The Good And The Bad Of A House

Houses was one of the most popular types of residence in the Philippines

. However, most Filipinos today tends to look at other types of houses other than the typical house, such as townhouses, condominiums, as well as apartments. This is because of the many benefits that these types of houses have over the conventional homes in philippines.

However, there are certain advantages of owning a house rather than any other types of houses, particularly with condominiums. This is the reason why there are many Filipinos that still wishes to own a house of their own. So what are the advantages of owning a house rather than any kind of housing in the Philippines?

Advantages of a normal house

Condominiums and townhouses are very popular among many Filipinos today. Although condominiums have only been recently introduced in the Philippine market, it quickly became very popular among the Filipinos because of its advantages and benefits. One popular advantage of owning a condominium compared to homes in philippines is its affordability.

Most houses today cost around P2,000,000 to P10,000,000 Philippine pesos. Condominiums, however, may cost only half these costs. Unlike in the past in which the wealthy is said to be the only ones that could afford to buy a condominium unit, condominiums today became more affordable compared to houses, usually ranging from P500,000 to P2,000,000 Philippines. This however depends on its location.

Townhouses, on the other hand, is known for its luxury which is why townhouses became popular for the wealthy. However, the advantage of houses over these condominiums and townhouses is that compared to townhouses, houses are more affordable. Compared to condominiums, houses are more family oriented because of its size.

Compared to apartments, however, majority of Filipinos today live in apartments. The reason why apartments became popular is because of its affordability. However, apartments could only provide a temporary state of residence unlike condominiums and houses which offers a more permanent state of residence.

Disadvantages

The disadvantage is that these types of houses are usually found in the suburbs, which puts it away from major business and commercial districts, unlike most condominiums which is found inside or near these areas. Another disadvantage is that most homes in philippines and the land they sit on are expensive, and the combination of monthly mortgage, insurance, and property tax payments is greater than monthly rental costs.

For more information visit to our site at http://www.atayala.com

by: Deirdre Gonzales

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