Apartment vs. Condo?????

Question

What is the difference? I know you rent an apt. but you can also rent a condo. Both take care of outside maintenance. I've seen some apts that are just as nice and bigger than condos. What is the difference??

Answer 1

With an apartment, one person (or business) owns the entire building and all of the units inside.  You can only rent an apartment -- unless, of course, you want to buy the whole building.  Typically an apartment building will have an onsite manager.

Condos are seperately titled to an individual owner.  Although you might be renting, the person renting next to you will be paying their rent to a different person. Since condos are owned by individuals, you may not have an onsite property manager.  Some owners will live in their condo, others owners will rent out their condo.

Answer 2

condos have more of a home feeling to them rather than apartments dont really feel like their ours, cuz there not. condos you get to own too

Answer 3

i think they are the same only the condo has a cooler name

Answer 4

Most condos you own but even with the condos you rent you have more freedom to decorate, you can paint the walls, change the flooring etc, most apartments will not allow this

Answer 5

An apartment and a condo are the same thing. The difference is ownership. A condo is a privately owned apartment in a building of similar units. An apartment is a unit in a building of similar units, all of which are owned by a single entity.  

Answer 6

they just sound betterrrr lol

umm and i think

just in general its  bettr

i have lived in both

and now i live in a condo

and i lke it alot better

Answer 7

someone already said you could buy a condo. you can also buy an apt though. at least in bigger cities. my friend bought one in Chicago. Condos usually are bigger . like you said though..there are apts that are a pretty big size.

Answer 8

individual apartments are usually owned by a management company - not a person. individual condos are usually owned by actual people. if you own a condo, you may/may not have the option to rent it out to someone else due to certain rules, locations and/or the homeowner's association.

note: some condos you see were actually apartments which were converted to condos a few years back during the housing boom. the best condos to buy are actually condos which were actually built to be such: a condo.

Answer 9

with condos you can own them, re rent them, paint them and possibly sell them or trade them after you sell them.its best to get the ones with a reasonable price, homwowners insurance is good to for both apartment and condo...some condos are just a big as apartment...either way its a chance one take good luck to you..

Answer 10

appartment. condo i assosiate with an old people's home... dont know why.  

Answer 11

You can rent both, not much difference

Answer 12

a condo cna be rented by the its owner but the owner of a condo doesnt own the entire building just one unit.  So the building itself is owned by multiple people.  An apartment on the other hand is owned by the same person that owns all the units in a building and the building itsself

Answer 13

In a Condo development each dwelling unit and residence has a separate ownership.

In an Apartment development all the dwelling units and residences on the property are owned by one party or company.

Answer 14

I don't know, I'd rather have condos because you get like two stories to your own and stuff.  

Answer 15

you get to own! the condo!

Answer 16

condos are bigger and nicer

Answer 17

an apartment u don't own it but a condo u own it. condos are more pricer than apts. in a condo u can paint it and do what ever u want to but in an apt. u cant. i am ready to buy a condo.

Answer 18

you can't BUY an apartment unless it is a CONDO or a CO-OP.......A CONDO is the closest thing to owning your own HOUSE but you have to pay a  montly mantenance FEE for the upkeep. A Co-op  is nearly the same thing but you have to get approved by a BOARD and you have a lot of rules etc. It is more like owning STOCK in a coporation complared to owning your own company like a CONDO. Also the co-op is less expensive but the Monthly fee for upkeep is a lot MORE i believe.

Answer 19

It's probably a marketing gimmick to make one think they are getting something better. Used to be one could only buy a condo.

Answer 20

You can buy to own a condo and you can rent to own a condo but the condo is most likely better.