Difference Between Apartments and Condos: All You Need to Know

When it comes to the best type of housing development for both buyers and renters, condos are a one-stop solution. depending upon your budget or the kind of lifestyle you live in, a condo is often the perfect residence for you.

What is a condo?

A condominium or condo is a privately-owned individual residential unit that is located in a community of other units such as town-homes, high-rise buildings, or a condo complex.

It is important for you to know that condos are owned by a person that is in joint sovereignty with a condo owners association instead of a large corporation or a property management company, like the case with apartments.

A condominium comes with shared spaces such as laundry rooms, a garden, a gym, a swimming pool, and much more. Remember condo owners only own and are allowed to renovate the space present inside their individual unit.

In case, you are looking for a luxury condo in Singapore at a prime location then check this page Tengah Garden EC. This project is soon going to launch and is a perfect place to live in Singapore.

Difference between a condo and apartment

You might find condos and apartments appear similar, but there are some differences that you must know.

Ownership

Being a condo owner, you will only own the space inside your individual unit and are also allowed to do renovations inside your unit. In case, you are renting a condo from someone then your landlord is a private citizen who owns the property and might live on-site.

On the other hand, an apartment building is mainly owned and managed by a property management company that directly deals with the tenants.

Apartment dwellers also rent their apartments from the property management companies are not allowed to renovate the space.

Affordability

Being a condo owner, you might be subjected to monthly COA fees that assist in maintaining community amenities, complex common areas, and upkeep of the condo community exterior.

The monthly payments for apartment tenants usually comprise rent as well as utility charges by outside companies.

Maintenance

Keep one thing in your mind, a condo unit owner is responsible for conducting all the repairs or replacements required for their homes like electricity or plumbing.

On the other hand, when it comes to the apartment, it is the management company and not the tenant who is accountable for paying all the maintenance costs and hiring the right people to fix the issues.

In order to live a luxury lifestyle in Singapore within your budget, you must definitely consider Tengah Garden EC floorplan once. The condominium association will look after all the maintenance of common spaces present in a condominium complex including parking lots, pools, gyms, and gardens.

So, without wasting your time further, book the best condominium in Singapore and enjoy a luxurious life with your loved ones.

The luxury convenience race of Developers

In cities where developers are committed to a “luxury convenience race,” a homebuyer’s accomplishment is not certain about purchasing into the building with the greatly over-the-top luxuries. This isn’t what the marketing equipment would have you understand, but assume about it: Is the key to happiness a curated art exhibition in the hallway? Is it an automated car elevator? Possibly not. Look past the shiny pictures and fullsome ad copy, and picture out what amounts to something to you in the lengthy run. Possibly it pertains to your health, security, and everyday comfort. Abundant parents dream about a home with a large, closed yard and an indoor playroom for their children – but for city-dwelling households, this usually isn’t in the cards. Dwelling in a city, the barely play regions for kids may be the common spaces in the facility and then whatever parks or lawns are nearby. Thus, every convenience that’s geared toward kids, whether it be a garden or a game cabin or a completely staffed and permitted onsite daycare, is potentially a big plus for parents.

What people are glancing for in child-friendly convenience differs according to the town, of course. In District 15, there are so many schools that are reputed, and who doesn’t want their children to be a part of that school? So, the Thiam Siew condo has become a major expectation of homebuyers as it is centrally located surrounding all the famous schools. Check the Thiam Siew Condo price and save a lot on your transportation charges. 

For Your Stuff

The downside of city residence is that condos and apartments usually never realize that big to start with and shortly enough you’ll outgrow them just by dwelling in normal life. Requisites like baby strollers and bicycles end up stationed in front of a gate by default. Warehouses for luxury items like vintage wine or furs might not be anywhere around the unit. For homeowners at almost any price juncture, this isn’t ideal – you expect your belongings close, in a secure and climate-controlled spot. Therefore, generous storage contributions like wine lockers, a bike room, and a stroller warehouse offer outsize comfort and protection.

For Your Job

More and extra, people don’t inevitably have to work in the office. And we’ve extended since discovered the difficulties with café working (i.e. horrible Wi-Fi connection, noisy neighbors, the lunch rush). The co-working area as a residential convenience is a gorgeous evolution of the business center or common cabin, and you can anticipate glimpsing it take off in favor as additional people shift into the remote workforce.

For the Fresh Air

If you spend a premium to dwell in a spot with wonderful weather or elegant beach access, it’s a grimly ironic reality review to note you haven’t expended any time outside in weeks. This occurs to everyone if you live in a place long enough. But it isn’t anyone’s standard. Additional fresh air, additional sunrises, additional afternoons with the entire family as a company- those are the models by which numerous people measure the quality of life. For Thiam Siew residences check this page http://thiamsiewcondo.com/ and look at the amenities offered by this extraordinary condo and contact us any time if you face confusion regarding Thiam Siew Condo price