People who call condos “home,” are not just living in a glorified apartment. While the differences between a condominium and an apartment are subtle they are very clear when you compare the two types of homes side-by-side. Take a look at the slight differences between a condo and an apartment, and you may see your new home. Overall, condos offer more space, and fewer features while an apartment may be slightly smaller, with bigger amenities like a tennis court.
Condominiums and apartments are both considered to be a smaller type of unit, with similar structures and characteristics. Residential housing called by either of these names is common to describe a unit with 2-3 bedrooms and a small outdoor space.
What is a Condo?
People commonly ask the question, “What is a condominium?” because they simply do not know what a condo means. This type of living space is commonly confused with an apartment home because both of these are community-style housing. In each space, the building structures are made up of several units, or clusters of independent separately owned homes. These homes are usually surrounded by amenities, common areas, and other outdoor features.
What is a condo house vs an apartment home?
There are many differences between a condominium and an apartment home. Here are 3 of the main benefits of choosing this type of housing style, and a few of the differences.
3 Main Benefits of Living in a Condominium vs Apartment Home
One of the best parts about living in a condominium is the additional perks of having a maintenance team. Not only do condominiums provide services including indoor and outdoor general repairs, and maintenance. However, if you live in a condominium you may not have access to on-call maintenance services like those provided by an apartment complex.
Some people do not feel the need for additional features that a condominium can offer in the way of security. Gating, cameras, and additional lighting are just some of the few security features you may be offered if you live in a condo. In addition, many condos offer locked entries or even doorkeepers. If you are in a typical apartment, the security offered can include 24/7 security officers, property cameras, locked gate with coded entry, and more.
Living in a condominium allows you access to some of the most important amenities important to your lifestyle. Averages features you may expect living in a condo include high-speed Wi-Fi, office equipment, movie rentals, recreational spaces, smart home features, parking, and transportation conveniences, amongst others. An apartment complex can offer a different set of community features that include upgraded appliances, wood flooring, pet-friendly features like a dog run, a pool, and sauna, clubhouse, and more.
Condo vs Apartment
A final breakdown is necessary to see the most basic difference between the two most popular single-family home styles: condominium versus apartment.
A large property where housing units can be owned by individuals or lived in by renters. Each property may include stairs, gardens, and other features of the common areas that may include swimming pools, game rooms, movie theatre and more. Otherwise known as an apartment in many places, condos are not, in fact, the same. A condominium is usually a larger dwelling and lived in by the owner. A board of directors looks after the community and structural maintenance handling gardens, lawns, snow removal, and home repairs.
Typically, an apartment is rented by a tenant by a property manager. Every apartment is self-contained within the apartment complex designed to accommodate all lifestyles of the residents. Apartment owners can also be tenants inside the units. Structural features include balconies, patios, halls, elevators and more
What You Need to Know Before Buying a Condo
There are many things you should know before you take the steps towards buying your condo. Here are just 3 bullet points you should add to your “Before Buying a Condo List.”
Lower Condo Fees
Just because there are only a few of the most common features at the condominium does NOT mean that you will pay less. Look for a balance of community features that you need, and indoor upgrades that work for you. If the price fits your budget, and the condo fees your expectations, you shouldn’t have to overpay.
Find the Right Spot
Location is everything, but the ideal neighborhood for you may not be the same for someone else. The right spot for you could include a neighborhood with great schools, up-and-coming neighborhoods, or areas with 5-star shopping, and spas. It is up to you to decide the best location for your lifestyle.
Research the Neighborhood
You want to know that the condo you choose is the right one to call your home. Today, there are many different aspects of a residential area that can be appealing to you. Consider all of the needs you may have for up to 5 years after you purchase the condo, and then even further down the line too.
Call the offices of Jeff Barchi to talk to Arcadia real estate agent about the differences between a condo and an apartment. Find just the right home for you.