subject: Advantages Of Condominiums In The Philippines [print this page] Condominiums have become rather popular in the Philippines. Over the course of its years, condominiums in the Philippines have steadily increased as well as the number of new condo for sale Philippines. So what makes a condominium very popular compared to houses? Well one answer to that is its affordability.
Advantage of Condominiums compared to Houses
One apparent advantage of houses from condominiums is that a condo unit is much more affordable than that of buying a house. Although there are units which can cost as much as a house, many would still opt to buying a condo unit because of its other advantages. Most condo for sale Philippines are located in small footprints of a city, such as in Makati which is considered today as the business district of the Philippines.
Being in a small footprint of a city, condominiums are normally accessible to business and commercial avenues while providing a comfortable living space. Other than that, most condominiums are also known for their luxurious facilities such as recreational areas, gyms, swimming pools, and more. However, how can condominiums compete with apartments in terms of affordability?
Advantages of Condominiums compared to Apartments
In terms of cost, apartments are known to be more affordable compared with condominiums. Studio type apartments are known for their affordability. Commonly known as the bachelor apartment, these types of apartments are perfect for non-married people. The advantage of apartments is its similarity with most condominiums. Some apartments are also known to offer the same luxury found in most condominiums. However, the difference is that condominiums are owned individually while apartments are rented by tenants. It means that condominiums have a sense of permanence compared to apartments.
Advantages from other types of housing
Other than houses and apartments, many have also come to consider that condominiums are far more popular than townhouses. Townhouses, similar to condominiums, are also known for their location as well as the luxury they can provide. However, townhouses may cost as much as houses does, making it more applicable to the wealthy. Condominiums are more on a low budget but livable space. These are the reasons why condominiums are still very popular for many Filipinos as well as the increasing numbers of condo for sale Philippines. For more information visit to our site at http://www.atayala.com
