Join the J.C. Hart Team! Click here to see our current job openings.
A J.C. Hart Apartment Community in Greenwood, IN

The Differences Between An Apartment And A Condo In Greenwood

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

The first time someone goes to a condo, they are frequently surprised by how close it appears to an apartment. As you might have guessed, there is a logical cause for the puzzlement as they are the same type of home! With that being said, there are some key distinctions that could make one a better accommodation for you and the people you live with.

Is a condo or apartment in Greenwood best for you? Let's explore what you ought to know to make your choice.

The Unit’s Ownership Is The Most Important Consideration

As mentioned above, condominiums or condos and apartments are a similar style of living space. The biggest difference between a condo or an apartment in Greenwood is the owner. Let’s examine this a little more.

An apartment is a leased unit under the ownership of a property management business. This organization is then responsible for the entire complex. A management team is on hand to take care of the community and its Residents. You don’t own apartments. As an alternative, you’re an occupant who signs a lease with the ownership.

A condo is owned by a solitary entity, typically either a landlord or possibly yourself. Even though your dwelling is within a multi-family building in the same way as an apartment, each condo is owned privately. You may have sole ownership of the condo, in the same way you’d purchase a house.

To make it simple, the difference between a condo and an apartment in Greenwood is that a condo is obtained in the same manner as a house. This “house” is then within a multi-family building or community.

Advantages To Choosing An Apartment In Greenwood

Modern gray living room at Spark Apartments 

Due to the fact that the ownership group is ultimately responsible for the property, they have to handle the upkeep. No need to acquire a mower or hedge trimmer, they will perform all of the property care for you! You can also rely on maintenance personnel to help with everything that comes with the unit, like the furnace, water heater, and air conditioner. Is your heater not working? All you have to do is reach out to the maintenance team and have the problem addressed at no added charge to you!

Another difference between a condo and an apartment in Greenwood is the majority of apartment leasing has possibilities for different time frames. If you relocate regularly for your job, you could have the ability to secure shorter lease terms, allowing you to avoid a longer commitment at every location.

Pros To Leasing or Buying A Condo

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

Even though it is nice to have benefits like maintenance experts on call, apartments have limitations on what you can do to your place. On the other hand, If you are the owner of a condo, the world is your oyster! You may renovate, update, and paint however you like! A condo could be the wise choice if you want to get established in a community and potentially benefit financially. It is a big commitment, so expect to remain put for several years to make the most of it.

A Couple Extra Things To Consider

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

Another difference between a condo and an apartment in Greenwood is amenities. You can expect these to vary extensively between every apartment or condo community. Apartments could provide access to a clubhouse, workout room, pool, dog park, and possibly a couple of nature walks. Almost all condos are a part of a neighborhood homeowner’s association (HOA), which means you’ll likely still enjoy features including an outdoor pool or landscape services as an ownership perk.

Ready To Discover Your Future Home In Greenwood?

If you’re trying to decide between a condo or apartment in Greenwood, you can locate an amazing place to call home at Bayshore Apartments. We have sizable floor plans, helpful staff, and sought-after amenities. Contact and speak with one of our friendly leasing specialists, or simply schedule a tour to get started.