Condo Fun Facts
There is no doubt that real estate can be an excellent part of anyone’s investment strategy. However, before buying your first house, condo, duplex, flat, or apartment building to rent out, you need to have a good idea of what you’re getting into. If you are planning to buy, or rent a condo around Nigeria, feel free to consult Property List Hub. Surely, you will probably need an expert and some condo fun facts when you have concerns regarding your real estate transaction.
What is difference between apartment and condo?
The biggest difference between a condo vs. an apartment is ownership. An apartment is defined as a residence that is rented, often as part of a larger residential building. A condo is similar in structure to an apartment — usually a unit within a larger residential building — but condos are owned instead of rented.
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How long can a condominium last?
Most of the new condominium projects today are designed and built with modern techniques and durable materials to endure the ordinary wear and tear of everyday use. Modern condos will likely remain in good shape even after 50 years.