Thursday, June 3, 2010

What Made Condominiums Popular

One reason why condominiums became popular in the market is because of its many benefits that other types of housing, such as houses and townhouses, lack. So here is a brief look at what condominiums can give to their residents.


What are the things that made condominiums popular in the Philippines? This is one of the many questions of many Filipinos regarding the popularity of condominium philippines. Today, the number of condominiums have significantly doubled in the market, particularly with all the plans being made by big corporations such as SM Prime Holdings, Inc. and Ayala Corp.

But what are reasons why condominiums became popular? One reason why condominiums became popular in the market is because of its many benefits that other types of housing, such as houses and townhouses, lack. So here is a brief look at what condominiums can give to their residents.

Luxurious living space
The reason why condominiums became popular in the first place is with its promise of luxurious lifestyle. Because of this, many wealthy people in the Philippines started in investing on buying a condominium unit of their own, and they never felt happier. Condominiums in the past are known for its luxurious living space in the heart of the city.

According to a number of Filipinos, living in these condominiums allows them the benefit of luxurious lifestyle while living near popular business districts and commercial areas. This is the reason why executives mostly live in these places.

Beneficial location
And because of its location, residents are given another luxury, which is the luxury of living within walking distance or mass transit distance to their workplaces. According to many experts, this was the reason why condominiums grew more popular in the market. This also lead to the huge demand by the community to introduce more condominiums.

Luxurious amenities
Because of the growing demand, new types of condominiums were introduced in the market. One of the most popular types of these new condominium philippines are condominium complexes. These types of condominiums are similar to that of townhouse complexes in terms of location, which are mostly found far from cities, and amenities.

Although it puts its residents too far from cities, condominium complexes became popular because of its amenities in which its residents could enjoy exclusively, such as swimming pools, gyms, and recreational areas such as parks as well as playgrounds.

Maintainability and security
One reason why any type of condominium are popular is because of its maintainability and security. Condominiums are mostly maintained by hired personnel which ensures the livability of their condominiums. In terms of security, condominiums are guarded by security personnel 24 hours a day.

Pros And Cons Of Owning A Condo Unit

Compared to houses, condominiums have become more and more popular in the market. What made it popular is because of four reasons, its location, maintainability, security, and amenities. However, there are also several disadvantages to owing a condominium.


Among the many types of housing in the Philippines, condominiums are considered as one of the most popular and in demand type of housing in the Philippines. Compared to houses, condominiums have become more and more popular in the market. What made it popular is because of four reasons, its location, maintainability, security, and amenities.

Advantages of condominiums
Location - One of the few reasons why condominiums became popular in first place. In past, condominiums are mostly found within a major business district, such as the many condominium philippines found in Makati City. Because of this, residents are given the advantage of living within walking distance or mass transit distance to their workplaces. This advantage is still very popular among many condominiums.

Maintainability - Other than its location, condominium philippines also became popular because of its maintainability. Compared to houses, condominiums are maintained by paid people, from hallways to staircases, from elevators to garage. They are also in-charge of maintaining a condominium's recreational facilities such as gyms, swimming pools, parks, and playgrounds.

Security - Another reason why condominiums became popular is because of their high security. Condominium buildings are constantly monitored by security personnel while condominium complexes are endlessly patrolled by security. They are also in-charge of making sure the residents are safe from harm such as fires.

Amenities - What made condominiums more popular in today's market is its amenities. Many of today's condominiums are known for their luxurious amenities that residents could freely enjoy. Part of this includes swimming pools, gyms, and other popular recreational facilities such as parks and playgrounds.

Disadvantages of condominiums
Other than its advantages, there have also been several disadvantages of owning a condominium. One major disadvantage is its monthly fees.

Monthly fees - These fees are separate from electric bills and water bills. These fees are commonly used as means for maintaining every facilities found in the condominium. These fees are also used as wages for their maintenance personnel and security.

Rules and regulation - Another major disadvantage of condominiums are its rules and regulation. Condominiums are usually governed by rules in which residents are obligated to follow. One is the paying of monthly fees, while the other involves restring several elements to their condominium. Depending on the condominium philippines , these restrictions can either be moderate or severe.

Reasons Why Condominiums Became Popular

Although the typical house is still considered as the most popular among many Filipinos, particularly with those wishing to settle down, a number of Filipinos today have chosen to live in a condominium unit rather than a house because of a few reasons.


Condominiums have become a very popular type of housing in the Philippines. Although the typical house is still considered as the most popular among many Filipinos, particularly with those wishing to settle down, a number of Filipinos today have chosen to live in a condominium unit rather than a house because of a few reasons.

Reasons why condominiums became popular
The first reason why condominiums became popular is because of its location. Many of today's condominiums are found in locations beneficial for many Filipinos, particularly to non-married people. Popular examples are the many makati condo in Makati City. These types of condominiums became popular in first place because of its location.

Not only do these makati condo offered a very luxurious lifestyle, is also gave its residents the luxury of living within walking distance or mass transit distance to their workplaces, a type of luxury that many types of housing usually lacks, particularly with houses. However, other than in these locations, new types of condominiums have been introduced in the market which are known for their amenities.

New condominiums known as condominium complexes became popular because of its amenities. Similar to popular townhouse complexes, these types of condominiums provides their residents luxuries that they can freely enjoy such as swimming pools, gyms, and recreational parks and playgrounds. However, other than its amenities, these types of condominiums also became popular because of its location.

Compared to the many condominiums in the city, such as the many makati condo, condominium complexes are mostly found in far off locations, such as in the outskirts or even in provincial areas like Tagaytay. However, a number of condominium complexes have also been seen near popular business districts, such as those found around Ortigas, Pasig City.

Other than its location and amenities, condominiums also became popular because of its maintainability and security. Every condominiums are known for their maintainability. Compared to houses, which residents are obliged to maintain not only the interior of their houses but also the exterior, condominiums have their own maintenance personnel that takes care of maintaining the livability of their condominium. Security is also another advantage of condominiums.

Disadvantages
However, there are several disadvantages of owning a condominium. One is that residents are obligated to pay a monthly fee. These fee is used for the maintenance of the condominium as well as its security. Another is that condominiums are normally expensive compared to houses, which is why many Filipinos are still opting to live in a house rather than in a condominium unit.

What Is The Best For Your Taste?

Condominiums and houses are some of the most popular types of housing in the Philippines today. Because of this, questions have been raised asking which of these two types of housing is the best?

A number of house for sale Philippines have been made available in the market. However, the number of condominiums have also steadily grown in the market. And because of this, houses and condominiums have become the most competitive type of housing in the market. Now the question that many have come to ask, which is the best? A house or a condominium unit?

Which of these is the best?
Houses have always been the most popular type of housing in the Philippines, which is the reason why the number of new house for sale Philippines are still rising. However, many Filipinos have opted to buying a condominium unit because of its many benefits that houses normally lacks.

The best of condos
The best thing abut condominiums is its luxurious lifestyle. According to many Filipinos, living in a condo unit usually symbolize wealth. This is because condominiums could only be afforded by the wealthy. The reason for this is due to its location, which is another reason why condominiums became popular in the first place.

Condominiums first became popular because of its location, which is usually within the premises of a business district. Popular examples include the many towering condominiums in Makati City as well as the many condominiums in Ortigas, Pasig City. Other than its luxurious lifestyle, these types of housing also gave its residents the luxury of living within walking distance or mass transit distance to their workplaces.

The bad of condos
The disadvantage of condominiums, however, is its expensiveness. Compared to most house for sale Philippines, condominiums are known only for the wealthy. However, a number of new condominiums have become available in the market. These types are usually known for its affordability compared to other condominiums. Its price range, however, can afford to buy a new house which is much larger and more family-oriented than these cheaper condominiums.

The best of houses
The best thing about houses is its affordability. Compared to condominiums, houses have become more and more affordable, which is due to the increasing number of competitors in the market, particularly condominiums. New house for sale Philippines have also been introduced in the market. Aside from its affordability, these new houses are also known for its amenities such as swimming pools and recreational parks and playgrounds.

The bad of houses
One disadvantage of houses, however, is that these types are usually found in the suburbs, far away from locations which condominiums became popular. Another is that compared to condominiums, house residents are required to maintain their own homes as well as the land it sits on, whereas condominiums have their own maintenance personnel that takes care in maintaining the livability of their condominiums.

Choosing A Condominium

Because of the steady rise of numbers of condominiums, choosing between these condominiums have become a problem for many people, particularly when all of these condominiums promises a benefit that others cannot provide. So here is a guide to choosing the right condominium for you:



Although houses are still the most popular type of housing in the Philippines, condominiums have significantly risen in the market. Condominiums have become a very popular type of housing in the Philippines, particularly in Metro Manila and other neighboring provinces. And because of its popularity, the number of new condo for sale Philippines are steadily increasing in the market, allowing more freedom for Filipinos to choose.

However, because of its rise in the market, choosing between these condominiums have become a problem for many people, particularly when all of these condominiums promises a benefit that others cannot provide. So here is a guide to choosing the right condominium for you:

Budget
First is planning for the budget. Compared in the past, condominiums have become more affordable. This is due to the sudden increase of condominiums in the market, which also triggered a much higher competition. For other condominiums to compete in the market, most of these have dropped their prices.

Because of this, people now has the freedom to choose which type of condominium could serve their needs. But setting a budget alone is not enough. Would-be buyers should also look on to other important aspects of a condominium.

Location
Condominiums were once known to be seen in many business districts in Metro Manila, such as in Makati City and Ortigas. Today, however, condominiums have spread across the country. Other than in these locations, a number of new condominiums are now available far from these cities, such as in Novaliches, Taguig, and Bulacan. There have also been a number of new condominiums found in provincial areas.

The first thing that a buyer should do is to learn which of these types of condominiums can best serve them. Condominiums usually found within cities are much more expensive than those available outside these cities. However, there have been a number of condo for sale Philippines near these cities which offers moderate cost.

Rules and regulation
Would-be buyers should also learn of a condominium's rules and regulations. Different condominiums usually have their own sets of rules and regulations that residents should follow. Monthly fees are usually the most common. Would-be buyers should first learn of the range of fees that they should pay before advancing on buying a condominium. Other rules involve restrictions, such as restricting having pets within the building or compound. Severe restrictions involve disallowing children within the premises.

However, new condo for sale Philippines have been known to be more free with their rules and regulations. The only ones known for such restrictions are with those condominiums found in the city.