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Bellbrook, Ohio - Condominiums & Townhouses search results Premier Listings

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Important Terms about Condominiums

Condominiums are popular among people who want to combine the most convenient aspects of apartments and home ownership. They can be an attractive option for those who no longer wish to rent or lease the property they live in. If you're thinking of moving into a condominium, you may be confused by the unique terminology you may run into, so let's define certain key terms associated with them.

  • Condominium - A type of multi-unit housing in which each unit is owned by its occupant, who in turn holds partial ownership in the other areas of the building. It differs from an apartment building in that the residents do not rent but own the units. Each owner is responsible for the sale of his or her unit. They can also rent or lease the unit to another party.
  • Common elements - The areas of a condo that collectively belong to its residents. These can include pool areas and laundry rooms. Limited common elements are those allocated to some but not all of the condo residents.
  • Condo association - An organization involved in regulating various aspects of the condominium property, such as making repairs. Condominium residents are typically required to pay a monthly fee, often called an assessment, to the association. The association can be made up of condominium owners or professional managers. Sometimes called a homeowners association.
  • Reserve fund - The money set aside by the condo association for maintenance and repairs.
  • Waterfront condo - A condominium built next to a body of water, such as an ocean, lake, or river. Due to high demand, waterfront condos sales usually command premium prices.
  • Townhouse - A type of housing arrangement in which houses are set in a row and share walls.
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    Coach House Manor Condominium Owner's Assn
    2255 Coach Dr, Dayton, OH 45440
    (937) 434-4574
    Normandy Commons
    5837 Overbrooke Rd, Dayton, OH 45440
    (937) 291-3565
    Heritage Knoll
    5536 Bigger Rd, Dayton, OH 45440
    (937) 203-8745
    Stonebridge Apartment Homes
    4481 Stonecastle Dr, Dayton, OH 45440
    (937) 458-3151
    Carriage Trace Management
    6089 Single Tree Ln, Dayton, OH 45459
    (937) 434-8899
    Greenbrier Homeowner Association
    1225 E Alex Bell Rd, Dayton, OH 45459
    (937) 435-4831
    Crosstowne Properties Inc
    665 Ballymeade Village Dr, Dayton, OH 45434
    (937) 320-1010
    McEwen Road Condominium
    7812 Mcewen Rd, Dayton, OH 45459
    (937) 428-0998
    Scarborough Development G
    11 Scarborough Village Dr, Dayton, OH 45458
    (937) 885-9090
    The Reserve at Miller Farm
    551 Shelbourne Ln, Dayton, OH 45458
    (866) 308-7617
    Simms Charles Development Corp
    1789 Placid Dr, Dayton, OH 45458
    (937) 436-2913
    Victoria Glen Condominiums
    1022 Bayberry Dr, Waynesville, OH 45068
    (513) 897-9709
    Carillon House Assoc Inc The
    2230 S Patterson Blvd, Dayton, OH 45409
    (937) 293-1162
    The Villas At Beavercreek
    2380 Locust Hill Blvd, Dayton, OH 45431
    (937) 429-7766
    Mallard Landing Apartments
    2372 Mallard Ln, Dayton, OH 45431
    (866) 362-2338

    Condominiums are essentially apartments that a person owns rather than rents or leases; they also might pay association fees to help with the maintenance of the building and grounds around the condos. Condominiums usually will contain kitchens, laundry rooms, and multiple bedrooms and can be very luxurious or have a very contemporary look. Condominiums also often come with 24 hour security services. Buying and selling condos is usually done by real estate agents but they can also be put up for sale by the previous owner. Condominiums differ from townhouses in the fact that condominiums can be high rises, multi-bedroom, or even similar to the style of a hotel, whereas townhouses usually only have one or two units per building and are houses rather than high rise buildings. Many new condominiums offer luxury features and can be found in any part of the cities including downtown. Real estate agents will also offer more services when dealing with purchasing condos rather than renting apartments. An excellent way to get more information about the differences between condos both old and new, townhouses, and luxury vacation sales is to speak with a real estate agent who has access to multiple listings in all areas. Other information can usually be found through online sites and sometimes brochures that include property for lease, condo listings, and vacation property for sale. Many people consider condos more of a home than apartments because they own them rather than rent them. Condominiums can include almost anything from luxury kitchens, multiple bathrooms, and can even come completely furnished. They may be downtown or in the suburbs and they can come in almost any size.
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