While apartments and condos may seem similar, differences in the ownership arrangement can also affect renters. Understanding what your new home may look like and what you may be responsible for can help you make an informed decision. The following guide outlines some of the biggest distinctions between these two types of housing.

Top 3 Apartment & Condo Differences

1. Maintenance

Most apartment complexes have their own dedicated maintenance staff. Tenants can typically submit work orders online or by calling the rental office. However, larger complexes may experience service delays if several requests come in at once.

Condo owners usually covers maintenance costs, but they may not always be able to respond as quickly, especially outside normal business hours. If you’re renting from a management company rather than an individual owner, they may also have a preferred contractor in the neighborhood.

2. Interiors

Apartment complexes tend to prioritize durability over style, so the units may have basic features and amenities rather than upgraded finishes. Keeping the unit simple but comfortable helps the property manager control costs, so first-time renters can afford to get into the market.

Condos are typically more customized to appeal to long-term tenants. There may be more variety in layouts between the units, and you’re more likely to find upgraded countertops, cabinets, and flooring. The appliances may also be higher quality or have a desirable stainless steel finish instead of plain black or white.

3. Fee Structure

Apartment renters pay fees that generally cover maintenance costs and some utilities. However, not all utilities may be included. You will also typically need to pay a security deposit and an application fee.

In a condo, you will pay a monthly rent fee, and the owner may or may not cover utilities. The condo may be part of a neighborhood association or homeowners association (HOA), so there may be additional fees to help maintain shared spaces. The fees may be included in your monthly rent payment or sent directly to the HOA.

Whether you’re looking for an apartment or a luxury condo, you can count on Buckner Properties in Cookeville, TN, to help you find the right match. Serving Putnam County since 1964, their friendly team can help you get into a new home fast. They offer convenient property tours to help guide you in your decision. To learn more about their available properties, visit them online or call (931) 526-2104.