Sarasota Real Estate. A condo, on the other hand, is attached to other similar units by a common wall or walls. The ownership interest that you receive when you buy a single family detached house is an exclusive ownership interest. You become the sole owner of the building and the land it sits on.
House owners are relatively free to modify their homes to suit their personal needs.
Condo owners are not free to remodel at will. The responsibility for home maintenance lies solely with a house owner. Maintenance of the condo complex, however, is shared to some extent by the other co-owners. When you buy into a condo or townhouse complex, you become a member of the homeowner's association. As a member, you pay monthly dues to the association.