A Condo can be 1 floor, or two and can have a basement or no basement. Sometimes there will be neighbors above, below or both. If you own a condo, you do not own the land surrounding your living space.

Do higher floor condos cost more?

The first thing you should know about apartments on higher floors is that they are going to cost more. If you are living in a complex that has 2, 3, or 4 stories, more than likely the price is going to be the same no matter what apartment you rent because the difference in features between the apartments is negligible.

What’s the difference between a PUD and a condo?

The difference between an HOA-run condo townhome and a PUD townhome is who owns the land on which the structure sits. In a condo situation, the association owns the land. In a PUD, the homeowner owns the land and is free to use the land more or less when and how they wish.

Do condos have shared walls?

Similar to apartments, condos can vary in size or style, ranging from individual homes to high-rises, but they often share walls with adjacent units. Unlike apartments, residents own and maintain the interior of their unit.

What is the difference between suite and unit?

A flat or a unit or apartment simply refers to a living space that you may or may not own, but likely rent. These are three ways of describing the same thing. A suite is a fancy living space and is typically located in a hotel. You neither rent it nor own it but are there as a transient.

Where does the Sun Go in a condo?

This means the path of the sun goes through the sides of your unit, rather than the front and back (as the sun’s path is East to West). As such, you don’t get direct sunlight throughout the entirety of the daytime. The units tend to be cooler, and dimmer.

When to pick the best launch condo unit?

Now, depending on if you are looking at a new launch or resale condo, one of the main advantages of looking at a new launch condo early is you get to pick the best unit. But for a lot of new buyers, this gets tricky in showflats.

Which is the best orientation for a condo?

This means the path of the sun goes through the sides of your unit, rather than the front and back (as the sun’s path is East to West). As such, you don’t get direct sunlight throughout the entirety of the daytime. The units tend to be cooler, and dimmer. A south-east orientation is the next most popular choice.

What to look for in a ground floor condo?

Ground floor units also tend to have more lavish Private Enclosed Spaces (PES) than top floor units. For example, instead of just a narrow balcony, they may have a patio extending out onto the lawn. This might be appealing, if you like to host gatherings in the semi-outdoors.