What's the Difference Between a Condo, Co-Op, and Townhouse?

When deciding whether to buy a co-op, condo, or--gasp!--an entire townhouse, knowing the difference between the three is a good place to start. The simple definition is that condos and co-ops are usually apartments, though detached, private-home condos do exist in some developments. Townhouse, meanwhile, is the preferred term for a row-house, a multi-story structure connected to several others. Before you head out into the sales market, let us take you on a quick tour of the three housing option...