Hi, could some please explain the differences between all these types of housing residences:-
1)Condominium
2)Apartments
3)Flat
4)Bunglow
5)Townhouse
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Condominiums (condos), Apartments, Flats, and Townhouses are all names for the individual units within a multi-unit residential building. A flat is what an apartment is called in Europe/Britain, and that is a living space (including a kitchen, bedroom, and general private place for humans to exist) that is in a building with several of them; this can be in towers or long rows, I am currently in an apartment.
Condos are also often like this, and the main difference between an apartment/flat and a condo is that an apartment is typically owned and managed by a property management company and then leased out to occupants who don’t own the space, just pay to live there on a lease. Condos, conversely, are bought and sold, usually with the help of a mortgage, and once the full value of the condo (plus whatever interest the bank takes for the mortgage service) is paid off, you own that condo, but *only* the unit that is your living space, not the other units above, below, and next to you.
The best way to think about these, IMO: If you take a block of single-family, single-story houses, and pull them all together so that they’re touching side to size, with the “front door” of each house put facing a hallway of some sort, then you stack more blocks of housing on top of those and put stairs and elevators in. That’s an apartment complex or condo complex in a nutshell: complete homes all tucked into a smaller space.
This is all distinct from, say, a dorm room or barracks, because each unit is self-contained, whereas most dorm rooms only have places to sleep and (sometimes) go to the bathroom, but you’re expected to use communal living and cooking/eating spaces in those sorts of arrangements.
A townhouse is one of many homes that are typically narrow and multi-story, that are wall-to-wall on the sides but have a front and back lawn area that is fenced off. You can think of it as existing in between a single-family home with its own surrounding lot on all 4 sides, and a condo that is only surrounded by other condos or hallways.
Then there’s the Bungalow – this is just a specific type of house design, typically a single story or, if you’re fancy, a single story with an attic that is only enclosed by the roof, not a ceiling of any sort (aka an “attic”) – these are typically just another type of single-family home.
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