By now, most people know the basics about condominium buildings.
The top-tier, multi-family units are made of a concrete core with steel reinforcement that is used to support the weight of the building.
The middle- and lower-level units, on the other hand, are built of a similar material with a thin layer of wood that is then coated with plastic and then bolted to the top.
The bottom-level, or single-family, units are usually made of brick.
There are exceptions, but the bulk of condominium construction is made up of single- and two-family homes.
And there’s a lot of variation in the construction techniques used in each type of cond, with the most common type being a single-story, two-story structure with a number of levels.
The question of which type of building to buy is complicated, and one can easily end up spending months researching and researching about each and every condominium.
This article explores the pros and cons of the two most common types of condopresidence.
A brand new Victorian condominium has opened for sale in Carlton for a staggering $4 million.
The new home is in the Melbourne suburb of Horizon, which is a few hundred kilometres north of Melbourne and in the foothills of the Blue Mountains.
The condominium sits on the corner of Westbury Road and Mollie Road, which has a population of around 300.
A number of high-profile homes have recently opened up on the property, including the $6.7 million new home by a luxury furniture retailer.
A large section of the property is still being redeveloped, with plans for the entire site to be converted into a residential development.
The property is listed for sale at $4,746,944, which according to property website realestate.com.au is equivalent to an average Melbourne house price of $1.4 million per square foot.
There are currently three other properties on the site.
The buyer has yet to be named, but it is not yet clear whether the condominium will be converted to a rental property or remain an office building.
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