subject: Advantages Of Condominiums In The Philippines [print this page] Looking to buy some condo for sale Philippiness? Well lucky for you, because the number of condominiums for sale in the Philippine market has steadily increased throughout the course of its years, providing different benefits and advantages to its owners and tenants. But what are the reasons why many Filipinos would rather live in a condo rather than to buy a whole house or townhouse or rent an apartment?
Advantages of Condominiums
Condominiums are known for their many advantages which is why many have come to own a condo unit rather than house. But what is a condominium? A condominium, or condo, is the form of housing tenure and other real property where a specified part of a piece of real estate is individually owned. Although a unit is owned individually, facilities such as hallways, heating system, elevators, and exterior areas such as recreational facilities are jointly owned by all the unit owners in the building.
Although apartments may seem similar to condominiums, both in units and facilities, condominiums are known to provide a sense of permanence. This is because condo units are usually sold to individual owners while apartments are rented or leased to tenants. Another popular advantage of condominiums from other types of housing is its location.
Most condo for sale Philippines today are found in areas near or inside a business or commercial district. Being in close proximity to these areas, residents could easily get to work while avoiding rush hour or to relax while strolling down commercial areas. However, the real reason why condominiums became popular is because of its affordability.
Compared to buying a house or a townhouse in today's market, condominiums are known to be far less expensive. Townhouses, though provide a more luxurious life, are more expensive that houses. Condominiums are known to provide the same type of luxury found with townhouses but with a price more affordable to the middle class of society. However, there are condo for sale Philippines which can cost as much as houses or even higher. These places are usually known for their luxurious facilities such as swimming pools, gyms, spas, and recreational areas.
Other advantages
Other advantages of owning a condominiums is with its maintainability. Compared to owning a house, condominiums has their own maintenance personnel that keeps the livability of their condominium. Security is also one of the few reasons why condominiums are popular.For more information visit to our site at http://www.atayala.com.
