subject: Condominiums Over Apartments [print this page] Condominiums Over Apartments Condominiums Over Apartments
What is the best type of residentialPhilippines properties today? In the past, apartments (building) are some of the most popular types of housing in the Philippines. Part of what made it popular is because of its location, which allowed residents to be within walking distance or mass transit distance to their workplaces.
Today, however, apartments are now second best when it comes to providing the best location a house can have. This is when condominiums were first introduced in the market. Condominiums are some of the most popular types of residentialPhilippines properties today. Part of its popularity in the market is because of the same reason why apartments became popular, its location. Condominiums Vs. Apartments
According to many experts, condominium is a term used to define a type of housing in which units in an apartment or a townhouse are individually owned, while the rest of the condominium such as hallways, elevators, heating and cooling systems, as well as recreational facilities, are owned by all condominium owners.
Although many people would notice that apartment (building) and condominiums are practically the same, the difference is with its ownership, in which condominiums are mostly owned while apartments are normally leased or rented to tenants by its landlord, which is an advantage that made condominiums popular in the market. But what it made more popular is because of its location.
Similar to apartments, condominiums are mostly found in areas near or even within popular business districts as well as commercial areas. This gives it residents to have a living space within walking distance from their workplaces or popular commercial areas such as malls or even parks.
Though condominiums and apartments (building) are practically the same in their benefit, there is one advantage of living in a condominium. And this is its maintainability as well as security. Although most of these types of apartments are also known for its security, condominiums are said to be the only type of housing within this locations which are known for their maintainability. This is because condominiums hire their own maintenance personnel, which are paid by the residents, to maintain the livability of their condominium.
There is also the benefit of amenities. A number of new residentialPhilippines properties such as condominiums around Metro Manila are known for its amenities that residents can freely but exclusively enjoy. These new types of condominiums are known as condominium complexes. Though found in areas away from the city, these new types of condominiums are still more popular than apartments (building) because of its amenities.
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