Manila is the capital
of the Philippines and the center of businesses. That’s why many citizens
wanted to live, work and be here. And it’s the reason why there are many condos
and townhouse scattered in the metro.
If you want to live
here, you may consider buying or renting a condo or apartment. But if it is for
a long term, you should opt in buying a condo or townhouse. Either is a good
choice, especially for small families and single people. They both require
association fees, but have individuals’ advantages and disadvantages.
Ownership
Condominium – When you buy a condo, you become a co-owner of others unit owner.
Meaning, everything located on the property is yours and need to share with
others - everything, even the roof, stairs, elevators and walls. But you can
use the amenities for free, every time you want it.
Townhouse – You are the owner of the land, roof and house. Also, the benefits
of this is you owned a garage and garden – depends on the townhouse you will
buy. It will be entitled to you that can inherit of your children.
Home Style
Condominium – Typically condos in Manila are one-floor unit and when you need to renovate you need to follow
their rules.
Townhouse – It is typically multiple floors. Sometimes it is attached with
other house but you exclusive to access the whole house.
Rules
Condo Associations are very strict
about the property rules – renovation of the unit, designs etc. While in a
townhouse, you are free to renovate or redesign your home. Do anything you
want.
Cost
It is always matters. Townhouses are more expensive that a condo unit.
Since you are in the Metropolitan, expect it. Condos price starts at 1M that
payable monthly, why many choose condo than townhouse.
Both of them are HOME
that you will stay for a long time. Just choose the best that fits your
need.
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