Advantages Of Condominiums From Other Types Of Housing

The number of condo for sale Philippines have steadily increased these past few years

. Some of which became very popular while some suffered major losses because of the competition. However, over the course of its years, as well as with the continues demand for more condominiums, the numbers are still increasing in the market. So what makes a condominium very popular compared with other types of housing?

Compared with houses

Compared with houses, condominiums are known to be far more efficient in terms of accessibility as well as cost. Many condo for sale Philippines are found near business and commercial districts, making it easier for owners to travel back and forth from their own homes to work and recreation. Another advantage is the cost. Most condominiums in the Philippines are far cheaper than houses, making it easy for people to start with their own lives, though there are condominiums that costs more than houses.

Compared with Apartments

Condominiums and apartments are usually similar in advantages compared to owning a house. Apartments, similar to condominiums, are made up of multiple dwelling units. If a building is made of many apartment units, then the building is usually known as an apartment building. According to many professionals, the benefit that one could get from a condominium could also be the same with an apartment. However, many have stated that apartments, particularly the studio types, are even cheaper than condominiums. However, the advantage of condominiums is that it provides a more permanent state of residence. The difference between an apartment and a condominium is the ownership.

Apartments are usually owned by one or more entities, in which units are rented out to tenants which pays a monthly fee whereas a condominium is usually owned individually. Each unit is owned by an entity while other areas of the condominium such as hallways, elevators, and recreational areas are jointly owned as a whole. This makes a condominium at an advantage than apartments.

Compared with Townhouses

Similar with many condo for sale Philippines, townhouses have also been known for its location near business and commercial areas. This allows it to be within walking or mass transit distance of business and industrial areas of the city, yet luxurious enough for wealthy residents of the city. This is because townhouses are known for their facilities such as swimming pools, gyms, parks and playground equipment. The only drawback is the costs of these townhouses.

Most condominiums, particularly those located in the outskirts of a big city is also known to provide the same luxury in which townhouses became popular with, such as facilities like swimming pools, gyms, parks and playground equipment. However, condominiums are much more affordable than townhouses.

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by: Deirdre Gonzales

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