By Jessica LeDoux, December 30, 2024
By Jessica LeDoux, December 30, 2024
For buyers open to both detached condos and single-family residential homes, here is the nitty-gritty on the differences to weigh.
DETACHED CONDOMINIUM
Key Differences Between Single-Family Residential Plats and Detached Condominiums
Feature | Single-Family Residential Plat | Detached Condominium |
---|---|---|
Ownership | Includes both the land and the house | Includes only the house; land is shared in common |
Legal Plat Type | Platted lot with unique boundaries and legal description | Condominium Plat with defined units and shared areas |
Control Over Property | Owners can modify both the house and land (within zoning) | Limited by HOA or condominium rules |
Common Areas | Typically none, unless in HOA subdivision | Often includes roads, green spaces, and amenities |
Maintenance Responsibility | Owner maintains their lot and home | HOA maintains shared areas; may include some exterior upkeep of units |
Flexibility | Greater freedom for modifications and landscaping | Restrictions on changes due to shared ownership and HOA rules |
Examples | A house with a fenced yard in a subdivision | A house in a condominium-style community with shared landscaping and sometimes a private yard which is designated as a limited common space. |
You might have heard the term "MLS" thrown around when talking about real estate. Maybe you’ve seen abbreviations like RMLS or NWMLS. Maybe you’ve wondered how sites like Zillow actually get their data. So let’s talk about what the MLS actually is, why it exists, and why it matters to you.