Although condominiums were only recently introduced in the Philippine market, these types of housing have significantly gained a lot of popularity among many Filipinos. Many of them even consider these condominiums as a type of modern housing because it provided them with the kind of necessities they are looking for, particularly in today’s modern and fast-paced lifestyles.
Advantages of living in a condo unit The main advantage of condominiums, according to many real estate experts, is its location. Because of today’s lifestyles, many Filipinos are seeking for a refuge they can easily access from their work, or a home which can provide them the accessibility they needed to get to work without having to go through the hassles of rush hour.
Those are the reasons why condominiums became popular in the Philippines. Because most condo in Philippines are found in business and commercial districts, such as in Makati City or in Ortigas, Pasig City, residents are given the luxury of living within mass transit distance of withing walking distance from their workplaces, allowing them to avoid the hassles of rush hour.
In addition to its location, condominiums are also known for its maintainability and security. With its maintainability, residents would only have to worry about their own units, while their garage, hallways, elevators, and cooling systems are properly maintained by hired personnel. Their security, on the other hand, assures the safety of their residents.
These are some of the reasons why condominiums became a very popular type of housing in the Philippines. But this is not the only reason why it is considered as one of the best types of modern housing in the Philippines. This is because of the new condominiums introduced in the country known as condominium complexes.
A condominium for the family According to many real estate experts, the only disadvantage of condominiums were its incapability to provide the necessary environment for a growing family. Because most condominiums are found in busy districts, many Filipino families considered these unsuitable for their family, particularly for their growing children.
However, when condominium complexes were introduced in the Philippine market, many Filipino families found a modern housing for their modern needs. This is because these types of condo in Philippines are mostly found in the outskirts or even in provincial districts.
Because of its location, along with its wide open spaces, many Filipino families found it suitable for their family. In addition to its environment, condominium complexes are also known for its amenities, including swimming pools, gyms, recreational parks, and playgrounds.
Disadvantages There are, however, several disadvantages of owning a condominium unit. One is its expensiveness. All types of condo in Philippines are known for its expensiveness, and that only the wealthy can afford to live in a condominium.
Another major disadvantage is its condo fees. These fees are mostly used for the maintenance of all facilities found in the condominium as well as wages for its maintenance and security personnel. According to many Filipinos, the more facilities found in a condominium, the more expensive its fees are, which is why the condo fees in most condominium complexes are higher compared to those condominiums in the city.