While the choice of purchasing either a condominium unit or a traditional house lies solely upon one’s needs and preferences, here are some of the reasons that can help you make a wiser choice:
PRICE:
- Condominiums are cheaper since their price per square foot are lesser.
- House prices are higher since the value of the land appreciate faster than the value of its improvements by a large margin.
SPACE
- Condominium units have a limited space making cleaning and maintenance easier.
- Houses with bigger spaces are more difficult to maintain, but are more flexible to expansion.
EXTERIORS
- Condominium units provide only minimal extensions such as balcony, windowpanes for plants, or provisions for clotheslines.
- Houses have lawns, yards, backyards, landscapes.
PRIVACY
- Condominium units have lesser privacy due to their proximity and sometimes poor soundproofing materials.
- Houses are apt to enjoy more privacy primarily due to their distance to adjacent dwellings.
AMENITIES
- Condominium owners have the luxury of having amenities they can use anytime (pool, gym, park, playground) without having to maintain them themselves.
- House owners do not have these luxuries, unless they shell out a huge budget to build one.
PARKING
- Condominium parking is at a common area far from your condo unit with which you need to pay a monthly fee.
- Parking is provided in your garage or at any appropriate space near your home, for free.
.MAINTENANCE
- Condominium owners have to pay maintenance costs for common amenities (pool, gym, park, playground) whether they make use of it or not.
- Home owners only pay for costs corresponding to usage.
SECURITY
- Condominiums have a higher level of security since part of the fees paid is for amenities that include a 24/7 security and high-tech security surveillance. Also, you can leave your condo unit for an extended period of time without being noticed by other tenants or even burglars.
- You are responsible for making your house secure. An empty house for a long period of time makes it prone to burglary and graffiti.
LOCATION
- Condominiums are a top choice for young employees, professionals, and executives since they offer closer proximity to commercial and business establishments cutting down on travel time and costs.
- House prices depend on location. While houses far from the central district may cost less, it is a drawback considering the travel time and fuel expenses it may entail. Inversely, houses located near places of interests, such as schools, hospitals and malls will command a higher price.
INVESTMENT
- Since condominiums are the preferred choice of the business community comprising the bulk of the Philippines’ population, target market is extensive.
- A house is a good investment choice since it has a higher re-sale value. As the house may depreciate due to wear and tear, the land, however continues to appreciate, thus, command a better price.
Venturealty Services
venturealtyservices@yahoo.com
+63 0922- 8190122
+63 0917- 4439772
+63 0922- 8152583
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