Apartments vs Condos: What Are the Differences?
You might have already noticed the shortage of condos and apartments in the US market right now.
Considering the high demand for each, this is no shock. Condos and flats, on the surface, have many of the same features, such as a large number of units and shared facilities.
For both tenants and potential purchasers, the main distinction lies in the ownership of the property. If you've been thinking about renting or purchasing real estate, the apartments vs condos can influence your decision and whether you'd be happy with your choice in your future.
Keep on reading for our full breakdown of apartments vs condos and what makes each of them unique in the real estate market.
What Is a Condo?
For those of us who prefer the name "condominium," it's a privately owned property that ...