Condominium Style Communities and House Building Companies

A condominium style community is a group of buildings within the same boundary lines with bifurcated units for a residence owned by people. Condominiums are often referred as condos. These condos are of a distinct size and infrastructural designs, but the living units of the condos often share walls. Only the interior of the unit can be owned by its resident and not the entire property, say a unit on the 5th floor is owned by a person, then the ground on which the building or unit is situated and terrace can be shared but cannot be owned by individuals. Residents must maintain the interior of the unit. The exterior components of the building or buildings, lawn, terrace, pools and other commonly shared places by the owners of the units of a condominium are maintained by the Homeowners Association. Interior of the condos should be insured by the residents whereas for external factors in condominium style community can be insured by HOA with the consent of all the residents by proportionate pooling of money for insurance.

Duties and Responsibilities of Condo owners:

The condominium owners should know the relationship between ownership and responsibility.

Benefits of living in a condominium:

Limitations of living in Condominium style communities:

Due to certain drawbacks of Condominium style communities, people prefer living in houses. But again the process of getting a house built is not at all an easy task. It is often considered to be a lifetime investment. Here are certain basic points to be considered before choosing among the house building companies:

choosing the house building company to consider the following points:

After clarification of all the doubts only proceed with signing a contract for building up a house with the company.

The construction of a house building goes through various phases:

  1. External construction: laying foundation, domestic water system, electricity fittings and retaining walls etc.
  2. Internal construction: plumbing, insulation, ceilings and flooring, ventilation and internal wiring etc.
  3. Finishing up construction: cabinetry, interior decorating, furnishing, painting, appliances and toiletry etc.

Advantages of having a house:

Drawbacks of having a house:

Conclusion:

The kind of residence that is condominium style community housing or individual housing to be chosen depends upon multiple reasons such as affordability, size of family, location needs and many more. Apart from this, another important thing is thorough verification of documents both with the contracting company in case of condominium and house building company in case of the housing, and inspection of the building and surrounding areas should be done carefully for the area chosen for the dwelling.