Whenever a person first goes to a condo, they are often taken aback by how similar it seems to an apartment. Ultimately, there is a logical rationale for the puzzlement as they are the same type of living space! Despite this fact, there are several noteable distinctions that might make one a perfect accommodation for you and the people you live with.
Is a condo or apartment in Sylvania right for you? Let's take a look at what you should know to make the right call.
Ownership Is The Biggest Factor
As was already established, condos or condominiums and apartments are the same living space style. The largest difference between a condo or an apartment in Sylvania is the owner. Let’s examine this a bit more.
An apartment is a leased unit under the ownership of a property management business. That property management group is then in charge of the broader complex. A manager is on hand to attend to the community and its Residents. You don’t own apartments. Instead, you’re a Resident who consents to rental terms with the ownership.
A condo is under the ownership of a lone body, typically either a lessor or yourself. Though your residence is within a larger community similar to an apartment, each condo is owned by a private entity. You can have sole ownership of the condo, much like you’d buy a house.
To make it simple, the difference between a condo and an apartment in Sylvania is that a condo is obtained just like a house. That “house” is then located in a multi-family building or community.
Pros To Leasing An Apartment In Sylvania
Because the ownership group is responsible for the unit, they are required to take care of the regular service and repairs. You won’t have to buy a weed wacker or snowblower, they will handle all of the property care for you! You’ll also have maintenance staff to service or repair everything that comes with your place, like the furnace, water heater, and air conditioner. Is the refrigerator on the fritz? Simply reach out to your maintenance technicians and get it fixed at no added cost to you!
One more difference between a condo and an apartment in Sylvania is the majority of apartment leasing has options for different time frames. If you change cities often for your job, you might have the chance to find flexible lease terms, letting you bypass a longer rental arrangement every time you move.
Pros To Living In A Condo
Even though it is nice to have benefits like maintenance experts standing by, apartments include limitations on what you can do to your dwelling. But, If you have your own condo, the sky’s the limit! You’re free to update, paint, and renovate however you like! A condo may be the wise choice if you wish to put down long-term roots and build equity. It is a large investment upfront, so be ready to stay in one place for some time to make it worthwhile.
Some More Considerations
An additional difference between a condo and an apartment in Sylvania is amenities. These can differ significantly between every apartment or condo community. Apartments may give you access to a fitness center, pool, dog park, clubhouse, and sometimes some walking paths. Almost all condos are included within a community association, which means you’ll likely still enjoy features like a community pool or landscape services as an ownership perk.
Excited To Find Your Next Home In Sylvania?
If you’re trying to decide between a condo or apartment in Sylvania, you are going to find a great place to live at SOMO Flats. We have sizable designs, courteous staff, and excellent amenities. Contact and speak with a member of our team, or simply schedule a tour to begin.