Condos for Sale in Colorado Springs

There is always some confusion on the difference between a townhouse vs a condo. If you are in the market for buying a condo, here is some helpful information that may help you with your purchase of a condos for sale in Colorado Springs.

Though less common in the Colorado Springs area, mobile homes and coops are additional housing types you might encounter.

Quick Facts About Condos and Townhouses

What do you own with Condo?

A condo typically has unique requirements regarding real estate ownership. Buying a "Condo" means you own:

  • The airspace within a single unit of a multi-unit dwelling.
  • An equal share amongst all unit owners of common elements. For example; land and amenities in the complex (pool, recreation center, greenbelts, etc..)

What is the Difference Between a Condo and a Townhouse?

A condominium, is actually a form of ownership, while “townhouse” is a description of a type of dwelling. "Townhouses" are generally attached real estate of 2 or more stories with common walls. A person may have “condominium ownership” of a townhouse, or they may have absolute ownership, like a single-family home.

What is an Association?

When you’ve purchased a condo, townhome or another type of property in a planned development, you are required to join that community’s homeowners’ association (HOA) and pay monthly or annual HOA fees for the upkeep of common areas and or building. It’s recommended to review their rules before purchasing and to find information about the fees.

Condo Ownership

When you’ve purchased a condo, townhome or another type of property in a planned development, you are required to join that community’s homeowners’ association (HOA) and pay monthly or annual HOA fees for the upkeep of common areas and or building. It’s recommended to review their rules before purchasing and to find information about the fees.

Condo Ownership

Ownership

Townhome Ownership

The owner actually owns the home, not just the airspace. Any yard, deck, garage or part of the property is owned. Unlike condo ownership, the common elements are not owned.

Condo Amenities

Condos have amenities that are common to all units in the building. Gyms, pools, common areas and party facilities are all possibilities.

condos for sale in Colorado Springs

Amenities

Townhome Amenities

Townhomes tend to not have as many amenities as condos. Walking paths, common areas and exercise areas are all possibilities.

Condo Architecture

Condos in Colorado Springs take on more of an apartment structure with units in a larger building on multiple floors.

Architecture

Townhome Architecture

Townhomes in Colorado Springs tend to be 2 story units with the bedrooms on the upper level and the living areas on the lower level.

Condo Associations

For Condos, prepare to spend approximately $300/mo in condo association fees. These fees pay for amenities and services. Items like trash and water can be included in this fee.

Associations

Townhome Assocations

Townhomes usually have an HOA fee, but often less than Condos. Prepare to spend approximately $200/mo in HOA fees to cover maintenance and amenities.

Condo Maintenance

Maintenance on condos generally covers everything on the exterior including a leaky roof, decking, landscaping, and maintenance of amenities.

Maintenance

Townhome Maintenance

Townhomes maintenance covers exterior maintenance like landscaping, decks and common areas like parking lots and common facilities.

Condos for Sale in Colorado Springs

Townhomes and Condos are scattered around certain areas of Colorado Springs. Downtown Colorado Springs, Gold Hill Mesa, Kissing Camels and Monument are popular areas for condos and townhomes. Just recently, there have been many new condos and townhomes built in the Powers and Briargate area.

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