Moreover, are flats and apartments the same thing?
A flat, similar to an apartment, is a housing unit that's self-contained but is part of a larger building with several units. While the words apartment and flat are often used interchangeably, some people refer to single-storied units as flats because of their "flat" nature.
Secondly, can an apartment be called a house? The term "apartment" can be generically applied to any residential unit inside a building. The building can be a house, townhouse, large residential building, and even condominium high-rise where owners sublet their units. Generally, what sets apartments apart from the rest is that they are rented units and not owned.
Beside above, is it better to buy or build an apartment building?
Building will always be more expensive than buying an existing building. Often there are new taxes on new builds that older buildings don't have to pay, like Mello-Roos (sp?) taxes. Permits, and cost of new building materials, cost for new utility hook-ups - all very expensive.
What is an apartment home?
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.
