A J.C. Hart Apartment Community in Westfield, IN

What Is The Difference Between A Condo And An Apartment In Westfield

March 15, 2023
Exterior view of a blue and brown brick apartment building at Ivy Flats Apartments

Whenever a person first visits a condo, they are frequently surprised by how identical it feels to an apartment. Ultimately, there is a valid rationale for the puzzlement as they are the same sort of living arrangement! Despite this fact, there are several key differences that might make one an ideal accommodation for you and your family members.

Is a condo or apartment in Westfield suitable for you? Let's explore what you need to know to make the right call.

The Unit’s Ownership Is The Most Important Factor

As mentioned above, condos or condominiums and apartments are virtually an identical type of living space. The biggest difference between a condo or an apartment in Westfield is the owner. Let’s break it down in further detail.

An apartment is a rented unit under the ownership of a property management business. This organization is then accountable for the broader complex. A management team is employed to look after the complex and its Residents. You don’t own apartments. Alternatively, you’re an occupant who agrees to a rental contract with the ownership.

A condo is owned by a lone entity, typically either a landlord or possibly yourself. Though your residence is within a larger community in the same way as an apartment, all condos are owned by a private entity. You are able to have the condo under your name only, much like you’d buy a house.

To keep it easy, the difference between a condo and an apartment in Westfield is that a condo is purchased in the same fashion as a house. That “house” is then within a multi-unit building or community.

Advantages To Leasing An Apartment In Westfield

Modern gray living room at Spark Apartments 

Due to the fact that the ownership group is responsible for the property, they have to complete the maintenance. You won’t have to acquire a mower or hedge trimmer, they will perform all of the maintenance for you! You can also rely on a maintenance team to help with all the features included with your place, like the appliances, furnace, water heater, and bathroom fixtures. Is the refrigerator on the fritz? Just contact your maintenance staff and have the problem addressed at no added charge to you!

One more difference between a condo and an apartment in Westfield is the majority of apartment leasing has opportunities for various time frames. If you relocate frequently for your occupation, you could be able to locate flexible lease terms, allowing you to avoid a longer commitment every time you move.

Pros To Living In A Condo

A gray bed with blue pillows and black side tables in a bedroom at Highpointe Apartments. 

While it’s helpful to have perks like maintenance experts on call, apartments include constraints on what you can do to your place. But, If you are the owner of a condo, you can do as you please! You may paint, update, and renovate as you see fit! A condo may be the right way to go if you are looking to put down long-term roots and potentially benefit financially. It is a large investment upfront, so be ready to settle for some time to make the most of it.

A Few Additional Thoughts

A bright blue pool and an exterior view of an apartment building at Echo Park Bloomington Apartments. 

An additional difference between a condo and an apartment in Westfield is amenities. These will vary extensively between each apartment or condo community. Apartments may come with access to a pool, gym, clubhouse, dog park, and possibly some walking paths. The majority of condos fall within a community association, which means you’ll probably still get features including an outdoor pool or professional landscaping as a perk of ownership.

Excited To Find Your New Home In Westfield?

If you’re in the process of deciding between a condo or apartment in Westfield, you will find a great place to live at Union Street Flats. We have sizable floor plans, courteous staff, and popular amenities. Call and talk to a member of our team, or just schedule a tour to get started.