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The Differences Between An Apartment And A Condo In Westfield

March 15, 2023
Exterior view of a blue and brown brick apartment building at Ivy Flats Apartments
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The first time someone sees a condo, they are typically amazed by how identical it seems to an apartment. As you might have guessed, there is a logical reason for the bewilderment as they are the same type of living space! With that being said, there are a few key variances that may make one a better match for you and your family members.

Is a condo or apartment in Westfield best for you? Let's take a look at what you should know to make the right call.

Ownership Is The Most Important Piece of the Puzzle

As was already established, condos (or condominiums) and apartments are virtually an identical type of living space. The most important difference between a condo or an apartment in Westfield is who owns it. Let’s investigate this a little more.

An apartment is a rented unit under the control of a property management company. This organization is then accountable for the entire complex. A management team is employed to look after the property and its tenants. You don’t own the unit. Instead, you’re a Resident who consents to rental terms with the building’s owner.

A condo is controlled by a solitary person or business, generally either a landlord or possibly yourself. Even though your dwelling is within a larger community like an apartment, all condos are owned privately. You may have sole ownership of the condo, in the same way 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 just like a house. This “house” is then located in a residential building or housing plan.

Advantages To Choosing An Apartment In Westfield

Modern gray living room at Spark Apartments 

Due to the fact that the management team is responsible for the unit, they are required to take care of the upkeep. You won’t have to purchase a mower or snowblower, they will handle all of the upkeep for you! You’ll also have maintenance staff to help with all of the items that come with your place, like the furnace, water heater, and air conditioner. Is the refrigerator not working? Just reach out to your maintenance technicians and have it repaired at no added charge to you!

An additional difference between a condo and an apartment in Westfield is the majority of apartment leasing has possibilities for different time frames. If you move frequently for work, you might have the chance to find flexible lease terms, allowing you to avoid a lengthier rental arrangement every time you move.

Pros To Buying Or Leasing A Condo

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

While it’s nice to have things like maintenance professionals at the ready, apartments have limitations on the changes you can make to your dwelling. But, If you own a condo, the sky’s the limit! You’re free to renovate, update, and paint however you like! A condo may be the wise choice if you are looking to put down long-term roots and invest in property. It is a large investment upfront, so expect to remain put for some time to make it worthwhile.

A Few Additional 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 Westfield is amenities. You can expect these to differ significantly between each apartment or condo property. Apartments may come with access to a fitness center, pool, dog park, clubhouse, and maybe one or more walking trails. Most condos are a part of a neighborhood homeowner’s association (HOA), meaning you’ll likely still have advantages like an outdoor pool or professional landscaping as an ownership perk.

Ready To Locate Your New Home In Westfield?

If you’re in the process of deciding between a condo or apartment in Westfield, you will locate an amazing place to come home to at Harmony Apartment Homes. We have roomy designs, wonderful staff, and sought-after amenities. Call and talk to one of our friendly leasing specialists, or just schedule a tour to get started.