Questions People Ask About Condo/Townhomes
What is a PUD home
PUD stands for Planned Unit Development. Essentially, a PUD home is a single-family home (fee simple ownership) that is part of the condo/townhome community. You have the same privileges as owners of the other condo/townhome units. You are part of the association and you pay a monthly maintenance fee as well. The fee will probably be much lower, since PUD home owners are responsible for their home's total maintenance inside and out, unlike the condo/townhouse owners, who are only responsible for the inside of the their unit.
As a PUD owner, you are still subject to the rules and regulations of the association. If you want to paint your home and the association doesn’t like the color, you don’t paint your home that color. The same goes for major home improvements.
This article is subject to errors and omissions. It is the responsibility of the buyer or seller to verify all information.