What You Should Choose: Land vs Condominiums
|
| Given a particular location, many Filipino buyers contemplate on whether to buy land (this includes House & Lots and Townhouses), or a condominium for which to live in or invest in. Allow me to enumerate the advantages and disadvantages of Land vs Condominiums below… |
|
LAND – ADVANTAGES
- Your Living Space tends to be BIGGER
- You have more privacy for your family
- Land will always remain present no matter how many houses you build on it, so it can be passed on to future generations of your family
- Land values appreciate over time (since they don’t make new land)
- You can have your own garden, garage, and even a swimming pool if it’s big enough and if you’re rich enough
|
LAND – DISADVANTAGES
- More expensive especially if you want to live in highly developed areas – these prime lands are usually high-end private villages with large lots and hefty prices
- All the repairs and maintenance of the house will be shouldered by you
- Cheaper Lands are usually farther from highly developed areas and offices
|
|
CONDOMINIUMS – ADVANTAGES
- Locations are usually very near the highly developed areas which house offices and malls, making it very convenient in terms of travel expenses
- Available in small sizes, which allow small families and individuals to live in highly-urbanized areas as well
- Enjoy the Amenities like the Swimming Pool, the Gym, and Function Rooms
- Commands higher Rental Revenues and Income to Investors
- Repairs and maintenance of the Condominium will be taken care by the Condominium Administration like the electricity, water piping, maintenance of the amenities, building facade and interiors
|
CONDOMINIUMS – DISADVANTAGES
- Living Spaces tend to be smaller
- Monthly dues can be burdensome especially for big-sized condominium units
- Building itself depreciates over time, although the land value increases
- High density – you have plenty of neighbors sharing the same building and amenities
|
| Know what you’re investing into – Think about these given observations first before choosing between a land or a condominium in your desired Philippine Property location. Depending on your available finances, your preferences and your dislakes, you should be able to discern whether a landed property or a condominium suits you and your family better. |
|
| Choose well! |
|
Random Posts
Tags: land vs condominium, land vs condominiums
This entry was posted
on Tuesday, June 2nd, 2009 at 2:11 pm and is filed under TIPS for Buyers.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
