What are the Differences Between a Condo and Apartment?

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Learn More

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What is a Condo?

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What is an Apartment?

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What is the Difference Between a Condo and Apartment?

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Should You Own a Condo as an Investment?

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Comparing a Co-Op vs. Condo

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Amenities for Condo-Living and Apartment-Living

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What are the Differences Between a Condo and Apartment?

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What is a Condo?

A condo, or condominium, is a private residence that can be owner-occupied or rented by a landlord to a tenant. It is typically located within a residential building and part of a larger community.

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What is an Apartment?

An apartment is a single unit inside a multi-family building, multi-unit complex, or other development which is owned by someone other than the occupant.

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What is the Difference Between a Condo and Apartment?

In the purest sense, condos represent a form of ownership of one dwelling in the proximity of other units. There are multiple forms of condos, such as townhouse condos, apartment-style condos, and even detached condos.

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Should You Own a Condo as an Investment?

Owning a condo is a smart move for a young adult if the property continues to appreciate in value as well as produce positive cash returns on your investment. These investments can prove the best passive income ideas because of the money you make while you sleep.

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Comparing a Co-Op vs. Condo

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Amenities for Condo-Living and Apartment-Living

Depending on the condo or apartment, amenities can vary. Upscale condos offer numerous on-site amenities like a fitness center, pool, hot tub, grill, gated parking and more. However, these amenities are not exclusive to condos. Apartment buildings can offer similar benefits.

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