What is the major difference between Condo and Apartment

Table of content

• Condominium
• Apartment
• Difference between condo and apartment
• Maintenance
• Stability
• Amenities
• Availability

 We often misunderstand condo and apartment to be the same. But, there are basic nuances between both which distinguishes both of these. If you are pondering on to opt for a rented house, you must read this content, aiming to draw a lucid line of distinction between an apartment and a condo.

What are Condominium

Condominium is a large building structure having separate units and every single unit is owned  individually by different owners. Exterior area like the four walls that divide their unit from other's, stairwell, sidewalks etc does not fall into the ownership of the individual owner of the single unit.

What are Apartment

A huge residential building with sets of individual residential units owned by a company, meant for commercial purpose. It is  usually put on rent. It has two bedroom or three bedrooms with basic kitchen and bathroom depending on the money you spend.

Difference between condo and apartment.

Maintenance

Living in a condo, you will have to lose your own pockets for any repair that your residential home demands for. It all depends on your owner, whether he/she is willing to spend on repair or not. Whereas having a rented apartment will relieve you from maintenance expenses and other minor responsibilities of ownership. You will always have 24-hour facilities available for you.

Stability

Condo being owned by individual owner, anytime the owner can make his mind to sell it, and you will have to look for some other residence to live in. This makes it quite unstable for the renters. Whereas, apartments being managed by group of professionals, often being experienced, will not lead to such casualties and instability. It is a more stable house for renters to live in.

Amenities

Condo will always have a personal touch, since it's owned by individual owner and the facilities available depends on the owner's choice. Whereas  apartments often have a common gym, swimming pool, tennis court, indoor games club etc facilities available for the people living there.

Availability

Apartments are more easily available as compared to condos which one finds rarely. In future there are more chances of apartments being available on wider scale and multitude of varieties.

There is not much difference in cost. The cost usually depends on the facilities available in the apartment or condo. For renters living in apartment, things will be more smooth for them. However, it will always be a good option to choose condo if your relation with your landowner goes well. These are just little advices, final choice always depends on you.

FAQs

1. Is apartment same as condo?
2. The biggest difference lies between them is the ownership.
3. Which is more expensive condo or apartment?

Ans: It depends on the facilities available in apartment or condo.

1. Disadvantages of living in condos?

Ans: The disadvantages are:

• No privacy
• Community rules
• Delinquency

Tags Major diffrence between Condo and Apartments, Condo vs Apartment which is Best?, What are condo

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