Advantages Of Buying A Condo Unit, Townhouse, Or an Apartment

Published: 30th April 2010
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There are many types or residential Real estate Philippines today. Other than the usual house, other types of houses such as townhouses, apartments, and condominiums have recently become very popular for many Filipinos. Part of what made these types of housing popular was because of its several advantages compared to the usual house. So what are its advantages which made it popular in the market?

Townhouses are one of the oldest forms of housing in the Philippines. Some of the oldest types of townhouses are found in urban areas. Today, however, most townhouses are found in large complexes. This is what made townhouse more popular in the market, its luxury which is popular with the wealthy.

Most townhouses in the Philippines today are found in large complexes which is usually complete with high security as well as resort facilities such as swimming pools, gyms, parks and playground equipment. However, these types of townhouses are usually too expensive. Other types of townhouses such as those found in urban areas can be as affordable as buying a new house.

One obvious reason why apartments are one of the most popular types residential Real estate Philippines is because of its affordability. Compared to buying a house or a townhouse, people could easily find residence by renting an apartment. One popular type of apartment are the studio type apartment. Studio types are considered a the smallest types of apartment in the market but with the lowest price.

Other popular types of apartments in the Philippines are the one-bedroom apartments in which a bedroom is separate from the rest of the unit. This type of apartment, however, is much more expensive than that of studio types but are more spacious and that a room is separate from the rest of the unit. The only disadvantage of apartments is that it gives little sense of residence because the ownership of their house or unit still lies with its landlord.

One of the most sought after types of residential Real estate Philippines are condominiums. What made it popular is that most condominiums can provide the luxury such as that of townhouses but with little investment. Compared to buying a townhouse or a house, condominiums are usually more affordable, ranging from half the usual price of townhouses or houses yet provide the same luxury found in townhouse complexes.

Another advantage of most condominiums are its location. Some condominiums are popularly found inside a city, such as those found in Makati City. This allows residents to be within walking or mass transit distance of business and industrial areas of the city, yet provide the same luxury.

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