Condo or Apartment: Which Is Better?
Buying or renting a perfect residence is a big question for many. In today’s time, people’s architecture’s work has evolved wonderfully, and various kinds of residence are available.
The main factor affecting your decision is the cost you are willing to invest in buying a residence for yourself or your family. Is it a condo or apartment? The two kind of residence is of great demand. Both have different and unique specifications that attract buyers.
This post will put some light on the difference between a condo and apartment and which one should you choose. So, let us get start:
An Introduction to A Condo:
A condominium or briefly refers to a condo that is a private residence in a building or community owned by an individual who also acts as a landlord. This unit have a pretty clear structure and an extensive list of amenities that might include access to pools, fitness centers, BBQ areas and several other perks that commonly come with living in a community.
With the purpose of investing in the right set of property, rental condo suits the most. It comes in the affordable price compared to the apartments and provides all the basic amenities in one place.
Price Comparison of Condos and Apartment:
Whether you rent a condo or an apartment, procedure is pretty same in both the context. The only difference is in the way you make your monthly payments.
Condos are managed by a homeowner’s association however a rental apartment in Manila you would have no homeowner’s fee and utilized will not be included in the rent.
Difference Between A Condo and An Apartment:
- Apartments in Manila are the part of the building that consist of multiple rental units, sometimes organised as a community, and a professional organization commonly manages the building.
Similarly, condos are the part of a building with several units, but a different individual usually owns each unit.
- Apartment in Manila are designed in the same manner and have the same layout, amenities, and decoration.
An individual owns condo and they could customise the layout as per their preference. Personal’s choice inspires the layout and amenities. So, rental condos would not look same or even similar.
- Apartment are commonly managed by the professional builder companies, meaning that there is mainly 24th maintenance available for whenever something goes wrong in the home.
Living in a condo refers that you would depend on the owner’s availability and willingness to help out if any maintenance work is required. A plus point here is, your owner might exempt you to pay maintenance fee, but in apartment in Manila maintenance fee is mandatory.
Most individuals prefer to buy a rental condo apartment in Manila as they are more organised, and the maintenance part deals with professionally trained people. However, some single living people prefer to live in a condo as it is less spacious and everything is arranged in one place. So, you decide your preference and get the rental condo or apartment for yourself.