In today’s society, time is money. Location is often an important factor in selecting a suitable home; desiring a locality near work, school or important social activities is high on most people’s lists. The type of home is also an important factor reflecting the person’s lifestyle; do they want convenience over space, views over amenities, the list goes on.
With these factors in mind, it’s very important you also understand some of the differences between some of the residential choices on offer; such as condominiums, apartments, and dormitories. This way you can make an informed choice to suit your needs and budget.
A multi-level residential structure containing multiple self-contained units on each level, usually with at least a kitchenette, bathroom, sleeping area and depending on the design it also may include a dining and lounge area. The units are a studio, single or multiple bedrooms in design with building facilities often-resembling resorts; pool, gym, sauna, library, secure parking, and 24-hour onsite security.
Condominium units are individually owned and can be for sale or rent, and often available for foreign ownership. Importantly electricity and water charges are usually at government rates, and there are often additional common area fees to maintain the condition of facilities, grounds and consumption usage (electricity/water).
A multi-level residential structure containing multiple self-contained units on each level, similar in nature to condominiums, usually with significantly less building facilities on offer.
An important distinction between apartments and condominiums is that all the units within the apartment building are owned by the same owner, and cannot be purchased individually. Thus residents are only entitled to rent units, but usually at cheaper rates than comparable condominiums due to the difference in facilities.
However, a note of caution, another important distinction between apartments and condominiums is that electricity and water fees are often charged at significantly higher rates above the government rate, set by the apartment building owner’s discretion.
Most of the rental housing is located near private educational institutions. Most of them will be divided into small rooms. And cheaper than the apartment. To accommodate students coming from different provinces and come to find accommodation near those schools.