What Is A Condominium? Kiniian Hunian With Many Excessives Compared To Apartments

Illustration of what condominium (Unsplash/Paul Schewczyk)

YOGYAKARTA - Vertical housing has begun to be built and is favored by the people of Indonesia. Apartments and condominiums are two popular terms in vertical residential properties. However, many do not yet know what condominiums and their property are.

Kondinium does have a design or shape similar to apartments. Kondinium is a popular residence in the United States, Britain, Canada, and India. In Indonesia itself, condominium housing is still less popular than apartments. It is natural that many are still confused when they hear the term condominium.

Kondominium is an alternative for people who want to have a place to live at a more affordable price. In addition to having an advantage in terms of price, condominiums are also in a strategic place with urban areas. In order to be able to understand further about condominiums, let's see the meaning of condominiums and the difference between them with apartments.

Kondominium is a type of vertical or residential residence whose shape extends upwards. The word condominium is a term word in English condominium, which comes from the Latin con which means jointly and dominium which means ownership.

Kondominium is a large property complex consisting of residential units of individuals owned separately from other individuals. However, communal, parking lots, gyms, swimming pools, and so on.

The ownership of condominiums is non-exclusive because there are management parties who manage condominiums. Construction management typically consists of a board of unit owners overseeing the complex's daily operations, such as maintenance and cleaning of places.

The fundamental difference between condominiums and apartments is in terms of ownership status. Condominium housing is provided by condominium management for its residents. So the condominium is sold for ownership of the person who bought it. However, condominiums are still managed under management.

Meanwhile, apartment housing is owned by a property management company. Apartments are provided for the purpose of being rented out to prospective residents. So the occupants of the apartment do not have ownership status of the occupied apartment.

Condominium buyers will receive agreement documents and requirements from condominium management. The documents contain rules that condominium owners adhere to, such as the use of restricted areas and general areas. It is also contained rules regarding the selection of management to manage the condominium complex.

Condominium owners pay residential expenses to flat associations. These costs generally include building insurance costs, shared utilities, and fund reserves for future building maintenance.

The costs paid can also include funds for management companies that manage condominiums. Condominium fees can increase, especially if the building requires great care.

Choosing a house requires serious consideration because it involves the comfort of living and daily activities. Homes or residences can be called the biggest investment in life, because they are to meet the needs of the family down to the future of the children.

There are several advantages to condominium housing. Here are some of the benefits that condominium owners will get.

One of the advantages of condominiums is the location where it is strategic. Kondominium is close to business centers, entertainment, and government from an area. Thus, owners carry out activities or jobs easily and easily access to various entertainment venues.

More cost-effective

Kondominium is also quite profitable for individuals who want to reduce cost of owning a home. Condominium housing costs are cheaper than buying or building an independent house.

Another reason that is quite fun from condominiums is the existence of various facilities that can be used. These various facilities include swimming pools, gyms, working spaces, parks, and so on. So residents don't have to bother getting out of the complex to look for these facilities.

Guarantee Security

Kondominiums have high security and prevent the possibility of theft or intruders breaking into the home complex. Generally condominiums apply security technology to maintain the safety and comfort of their residents.

Kondominium is perfect for those of you who prefer to live flexibly or without restrictions. Condomination status is home ownership, so there are no personal lifestyle limits in condominiums.

That's what condominium is and the difference is with apartments. There are various advantages or benefits you can get from staying in a condominium.

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