Ask Southern Realty

What are the differences between a condominium, a townhouse and a co-op? 

A townhouse is a style of construction, whereas condominium and co-op are types of ownership. A townhouse is basically a building or unit that shares a common wall with the building or unit next door. The walls are usually straight and entry is usually from the ground floor. Townhouses usually have two or more stories. A townhouse can be a style of condominium. 

A condo is where you own the actual structure of the building jointly with the other members of the association, along with common areas such as swimming pools, tennis courts or other common areas. Individually, you own the airspace and interior of the structure, but not the building itself. You and the other members of the association own the structure together. 

A co-op is where you own shares of a corporation or organization that owns the larger structure, and ownership of those shares gives you the right to occupy a specific unit or apartment. 

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Southern Realty
102 Main St.
P.O. Box 925
Barnwell, SC 29812
Phone: 803-259-1208
Fax: 803-259-5688
Email: southernrealty@bellsouth.net

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I've had nothing but a great experience dealing with Southern Realty.  Mrs. Marilyn has helped me out tremendously during my home buying process.  She is super nice, is a great source of knowledge, has always been able to answer any question I may have and gives great advice.  I am very happy with Southern Realty and Mrs. Marilyn. Michael Black
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P.O. Box 925
102 Main St. - Barnwell, SC 29812
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