occupy full-time or as a second home.
This is an example of a duplex listed in Frisco.
For more information on listings in Summit County check on the MLS.
Contact Leah Baxter at Leah@leahbaxter.com or 970-389-6367 for more information.