Condo vs. Apartment Rental Considerations

Condo vs. Apartment Rental ConsiderationsRenting a dwelling comes with many options and features. From condos to homes to apartments, there is a unit to fit any need. However, many people don’t understand the difference between renting an apartment and renting a condo. While apartment living is pretty straight forward, condos require a bit more preparation and research. With that said, let’s take a closer look at the differences between renting an apartment and renting a condo. In addition, don’t forget to secure your belongings with a comprehensive Connecticut Renters Insurance policy.

Condo renting pros.

Typically, people buy condos and rent them out to others. This means that they have more invested in the place and are more likely to take good care of it. Furthermore, there are traditionally more amenities offered by condo associations such as pool and lawn care, gyms, upgraded appliances and sometimes even a concierge, says Rent.com. Since your landlord is the owner of the unit, any issues that occur can be directly discussed with them and fixed promptly.

Condo renting cons.

Naturally, HOA fees apply to condo residents to maintain the upkeep of common areas. While some fees are included in the rent, you often are required to pay an additional amount to cover HOA expenses. Furthermore, because condo owners are required to pay for any repairs, unlike living in an apartment, those costs may trickle down to you, based on your landlord’s preferences. Lastly, finding a condo may prove to be difficult as some associations don’t allow the owners to rent it out. Therefore, take your time and determine if these stipulations are things you can work with.

At Byrnes Agency, we are here to serve your renter’s insurance needs. Our cost-effective solutions and our dedication to customer service have allowed us to serve Connecticut for over 80 years. For more information, contact us today at one of our three locations.

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Dayville Office

Phone: (860) 774-8549
394 Lake Rd
Dayville, CT 06241
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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Norwich Office

Phone: (860) 886-5498
6 Consumers Avenue
Norwich, CT 06360
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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Woodstock Office

Phone: (860) 928-7928
1226 Connecticut 169
Woodstock, CT 06281
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

 

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