Although condominiums have become very popular among many Filipinos, particularly because of its luxurious lifestyle, many are still opting and wishing to buy their own house in the suburbs or in subdivisions. So what are the things that still makes houses popular compared to condominiums?
Houses are some of the most popular types of residential real estate in any country, such as in the Philippines. Although condominiums have become very popular among many Filipinos, particularly because of its luxurious lifestyle as well as its affordability (for some condominiums), many are still opting and wishing to buy their own house in the suburbs or in subdivisions. So what are the things that still makes houses popular compared to condominiums?
Family-oriented
In terms of being family-oriented, owning Philippine homes is still known to provide the right environment for growing children. Many of today's condominiums are found in bit cities and commercial areas. These types of condominiums are usually appropriate for people working around the clock and needs to be within reach of their workplace.
However, the disadvantage of this is that most of these condominiums are not appropriate for a growing family, typically because of its small unit (although there are larger units, but the cost can be significant from houses) as well as its environment.
Most Philippine homes are situated away from these locations, in a more quiet and peaceful place. Another is that houses are usually large, large enough to accommodate 4-5 residents.
Another reason why some condominiums are not appropriate for growing children is because some of these condominiums are known to restrict the number of tenants in a unit as well as restrict children in their buildings.
No monthly fees
Other than electric and water bills, condominium owners are usually obligated to pay a fee which is usually used to maintain their condominium's livability as well as for its security. Buying a house, however, doesn't include such fees.
Freedom to modify
Another advantage of most Philippine homes from condominium is its freedom to modify their residence. Condominiums, though allow their residents to modify the exterior (this may go through several approval before it can be made), modifying the exterior of the condominium or the land it sits on is restricted. This is because residents owns their units only, while the rest of the condominium is jointly owned. Owning a house, on the other hand, gives its owner the right to modify their house from exterior to interior modifications as well as the land it sits on.
Houses are some of the most popular types of residential real estate in any country, such as in the Philippines. Although condominiums have become very popular among many Filipinos, particularly because of its luxurious lifestyle as well as its affordability (for some condominiums), many are still opting and wishing to buy their own house in the suburbs or in subdivisions. So what are the things that still makes houses popular compared to condominiums?
Family-oriented
In terms of being family-oriented, owning Philippine homes is still known to provide the right environment for growing children. Many of today's condominiums are found in bit cities and commercial areas. These types of condominiums are usually appropriate for people working around the clock and needs to be within reach of their workplace.
However, the disadvantage of this is that most of these condominiums are not appropriate for a growing family, typically because of its small unit (although there are larger units, but the cost can be significant from houses) as well as its environment.
Most Philippine homes are situated away from these locations, in a more quiet and peaceful place. Another is that houses are usually large, large enough to accommodate 4-5 residents.
Another reason why some condominiums are not appropriate for growing children is because some of these condominiums are known to restrict the number of tenants in a unit as well as restrict children in their buildings.
No monthly fees
Other than electric and water bills, condominium owners are usually obligated to pay a fee which is usually used to maintain their condominium's livability as well as for its security. Buying a house, however, doesn't include such fees.
Freedom to modify
Another advantage of most Philippine homes from condominium is its freedom to modify their residence. Condominiums, though allow their residents to modify the exterior (this may go through several approval before it can be made), modifying the exterior of the condominium or the land it sits on is restricted. This is because residents owns their units only, while the rest of the condominium is jointly owned. Owning a house, on the other hand, gives its owner the right to modify their house from exterior to interior modifications as well as the land it sits on.
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