Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I assume they are. If I ever buy again I may buy a condo, but have never lived in one, only apartments and single family homes.
Can anyone who has experience with condos and apartments tell me why condos are better quality? I'm thinking things like noise and amemenities in general.
There is no correlation. Many buildings in Chicago that were built as apartments were converted to condos purely by legal redefinition and lately many builders that threw up buildings hoping to sell the units as condos have realized that they will be better off in the near term playing landlord...
As mentioned above, condo does not automatically mean better than apartment. Condo is really a legal definition of ownership. Rental apartments can be converted to condos and vice-versa.
From Wikipedia: The difference between a condominium and an apartment is purely legal: there is no way to know a condo from an apartment simply by looking at or visiting the building. What defines a condominium is the form of ownership. The same building developed as a condominium (and sold as individual units to different owners) could actually be built someplace else as an apartment building (the developers would retain ownership and rent individual units to different tenants).
The only way you will really be able to tell is if you just go and visit the condo or apartment. You have to get a feel for the space and design for yourself. I wouldn't rule out either until you give each of them a chance. Good luck!
Apartments = Condos... except you pay to own one and the other one you are just renting... I hate condos... they suck but I understand that some people might like that kind of lifestyle... I lived in apartments half my life... And I don't like paying Condo "Fees" each year either...
I was actually thinking the same exact thing as you recently and found out like others said: it's the same thing, it's just legal mumbo-jumbo. There apparently isn't much of a difference...
Anything can be called a condo just as aparments can be called townhomes . But most people have a defintie difference in expectations such as maintenance ;facities etc and they are in the details of the contract you sign.
Not really, generally, condos are harder to sell than townhouses or single homes. Apartments, you don't own, so you don't have to worry about that.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
