Merits and Downsides in Buying a Condo and Buying a House
Article by Andrew Simmans
There are occasions when the prices for a house in Manila can put purchasing a property outside of the reach of the normal household. Real estate developers are eager to convince possible householders that a condo unit might be better suited to their monetary standing. Customers should take into account the benefits and drawbacks that are natural to a condo and a house, and determine which is better suited to their situation.
The main benefit of a condo over a house is its practicality. The more busy someone life is, the less time they have to clean up their dwelling. A condo complex will frequently have a team of repair and maintenance workers on hand for any unit holders to call upon. A condo unit, in contrast to a house in Manila, will also spare owners from any garden work or arduous house upkeep duties.
An additional benefit to a Manila condo is the locale. Many condo building developers build in the center of key metropolitan areas, rarely too far from major highways or business facilities. The common condo is located within walking distance of essential amenities, such as laundry washing providers and restaurants. The close proximity of condo units to monetary and business facilities also indicates that they are an ideal dwelling place for employees.
There are, of course, some downsides. Costs for a condo for an expanded time period can often total to more than the amount of money it would take to buy a house in Manila. Besides the regular mortgage on the unit, owners must also pay a maintenance cost. This fee is for the servicing of the common areas of the condo. There are conditions where a person might find he is spending more every month for the condo than he would be having to pay if he had purchased a house of identical value.
Philippine houses also have their own advantages over a condo unit. A house will be more family-friendly in comparison with a condo unit. There is more breathing space for kids, and a number of the houses in the marketplace allow for them to have separate rooms to themselves. A house can also allow house animals that are unlikely to be allowed in a condo unit. For folks with families, a house also offers more security, with no other renters in the same building.
A house in Manila also offers up far more living area. Adults and children equally need their areas to have enough time to themselves. Potential customers who have space-intensive hobbies would also be more content with a house and not a condo. Doing business from home is also normally more comfortable in a house. The extra space means that there is much more room for all that an individual has.
As opposed to a Manila condo, a house would require the owner to compensate for all upkeep expenses on his own. This usually means that anything that must be fixed must be covered out of the owner's wallet. Any repair service people must also be called by the owner rather than be supplied by building management. The bigger the property is, the more time and cash should be put in it. On the bright side, this can enhance the house's resale price down the road if carried out properly.
The selection to buy a house in Manila or choose a condo instead is an issue that should not be taken without due consideration. There are apparent advantages to both, and a prospective owner should examine their necessities before making a selection.
About the Author
The author is an expert in Manila Real Estate. His past experiences will definitely be of great help to those trying to find a site to settle. For more info, visit HousingManila.com.
