Trying to decide to buy a home or a condo? What are the main differences?
In Cayman, we call apartments something that you can rent and usually the whole complex is owned by one owner and one title.
You can also rent a condo or villa, which is like an apartment but the complex most likely has a lot of different owners, some live in owners other owners purchase for investment and rent it out long term or short term.
Everyone says location, location, location is the key to real estate, that is true and the second primary issue for a buyer is should you buy a condominium with shared communal property or a home with your garden, you would own the house and all the land on that parcel title. However, condo ownership is inside the property only, and you