Buying a house, townhome, or condo each offers distinct advantages and considerations in both the short and long term.

Short-Term Differences:

1. Cost: Generally, condos and townhomes are more affordable upfront compared to single-family houses. Condos tend to be the most budget-friendly option due to shared expenses and smaller individual space. Townhomes often fall in between condos and houses in terms of cost.

 2. Maintenance: Condos typically have lower maintenance, responsibilities such as exterior maintenance, landscaping, and common area upkeep are managed by the homeowner's association (HOA) through monthly condo fees. Townhomes may also have shared maintenance responsibilities but usually involve more private maintenance compared to condos. Houses require the most maintenance as the homeowner is responsible for all upkeep.

 3. Community Living: Condos and townhomes often provide a sense of community and shared amenities like pools, gyms, and clubhouses. Houses may offer...