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First floor could be cheaper due to less or no view, and possible less secure if ground level. You'll probably find tenants easier than buyers. Of course, if it's priced right, you'll find either/both.
Do you mean that big giant monster thing on Rampart and Alta I think it is? I feel bad for those who had their views ruined and have to look at that thing.
I think you are saying it is ultra luxurious. No matter what the level of luxuriousness it's still an eye sore. How that thing ever got past zoning is beyond me. It belongs in NYC rather then here.
Any idea what they cost? And whatever it is, one could probably buy one of of those expensive ones right on the strip for the same money.
Cost from 1.7 to about 22 million. HOA fees about 1600 per month.
There are really no equivalents on the strip though the better turnberry units are close.
These are meant to be lived in rather than visited.
And I find them rather interesting. They screwed up nobodies view.
Condominium does refer to a legal form of ownership.
It seems that in some areas, there tend to be physical differences between buildings that are built with the intention of creating leasehold spaces ("apartments") and those built with the intention that the units will be sold to individual owners ("condominiums"). Sometimes the former may be converted into the latter form of ownership.
In other places, I suspect that there are poorly-constructed buildings originally created as "condos", and very well-built buildings that are owned and leased out as "apartments".
In some places there may be more building code restrictions on "condos", that might lead to differences in quality or construction.
Condos are usually individually owned, but in a particular complex, a majority of the units could be rented out (by the owners) to tenants. In that case the activities of the tenants will likely be similar to those renting similarly-priced and located apartments (the occupants don't have the "pride of ownership" that may differentiate some owner-occupied condo buildings from rented apartment buildings).
Real estate is local. Laws vary greatly from state to state. As do common practices.
See Olecapt, people from all over the country agree that condo's are a legal form of ownership - it doesn't matter what the type of construction. And no, I've not built tens of thousands - only a few thousand. But it was enough to learn the correct answer! And in the original post he wasn't wondering which to buy - he merely asked the difference between the two.
See Olecapt, people from all over the country agree that condo's are a legal form of ownership - it doesn't matter what the type of construction. And no, I've not built tens of thousands - only a few thousand. But it was enough to learn the correct answer! And in the original post he wasn't wondering which to buy - he merely asked the difference between the two.
And I too agree that it is a form of ownership. It also however sometimes a significant difference in costruction techniques. Otherwise why would we all disclose a conversion. Think about it ... if all dwelling units were created the same we would not disclose that some were originally apartments would we?
Nothing more than a method of construction - and that they were not originally built in a condo ownership form.
Condo has nothing to do with construction - it is merely a form of ownership - airspace plus TIC ownership of common areas
But that of course is the issue. The guys question was are condos and apartments the same. The answer is no...they are not. Condos are built generally different than apartments.
Condos are built generally different than apartments.
No, they are not built differently - with one possible exception: Seperate metering (electric)
The UBC and ANSI make no distinction.
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