Condominium Unit The condominium unit is the individual property each owner purchases. Precisely what comprises the unit depends on the type of property, but most often, a condominium unit is the space between the boundary walls that divide one unit from another or one unit from common areas. W...
The greatest difference between a condo and an apartment cost-wise is the way you pay rent, utilities, and additional fees. In a condo, you’ll probably be a part of the condo community’s homeowners association (HOA). As a tenant of the condo, you’ll have to pay monthly HOA fees f...
If you’re looking for a new place to live, you might be ready to rent an apartment or buy a condominium. While both have a lot in common, the one you choose may come down to several factors. Read on to learn more about the typical differences between a condo and an apartment. Key...
What Is the Difference Between a Condo and an Apartment? There are a great number of differences between condos and apartments, but we’re going to start by discussing the ones that are relevant enough to sway someone into choosing one over the other. Ownership of an Apartment vs. Condominiu...
Condominium structures often have public entrances, common hallways and garage areas much like apartment buildings. A townhouse complex usually has four or five units in one or more buildings. Exterior doors lead directly to each unit with separate garages or carports. Single-family houses on indivi...
In some cases, your landlord may also include other costs within that amount, such as utilities, storage, and homeowner association (HOA) fees if you live in a condominium. As a renter, you may face rent increases each time your lease is up for renewal. These rent increases can be ...
But there are certain costs you may need to consider such as yourmortgage payment, property taxes, maintenance costs, renovations, emergency repairs, as well as utilities. If you own acondominium, you'll also be charged a monthly maintenance fee by thehomeowners association(HOA). ...
If you’re looking for a new place to live, you might be ready to rent an apartment or buy a condominium. While both have a lot in common, the one you choose may come down to several factors. Read on to learn more about the typical differences between a condo and an apartment. ...