Learning More On Condos
Learning More On Condos
Learning More On Condos
There are many types of housing in the Philippines today that allows Filipinos the freedom to choose which ever type of house fits their needs. And one of the most popular type of housing in the Philippines today are condominiums. Condominiums are types of housing in the Philippines which quickly became a very popular type of housing for many Filipinos, particularly in Metro Manila.
The reason why condominiums became very popular is because of its many benefits which include its location, amenities, maintainability and security. Due to its demands, many newcondo Philippines are being built around the country, such as the many new condominiums in Metro Manila. Though condominiums have become a very popular type of housing, many are still oblivious of what condominiums are.
What is a condominium?
According to many professionals, condominiums are a type of apartment or even a house which is different in terms of ownership or what the experts commonly call as housing tenure. The housing tenure condominium is a type of ownership in which each unit in a building, or a house, is individually owned. But all facilities found in the building or compound, such as recreational facilities, hallways, elevators, are jointly owned by all the owners.
Similarities with apartments
Condominiums and apartments (building) are physically similar with each other. So what made these two types of housing different? The main difference of condominiums and apartments is with its ownership. Though a building to be used as an apartment can also be used as a condominium, or vice versa, the difference lies with its ownership, in which condominiums are individually owned while apartments are rented.
Condominium's popularity in the Philippines
The reason why condominiums became very popular in the Philippines is because it shares the same benefits of apartments (buildings) found near major business districts in the Philippines such as Makati City or in Ortigas, Pasig City. Because of its location, condominiums allows their residents to live within walking distance or mass transit distance to their workplaces or popular commercial areas. However, other than its location, condominiums do have its own advantages compared to apartments.
Other than its ownership, which protects its residents from eviction, allcondo Philippines are also known for their maintainability as well as security. Though apartments are also known for their security, condominiums are mostly known for their maintenance personnel that assures the livability of their condominiums, while its security reassures the safety of their residents.
However, what made these newcondo Philippines more popular in the market is because of its amenities such as swimming pools, gyms, and other popular recreational facilities such as parks and playgrounds which gives its residents exclusive rights to enjoy.
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