Part 1: Condo? Townhome?
6. A townhouse requires a survey. A survey can only be shot if there is space between the units. Most conversions, while looking like townhomes or cottages are actually condos.
9.A townhome owner would need the same kind of insurance as a single family home. Often hazard insurance policies for a group command a lower premium.
10.Attached housing (condominiums) depends on certain qualifications for loan approval from FHA, VA and for Conventional type loans. Make sure you know what approvals the complex has. Why is this important? The old rule: be sure you can get out when time comes for you to move on. Special financing and balloon type loans may deter you.