Friday, February 12, 2010

Advantages And Disadvantages Of Owning A Condo Unit

There are many reasons as to why condominiums became popular. One is because of the luxury it provides to its residents as well as its location. So what are reasons why condominiums became popular in the Philippine market?


One of the most popular types of housing in the Philippines today are condominiums. There are many reasons as to why condominiums became popular. One is because of the luxury it provides to its residents as well as its location. So what are reasons why condominiums became popular in the Philippine market?

Advantages of buying a condo unit

Affordability
Part of what made condominiums popular, aside from its luxurious feeling, was because of its affordability. Compared to other types of housing, such as townhouses and house, condominiums would usually cost less than half the cost of these types of housing. A townhouse from a luxurious complex would usually cost around P5,000,000 to P10,000,000 Philippine Pesos while houses would cost around P2,000,000 to P10,000,000 (depending on the location). According to philippine real estate experts, condominiums would usually only cost around P500,000 to a million Philippine Pesos which is far more affordable than townhouses and houses.

Location
Although there are townhouses and houses which are near major business districts, their numbers are usually limited. Condominiums, however, are easily found in these areas. According to many philippine real estate experts, most condominiums available in the market today are found near or within major districts such as those found in Makati City. This locations allows residents to be within walking or mass transit distance of business and industrial areas of the city, yet luxurious enough for wealthy residents of the city.

Amenities
Another popular feature of owning a condo unit is its amenities. Amenities such as swimming pools, gyms, parks and playground equipment are usually the highlight of most condominiums in the Philippines, particularly those found in large condominium complexes. Townhouses are also known for these types of amenities, however, condominiums are far more affordable than townhouses.

Disadvantages of buying a condo unit
Other than advantages, there have also been several disadvantages to owning a condominium. One is the monthly fees. These fees are separate from monthly electric, water, and mortgage bills. According to philippine real estate experts, these fees are used to maintain all that is found in a condominium building or complex such as the maintenance of gardens, parking lots, security, hallways, elevators, and many more.

Another is the space. Condominium units are usually smaller than townhouses. Unlike townhouses in which a resident owns a whole floor of a building, condominium residents owns only a single (depends if the resident bought 2 or 3 more units) per floor.

What Is A Townhouse?

Other than its luxury, what is a townhouse? Although townhouses have been one of the oldest types of housing not only in the Philippines, but across the world, there is still little to be known of its origins as well as the types of townhouses from other countries. So what is a townhouse?


Townhouses are some of the most popular types of housing in the Philippines today. Although the rise of condominiums, as well as condominium complexes, have greatly reduced the popularly of townhouses, there are still those that can provide a life that are usually built for the wealthy. Unlike the townhouses in the past which is found in urban areas, townhouses available today are found in huge, luxurious complexes.

Other than its luxury, what is a townhouse? Although townhouses have been one of the oldest types of housing not only in the Philippines, but across the world, there is still little to be known of its origins as well as the types of townhouses from other countries. So what is a townhouse?

Brief history of townhouses
Townhouses has been one of the oldest types of housing in the world. It was first used in the United Kingdom as well as in Ireland in which it was used mostly by aristocrats. Such figures of society owned one or more country houses in which they lived for much of the year. According to philippine real estate experts, during the social season (when major balls and drawing rooms took place), and when parliament was in session, peers and the servants moved to live in their townhouse in the capital.

Townhouses in the US and Australia
Eventually, townhouses was used in other countries, particularly in North America and in Australia. These types of townhouses became popular because of their luxury as well as its location. Townhouses in the US and Australia are usually found in small footprints in a city. According to philippine real estate experts, the small footprint of the townhouse allows it to be within walking or mass transit distance of business and industrial areas of the city, yet luxurious enough for wealthy residents of the city.

Townhouses in Asian Countries
Most townhouses available in Asian countries today are found in very large complexes, usually with high security as well as resort facilities such as swimming pools, gyms, parks and playground equipment. Philippines is one of the many countries which are known for their townhouses. However, most townhouses in the Philippines are found in urban areas, usually those near business districts as well as commercial areas. According to philippine real estate experts, this is much similar with those townhouses found in the US, but less luxurious. Today, however, townhouse complexes have also become very popular in the Philippines, in spite of condominium's popularity in the market.

The Many Types Of Tenancy

There are many types of tenancy used in the industry today. Some of the most frequently used types of tenancy are the fixed-term or tenancy for years, periodic tenancy, and the tenancy at will.


In housing tenure, tenancy is one of the two frequently used types across the world, the other one being owner occupancy. Tenancy, or more commonly known as leasehold estate in some cases, is an ownership interest in land in which a lessee or a tenant holds real property by some form of title from a lessor or landlord.

Leasehold is a form of property tenure where one party buys the right to occupy land or a building for a given length of time. There are many types of tenancy used in the industry today. Some of the most frequently used types of tenancy are the fixed-term or tenancy for years, periodic tenancy, and the tenancy at will.

Fixed-term or tenancy for years
This is a type of tenancy which lasts for some fixed period of time. Although commonly called as "tenancy for years", such tenancy would usually only last for a period of time, such as for a month or even for a week. According to philippine real estate experts, termination of this kind of tenancy would automatically end when the fixed term runs out, or in the case of a tenancy that ends on the happening of an event.

Periodic tenancy
A periodic tenancy, also known as a tenancy from year to year, month to month, or week to week, is an estate that exists for some period of time determined by the term of the payment of rent. This is somewhat different from Fixed-term tenancy in which the payment would dictate how long would the tenant stay in an apartment.

The landlord may terminate the lease at any time by giving the tenant notice as required by statute. Typically, the landlord must give six months' notice to terminate a tenancy from year to year. According to philippine real estate experts. tenants of lesser durations must typically receive notice equal to the period of the tenancy. The notice must also state the effective date of termination, which, in many jurisdictions, must be on the last day of the payment period.

Tenancy at will
A tenancy at will is a leasehold such that either the landlord or the tenant may terminate the tenancy at any time by giving reasonable notice. According to philippine real estate experts, it usually occurs in the absence of a lease, or where the tenancy is not for consideration. A tenancy at will terminates by operation of law, if the tenant violates a certain law, such as the tenant commits waste against the property or when the tenant attempts to assign his tenancy.

Thursday, February 11, 2010

Why Houses Are Still Popular

Although most would prefer to own a condo unit because of its affordability, or a townhouse because of its luxury, many would still prefer to live in a an ordinary house. So what is that? Why is it that people still wish to live in a house though there other types of houses that could provide them with better benefits?


Owning your own house is what every dreams of having. Unlike owning a condominium or a townhouse, having your own house gives you advantages which are usually not included in owning other types of housing. According to several philippine real estate experts, although buying a condominium unit or townhouse gives you ownership over a unit, there are still several disadvantages to it such as one cannot easily make changes on their units or townhouse without the consent of its committee. So what are the advantages of owning a house over other types of housing?

Freedom to make changes in one's property
Unlike owning a condominium unit or a townhouse, owning a house gives its owners the rights to modify the building and land as they please (although it may be subject to government, homeowner association, and deed restrictions, but usually not as restricting as owning a condominium or a townhouse).

Protection from eviction
Another advantage of owning your own home is it protects you from eviction. This is usually the case of owning an apartment or any other types of housing which is leased or rented to tenants. Tenancy, although allows people to have a place of residence without investing too much capital, could be easily evicted by its landlord. Having a house of your own protects you from eviction because you own the house and nobody (except maybe the government) could take you away from your own residence.

Can be inherited
Unlike owning an apartment, houses could be passed down from family to family as inheritance. According to philippine real estate experts, owning a your own house gives you the rights to occupation which can be inherited. Although it is advantageous to own your own house, there are several disadvantages to owning such a property. This includes its expenses.

Disadvantages of owning your own house
Houses and the land they sit on are expensive, and the combination of monthly mortgage, insurance, and property tax payments is greater than monthly rental costs. Buildings also gain and lose substantial value due with real estate market fluctuations, and selling a property can take a long time, depending on market conditions.

Also, according to many philippine real estate experts, compared to renters and absentee landlords, owner-occupiers are sometimes seen as more responsible toward property maintenance and community concerns, since they are more directly affected.

The Many Types Of Apartments

Some of the most recognized forms of apartments available in the market today include the studio type apartments, one-bedroom apartments, and the garden apartment complex. So what are these types of apartments?


Apartments are one of the most popular types of housing in the Philippines today. What made it popular over other types of housing was because of its affordability. This advantages made it easier for many Filipinos to find a type of residence that they could easily afford compared to actually buying a house or a townhouse.

The good about apartments is that they have several other types compared to other forms of housing. This allows people to choose from which they would likely use the apartment for, if its for temporary use or for long term. Some of the most recognized forms of apartments available in the market today include the studio type apartments, one-bedroom apartments, and the garden apartment complex. So what are these types of apartments?

Studio type apartments
A studio type apartment is a self-contained, small apartment, which combines living room, bedroom and kitchenette into a single unit, barring a bathroom. These types of apartments are usually similar to condominium units, although smaller. According to many Real estate Philippines experts, studio type apartments are considered as one of the most popular types of apartments in the Philippines.
Apartments are one of the most popular types of housing in the Philippines today. What made it popular over other types of housing was because of its affordability. This advantages made it easier for many Filipinos to find a type of residence that they could easily afford compared to actually buying a house or a townhouse.

The good about apartments is that they have several other types compared to other forms of housing. This allows people to choose from which they would likely use the apartment for, if its for temporary use or for long term. Some of the most recognized forms of apartments available in the market today include the studio type apartments, one-bedroom apartments, and the garden apartment complex. So what are these types of apartments?

Studio type apartments
Usually the smallest type of apartment, studio type apartments are known to have the lowest of rents in a given area. Popular uses of studio type apartments are for students as well as non-married individuals. Studio type apartments, however, are not perfect for large families.

One-bedroom apartments
Moving up from studio type apartments are the one-bedroom apartments. Compared to studio type apartments, according to Real estate Philippines experts, these types of apartments are usually bigger, with one bedroom separate from the rest of the apartment. The advantage of one-bedroom apartments from studio type apartments is that its usually spacious, which is perfect for small family. The cost isn't as very significant.

Aside from the one-bedroom apartment, there is also the two-bedroom, three-bedroom, and so on. The bigger it gets, however, the larger the rent would be. Small apartmentsoften have only one entrance, whereas these types of apartments may have two separate entrances, perhaps a door in the front and another in the back (still depends on the design).

Garden apartment complex
The most luxurious, and expensive, type of apartment available in the market. These types of apartments consists of low-rise apartment buildings built with landscaped grounds surrounding them. According to Real estate Philippines experts, these types of apartments are usually similar to townhouse complexes, in which each apartment has its own building entrance, or just a few apartments share a small foyer or stairwell at each building entrance.

A Feel Of Affordable Luxurious Living

There are certain types of housing which can provide the same luxury known only for the wealthy but affordable enough for middle class Filipinos. These are condominiums and apartments.


There are many types of housing available in the Philippine market today. Some can be easily afforded while some remain only for the wealthy. However, there are certain types of housing which can provide the same luxury known only for the wealthy but affordable enough for middle class Filipinos. These are condominiums and apartments.

Condominiums
What made condominiums popular in the Philippines was because of its affordability. Compared to buying a whole house or a townhouse, which could cost millions of Philippine Pesos (depending on the location), condominium units could only go up to as much as half a million to P2,000,000 Philippine Pesos. What made it more popular on top of its affordability was because of its luxurious amenities.

According to many Real estate Philippines experts, most condominiums in the Philippines, particularly the condominium complexes, are known for their amenities. Amenities include resort facilities such as swimming pools, gyms, parks and playground equipment. Aside from condominiums, most townhouse complexes can offer the same amenities. But with condominiums, Filipinos could easily enjoy such luxuries for a fraction of a cost.

Another benefit is its location. Unlike buying a house or a townhouse, which is usually found in the outskirts, most condominium buildings are found near or inside major districts, such as those found in Makati City. This allows it to be within walking or mass transit distance of business and industrial areas of the city, yet luxurious enough for wealthy residents of the city.

Apartments
Although most apartments can provide the same luxury found in condominiums, there are some which are known to provide the same luxury found within townhouse complexes. These types of apartments are known as garden apartment complexes. According to many Real estate Philippines experts, a garden apartment complex consists of low-rise apartment buildings built with landscaped grounds surrounding them.

The apartment buildings are often arranged around courtyards that are open at one end. A garden apartment has some characteristics of a townhouse: each apartment has its own building entrance, or just a few apartments share a small foyer or stairwell at each building entrance. And like most apartments, these types are usually more affordable even with condominiums.

According to most Real estate Philippines experts, the only disadvantage is that these cannot give the same permanence of residence that condominiums can give, and that these types of apartments are usually rare in the Philippines.

Sunday, February 7, 2010

Advantages And Disadvantages Of Owner Occupancy And Tenancy

The most frequent forms of housing tenure are tenancy, in which rent is paid to a landlord, and owner occupancy. And like many other forms of housing tenure, these types are also known for their advantages and disadvantages.


Housing tenure is a term used in residential real estate to define a type of ownership an individual or group has on a type of housing. On today's market, there has been many forms of housing tenure, from housing cooperative to condominiums and public housing. Other than these types of housing tenures, its most basic forms include owner occupancy and tenancy.

Owner occupancy and tenancy are the most basic and common form of housing tenure. According to many Real estate Philippines experts, owner occupancy involves a person or group that occupies a house owns the building (and usually the land on which it sits), while tenancy involves a landlord who owns an apartment or building rents the right to occupy the unit to a tenant. So what are the advantages and disadvantages of owner occupancy and tenancy?

Advantages and disadvantages of owner occupancy
Because the owner owns the house, he/she has the right to modify the building and land as they please (although some may be subjected to government, homeowner association, and deed restrictions). Owner occupancy also protects them from eviction, and creates a right to occupation which can be inherited.

However, houses and the land they sit on are expensive, and the combination of monthly mortgage, insurance, and property tax payments is greater than monthly rental costs. Buildings also gain and lose substantial value due with real estate market fluctuations, and selling a property can take a long time, depending on market conditions. According to Real estate Philippines experts, compared to renters and absentee landlords, owner-occupiers are sometimes seen as more responsible toward property maintenance and community concerns, since they are more directly affected.

Advantages and disadvantages of tenancy
Compared to owner occupancy, people wouldn't have to invest too much capital on their house (or unit). People could easily find residence through tenancy. However, there are several adverse effects to tenancy. Tenants have to pay the landowner even though they are doing all of the agricultural work. In a sense, it is a cycle where the tenant is never really able to become a landowner because they constantly have to pay the landowner, as well as other expenses.

However, according to many Real estate Philippines experts, rural tenancy has its advantages. If a person owns too much land for just their family to use, tenants can rent it and make use of the land. Also, if a landowner rents out the land, it can be a source of economic income for the tenant which may not have previously existed. In poorer communities, rural tenancy can give the tenants a chance to grow crops to sell in markets and to feed their families.

Other Types Of Housing Tenure

Owner occupancy and tenancy, being the basic form of housing tenure, can also be divided into several other forms of housing tenures. These include cooperative housing, condominiums, public housing (or in some cases, government housing), and squatting.



In residential real estate, the term housing tenure is widely used by many experts to define the type of ownership an individual has over a property. According to several experts, including those from Real estate Philippines, the two most common types of housing tenure is the owner occupancy, in which a person or a group of people that occupies a house owns the building, and tenancy, in which a landlord who owns an apartment or building rents the right to occupy the unit to a tenant.

Owner occupancy and tenancy, being the basic form of housing tenure, can also be divided into several other forms of housing tenures. These include cooperative housing, condominiums, public housing (or in some cases, government housing), and squatting.

Cooperative housing
According to Real estate Philippines experts, a housing cooperative is a form of housing tenure in which a legal entity, such as corporation, owns a residential real estate which would usually consist of one or more residential buildings. Each shareholder in a corporation, or of other legal entity, the right to occupy a unit, although it is still subjected to an occupancy agreement.

A shareholder in a co-op does not own real estate, but a share of the legal entity that does own real estate. This is, however, different from condominiums where people "own" individual units and have little say in who moves into the other units.

Condominiums
A condominium is a type of multi-unit dwelling in which each unit is individually owned while most of the condominium building (or in some cases complex) such as hallways and recreational facilities, are jointly owned. Condominium buildings and apartment buildings are usually similar in terms of appearance. The difference is ownership. Condominiums are individually owned while apartment units are rented or leased to tenants.

Public housing
One of the most common types of housing in the Philippines, public or government housing is a type of housing tenure in which the property is owned by a government authority. According to Real estate Philippines experts, although the common goal of public housing is to provide affordable housing, some types of public housing were also used to relocate another form of housing, squatting.

Squatting
Squatting is a form of housing tenure in which an individual or a group has taken residence on a lot or an abandoned building or house without the landlord's or the owner's consent. According to author Robert Neuwirth, there are one billion squatters globally, that is, about one in every seven people on the planet. According to anarchist Colin Ward, squatting is also the oldest form as well as the first form of housing tenure.

The Difference Between A Condo From An Apartment

There have been many talks and questions on what is the difference between a condominium and an apartment. And that there isn't much difference between an apartment building from a condominium building. So what is the difference of condominium buildings from apartment buildings?


Condominiums and apartments are some of the most popular types of housing in the Philippines today. One reason is that these types of housings are much more affordable than buying a house or a townhouse. However, there have been many talks and questions on what is the difference between a condominium and an apartment. According to many Real estate Philippines experts, there isn't much difference between an apartment building from a condominium building. So what is the difference of condominium buildings from apartment buildings?

Difference of apartments from condominiums
Apartments is a type of multi-unit dwelling which is one of the most popular types of housing in the Philippines. One type which is recognized around the country is the studio type apartments. A studio type apartment, or also known in other countries as studio flat (UK), efficiency apartment or bachelor/bachelorette style apartment, is a self-contained, small apartment, which combines living room, bedroom and kitchenette into a single unit, barring a bathroom.

According to Real estate Philippines experts, studio, efficiency, and bachelor style apartments all tend to be the smallest apartments with the lowest rents in a given area, which is why it became popular for many Filipinos, particularly for college students and non-married people. Condominiums, on the other hand, are normally more expensive than apartments, but affordable compared to houses and townhouses.

Condominiums is also a type of multi-unit dwelling which has recently become very popular among Filipinos. This is because condominiums are more affordable than buying a whole house or investing on a townhouse. The cost of a condo unit in the Philippine market today ranges from P500,000 Philippine Pesos to P1,000,000 Philippines Pesos (still depends on which location the condominium is standing).

Although renting an apartment is much cheaper than buying a condo unit, the advantage of condominiums, however, is that it is one of the cheapest ways to gain a more permanent residence compared to renting an apartment unit, not matter how beautiful it is. However, other than its residence difference, another major difference is the its form of ownership.

According to Real estate Philippines experts, the difference between a condominium and an apartment is purely legal: there is no way to know a condo from an apartment simply by looking at or visiting the building. What defines a condominium is the form of ownership.

The same building developed as a condominium, which is usually sold as individual units to different owners, could actually be built someplace else as an apartment building, in which the developers would retain ownership and rent individual units to different tenants.

Thursday, February 4, 2010

Popular Types Of Houses In The Philippines

Popular types of houses in the Philippines today include townhouses, apartments, and condominiums. So what made these other types of housing other than the usual house which has long been the most popular type of housing?

Other than the popular single-family detached home or commonly known as simple "house", many Filipinos have also come to consider buying or renting other types of Philippines homes. These includes the popular townhouses, apartments, and condominiums. So what made these other types of housing other than the usual house which has long been the most popular type of housing?

Townhouse
Townhouses is one of the oldest types of housing in the Philippines today. Townhouses in the past are usually found in urban areas in which rows of similar houses are easily found in many urban areas of the country. Townhouses nowadays are found not in urban areas, but in luxurious complexes complete with recreational areas such as swimming pools, gyms, parks and playground equipment.

Other than its luxurious lifestyle, some townhouses are also known to provide easy access to business and commercial districts. However, the only drawback of owning a townhouse is its cost, which could cost more than the typical house. But with functions and areas such as these, Filipinos with higher state of living have chosen to live in such a house.

Apartment
Apartments have always been one of the most popular types of Philippines homes. The reason why is that families or individual people could easily find housing with apartments compared to other types of housing. This is because apartments are usually more affordable than townhouses and condominiums. Another popular feature of apartments is with its location.

Apartments in the Philippines today are usually found inside or near business and commercial districts, making it easier for residents to get to work while avoiding rush hour. The disadvantage, however, is that apartments doesn't usually give a sense of permanence. This is because apartments are usually rented or leased to tenants, while condominiums, houses, and townhouses offer a more permanent residence.

Condominium
Condominiums are similar to apartments, which is also a type of multi-unit dwelling in which each unit is owned by an individual. The difference is that condominiums are usually bought by individual owners while apartments are rented or leased to tenants. In terms of advantages, condominiums have also been known for their benefits. However, compared to apartments, condominiums have also been known to provide the same luxury which is found with townhouses, such as its recreational areas.

Another advantage of condominiums is that these types of Philippines homes are also found in small footprints of a city, such as those found in Makati City. The small footprint of the townhouse allows it to be within walking or mass transit distance of business and industrial areas of the city, yet luxurious. The disadvantage is that some condominiums may cost more than houses while others many cost more than half the total amount of a whole house.

Advantages Of Condominiums In The Philippines

Condominiums are known for their many advantages which is why many have come to own a condo unit rather than house. But what are the reasons why many Filipinos would rather live in a condo rather than to buy a whole house or townhouse or rent an apartment?



Looking to buy some condo for sale Philippines? Well lucky for you, because the number of condominiums for sale in the Philippine market has steadily increased throughout the course of its years, providing different benefits and advantages to its owners and tenants. But what are the reasons why many Filipinos would rather live in a condo rather than to buy a whole house or townhouse or rent an apartment?

Advantages of Condominiums
Condominiums are known for their many advantages which is why many have come to own a condo unit rather than house. But what is a condominium? A condominium, or condo, is the form of housing tenure and other real property where a specified part of a piece of real estate is individually owned. Although a unit is owned individually, facilities such as hallways, heating system, elevators, and exterior areas such as recreational facilities are jointly owned by all the unit owners in the building.

Although apartments may seem similar to condominiums, both in units and facilities, condominiums are known to provide a sense of permanence. This is because condo units are usually sold to individual owners while apartments are rented or leased to tenants. Another popular advantage of condominiums from other types of housing is its location.

Most condo for sale Philippines today are found in areas near or inside a business or commercial district. Being in close proximity to these areas, residents could easily get to work while avoiding rush hour or to relax while strolling down commercial areas. However, the real reason why condominiums became popular is because of its affordability.

Compared to buying a house or a townhouse in today's market, condominiums are known to be far less expensive. Townhouses, though provide a more luxurious life, are more expensive that houses. Condominiums are known to provide the same type of luxury found with townhouses but with a price more affordable to the middle class of society. However, there are condo for sale Philippines which can cost as much as houses or even higher. These places are usually known for their luxurious facilities such as swimming pools, gyms, spas, and recreational areas.

Other advantages
Other advantages of owning a condominiums is with its maintainability. Compared to owning a house, condominiums has their own maintenance personnel that keeps the livability of their condominium. Security is also one of the few reasons why condominiums are popular.

The Perfect Home For You

There are different types of housing that you could choose from other than the single-family home, or house. These include condominiums, apartments, and townhouses. So which of these types of housing is perfect for your life style?

What are the best types of Philippines homes that you are willing to buy for your family or for yourself? There are different types of housing that you could choose from other than the single-family home, or house. These include condominiums, apartments, and townhouses. So which of these types of housing is perfect for your life style?

Townhouses
Townhouse are like a typical house. The difference is that most townhouses are built side by side, and identical to each other. Unlike a house, townhouses would usually only occupy a single floor of a building. The advantage of owning a townhouse, however, is that most of it are found in large complexes complete with high security and resort facilities such as swimming pools, gyms, parks and playground equipment.

Townhouses are perfect for people with family, with two or three kids. The good thing about this is that townhouses of these kinds would usually cost as much as houses are, but with the benefit of these amenities. However, it can still be very expensive for most people. This is the reason why condominiums became popular.

Condominiums
Condominiums are one of the most popular types of Philippines homes in the market today. What made it popular was because of its affordability. Compared to townhouses and the single-family home or house, condominiums are known only to cost half the usual price of these housings, usually ranging from P500,000 Philippine Pesos to as much as more than P1,000,000 Philippine Pesos.

There are several types of condominiums available in the Philippines. These are condominium buildings and condominium complexes. Condominium buildings are usually found inside a major city, such as those found in Makati City. The advantage of these types of condominiums is its location, which allows residents to be within walking or mass transit distance of business and industrial areas of the city. These types of condominiums are usually perfect for non-married individuals. But is also perfect for live-in couples which work around the clock.

Its counterpart, the condominium complexes, are usually found in the outskirts or in provincial areas. These types of condominiums, however, usually offer the same amenities offered by townhouses such as swimming pools, gyms, parks and playground equipment. Usually, these types of condominiums are popular for couples starting their own family or for small families, such as those with a single child. Although popular for its amenities as well as with its affordability, condominium units are usually too small for larger families.

Apartments
Another popular type of Philippines homes, apartments are usually more popular for people with limited budget. Unlike condominiums and townhouses, apartments are usually rented or leased to tenants. There are many types of apartments, there are condominiums that could be made as apartments by its owner, or townhouses which can be made as apartments by its owners. However, one of the most popular type of apartment is the studio type apartment.

A studio apartment is a self-contained, small apartment, which combines living room, bedroom and kitchenette into a single unit, barring a bathroom. Studio, efficiency, and bachelor style apartments all tend to be the smallest apartments with the lowest rents in a given area, which is why its very popular for those which are only starting out with their lives. However, houses rented to tenants could also be a perfect place for families and larger families.

The Many Advantages Of Buying A Condominium Unit

Compared to other forms of housing, such as townhouses, apartments, and most specifically houses, condominiums have grown to become a very popular type of housing because of its many advantages and benefits. So what are its advantages over other types of housing?


One of the most popular type of housing in the Philippines today are condominiums. Compared to other forms of housing, such as townhouses, apartments, and most specifically houses, condominiums have grown to become a very popular type of housing because of its many advantages and benefits. So what are its advantages over other types of housing?

Affordability
Compared to townhouses and houses, condominiums are much more affordable in terms of permanent residence. Houses and townhouses available in the Philippine market today ranges from hundreds of thousands to millions, depending on the city as well as with its location. Houses available in Manila today can go up from P1,000,000 Philippine Pesos to as much as P10,000,000 Philippine Pesos. Condominium units, on the other hand, would only cost half the original price of houses and townhouses, only ranging from P500,000 Philippine Pesos to a million.

Location
Another advantage of owning a condominium unit is its location. Most condominium available in the market today are those found inside a major city, such as in Makati City. According to Real estate Philippines experts, this allows it to be within walking or mass transit distance of business and industrial areas of the city. Another popular location of condominiums are those found outside of major cities, particularly those found in provincial areas such as Tagaytay.

The advantage of these types of condominiums (these types of condominiums are usually known as condominium complexes) are the luxury it provides as well as amenities which could cost a lot if installed in houses. Though townhouse complexes are also known for its amenities, condominium complexes are usually more affordable.

Amenities
The advantage of most condominium complexes are its amenities. These amenities include resort facilities such as swimming pools, gyms, parks and playground equipment. Installing such amenities in houses or buying houses with the same amenities could cost millions of Pesos. Although townhouse complexes has the same amenities, condominium units are usually more affordable.

According to Real estate Philippines experts, such amenities are usually available in condominium complexes. However, some condominium buildings are also known for its amenities such as pools, gyms, and other popular functions.

Permanent residence
In terms of affordability, apartments are usually more affordable. However, the advantage of condominiums are its ownership. According to Real estate Philippines experts, a condominium building and an apartment building are usually the same. The only difference are its form of ownership in which condominiums are usually sold to individual owners while apartment units are leased or rented to tenants.

Wednesday, February 3, 2010

Advantages Of Owning A Condominium

Other than its AFFORDABILITY, condominiums sold in the Philippines are also known for its other benefits. These benefits include the LOCATION of the condominium (complex or building), AMENITIES, SECURITY, as well as MAINTAINABILITY.


Popular types of residential real estate in Philippines today are condominiums. According to many experts, many Filipinos today are opting to buying a condo unit rather than a house. One reason for its popularity among many middle-class Filipinos was its affordability. Compared to buying a whole house, which would usually cost around P5,000,000 to P10,000,000 Philippines Pesos, condo units would only cost around half, ranging from P500,000 to P1,000,000 Philippine Pesos.

However, other than its affordability, condominiums are also known for its other benefits. These benefits include the location of the condominium (complex or building), amenities, security, as well as maintainability.

Advantages of owning a condominium
Aside from its affordability, another popular advantage of owning a residential real estate in Philippines such as a condominium is its LOCATION. There are different types of condominiums in the Philippines that offer different locations. These are condominium buildings and condominium complexes.

Condominium buildings are usually found in major cities of the Philippines, particularly in Makati City. The advantage of these types of condominiums is that it allows its residents to be within walking or mass transit distance of business and industrial areas of the city. Condominium complexes, however, does not offer such luxury, but it does offer a more relaxing view and sites. This is because condominium complexes are usually found in provincial areas, away from the hustle and bustles of a big city.

Other than location, its AMENITIES are also one factor that made condominiums very popular among many Filipinos. Amenities such as swimming pools, gyms, parks and playground equipment are usually not included when buying a house (although there are houses that has such amenities, these types are usually more expensive). For half the price of a whole house, residents could easily enjoy such amenities.

However, other than condominiums, townhouse complexes are also known for these types of amenities and offer larger space than a condo unit. The advantage of condominiums is that residents could easily afford such amenities without having to invest millions of Pesos to buy a townhouse. Condominiums with these types of amenities, however, are usually only found inside a condominium complex, though there are a few condominium buildings that have swimming pools and gyms inside their buildings.

MAINTAINABILITY and SECURITY are another popular feature of buying a a residential real estate in Philippines such as a condominium. Other than townhouses, condominiums are also known for their maintenance personnel that takes charge in maintaining the livability of their condominium complex or building. Another is its security, which is well paid by its residents to maintain peace and order, as well as their safety, in the whole compound.

More About Owner Occupancy And Tenancy

The legal arrangement for the right to occupy a dwelling is known as the housing tenure. The most frequent forms are tenancy, in which rent is paid to a landlord, and owner occupancy. Mixed forms of tenure are also possible. But what else do we know about these?


In residential real estate, terms such as apartments condominiums, townhouses, and the single-family detached home are used to determine a living space may it be a unit or a whole house. Although these terms are different from each other, there is one term that is used in almost any form of residential real estate. And this is the term housing tenure. So what is a housing tenure?

What is housing tenure?
Housing tenure is a term used to define a form of ownership to a residential real estate. Types of housing tenure include owner occupancy, tenancy, housing cooperative, condominiums (individually parceled properties in a single building), public housing, squatting, and cohousing. According to many Real estate Philippines experts, the most common types of housing tenure around the world is owner occupancy and tenancy.

Owner Occupancy
Owner occupancy is a term used if the legal binding of a person to a real estate is permanent, which means a house that he or she owns. There are many pros and cons of owner occupancy. One pro is that home ownership gives occupants the right to modify the building and land as they please, protects them from eviction, and creates a right to occupation which can be inherited.

One the con's side, houses and lands they sit on are expensive, and the combination of monthly mortgage, insurance, and property tax payments is greater than monthly rental costs. Buildings also gain and lose substantial value due with real estate market fluctuations, and selling a property can take a long time, depending on market conditions. According to many Real estate Philippines experts, this can make home ownership more constraining if the homeowner intends to move at a future date.

Tenancy
Tenancy or leasehold estate is an ownership interest in land in which a lessee or a tenant holds real property by some form of title from a lessor or landlord. Leasehold is a form of property tenure where one party buys the right to occupy land or a building for a given length of time. Although tenancy is advantageous compared to owner occupancy in terms of cost, there have also been several adverse effects of tenancy.

Many adverse effects come from this system. Tenants have to pay the landowner even though they are doing all of the agricultural work. In a sense, it is a cycle where the tenant is never really able to become a landowner because they constantly have to pay the landowner, as well as other expenses. According to many Real estate Philippines experts, since he is ultimately owner of the land, the landowner can also have a say in what the tenant uses the land for or what he can or cannot grow.

Advantage Of Owning A Condo Than An Apartment

Although condominiums are known for their affordability, apartments have also been known for the same quality. So what is the difference between an apartment and a condominium? And what are the advantages of buying a condominium rather than renting an apartment?


One of the most popular type of residential real estate in Philippines today are condominiums. According to many experts, condominiums are very popular among many Filipinos today. One reason for this is that buying a condominium unit is much more affordable than buying a whole house or a townhouse. However, apartments have also been known for its affordability. So what is the difference between an apartment and a condominium? And what are the advantages of buying a condominium rather than renting an apartment?

Apartments
Apartments have long been a popular type of residential real estate in Philippines. What made it popular is its affordability. Compared to buying a house, apartments offered a quicker and easier way for Filipinos to find residence without having to sacrifice too much capital. This is because apartments are usually rented or leased to tenants. There are many types of apartments available in the market. The most popular type of apartment are the studio type apartments.

Studio type apartments tend to be the smallest apartments with the cheapest rents in a given area. These kinds of apartment usually consist mainly of a large room which is the living, dining, and bedroom combined. There are usually kitchen facilities as part of this central room, but the bathroom is its own smaller separate room.

Other types of apartments include the one-bedroom apartments, in which one bedroom is separate from the rest of the apartment. Then there are two-bedroom, three-bedroom, etc. apartments. Another popular type of apartments are the garden apartment complex which consists of low-rise apartment buildings built with landscaped grounds surrounding them. These types of apartments, however, are much more expensive.

Condominiums
Condominiums, on the other hand, are very similar to apartment buildings. Condominiums, like apartments, are a type of multi-unit dwelling residential real estate in Philippines in which a unit is individually owned by its residents. This is the advantage of owning a condominium rather than an apartment. Apartments, though provide residence, may only go as far as renting the unit, and not entirely owning it. Condominiums, on the other hand, provides a more permanent sense of residence.

Another advantage of condominiums are its location as well as the luxury it provides to its residents. Most condominiums are found in small footprints of a city, allowing it to be within walking or mass transit distance of business and industrial areas of the city. The reason why it became luxurious was because some condominiums are much like a townhouse complex, which are complete with high security as well as resort facilities such as swimming pools, gyms, parks and playground equipment.

Tuesday, February 2, 2010

Popularity Of Condominiums In The Philippines

There are many reasons as to why condo units became popular for many Filipinos, as well as the steady increase of condo for sale Philippines. One common reason was because of its affordability in terms of permanence in residence.


Why is it that many Filipinos have started to like living in a condominium unit, or condo, rather than in any other kinds of housing, such as townhouses or the typical house? There are many reasons as to why condo units became popular for many Filipinos, as well as the steady increase of condo for sale Philippines. One common reason was because of its affordability in terms of permanence in residence.

Advantage of condominiums from houses
The main advantage of condominiums from houses was its affordability. Buying a house in the Philippines, particularly in central areas such as in Metro Manila, houses could range from P1,000,000 Philippine Pesos to P10,000,000 Philippine Pesos. The cost of a condo unit wouldn't go as high as that. Normally, condominiums would only range from half the typical price of a house, ranging from P500,000 Philippine Pesos to P1,000,000 Philippine Pesos.

Another major advantage of owning a condo unit rather than a house is its location. Many condo for sale Philippines are found in small footprints of a city, such as those found in Makati City. The small footprint of the condominium allows it to be within walking or mass transit distance of business and industrial areas of the city, yet luxurious enough for wealthy residents of the city.

Advantage of condominiums from townhouses
Similar to houses, the main advantage of owning a condo unit was its affordability. However, other than its affordability, condominiums also became popular because of its amenities. Amenities such as resort facilities like swimming pools, gyms, parks and playground equipment. These kinds of amenities are usually offered when buying a townhouse.

Most townhouse in the Philippines today are found in large complexes complete with these kinds of amenities as well as security and maintenance. Condominium complexes provide the same luxury yet for the fraction of its cost. Another advantage is location. Most townhouses are found in provincial areas while most condominiums are found inside or near central districts of a city.

Advantage of condominiums from apartments
These are the reasons why condo units quickly became popular for many Filipinos as well as the rapid increase of condo for sale Philippines today. However, other than condominiums, many have also been very keen to owning an apartment rather than a condo. Although condominiums and apartments are similar in physical appearance, the advantage of owning a condominium is based with its ownership. Most condominium units are individually owned while apartment units are rented or leased to separate tenants.

Advantages Of Owning A Condominium

Other than its AFFORDABILITY, condominiums sold in the Philippines are also known for its other benefits. These benefits include the LOCATION of the condominium (complex or building), AMENITIES, SECURITY, as well as MAINTAINABILITY.


Popular types of residential real estate in Philippines today are condominiums. According to many experts, many Filipinos today are opting to buying a condo unit rather than a house. One reason for its popularity among many middle-class Filipinos was its affordability. Compared to buying a whole house, which would usually cost around P5,000,000 to P10,000,000 Philippines Pesos, condo units would only cost around half, ranging from P500,000 to P1,000,000 Philippine Pesos.

However, other than its affordability, condominiums are also known for its other benefits. These benefits include the location of the condominium (complex or building), amenities, security, as well as maintainability.

Advantages of owning a condominium
Aside from its affordability, another popular advantage of owning a residential real estate in Philippines such as a condominium is its LOCATION. There are different types of condominiums in the Philippines that offer different locations. These are condominium buildings and condominium complexes.

Condominium buildings are usually found in major cities of the Philippines, particularly in Makati City. The advantage of these types of condominiums is that it allows its residents to be within walking or mass transit distance of business and industrial areas of the city. Condominium complexes, however, does not offer such luxury, but it does offer a more relaxing view and sites. This is because condominium complexes are usually found in provincial areas, away from the hustle and bustles of a big city.

Other than location, its AMENITIES are also one factor that made condominiums very popular among many Filipinos. Amenities such as swimming pools, gyms, parks and playground equipment are usually not included when buying a house (although there are houses that has such amenities, these types are usually more expensive). For half the price of a whole house, residents could easily enjoy such amenities.

However, other than condominiums, townhouse complexes are also known for these types of amenities and offer larger space than a condo unit. The advantage of condominiums is that residents could easily afford such amenities without having to invest millions of Pesos to buy a townhouse. Condominiums with these types of amenities, however, are usually only found inside a condominium complex, though there are a few condominium buildings that have swimming pools and gyms inside their buildings.

MAINTAINABILITY and SECURITY are another popular feature of buying a a residential real estate in Philippines such as a condominium. Other than townhouses, condominiums are also known for their maintenance personnel that takes charge in maintaining the livability of their condominium complex or building. Another is its security, which is well paid by its residents to maintain peace and order, as well as their safety, in the whole compound.

More About Owner Occupancy And Tenancy

The legal arrangement for the right to occupy a dwelling is known as the housing tenure. The most frequent forms are tenancy, in which rent is paid to a landlord, and owner occupancy. Mixed forms of tenure are also possible. But what else do we know about these?


In residential real estate, terms such as apartments condominiums, townhouses, and the single-family detached home are used to determine a living space may it be a unit or a whole house. Although these terms are different from each other, there is one term that is used in almost any form of residential real estate. And this is the term housing tenure. So what is a housing tenure?

What is housing tenure?
Housing tenure is a term used to define a form of ownership to a residential real estate. Types of housing tenure include owner occupancy, tenancy, housing cooperative, condominiums (individually parceled properties in a single building), public housing, squatting, and cohousing. According to many Real estate Philippines experts, the most common types of housing tenure around the world is owner occupancy and tenancy.

Owner Occupancy
Owner occupancy is a term used if the legal binding of a person to a real estate is permanent, which means a house that he or she owns. There are many pros and cons of owner occupancy. One pro is that home ownership gives occupants the right to modify the building and land as they please, protects them from eviction, and creates a right to occupation which can be inherited.

One the con's side, houses and lands they sit on are expensive, and the combination of monthly mortgage, insurance, and property tax payments is greater than monthly rental costs. Buildings also gain and lose substantial value due with real estate market fluctuations, and selling a property can take a long time, depending on market conditions. According to many Real estate Philippines experts, this can make home ownership more constraining if the homeowner intends to move at a future date.

Tenancy
Tenancy or leasehold estate is an ownership interest in land in which a lessee or a tenant holds real property by some form of title from a lessor or landlord. Leasehold is a form of property tenure where one party buys the right to occupy land or a building for a given length of time. Although tenancy is advantageous compared to owner occupancy in terms of cost, there have also been several adverse effects of tenancy.

Many adverse effects come from this system. Tenants have to pay the landowner even though they are doing all of the agricultural work. In a sense, it is a cycle where the tenant is never really able to become a landowner because they constantly have to pay the landowner, as well as other expenses. According to many Real estate Philippines experts, since he is ultimately owner of the land, the landowner can also have a say in what the tenant uses the land for or what he can or cannot grow.

Advantage Of Owning A Condo Than An Apartment

Although condominiums are known for their affordability, apartments have also been known for the same quality. So what is the difference between an apartment and a condominium? And what are the advantages of buying a condominium rather than renting an apartment?


One of the most popular type of residential real estate in Philippines today are condominiums. According to many experts, condominiums are very popular among many Filipinos today. One reason for this is that buying a condominium unit is much more affordable than buying a whole house or a townhouse. However, apartments have also been known for its affordability. So what is the difference between an apartment and a condominium? And what are the advantages of buying a condominium rather than renting an apartment?

Apartments
Apartments have long been a popular type of residential real estate in Philippines. What made it popular is its affordability. Compared to buying a house, apartments offered a quicker and easier way for Filipinos to find residence without having to sacrifice too much capital. This is because apartments are usually rented or leased to tenants. There are many types of apartments available in the market. The most popular type of apartment are the studio type apartments.

Studio type apartments tend to be the smallest apartments with the cheapest rents in a given area. These kinds of apartment usually consist mainly of a large room which is the living, dining, and bedroom combined. There are usually kitchen facilities as part of this central room, but the bathroom is its own smaller separate room.

Other types of apartments include the one-bedroom apartments, in which one bedroom is separate from the rest of the apartment. Then there are two-bedroom, three-bedroom, etc. apartments. Another popular type of apartments are the garden apartment complex which consists of low-rise apartment buildings built with landscaped grounds surrounding them. These types of apartments, however, are much more expensive.

Condominiums
Condominiums, on the other hand, are very similar to apartment buildings. Condominiums, like apartments, are a type of multi-unit dwelling residential real estate in Philippines in which a unit is individually owned by its residents. This is the advantage of owning a condominium rather than an apartment. Apartments, though provide residence, may only go as far as renting the unit, and not entirely owning it. Condominiums, on the other hand, provides a more permanent sense of residence.

Another advantage of condominiums are its location as well as the luxury it provides to its residents. Most condominiums are found in small footprints of a city, allowing it to be within walking or mass transit distance of business and industrial areas of the city. The reason why it became luxurious was because some condominiums are much like a townhouse complex, which are complete with high security as well as resort facilities such as swimming pools, gyms, parks and playground equipment.

Choosing The Perfect Home For You

Choosing a house should always depend on your own preference. There are many types of housing in the Philippines today that could provide you with the thing that you need. So what are are preferences in a house?


What is the best Philippines homes for your preference? Choosing a house should always depend on your own preference. If you're a non-married, working person, then a house near or inside a business district is perfect for you. If you have a family, or just wanted to get out from busy streets of a city, then the perfect house for you or your family would be those which are found outside of big cities, in beautiful and relaxing places. But if you want both luxury and accessibility to major cities, then there are houses perfect for you. So what are these houses?

A house for the single, working folks
For those that works almost around the clock as well as a bachelor or a bachelorette, then condominium buildings and apartment buildings are perfect for you. Usually, condominium and apartment buildings are found inside a major city, in small footprints, such as those found in Makati City. However, there is a difference between these two. Although these types of Philippines homes are similar in physical form, they are different in terms of ownership.

If you have the right budget to buy house, let's say P500,000 to P1,000,000, then I suggest buying a condo unit in those locations. This investment doesn't only allow you to be within walking distance from cities and major commercial areas, but it does also give a sense of permanence in terms of residence. But if you don't have that kind of capital, then an apartment unit is right for you. Because apartment units are only rented or leased to tenants, Filipinos could easily find a residence near cities and major commercial areas without having to pay too much.

A house for the family or relaxation
For those looking for a house which could take you away from the busy streets of the city, or just wanted to raise a family outside of major cities, then the perfect place for you would be in a townhouse or a condominium complex. Townhouse in today's market are now found in exclusive and luxurious complexes complete with high security and resort facilities such as swimming pools, gyms, parks and playground equipment. The only disadvantage is the cost. Townhouses are perfect for small to medium size families.

Other than townhouses, condominium complexes are also very popular among Filipinos. Similar to townhouse complexes, condominium complexes are also known to offer the same amenities, such as high security, swimming pools, gyms, parks and playground equipment. The advantage of condominiums from townhouses is its affordability. However, condominium complexes are usually perfect only for small families, a couple with a single child. This is because a condominium unit is usually smaller than a townhouse.

A house for every need
The perfect house that has everything to provide you with your needs is the ordinary house. There are still many available houses across the Philippines today, particularly those found near big cities. However, their numbers are slowly dwindling and finding a suitable place to erect a house is also another issue. But these types of Philippines homes are usually the best in terms of housing for a family and even for single people.

The Good About Condominiums In The Philippines

Other than its affordability, there are also other reasons why many Filipinos are opting to buying a condo unit rather than a house or any other types of housing. So what are its advantages beside affordability?


Condominiums are some of the most popular types of housing in the Philippines today. Part of what made it popular among many Filipinos was its affordability compared to buying a house. However, other than its affordability, there are also other reasons why many Filipinos are opting to buying a condo unit rather than a house or any other types of housing. So what are its advantages beside affordability?

The good about condominiums
The good about condominiums is its affordability. Compared to buying a house or a townhouse, which may cost around P1,000,000 to as much as P10,000,000 Philippine Pesos, condominium units would usually only range half those prices. This is the reason why many Filipinos have opted to buying a condo unit rather than a house or a townhouse. Other advantages include its location.

Most popular condominiums today are those found inside or near big cities, such as those makati condo. The advantage of buying a condo unit in these areas is that it allows its residents to be in close proximity to major business and commercial districts, allowing them to avoid the much dreaded rush hour. This is one of the main reason why many condominiums, especially those makati condo, quickly became in demand in the market.

However, other than condominiums found in small footprints of a city, such as those makati condo, other condominiums have also been found outside these busy districts. These types of condominiums are usually known as condominium complexes. Unlike the condominiums found in big cities, which are usually known as condominium buildings, condominium complexes would usually have large spaces of land, normally for parking. However, the main advantage of condominium complexes are its amenities.

Amenities such as swimming pools, gyms, parks, as well as playground equipments are usually very expensive when adding it in one's house. With condominium complexes, residents could easily enjoy such amenities without having to invest too much on it as well as maintain it on their own. Another advantage aside from amenities is the luxury it provides to its residents.

Condominium complexes are usually found in provincial areas with beautiful sceneries. Another is that these areas usually have high security as well as a maintenance team that makes sure that all that is found in a condominium complex are maintained properly. However, being far from central business districts, residents would usually have harder times to get to work immediately.