CONDOMINIUM vs. HOUSE
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:
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.
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.
Condominium units provide only minimal extensions such as balcony, windowpanes for plants, or provisions for clotheslines.
Houses have lawns, yards, backyards, landscapes.
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.
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.
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.
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.
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.
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.
Condominiums have an outstanding views, enjoy Nature Sunrise, sunset , Amenities and Skylines during the night. sometimes it actually depends on the floor.
Houses have limited views.
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