Difference Between a Condo and an Apartment
Of all the types of residential dwellings, condos and apartments seem to be the most popular homes in urban areas—especially in Nashville. However, what you might not realize is there are many factors that differentiate the two. Today, we’ll explain the difference between a condo and an apartment.
#1 Difference Between a Condo and an Apartment: Ownership
The main difference between condos and apartments is who owns the units themselves. Typically, apartments in a building or complex are all owned by a property management company. This company rents out the identical units to tenants that live under community or building guidelines. In contrast, condos are each owned by individuals that act as landlords. Whether these individuals choose to live in the condo or rent it out is up to them, and they have discretion on who lives at the property.
Uniqueness of Units
Another major difference in apartments and condos are how unique units are compared to each other. Since condos are owned by individuals, owners are free to renovate and include additional amenities like granite countertops or uniquely designed rooms. This makes condos quite different from one another due to the owner’s remodeling freedom. Apartments, on the other hand, are usually very uniform as tenants are not permitted to renovate their space while they live in it. Units may look identical or mirrored perfectly to each other for this reason.
Examples of Nashville Apartment Communities
Apartment buildings, often called apartment communities, are typically owned by a management company and feature identical or slightly varying units. An example of an apartment complex would be The Hamilton and Hume House in Nashville. This is a community of apartments ranging from one to two bedrooms, and all are operated by the property management company RAM Partners. Other examples of apartment communities in the Nashville area are:
- NOVEL Edgehill by Crescent Communities
- Parke West operated by Graystar
- Alta Union operated by Wood Residential
- Cortland At The Nations operated by Cortland
Examples of Condos in Nashville
Condos, or condominiums, are operated by each condo owner individually, although there may be certain Homeowners Association requirements for all condo owners to follow within a complex. Condos are housed within larger buildings much like apartments, but tenants do not go through one management company for rentals. Examples of condominium high rise buildings and communities in Nashville would be:
- Pulte Homes
- The Village At Grassmere
Ready to Get Moving?
Whether you’re looking to rent an apartment, rent a condo, or become a condo owner, no matter what you’ll need to think about how to make your move feasible for you and your family. That’s why hiring an experienced professional moving company is your best bet, so they can alleviate the headaches associated with moving all of your belongings to your new home. Contact us today at Fox Moving and Storage to talk about making your move go smoothly.