Top 5 Reasons Why a Condo is Better than a House & Lot

Condos are popping up like mushrooms especially in the urban parts of the Philippines. They are the classy practical alternative of the expensive house & lot.

For those who are planning to buy a property but in a dilemma between buying condos and houses, here’s something to ponder on. Listed below are the top reasons why a condo is better than a house & lot. Read on.

1. Comfort and Luxury

   Condos have first class amenities and great building features. Many may prefer a house and lot but condominiums are still good choices because of all the great perks that go with them. Such are comforts, luxury and security which make a condominium practical especially with those living a busy life. Amenities and luxury include fitness rooms, sky lounges, swimming pools and a lot more.

   Though owning a house & lot may still be the initial tendency of many, having a condo already stands for one. Condominiums offer a similar kind of living; just without the long travel time to go to the city, repairing of fixtures and tending lawns or gardens.

2. Accessibility and Proximity

   Acquisition of condos is now the latest trend in home-owning. Though it appeals more to singles, newlyweds or those with a small family, owning a condominium is practical. These days, many people in the Philippines look forward to experience city life. Those coming from the provinces mostly choose condominiums since they are more accessible to the city.

   People who work in urban areas prefer condos than house & lots due to accessibility and location. Many developers in the Philippines such as SM Development Corporation (SMDC) build condos within cities. The condo’s strategic location – with easy access to commercial establishments, malls, entertainment areas, hospitals and schools – definitely offers trouble-free and hassle-free living.

3. City Workers’ Preference

   Especially in the highly-urbanized places in the Philippines, daily long travel for working people is just stressful, tiring and less productive.

   Those who live far from their offices may not be able to work overtime even if they want to, since they live far from work. Driving through heavy traffic every day is time-consuming. Commuting during nighttime can be difficult and dangerous. Thus, having a condo within the metro makes living in it more secure. Think about it, you also get security services included in the whole package.

4. Quick Reselling Features

   Condos have quick-selling features. If the owner wants to re-sell the condominium in the future, its amenities, proximity, building features and lesser costs give it more chances for faster selling compared to a house and lot.

   One of the condos’ best features is their location. Most houses are located far from business centers which can reduce the ease of access to major hubs. Condos are usually just minutes away from prime city hubs. Such can make a huge difference.

5. Wise Investment

   Condos in the city increase their values. Take for example the SMDC condominiums usually near SM malls themselves.  In the future, the owner can either rent the unit out or re-sell it. Thus, there is no need to worry about equities.

   If one has to choose between a condo and a house & lot merely because of investment and not of occupancy, condominiums are more practical investments than a house & lot since they are less expensive.

   In the long run, this investment type would also save the owner from stresses. Apart from less hassles in maintaining the property, he will be able to rest with the assurance that he has placed his bucks right where they would prosper.

ABOUT THE AUTHOR

Joanne Almaden

Joanne is a licensed real estate broker and appraiser. She founded Phil. Property Expert, Inc. – a top-notch real estate services company whose vision is being the most trusted company when it comes to competence and quality of service.