Compared to buying a whole house or a townhouse, condominiums are usually more affordable. But what other advantages does a condominium hold that made it popular for many Filipinos?
Condominiums are one of the most popular types of housing in the Philippines today. What made it popular is its affordability. Compared to buying a whole house or a townhouse, condominiums are usually more affordable. Usually ranging from half the usual price of a house, ranging from P500,000 Philippine Pesos to P1,000,000 Philippine Pesos. But what other advantages does a condominium hold that made it popular for many Filipinos?
Advantages of owning a condominium
Other than its affordability, another popular advantage of owning a condominium is its location. Most condominiums available in the Philippines today are found near or small footprints of a major city, such as the many makati condo. Being inside a major city such as Makati City allows residents to be within walking or mass transit distance of business and industrial areas of the city. This makes it easier for them to avoid the much dreaded rush hour.
Other than those found inside a city, such as those makati condo, other condominiums are also found outside of the city, particularly in the outskirts, near provincial regions. These types of condominiums are usually known for their luxury. Compared to buildings, these types of condominiums are more like a townhouse complex, complete with resort facilities such as swimming pools, gyms, parks and playground equipment, but much more affordable compared to townhouses found in these types of complexes.
Another popular advantage is amenities. Owning a condominium such as those mentioned above, allows residents to enjoy amenities which are usually very expensive when it comes to houses. Townhouse complexes are also known for these amenities, however, townhouses of these kinds of are usually more expensive than houses.
Other advantages
Other advantages of owning a condominium, may it be those found inside a city, such as those makati condo, or those found in provincial areas, are its maintainability and security. Condominiums are usually known for their month fees, which could be a disadvantage for some, however, these fees are used to maintain all those found in a condominium building or complex as well as for added security.
Comparison to apartments
Many Filipinos favored living in apartments over condominiums because of its affordability. This is because apartment units, such as the studio type apartments, are usually rented or leased to tenants, not unlike condo units in which the owner would have to buy it. However, the advantage is that Filipinos could fined a more permanent sense of residence in condominiums compared to apartments.
Condominiums are one of the most popular types of housing in the Philippines today. What made it popular is its affordability. Compared to buying a whole house or a townhouse, condominiums are usually more affordable. Usually ranging from half the usual price of a house, ranging from P500,000 Philippine Pesos to P1,000,000 Philippine Pesos. But what other advantages does a condominium hold that made it popular for many Filipinos?
Advantages of owning a condominium
Other than its affordability, another popular advantage of owning a condominium is its location. Most condominiums available in the Philippines today are found near or small footprints of a major city, such as the many makati condo. Being inside a major city such as Makati City allows residents to be within walking or mass transit distance of business and industrial areas of the city. This makes it easier for them to avoid the much dreaded rush hour.
Other than those found inside a city, such as those makati condo, other condominiums are also found outside of the city, particularly in the outskirts, near provincial regions. These types of condominiums are usually known for their luxury. Compared to buildings, these types of condominiums are more like a townhouse complex, complete with resort facilities such as swimming pools, gyms, parks and playground equipment, but much more affordable compared to townhouses found in these types of complexes.
Another popular advantage is amenities. Owning a condominium such as those mentioned above, allows residents to enjoy amenities which are usually very expensive when it comes to houses. Townhouse complexes are also known for these amenities, however, townhouses of these kinds of are usually more expensive than houses.
Other advantages
Other advantages of owning a condominium, may it be those found inside a city, such as those makati condo, or those found in provincial areas, are its maintainability and security. Condominiums are usually known for their month fees, which could be a disadvantage for some, however, these fees are used to maintain all those found in a condominium building or complex as well as for added security.
Comparison to apartments
Many Filipinos favored living in apartments over condominiums because of its affordability. This is because apartment units, such as the studio type apartments, are usually rented or leased to tenants, not unlike condo units in which the owner would have to buy it. However, the advantage is that Filipinos could fined a more permanent sense of residence in condominiums compared to apartments.
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