Advantages Of Apartments And Condominiums

When it comes to types of housing in the Philippines other than houses

, apartments and condominiums are known for its popularity among many Filipinos. One common problem in the Philippines today is the lack of housing with proper accessibility to business and commercial areas. Most houses available today are found in the outskirts of a city. Another factor is that houses are very expensive. Renting a house could also be as expensive. This is the reason why apartments and condominiums became popular for most Filipinos.

Advantages of Apartments and Condominiums

The advantage of renting an apartment or buying a condo unit is its affordability compared to buying or renting a house. Studio type apartments have been one of the most popular types of apartments for many Filipinos today. According to many philippines homes experts, Studio type apartments tend to be the smallest types of apartments with the lowest rents in a given area. Condominiums, however, may be a bit costly compared with apartments, but not as expensive as buying a house.

Another advantage of apartments and condominiums are its location. Many condominiums available today are found in small footprints of a city, such as those found in Makati. The advantage of this location is the accessibility to business and commercial districts, Makati being the biggest business district in the Philippines. Similar to condominiums, many apartments have also set foot on these locations, providing the same accessibility to that of condominiums.

Other than its cost as well as its location, most condominiums have also been known to provide luxury to its owners. According to many philippines homes experts, while within walking or mass transit distance, condominiums are known to provide luxurious living to its owners such as providing pools, gyms, as well as recreational areas for the owners. Some apartments, however, may not provide these accommodation. But what is the difference between an apartment and a condominium?

Difference of Apartments and Condominiums

In terms of building structure, there isn't any difference between an apartment and a condominium. Both are known as a type of multi-unit dwelling, whereas owners and tenants would own or rent a single unit in a building. According to several philippines homes experts, the same building developed as a condominium could actually be built someplace else as an apartment building. The difference is the form of ownership. Apartments are usually rented to tenants while the land lord retains the ownership of the whole apartment building. Condominiums, on the other hand, is sold to different owners while facilities such as allways and recreational facilities, are jointly owned by all the unit owners in the building. For more information visit to our site at http://www.atayala.com

by: Deirdre Gonzales

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