Buying Condo Vs Apartment: What Should You Choose? Condo and apartments have a thin line of difference and some people confuse it to be same, but the fact is far away from people’s belief. Both are one type of residential units in a confined building. But if you need to compare them for buying your next house then there are differences that you need to look after. And only after checking the pros and cons of each style, you should make your decision. There are many companies running the services of condos or apartment, one such company is the tapestry which is into various types of condos, available best for their customers. But before coming to any conclusion let us decide the difference between both of them, so you can make a sound decision.
While it is quite inevident by just looking at both type of residential units, there are some factors that might affect the decision of the buyer. You can rent both an apartment or a condo. But, typically a condo is bought on lease an the apartment is kept for rent purpose. You can use loans to pay for your condo purchase and while apartments are not owned but rented on monthly payments.