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What Is The Difference Between A Condo And An Apartment In Brownsburg

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

Whenever a person first sees a condo, they are typically surprised by how close it appears to an apartment. As you might have guessed, there is a good reason for the confusion as they are the same style of living arrangement! However, there are a few important differences that could make one a perfect match for you and your family.

Is a condo or apartment in Brownsburg suitable for you? Let's check out what you ought to know to make the right call.

The Unit’s Ownership Is The Biggest Factor

As was already established, condos or condominiums and apartments are virtually an identical type of living space. The largest difference between a condo or an apartment in Brownsburg is ownership. Let’s break it down a bit more.

An apartment is a place you rent that is under the ownership of a property management business. This organization is then accountable for the whole complex. A management team is available on-site to look after the property and its occupants. You won’t own an apartment. As an alternative, you’re a Resident who signs a lease with the property owner.

A condo is controlled by a lone person or business, typically either a landlord or possibly yourself. Although your dwelling is in a building or community in the same way as an apartment, every condo is owned separately. You can 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 Brownsburg is that a condo is obtained just like a house. That “house” is then located in a multi-family building or complex.

Advantages To Leasing An Apartment In Brownsburg

Modern gray living room at Spark Apartments 

Because the property management group is ultimately responsible for the unit, they are required to complete the regular service and repairs. No need to purchase a lawnmower or snowblower, they will handle all of the property care for you! You can also rely on maintenance personnel to service or repair all of the items that come with your rental, like the furnace, water heater, and air conditioner. Is your heater not working? Simply contact your maintenance technicians and get the problem addressed at no added expense to you!

An additional difference between a condo and an apartment in Brownsburg is most apartment leasing has opportunities for different time frames. If you relocate frequently for your occupation, you could be able to secure shorter lease terms, allowing you to avoid a hefty rental arrangement 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 great to have perks like maintenance professionals standing by, apartments come with constraints on the changes you can make to your dwelling. But, If you are the owner of a condo, you can do as you please! You’re free to update, paint, and renovate as you see fit! A condo might be your best bet if you want to put down long-term roots and invest in property. It is a considerable commitment, so expect to stay in one place for a few years to reap the most reward.

A Couple Extra Considerations

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 Brownsburg is amenities. You can expect these to differ extensively between each apartment or condo community. Apartments may give you access to a fitness center, pool, dog park, clubhouse, and sometimes some nature walks. Almost all condos fall within a community association, which means you’ll likely still get features like an outdoor pool or professional landscaping as a perk of ownership.

Ready To Find Your Next Home In Brownsburg?

If you’re in the process of deciding between a condo or apartment in Brownsburg, you will locate a fantastic place to call home at Union Green. We have sizable floor plans, courteous staff, and popular amenities. Call and speak with one of our staff members, or simply schedule a tour to get started.