Apartment House
APARTMENT
(in American English) or flat (common in British English) is a self-contained housing unit (a type of residential real estate) that occupies only part of a building. Such a building may be called an apartment building, apartment house (in American English), block of flats, block, high-rise or, occasionally mansion block (in British English), especially if it consists of many apartments for rent. Apartments may be owned by an owner/occupier by leasehold tenure or rented by tenants (two types of housing tenure).
The term apartment is favored in North America (although flat is used in the case of a unit which is part of a house containing two or three units, typically one to a floor), whereas the term flat is commonly, but not exclusively, used in the United Kingdom, Ireland, Singapore, Hong Kong and most Commonwealth nations.
Apartment house, also called apartment block, or block of flats, building containing more than one dwelling unit, most of which are designed for domestic use, but sometimes including shops and other nonresidential features.
* ADVANTAGES
High security
Some apartment buildings have high levels of security. For example, to enter a high-security building, a person must validate their smartcard at the door. In some apartments, while at the lift, the smartcard would be used again to be able to press the button for lift access. Finally, the person walks towards apartment and uses his key to unlock the entrance door. This 2- or 3-tier security will, in most cases, prevent home invasions and theft. Some buildings may have a doorman to guard the premises.
Real estate investment
The total cost for the construction of an apartment is much less than the cost invested in the construction of a single house. When the cost of a single unit in the apartment is compared to a single house of the same dimension, the difference in cost is very large. The cost of land is shared by all the owners of the apartment.
Disposable income
(in American English) or flat (common in British English) is a self-contained housing unit (a type of residential real estate) that occupies only part of a building. Such a building may be called an apartment building, apartment house (in American English), block of flats, block, high-rise or, occasionally mansion block (in British English), especially if it consists of many apartments for rent. Apartments may be owned by an owner/occupier by leasehold tenure or rented by tenants (two types of housing tenure).
The term apartment is favored in North America (although flat is used in the case of a unit which is part of a house containing two or three units, typically one to a floor), whereas the term flat is commonly, but not exclusively, used in the United Kingdom, Ireland, Singapore, Hong Kong and most Commonwealth nations.
Apartment house, also called apartment block, or block of flats, building containing more than one dwelling unit, most of which are designed for domestic use, but sometimes including shops and other nonresidential features.
* ADVANTAGES
High security
Some apartment buildings have high levels of security. For example, to enter a high-security building, a person must validate their smartcard at the door. In some apartments, while at the lift, the smartcard would be used again to be able to press the button for lift access. Finally, the person walks towards apartment and uses his key to unlock the entrance door. This 2- or 3-tier security will, in most cases, prevent home invasions and theft. Some buildings may have a doorman to guard the premises.
Real estate investment
The total cost for the construction of an apartment is much less than the cost invested in the construction of a single house. When the cost of a single unit in the apartment is compared to a single house of the same dimension, the difference in cost is very large. The cost of land is shared by all the owners of the apartment.
Disposable income