PUD vs. Condo, what’s the difference? » Mortgage Masters Group

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The difference between a PUD townhome and a condominium townhome is that in a PUD, you actually own the land your townhome sits on, and usually a small back and front yard also. You can landscape and enjoy the limited land you own, rather than having no control over it.

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A Planned Unit Development (PUD) is a community of homes that could look like single family residences, townhomes or condos, and can include both residential and commercial units, but on paper, they’re most similar to condos.

 · The acronyms POA and HOA can represent a number of things, but when compared to each other they usually stand for "home owners association" and "property owners association." They are similar but can have key differences depending on the association.

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A PUD, is a "Planned Unit Development". But the key ingredient is that in a PUD the homeowner owns their own home and the land beneath it. A condo, on the other hand, (short for condominium) may look the same as a PUD, but the homeowner only owns the interior walls and the interior airspace of the home.

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A condo is a privately owned unit similar to an apartment housed in a larger building comlpex with other condos ( a building of condos). A villa is a privately owned unit that is unattached or.

The main difference with PUDs as opposed to single family homes not in a PUD is the rules that homeowners must abide by. Even though you live in a single family home with your own yard and garage, you will still have to listen to the rules set forth by the association. Every association will be different too.

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