What Is a Townhouse in Real Estate?
A townhouse is a multi-level home that shares one or more walls with neighboring units but has its own private entrance, often with small outdoor space or a garage. Townhouses combine aspects of single-family and condo living—offering ownership of both the interior and exterior structure, while still part of a community with shared maintenance or HOA oversight.
🏡 How a Townhouse Works
When you buy a townhouse, you typically own the building and the land directly beneath it—unlike a condo, where ownership is limited to the interior space. Townhouses are usually attached side-by-side in a row, each with its own title and property tax bill. Many communities include shared amenities like pools, playgrounds, or landscaping services managed by a homeowners association (HOA).
🏠Townhouse vs. Condo
- Ownership: Townhouse owners hold title to both the structure and land; condo owners own only the unit’s interior.
- Maintenance: Townhouse owners are responsible for their unit’s exterior, while condo associations maintain all exteriors.
- HOA fees: Townhouse fees are usually lower since owners handle more upkeep individually.
- Privacy: Townhouses have fewer shared walls and no units above or below.
✨ Pros and Cons of Buying a Townhouse
Advantages: Townhouses offer ownership flexibility, affordable pricing compared to detached homes, and lower maintenance than a large yard. They’re often located in walkable communities near urban areas.
Drawbacks: Less privacy than standalone homes, potential HOA restrictions, and limited yard space are common tradeoffs. Always review the HOA bylaws before purchasing or selling FSBO.
📢 Selling a Townhouse FSBO
Listing your townhouse on the MLS gives it the same visibility as agent-listed properties—appearing on Realtor.com, Zillow, and hundreds of real estate sites. With Brokerless, you can list your townhouse on the MLS for one flat fee, keep control of your sale, and save thousands in commission.
Compare flat fee packages or start your listing below.