subject: Learning The Pros And Cons Of Condos And Houses In The Philippines [print this page] Learning The Pros And Cons Of Condos And Houses In The Philippines
What is the best? Houses or condominiums? Condominiums have become a very popular type of housing in the Philippines, though it was only recently that it was introduced.
However, although the market today has been dominated by condominiums, houses are still considered as a formidable competitor by the condominium industry because of its benefits as well as the understanding that many Filipinos have with houses. So which of these are the best?
Pros and cons of condominiums
Pros
Location: One reason why condominiums became popular is because of its location. Most condominiums are found near or inside popular business and commercial districts. Because of this, residents are given the advantage of living within walking distance or mass transit distance to their workplaces and popular commercial spots.
Maintainability and security: Another reason why condominiums became popular is because of its maintainability and security. Condominiums mostly hire people to look after the livability of their condominiums, assuring that all facilities functions and all common areas are maintained properly. Its security, on the other hand, assure the safety of their residents.
Amenities: A new addition to its advantages, many new condominiums today, such as the condominium complex, are known for its amenities that allows residents to freely enjoy and exclusively. These involves swimming pools, gyms, parks, and playgrounds.
Cons
Condo fees: These fees are separate from the bills paid by residents for water and electric. These fees are mostly used for the maintenance of all facilities found in the condominium, from its amenities to its common areas such as elevators, hallways, and many more. These fees can range from P500 Philippine Pesos to more than a thousand Pesos.
Rules and regulations: Other than the fees, condominiums are also known for its rules and regulations that should always be followed, though some of these may seem too much such as restricting children within their compound.
Expensiveness: One major disadvantage of condominiums is its expensiveness, which can be more expensive than buying a newhouse for sale Philippines.
Pros and cons of houses
Pros
Family-oriented: Most houses are known for their family-oriented benefits, such as being found in the suburbs, away from the busy streets of business and commercial districts. However there are also new condominiums which can provide a much more family-oriented location, but are more expensive.
Affordability: Houses today, particularly the newhouse for sale Philippines, are known for its affordability, which makes it more popular for the larger market of Filipinos.
New amenities: New houses found in housing communities are also known to provide the same amenities that condominium complexes are known for, but more affordable than these condominiums.
Cons
Location: Most houses are found in the suburbs, subdivisions, in the outskirts, or even in provincial areas, which makes it harder for its residents to get to business and commercial districts where they mostly work.
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