I'm really not sure who is to blame the public, or the industry for this very common misconception, but I really want to clear it up. You can not tell if a building is a condominium by looking at it. Too often people think that condominiums are apartment style, when in reality a vacant lot in a subdivision can be a condominium form of ownership. So I would like to take this moment to list off the many styles of condominiums for anyone in the market.
The most well know and recognized form of a condominium would be the apartment style.
Another form of ownership is your townhouse or duplex style condominium. A large benefit to having condominium ownership of a townhouse or duplex is the condo board is responsible for exterior upkeep. Instead of mowing the lawn and shoveling the snow you can be enjoying your property.Generally all the units are painted the same color and maintained in a respectable state. For anyone that has seen an old duplex with one well maintained side, and the other side run down with towels in the windows with long unkept grass. When you look at these units you can see the need for articetual controls found within the bylaws.
The final and most mistaken from of condominium is bare land condos, these look like nothing more then a subdivided community. For this reason these cause numerous problems due to poor research by Realtors and buyers. When they find out there is a set of bylaws that come with that new piece of land that they thought they had to freedom to build to there hearts content.
So really the point of this little rant is that you can never judge a property by the cover, but you need only read the title to understand.
Rayna McKay
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