There are many popular types of housings in the Philippines today that can accommodate the different, and fast changing needs of many Filipinos in today’s modern lifestyles. Some of the most popular, according to real estate experts, are condominiums and apartment buildings, while townhouses and houses remain strong in the market. So what are the advantages that these types of residential Philippine real estate can offer to their residents?
Condominiums and Apartment Buildings
Condominiums and apartment buildings are similar in both physical form and in location. These types of housings are usually made up of high-rising buildings, while most of these types of residential Philippine real estate are found in business and commercial districts.
Because of its location, condominiums and apartment buildings can offer residents the accessibility they needed to get to their work with lesser hassle compared to going through rush hour. The difference, however, is its ownership.
Apartment buildings are normally rented, in which the ownership still remains with its landlord, while condominium units are individually owned by its residents while most of its facilities are jointly owned. However, other than its location, both types of housings can also offer different advantages.
Because apartment units are normally rented rather than leased, these types of housings became even more affordable compared to condominiums. However, condominiums are known to offer amenities such as gyms, indoor swimming pools, as well as a full-size sports complex, allowing their residents to make the best of their home.
There are also a number of new condominiums available in the market that can be owned and paid in installment, which makes it more affordable and cost-efficient compared to apartment buildings. However, most of these condominiums are known for its expensive down-payment.
Townhouses and Houses
Other than condominiums and apartment buildings, there are also a number of townhouses found in small footprints in the city. However, most townhouses are found where houses are commonly located, such as in residential districts or in the outskirts. The advantage of townhouses compared to simple houses is its luxurious interior and exterior designs. However, the disadvantage is that townhouses are usually more expensive.
Houses, though not as popular as condominiums and apartment buildings, are still known for its advantages. One apparent advantage of houses is its affordability. There are also a number of new houses available in the market that can be also paid in installment, allowing it to become even more affordable compared to renting an apartment.
There are also a number of new houses that can offer the same amenities and security known for condominium complexes. Most these new residential Philippine real estate are found in housing communities, which are known for its own security personnel as well as its amenities such as swimming pools, recreational parks, and playgrounds. For more information visit to our site at http://www.ayalalandpremier.com
Harry Dobell is a business entrepreneur from Florida.He’s now based in Cebu City and writes in her spare time for various articles including Ayalalandpremier.com.