Kanat Sultanbekov on Real Estate: Condos vs. Apartments
Kanat Sultanbekov on Condos vs. Apartments: The Difference Investing in real estate can be confusing, especially if you're a beginner. One of the most common areas of confusion is between different types of units that are packed inside a singular building and share walls. What's an apartment, and what's a condo? The main difference between an apartment and a condo is their ownership. Although they may seem similar, condos are owned separately. Apartments are generally packaged together under a single deed. Fortunately, it's easy to understand the difference by examining public records and title work. images.pexels.com What is an apartment? An apartment is a dwelling unit attached to other units contained within the same building, notes Kanat Sultanbekov. Anything smaller than five units together is generally named by the number of units; two units in one building is typically referred to as a duplex, four units is referred to as a quadplex. But techni...