What is a townhome? A townhome is normally a row of attached homes with similar or same design. Townhome owners generally own the complete unit, including exterior surfaces and the land on which the unit is built. Condominium unit owners only own the inside of their units. Townhomes tend to be multi-storied structures which sometimes offer the same square footage as found in single family homes. Townhomes offer you the best of both the single-family home living as well as the condominium living; offering homeowners a private direct access to their front door, backyard patios and or balconies which makes it great for outdoor entertaining.