On the contrary, people believe that a condominium is nowhere associated with an apartment. It is described as how a house or other property is owned and not what type of property it is. If an apartment is on a rent, it is just an apartment. And when you own it, it becomes an apartment style condo. As a matter of fact, condo is about owning for industrial, commercial or even airport hangars purpose and the homes constructed alongside the airplanes. It just means that you own a space of land and use it for whatever purpose you want to.
Read below for the types of condo flats.
- Retirement villas
They are often constructed as bare land condominiums. It means you own the land privately with the building lot and the complete home on it, both on the inside of the living unit as well as the outside, but you tend to condone with all the owners to collectively handle all the maintenance of building exteriors and private yards and the common property as well. This helps in saving money and builds a consistent appearance in the entire development. Want to explore some Parc clematis showflat, visit us today!
- Condo apartments
In the condo apartments, you totally own the space in the suite and share the ownership of the exterior cladding, building structure, the land as well as the mechanical structure. Townhouses are similar to this, but it makes sure that the exterior maintenance is consistent. Also be aware of the no condo fees type promotions. There are only a rare few townhouse developments that aren’t deemed condos, so every owner has the right to do what he wants to.
Villas are often constructed as duplexes or larger groupings or a bungalow style home that entails all the necessary amenities on the main level including the parking as well. It is commonly bought by the seniors who hate dealing with stairs, albeit all villas have an unfinished basement too.