Benefits and Drawbacks in Buying a Condo and Buying a House
There are times when the prices for a house in Manila can put buying a house outside of the reach of the typical family unit. Builders are anxious to convince possible homeowners that a condo unit might be much better suited to their monetary standing. Purchasers should take into account the rewards and negatives that are inherent to a condo and a house, and find out which is matched to their conditions.
The main benefit of a condo over a house is its practicality. The busier somebody’s living is, the less time they get to clean up their dwelling. A condo complex will often have a team of service and upkeep workers readily available for any unit keepers to call upon. A condo unit, unlike a house in Manila, will also liberate owners from any garden work or physically demanding house upkeep duties.
An additional benefit to a Manila condo is the locale. The majority of condo developers build in the middle of big metropolitan areas, not too far from primary highways or business stores. The average condo is based within walking distance of crucial facilities, such as laundry washing services and dining places. The access of condo units to monetary and business facilities also indicates that they ensure an ideal living space for professionals.
There can be, obviously, a number of downsides. Costs for a condo for an extensive period can occasionally add up to a lot more than the sum it would take to buy a house in Manila. Besides the monthly mortgage on the unit, tenants must also furnish a maintenance cost. This charge is for the upkeep of the common places of the condo. There are conditions wherein a person could find he is spending more each month for the condo than he would be spending if he had purchased a house of similar value.
Philippine houses also have their own advantages over a condo unit. A house is more family-friendly in comparison with a condo unit. There is more breathing space for kids, and many of the houses in the marketplace allow for them to have separate rooms to themselves. A house can also allow pets that are unlikely to be permitted in a condo unit. For folks with families, a house also gives more solitude, with no other tenants in the building.
A house in Manila also offers far more living space. Adults and children similarly demand their own areas to have enough time to themselves. Prospective customers who have space-intensive interests would also be more content with a house and not a condo. Doing work from home is also generally more secure in a house. The additional space means that there is more room for everything that an individual has.
Unlike a Manila condo, a house would call for the owner to pay for all upkeep charges on his own. This would mean that anything that has to be repaired must be taken care of out of the owner’s wallet. Any repair service staff must also be called by the property owner rather than be supplied by building managers. The bigger the home is, the more time and money should be put into it. On the bright side, this can increase the property’s resale price down the road if executed correctly.
The selection to buy a house in Manila or choose a condo as a substitute is an issue that should not be taken casually. There are obvious rewards to both, and a prospective owner should take a look at their necessities before making a choice.
The author is a reporter proficient in Rent Office in Manila. Interested parties may check out http://www.housingmanila.com.
Processing your request, Please wait....
