What are the key factors to consider when making a final decision between a condo and an apartment?

Apr 14, 2025 ... Condo: Condos (apartment homes) are individually titled, with each unit owned by a separate owner. In other words, when you buy a condo, you not ... Oct 29, 2018 ... But unlike an apartment, a condo is owned by its resident, not rented from a landlord. A townhouse is an attached home also owned by its ... Personal Property Coverage. In 2018, fires caused $6.5 billion worth of loss in one- and two-family homes. An additional $1.5 billion occurred in apartments, ... Nov 15, 2022 ... The most notable difference between an apartment and a condo is ownership. A tenant in an apartment signs a rental agreement with the owner of the building and ... Now, what distinguishes a condo from an apartment? Nothing at all with respect to physical characteristics. The distinction between the two is due to ownership. Aug 17, 2023 ... The most important difference between an apartment and a condominium is ownership. Indeed, an apartment is a residence that is rented, sometimes ... Feb 1, 2022 ... A condo is a unit owned by an individual, who either lives in the unit or leases it out. An apartment is a unit in a building that is owned by a landlord. May 24, 2024 ... A condominium is a single unit of a larger housing structure — it can be in a high-rise building or part of a converted multifamily structure ... Nov 16, 2021 ... What's a condo? ... A condo or a condominium is defined as a living space closely resembling an apartment. The major difference is that a condo is ... Condo is generally short for “condominium”, a private residential unit that may be owned or rented out to tenants by a landlord. The landlord owns the ...