Some think condo's and townhomes are the same thing, however, they are not. I'll explain the difference between them for you.
What is a Condo?
When you buy a condo, you own the interior of your specific unit. You are responsible for the upkeep and maintenance for repairing anything inside that breaks such as light fixtures, appliances, clogged toilet/sink, water heater, etc. You are part of a homeowner's association that governs your condo building. The association you belong to and pay a monthly fee to owns and is responsible for the exterior of the condo unit building and its common areas such as sidewalks, lawn, trees, clubhouse, etc. The homeowner's association is also is also responsible for hiring professionals who will take care of the common areas for you.
What is a Townhome?
When you buy a townhome, you own the interior and the exterior of your specific unit. You are responsible for the upkeep and maintenance for everything on the inside and outside of your home, including the front and back yard. Even though several townhomes are connected to form a single community you usually share at least one wall with a neighbor. You will not own any of the townhome's common areas, those are owned by a homeowner's association, similar to a condo.
You will usually have a mortgage loan with both a condo and a townhome, unless you paid in cash. Your property taxes and homeowners insurance is usually included in your monthly mortgage payment but your homeowner's association dues are normally not included and you will need to pay them separately.
If you live Utah and are interested in a condo or townhome insurance quote, please give us a call. We would be happy to answer any questions you may have as well.
Hometown Insurance Agency of Utah located in Logan, Utah (Cache Valley) prides itself in helping others, not only save money on their home, auto, and other types of insurance but to also make sure you are properly covered and that you have answers to your questions. We want to make sure that our clients are our friends and friends become family! We want to make sure you are protected should something happen and that you understand your insurance policies and what they include. Hometown Insurance Agency of Utah is about insuring what matters! And if needed, we can make a house call. We have clients with small children and elderly clients that feel better about meeting in person at their home and if that what it takes to help them out, then that's what we'll do. We've traveled from Preston, Idaho to Layton, Utah to make a house call when needed, some we've even delivered homemade cookies to! Like we said, our clients become our family and that's what makes Hometown Insurance Agency of Utah special!
We care about you and we care about our community. We are members of the Cache Chamber of Commerce and we volunteer as Ambassadors for the Cache Chamber Commerce, The Center for Entrepreneurship and the Jon M. Huntsman School of Business/Utah State University, we sponsor many community events (Nibley, Richmond, Smithfield, Hyrum) where we have free games and prizes, we hand out candy in local parades in Nibley, Utah and Hyrum, Utah. We love being part of our Cache Valley Community!
Take a minute, give us a call and we will shop all our providers for you and at the very least you will have a second opinion to consider.
If you have insurance questions, need a review of your current insurance policies or would like a free insurance quote, please contact us at 435-754-7701! We are your hometown raised, hometown trusted, hometown insurance agency. We are Hometown Insurance Agency of Utah.
180 North Main Ste C
Logan, UT 84321
Email: jill [at] hometowninsr [dot] com
** not liable for any misinterpretation of coverage or law