What Are the Differences Between Condos, Villas?
Condo, villa, townhome. South Florida uses these words like they mean the same thing. They don't. Condo: you own the interior, walls in. The HOA owns the structure, the roof, the exterior. Post-Surfside, Florida now requires funded reserves and milestone inspections on older buildings, and that's led to some serious special assessments. Read the financials before you fall in love with the view. Villa: usually single-story, attached or in a cluster. You often own more than just the interior, sometimes including the land, with the HOA covering exterior maintenance. All the low-maintenance appeal of a condo, minus the elevator. Townhome: multi-story, shared walls, more square footage than the other two. And honestly, more personality. All three come with an HOA that has opinions. Before you buy any of them, know what they cover, what they restrict, and whether you can sublet. Especially if you're an investor. DM me 'COMPARE' and I'll help you figure out which one actually fits your goals.