A condominium usually known as a condo features many dwelling units on one property and the owners share the exterior of the buildings and certain communal facilities. Renting a condo may make more sense if you are not fully settled in your area. It offers you more flexibility to relocate as the need arises. Condo payments will stay fixed as you pay it off. This gives it the feel of a hotel but with the comfort of an apartment. Condo is the kind of property where a specified part of a piece of real estate usually an apartment or house, is individually owned.
The decision of whether to buy or rent a condo depends on several factors. Like Condos usually have association boards and committees that are comprised of residents to manage the community. They have a much stronger voice within their community and how regulations and bylaws govern the community while apartment renters are mainly at the whims of their landlords. The management helps to maintain and upkeep the high standards and allows the condo for rent Gombak to retain its real value. Residential condos are detached condos, which look the same as single family homes but where the exterior is jointly owned by the owners, and management fees are collected to ensure a high level of maintenance.