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Evansville, Indiana - Condominiums & Townhouses search results Premier Listings

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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    The Plaza Downtown
    1230 E. Michigan, Evansville, IN 47711
    The Plaza Downtown featuring 21 Luxury Condominiums with select river views and open rooftop with full riverview and downtown Evansville. Great Amenities! Great location!
    (812) 568-7710
    Continental Towers Condominium
    1100 Erie Ave, Evansville, IN 47715
    (812) 476-6126
    Belle Manor Owners Association
    600 S Cullen Ave, Evansville, IN 47715
    (812) 479-3341
    The Reserve
    700 Reserve Blvd, Evansville, IN 47715
    (812) 475-9700
    Hampton Court Condominiums
    125 Buckingham Dr, Evansville, IN 47715
    (812) 477-6171
    Senate Estates Condominiums
    810 Senate Ave, Evansville, IN 47711
    (812) 421-8327
    Rentals Jade
    317 E Poplar St, Harrisburg, IL 62946
    (618) 294-8888
    Chambers Court
    100 North Dr, Hopkinsville, KY 42240
    (270) 885-0680
    Mt Vernon Place Townhomes LLC
    900 Jones St, Mount Vernon, IL 62864
    (618) 242-1500
    Cobblestone Crossings
    7020 Clubhouse Ln, Terre Haute, IN 47802
    (812) 299-3909
    Sunnydale Acres Condos
    360 Pascoe Blvd Apt A1, Bowling Green, KY 42104
    (270) 781-2063
    Pointe Connection
    9394 S Strain Ridge Rd, Bloomington, IN 47401
    (812) 824-2050
    Woodcrest Court Owners Assoc Inc
    2608 E 2nd St, Bloomington, IN 47401
    (812) 339-4631
    Pegasus Properties
    9370 S Strain Ridge Rd, Bloomington, IN 47401
    (812) 824-3230
    AAA Extended Stay Furnished At Condor Court
    165 Jack Miller Blvd, Clarksville, TN 37042
    (931) 980-2908

    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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