The decision of a condo versus a town house comes down to lifestyle, budget and maintenance. Generally, condos require less maintenance than houses because the homeowners association deals with common maintenance and exterior repairs. Townhouses offer more privacy, extra living room and may have a small yard. When evaluating condo vs townhouse, take into account the monthly fees for the Home Owner Association, ownership obligations and long-term value. For convenience, a condo might be the right choice. Townhouses offer more room and more control over your property, and are usually a better investment if that's what you want.