Tag: housing

Apartments versus condos Although they may have similar structural features, ownership is the primary distinction between a condo and an apartment: You rent an apartment and buy a condo. However, you may purchase an apartment in some areas, such as New York City. Read More: Klang Property Launch These types of homes are usually found in multi-story buildings with apartments on each floor, as well as communal features including parking, a lobby, and a gym. Condo owners may also rent out their apartments to renters in some neighborhoods. Townhouse versus condo Townhomes and condominiums are situated near to one another, so you will have a good chance of getting to know your neighbors. A homeowners association membership is also common for townhouses, albeit the benefit may be ...