Envy Apartment

In truth, there is no real physical difference between what defines an apartment and what defines a condominium . They typically offer the same range of amenities, but the ownership of the property is where the real difference exists . Apartment units contained within a single complex are generally owned by the corporation or business that built the complex in the first place. Those individual units are then leased by an overarching management system that controls all the units. Condos, however, are owned much differently. Each unit in a condo complex is owned by an individual, and a homeowners association typically handles property management . That means most condos are rented from the owner of the condo itself, and not an overarching owning entity like with apartments. There are still some differences in the rental experience that one should expect, which are outlined below. Financial Costs In terms of month-to- month rental fees , condos and apartments are usually priced sim...

When most people think about renting, they think about apartments. An apartment is a dwelling that is owned by a landlord and leased to a tenant for the purposes of earning rental income . Condominiums, or condos for short, are dwellings owned by individuals which collectively comprise a homeowner’s association. What some people may not realize is, condos can also be rented and renters seeking housing may have the option to choose between a condo and an apartment. What you may be thinking is, what’s the better option for renters, a condo or an apartment? Both condos and apartments have benefits, and at first glance, the two may seem to be a lot alike. There are, however, differences in condo living vs. apartment living. Today I will discuss a few of the benefits of each type of rental dwelling, and what makes the two types of housing different from a renter’s perspective. Costs: Apartment and condo rentals are often priced similarly, however, there are some benefits of renting a cond...

Cincinnati—2013 was a good year for the Cincinnati apartment market , as the city experienced an increase in demand thanks to improving employment , income growth and a swelling millennial population . According to Marcus & Millichap, 600 apartments were delivered last year, vacancies dropped to 4.5 percent—the lowest year-end level in years—and average rents were fast approaching $800 per month. And the commercial real estate brokerage firm expects Cincinnati ’s apartment market to perform the same this year. Forbes recently reported that Cincinnati is the third most affordable city in the United States. Although the median price for a new home in the area was set at around $133,000, the rental market was still the top performer last year. And apartment rents are expected to continue to increase in 2014, for the fifth consecutive year. All of this is thanks to the growing population of young professionals. Cincinnati’s 20- to 34-year-old population, with its live-work-play lifes...

UPDATE: The fire at Tivoli Apartments has been declared as an accidental fire with an undetermined cause, stated by Seminole County public information officer Paula Thompson . The Seminole Building Official determined the fire- damaged apartment building is unsafe to enter. Advertisement “This is primarily due to the thousands of gallons of water utilized during extinguishment of the fire that creates a potential risk for a ceiling collapse that could have hundreds of pounds of weight falling on someone inside the structure,” reads a statement released by Seminole County Fire Department . The building has been handed back over to Tivoli property management . The American Red Cross , University of Central Florida and Tivoli Property Management are working to relocate residents. Seminole County Fire Department fire truck and views the burned apartment building , which was claimed a total loss. Photo by Katrina Poggio." width="300" height="200" class...

Most Americans are behind on their savings. The median amount the average American family has saved for retirement is just $5,000, according to a recent report from the Economic Policy Institute . Even among those nearing retirement age (age 56-61), the median amount saved is a mere $17,000. Also, while the cost of living in the U.S. varies depending on the area of the country, it's generally becoming more expensive to cover the basic necessities. Once you consider the costs of healthcare, long-term care, and other expenses you may incur during retirement, it may be more expensive than you think to retire comfortably. But who says you have to retire in the U.S.? With increasing healthcare costs , a shaky Social Security program , and rising home prices , it may be a good idea to pack your bags and consider moving abroad during retirement. Here are a few cities that may be a good choice for retirees looking for a more affordable lifestyle. Image source: Getty Images. 1. Kingston,...

WASHINGTON, Nov. 09 /CSRwire/ - Students who live in affordable, subsidized housing will have the opportunity to pursue their dreams of higher education through a scholarship fund that is receiving a donation of $140,000 from Apartment Investment and Management Company (Aimco).   Aimco Senior Vice President Patti Shwayder presented the contribution to Denise Muha, Executive Director of the National Leased Housing Association , for the NLHA Education Fund , which provides tuition assistance through the Aimco Cares Opportunity Scholarship and several other award categories.  The check presentation took place last week during the NLHA Fall Seminar at the Washington, D.C. Marriott.     “We are so proud to be helping the amazing young men and women through the Education Fund and the Aimco Cares Opportunity Scholarship .  These talented students come from diverse backgrounds and circumstances, but all share the same goal of earning a college degree,” said Shwayder.  “Our scholars are...

Lon Horwedel | AnnArbor.com Ann Arbor’s Hidden Valley Club apartment complex is a local example of a $ 70 billion national real estate problem : Securitized commercial loans that are in default. A foreclosure notice on the 324-unit complex near Briarwood was filed in late April, despite months of ongoing conversations initiated by the owner to modify the loan. The loan itself - which totals $18.1 million - is complicated, since it’s one among billions in real estate investments that were repackaged and sold to Wall Street investors during years of peak real estate prices . So are the circumstances behind the loan default, said Hidden Valley Club co- owner Jeff Starman . The most obvious is the drop in the property’s value as rental rates fell below levels to cover loan payments . Other factors include a national real estate climate in which banking consolidations after the lending crisis and the sheer volume of properties in securitized loans - known as Commercial Mortgage B...

click to enlarge Bridgeview Village apartment complex for several days. - DUSTIN WATERS" /> Dustin Waters Flooding closed off the main entrances to the Bridgeview Village apartment complex for several days. As days of heavy rain swelled the Cooper River, residents of the Bridgeview Village apartment complex were trapped. Even Monday evening, the community’s two main exits on North Romney Street remained impassable for most vehicles. With the help of police, residents of the 300-unit complex say they were able to move the dumpsters blocking a single-lane road that cuts through the woods surrounding the complex. Although it doesn’t have a name, that road now serves as the only way in or out of the neighborhood. But for the first few days, even it was too flooded to use. “They opened that up Sunday. So Friday, Saturday, Sunday — it was three days we were stuck here,” says Charles Smith, age 69, whose apartment looks out onto the knee-deep wat...

The long retail spine of Sydney Road, Brunswick, just north of Melbourne's CBD, was once a prosperous trading outpost on the way to the goldfields. These days it's a bohemian mix of variety stores, op shops, halal butchers and Lebanese bakeries. Take a side street to the west, however, and a different picture emerges. Sandwiched between Sydney Road and the Upfield train line is an area undergoing rapid and widespread transformation. Light industry is fast being replaced by mid- rise apartment buildings , their inhabitants attracted by the short commute into town and cheaper prices than in the city's south-east. The quality of these units is, on the whole, depressingly bad; think poor ventilation and bedrooms that "borrow" natural light (a weasel word for being dark and windowless). The occasional jazzy façade tries feebly to make up for otherwise cheap construction amid a chorus of greys. At ground level, carpark roller doors alternate with mean pocket garden...