That is why it is best to consult the HOA or its representatives before planning renovations. Generally, these rules are much stricter than those for stand-alone houses. For instance, any condo renovation activity may only be undertaken between specific periods on weekdays.
- Please note that our Showflat location is not located on the actual site.
- The most significant difference between the two is ownership.
- If you don’t want to pay additional costs on top of your mortgage or abide by community rules, condo living may not be suitable for you.
- You’ll also have direct access to the outside rather than shared corridors or lobby spaces.
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What Is the Difference between Condo and Townhouse?
Each dwelling in the complex has almost identical interiors, in terms of both their layout and features. In Australia, we tend to use the term interchangeably, but it’s becoming increasingly important for landlords and buyers to understand the difference. Having heard the term ‘condo’ bandied about on American television shows, most of us probably assumed it was just another word for a unit, which isn’t necessarily untrue.
- But unlike a single-family home, you don’t have to worry about the common space grounds and parking, as they are covered by maintenance costs.
- Amazana Serpong Residences Amazana Serpong Residences Apartment is a luxurious apartment with a super complete facility an…
- These individual units are surrounded by common areas that are jointly owned and managed by the owners of the units.
- For instance, a municipal permit is usually unnecessary when replacing a kitchen floor in a single-family house since that does not affect the safety or hygiene of the house.
The city is rising in reputation as a top property investment for young professionals looking to invest in properties that are more affordable, great geolocation, and infrastructure. Lastly, Bandung City is known as “the Paris of Indonesia” due to its art deco architecture, cosmopolitan atmosphere and great shopping locations. Bandung has also seen a rapid increase in start-up companies in recent years making the city very attractive for investors from all over the world. The economy in Indonesia has boosted in the past years attracting large investors from all over the world.
pre-selling & ready for occupancy units in Quezon City are now available at DMCI Homes!
Are you planning on moving to a new place as a long-term plan? If yes, then opting for a condo may be the better option for you. Loaning a condo is a better investment and provides more value in terms of what you pay for. Furthermore, let’s not forget the amenities and facilities you can enjoy in a condo, as well as the luxury to personalize your space.
- Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.
- The site plan and floor plans will be out soon and updated here.
- When a tenant buys a condo, ownership is transferred to the buyer.
- This can be both a positive and negative aspect, as it relieves you of the burden of handling all maintenance on your own, but it also means you have less control over the timing and cost of repairs.
- Ki Residences is a Japanese-inspired concept well hold the key to living well.