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Elmsford, New York - 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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    Community Associations Institute
    Alexandria, VA 22314
    Community Associations Institute (CAI) is a national organization dedicated to fostering vibrant, competent, harmonious community associations. Get networking and resources from our organization.
    Adam Painting & Home Improvement, Inc.
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    Levine Travel
    434 Hasbrouck Blvd., Oradell, NJ 07649
    Vacation Condo rentals on Florida's Gulf Coast in Indian Shores/Indian Rocks Beach area, which is located between Clearwater and St. Pete Beach, 30 minutes west of Tampa. Gulf front condos on beach.
    (201) 523-1059
    Nehemiah Condos
    912 Union Ave, Bronx, NY 10459
    (2) Reviews Write a review
    (718) 542-4340
     
    User Review: "Do not rent or buy these condos! these condos were poorly constructed and in major need of repair. They build these condos..." - geri (NY)
    Clermont Cove Condominiums
    1 Greene St Apt Cca, Jersey City, NJ 07302
    (1) Review Write a review
    (201) 309-0729
     
    User Review: "Pros: some units still have great, unobstructed views; units are spacious; nice pool; just ok gym; nice sky lounge; ok..." - abc (NJ)
    Westchester Hills Condominium
    1800 Old Country Rd, Elmsford, NY 10523
    (914) 592-9229
    Parkview Condom
    21 Lake St, White Plains, NY 10603
    (914) 948-0113
    Heritage Tower
    15 Stewart Pl, White Plains, NY 10603
    (914) 428-5635
    Stewart Place Condominium
    10 Stewart Pl, White Plains, NY 10603
    (914) 428-2874
    Era Insite Realty Svces
    600 N Broadway Ste 23, White Plains, NY 10603
    (914) 948-3333
    Highpoint Condos
    200 High Point Dr, Hartsdale, NY 10530
    (914) 428-2367
    Highpoint Condos
    400 High Point Dr, Hartsdale, NY 10530
    (914) 686-3952
    Woodland Hills Condo
    516 Woodland Hills Rd, White Plains, NY 10603
    (914) 949-1108
    Highpoint Condos
    100 High Point Dr, Hartsdale, NY 10530
    (914) 949-1456
    Landmark Condo
    18 N Broadway, Tarrytown, NY 10591
    (914) 631-0568
    Edgemnt At Tarrytwn Condminm
    301 Martling Ave, Tarrytown, NY 10591
    (914) 631-4400
    Highpoint Condos
    300 High Point Dr, Hartsdale, NY 10530
    (914) 946-3705


    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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