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It is Townhouse or Condo in Manila?

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.         ...

Condominium Jargon You Need to Know when Buying a Unit

If you’re ever interested in buying a property for sale in Manila , you’ll eventually have to read through a lot of paperwork and listen to a ton of legal and real estate talk. You can’t know all the technical stuff that they mention but you can get familiar with the ones that are most used the real estate biz. Admin – abbreviation of Administration/Administrators; they’re basically the people you go to if you have suggestions or questions on how the whole building does its operations. Think of them as your office managers or better yet human resource. Association Dues – most private subdivisions have an association. An association is made up of a representative of every home owner and association meetings are held so that issues may be resolved and events and updates may be announced. Association dues are dues that you pay for the activities that are done by the association. Amenities - these are enhancements and luxuries that properties like condominiums provide their residents. ...

Advantages of Owning a Condo

All of us want to have a house where we can spend our free time in after work and build the family we’ve always envisioned being together with. In many countries such as America, Korea and Canada, most of their homes are in residential and towering condominium s. Condominiums are the best option to build a home in for those countries and even in the Philippines . See below the myriad of advantages that owning a condo can provide you. 1. If we compare the rent fees to the monthly mortgage, they are almost in the same amount or cost. It’s good to pay to own unit than pay for the rent. 2. You don’t need to mind when or how to clean the garden and pool. Also, if the roof needs repairs, there’s always someone who will take care of it. It makes a big difference in contrast to a residential house. 3. Make your life so pleasant. You don’t need to pay for the gym, tennis and basketball court fees because if you own a condo unit, access to these facilities is free. Most of the condos ha...

Infographics: Things you should know about buying a condo

This inforgraphic is made by Moneymax.ph. The picture shows the pros and cons of condos that you need to know.

7 things to consider when buying a condo unit

Owning a condo unit is easy especially if you have enough money to buy a unit. Condominiums are made to be a home not only for bachelors but also for starting family. If you are the buyer, you might think that the price is the major issue but it’s actually the last thing you might need to worry about. There are many things that you need to consider when buying a unit. Most of the prestigious condos are located in Bonifacio Global City, Makati and Mandaluyong. These places are the busiest places in Metro Manila. If you are planning to own a unit around the metro, there are several factors that you need to consider. 1. Location Most of buyers consider location above everything when buying a land or house. Same goes with purchasing a condo unit, it should be on top. The price of a unit depends on its location, how accessible it is to key places like malls, market, restaurant, schools, banks or hospital. Also, in choosing a location, it must be away from busy roads. 2. Developer I...