The financial aspects differ significantly between condos and apartments. Renting an apartment involves paying a monthly rent to the landlord or property management company, which often includes utilities and maintenance costs. Renters do not build equity in the property and are subject to rent increases at the landlord's discretion. In contrast, owning a condo involves mortgage payments if financed, property taxes, and monthly maintenance fees paid to the condominium association. Condo owners have the opportunity to build equity and may benefit from property appreciation over time. To get more info visit here #townhousevssinglefamily