Condo and Apartment, What’s the Difference?

It is easy to feel a bit dazed and confused after a day of viewing potential new homes. After multiple viewings, they can all start to look the same. But have you ever wondered what the difference is between an apartment and a condo? They look exactly the same! If you have, you’re right. They are aesthetically no different from one another. The difference between an apartment and a condo is purely legal.

Condos and apartments are essentially both apartments that are part of a bigger building. Where a condo differs from an apartment is in terms of ownership. Condos are apartments sold individually to different owners. The same building in its entirety could be owned by one person and the apartments inside rented (but not owned!) to separate people.

A condo is typically defined as a group of houses that are individually owned on one piece of land. When … Read More

What Is The Difference Between Actual Property (Property) Broker And Agent

In its simplest terms, property upkeep is the general repairs of a constructing and the property around that constructing. Capital good points tax is calculated at 25% of the revenue on the sale of the property which then will get taxed at the tax charge on income for the 12 months. The purchase worth will be the price we expect to pay for a particular property. $B$10 refers to our investment period assumption, and B14 refers to the current years value in the property value line we calculated.

Symonds & Sampson is one of the leading property auctioneers within the country promoting land, farms, houses, cottages and constructing plots along with the more uncommon; beach huts, follies and waterfalls. The Assessor is at the moment accepting Casual Overview requests for the 2018 tax year from Real Property homeowners who have concerns about either their property traits or their present evaluation … Read More