6 Reasons Why Apartments Are Better Than Condos

Searching for a place to live is not an easy task. You have to consider several factors when it comes to choosing your home. You must be comfortable and safe, but you also need to determine which is suitable for your budget. Buying or renting a place to live beyond your financial capacity might lead to a long term problem.

There are a lot of options for you out there. The most common choices are condos and apartments, especially if you are looking for a place to live within the city. Both are ideal for city living, but apartments are still the better option. Read on to understand why.

Reasons Why Apartments Are Better

There are many apartments that you can choose from that will fit your needs, especially location-wise. If you’re currently looking for one, visit websites which have apartment listings to get your price orientation. However, before you do that, you should be aware of what makes an apartment a better choice. Let’s go through the advantages of living in an apartment first to aid with your decision-making.

Financial

Apartments and condos have similar monthly rental rates, but unlike apartments, condo tenants are charged with additional fees. These fees include utilities and building maintenance. If you have a pool within your condominium unit, you will also be charged for the pool’s upkeep. So despite having the same rental rate, you will spend more on a condo than in an apartment. Apartments only charge the tenants for their monthly rentals, and the utilities are paid by the renters individually. You also have to take into consideration the location of your apartment. Renting within urban areas is more expensive, especially if it is located in a big city.

Management

Apartment landlords are more professional than ones who work for a condominium. Apartments are equipped with their tenants’ needs since their landlords are knowledgeable regarding that matter. The management of an apartment has already established a reliable system, and this is why they have more effective landlords compared to a condominium. Keep in mind that the owner of a condo unit will become your landlord. These owners are not trained to manage a renting business, unlike landlords in an apartment who are well trained since apartments are run under a company’s management.

Responsibility

Apartments are a good option for people who do not want responsibility for homeownership. You will only have to pay the rent within the specified period agreed in the contract. It is also the right choice for people who have no plans of staying in a particular area for a long time. Because of their flexibility, they can decide to relocate at any time. Condominiums, on the other hand, will require the owner to pay the amortization. It’s because condos are mostly for sale, and the responsibility only ends if you fully paid the unit.

Maintenance

Almost all apartments cover most of the maintenance. The management will take responsibility for making your surroundings clean all the time without you worrying about paying additional charges. Most apartment rental includes the maintenance of the apartment building. As a tenant, your only worry is how to maintain the inside of your apartment unit. This maintenance includes the heating and cooling system, paints, pipes, and other fixtures.

Equality

Since apartments are owned and run by a company, all tenants follow the same rules and guidelines for renting. It gives all tenants equal rights and responsibility in keeping cleanliness and harmony within their community. Condominiums, on the other hand, are owned by different people. Each unit has different owners who are entitled to their privilege. It’s why harmony in a condominium setting is almost nonexistent since they don’t need to follow the same rules and guidelines.

Relationship with the Landlord

Renting a condominium will require you to have a personal connection with the owner since you will be dealing with them directly. You will need to keep the relationship friendly even if your landlord is a bit of pain in the neck. A little misunderstanding may lead to complications in lease renewal. While your relationship with your landlord in an apartment is more professional, you don’t need to keep up with them all the time. As long as you are following their rules and guidelines, they can’t kick you out easily. Landlords are still working professionals that can act accordingly to maintain harmony in the area.

Who Are The Best Occupants In An Apartment?

This living arrangement is best for young professionals who want to live in the city. It’s an excellent choice for them due to their new careers and lack of good credit standing to purchase a property. It’s also a perfect option for single occupants or occupants that are relocated for work. Aside from having their personal space, they will also have the opportunity to choose an apartment close to their place of work. Students are another group of renters that are likely to choose an apartment.  Other than being reliable and safe, apartments allow them to live near establishments like malls or coffee shops where students usually hang out.

Takeaway

Choosing between these two options might become very difficult since both are similar in many ways. However, there are more advantages to living in an apartment than in a condo. Apartment living can give you what you can have in a condo but with more perks. In the end, the choice will still be yours. Wherever you’re comfortable, go for it.