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  • Writer's pictureAAA AMC - AAA Appraisal Management Company

Town Home appraisals.

Town Home appraisals.

The terms Town Home and Town House have different meanings, yet are commingled quite often. "Town House" refers to an attached 2 story design. A "Town Home" refers to the rights of ownership in which the owner owns the dwelling and the land it is built on. Example: A condominium unit may be of "Town House" design, but its owner only has rights to the unit itself.

An owner of a "Town Home" owns the dwelling and the land it's built on and the actual dwelling could be of many different designs. The 1004/URAR is the correct report form for a "Town Home" since that form includes demonstration of the individual Site.


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