Do You Know The Difference Between: A SFR, Condo, Townhome, and a PUD?

DO YOU KNOW THE DIFFERENCE BETWEEN: A SFR, CONDO, Townhome, and a PUD?

This guide below can help you understand the difference.

Single Family Residence
(SFR): A single-family residence is a standalone house meant for one family or household. It is built on its own plot of land, and the owner of the property has exclusive rights to the land and the building. This type of housing typically provides more privacy, space, and flexibility in terms of modifications and improvements than other residential property types. The owner is responsible for all maintenance, repairs, and property taxes.

Condominium
(Condo): A condominium is a type of residential property where you own a specific unit within a larger building or complex. In a condo, you own the interior of your unit (often referred to as “air space”), but the exterior, common areas, and amenities are owned and maintained by a homeowners’ association (HOA). Condo owners pay monthly HOA fees for maintenance, insurance, and shared amenities such as a pool, gym, or clubhouse. Condos can come in various architectural styles, including high-rise buildings, mid-rise buildings, and even detached homes within a gated community.

Townhome
(TownHouse): A townhome is a multi-level, attached residential building that shares one or more walls with adjacent units. Townhome owners own both the interior and exterior of their unit, including the land on which it sits. They are responsible for maintaining their home’s exterior and yard. Similar to condos, townhomes often have an HOA that manages shared spaces and amenities. Townhome owners typically pay lower HOA fees than condo owners, as they are responsible for their home’s exterior maintenance.

Planned Unit Development
(PUD): A PUD is a type of residential development that features a mix of housing types (single-family homes, townhomes, condos, or apartments) and often includes commercial, recreational, or open space areas. PUDs are designed with a comprehensive land-use plan that aims to create a self-contained, cohesive community. In a PUD, you own your individual unit, the land it sits on, and sometimes a portion of the common areas. PUDs usually have an HOA to manage and maintain shared spaces, amenities, and sometimes even architectural guidelines. As a homeowner in a PUD, you’ll also pay HOA fees, which can vary depending on the services and amenities provided.

Contact Ellie Yung at 310-251-5428 or email at Ellie@EllieYung.com