subject: Benefits and Drawbacks in Buying a Condo and Buying a House [print this page] Benefits and Drawbacks in Buying a Condo and Buying a House
There are instances when the prices for a house in Manila can set buying a property outside of the reach of the normal family. Builders are eager to encourage possible homeowners that a condominium unit may be much better suited to their financial position. Buyers should take into account the rewards and negatives that are inherent to a condo and a house, and determine which option is matched to their situation.
The principal edge of a condo over a house is its practicality. The more busy someone living is, the less time they have to clean their property. A condo building will frequently have a group of repair and upkeep staff readily available for any unit keepers to call upon. A condo unit, as opposed to a house in Manila, will also free owners from any yard work or physically demanding residence upkeep tasks.
An additional edge to a Manila condo is the location. Many condo builders build in the middle of big metropolitan areas, never too far from main roads or business centers. The common condo is based within walking distance of important services, such as laundry providers and eating places. The easy access of condo units to fiscal and business centers also indicates that they ensure an ideal home for employees.
One can find, of course, a few downsides. Charges for a condo for an extended time period can occasionally accumulate to over the sum it would take to buy a house in Manila. Aside from the monthly mortgage on the unit, tenants must also furnish a maintenance fee. This charge is for the upkeep of the common parts of the condo. There are situations where a person may find he is shelling out more every month for the condo than he would be paying if he had purchased a house of identical worth.
Philippine houses also have their own advantages over a condo unit. A house would be more family-friendly in comparison with a condo unit. There is more breathing space for kids, and many of the houses in the marketplace enable them to have separate rooms to themselves. A house can also permit pets that are not likely to be permitted in a condo unit. For people with families, a house also gives more privacy, with no other owners in the same building.
A house in Manila also offers up far more livable space. Adults and children similarly require their very own areas to have plenty of time to themselves. Possible buyers who have space-intensive hobbies would also be better off with a house and not a condo. Working from home is also normally more pleasant in a house. The extra space indicates that there is much more room for all that an individual owns.
Unlike a Manila condo, a house would call for the owner to compensate for all servicing expenses on his own. This would mean that anything that must be repaired must be taken care of out of the owner's pocket. Any maintenance service staff must also be called by the owner rather than be supplied by building administration. The bigger the property is, the more time and money must be invested in it. On the bright side, this can increase the house's resale price down the road if carried out effectively.
The choice to buy a house in Manila or go for a condo instead is an issue that should not be taken without due consideration. There are clear advantages to both, and a prospective owner should examine their needs before making a choice.
