A lot of California homebuyers make a huge mistake when choosing between a condo, townhouse, and single-family home.
Because on Zillow… they might look similar.
But the ownership structure, HOA rules, hidden costs, and even what you legally own can be completely different.
A $650K condo, a $750K townhouse, and a $900K house might look like similar options - but the financial and legal differences are massive.
In this episode of Two Minute Tuesday, I break down:
• What you actually own when buying a condo • Why some townhouses are legally condos in California • The real cost difference between condos, townhomes, and houses • What HOA fees actually cover • How Mello-Roos taxes can impact your payment • Why condos can be harder to finance with FHA or VA loans • Which property type makes the most sense depending on your budget and lifestyle
If you're moving to California, buying your first home, or trying to understand the market, this is information every buyer should know.
Timestamps :
0:00 – Condo vs Townhouse vs House 0:50 – Condo Ownership Explained 1:18 – Townhouse Ownership Basics 2:05 – Single-Family Homes 2:16 – Price Differences in California 2:42 – HOA Fees & What They Cover 3:38 – Mello-Roos Taxes 4:12 – Condo Loan Restrictions 5:11 – Which Property Is Best 6:11 – Buying Advice
Alex Schult CA DRE License # 02236174 KW Spectrum Properties 📲 Text: 949-726-2601 📧 Email: [email protected]
Living in California continues at LivingInCalifornia.com - city guides, cost-of-living breakdowns, and everything you need to know before you move: https://www.livingincalifornia.com/
DISCLAIMER: This video content is intended for informational, educational, and entertainment purposes only. Neither Living in California nor Alex Schult is a registered financial advisor, attorney, or tax professional. While we have taken reasonable steps to ensure the accuracy of the information presented in this video, we cannot guarantee that it is free from errors or omissions. Any reliance you place on the information provided is strictly at your own risk. Additionally, your use of the Living in California YouTube channel and any communication through this platform, including but not limited to YouTube comments, emails, or messages, does not establish a formal business relationship with Alex Schult or Living in California. For specific advice related to your real estate, financial, or legal needs, we recommend consulting with a licensed professional in the relevant field.
