Differences of Apartment Buildings and Condominiums in the Philippines
Differences of Apartment Buildings and Condominiums in the Philippines
Condominiums and apartment buildings are some of the most popular types of housings in the Philippines today. Part of the reason is because most of these types of housings can offer the accessibility to workplaces and entertainment places that many Filipinos are looking for in today's modern and fast-paced lifestyles.
Though similar in their benefit, condominiums and apartment buildings have their own unique advantages which set them apart from each other. So what are their unique advantages which made them popular and modern?
Differences of Apartment Buildings and Condominiums
Other than their location, most condominiums and apartment buildings share similar physical appearance, particularly with the built of their buildings. This is the reason why many Filipinos have had a hard time determining if a building is an apartment building or a condominium. The first difference between condominiums and apartment buildings is its type of ownership.
According to many Philippine real estate experts, condominium units are owned by different owners, while apartment buildings are usually rented, and that the ownership still remains with its landlord. This is also the first advantage of apartment buildings compared to condominiums, which is its affordability.
However, other than its location, condominiums are also known for their maintainability and security, which is unlike that of apartment buildings. Because of its own maintenance personnel, condominiums can maintain its luxurious interior and exterior designs while its security personnel assure the safety of all their residents, particularly because most condominium residents are of high stature.
But other than condominiums, many of the newer apartment buildings had also included such advantages along with the same affordable modern housing which made these types of housing more popular for more Filipinos.
However, there are also other benefits of condominiums other than its maintainability and security. This is with its amenities. According to Philippine real estate experts in the Philippines, condominiums became popular not only because of its location, but also because of its amenities, such as its own gym, an indoor swimming pool, as well as a full-size sports complex.
New Apartment Buildings and Condominiums
There are a number of new condominiums and apartment buildings available in the Philippines today. There are new types of apartments in the Philippines today which aim to offer housing for Filipino families such as the one/two/three bedroom apartments.
Condominiums such as condominium complexes had also gained a lot of popularity for many Filipino families. According to many Philippine real estate experts, though most of these types of condominiums are found in the outskirts or even in the provinces, condominium complexes can offer peace and relaxation, as well as a number of new amenities such as recreational parks and playgrounds.