Land can be a good long-term investment, but you should be ready to shell out some amount of money to build your home, or your land will sit unattended for years. House and lot are ideal, but it’s quite expensive especially if the location is in prime urban areas. On the other hand, a condo unit is not only cost-friendly; buying it is practical as well. Check out if you want to get your own condo unit.
Here are some advantages:
The mortgage that you’ll need to pay for the condo is equal to the amount of your monthly rate for renting an apartment, considering that both have the same size. Of course, the price for the down payment of the condo is excluded, so you’ll have to save for it or apply for a loan from the bank to help you cover the cost. However, since there is a lot of affordable condos, finding one which will fit your budget is easy. But if you’re in doubt whether to buy or rent, you may use an interactive calculator online to know which is best in your current status.
Be able to get help with the maintenance
When you live in a land or house and lot, you’d need to do a lot of up keeping. There’s the garden to trim, the driveway to clean and the whole house to dust and mop. If you’re lucky, you’ll be even caught up in the roof that needs repairing. Now that’s a lot of maintenance that requires effort if you want to keep your house to its tip top shape.
Condo comes with awesome amenities
Pool, sauna, gym, tennis courts and hotel-like lounges — these often come with the condo property that you buy, especially if your condo is developed by a premium real estate developer in the Philippines. Hence, when you live in a condo, it would seem like you’re part of the exclusive clubhouse for an elite community, only now you don’t have to go out of your way to enjoying such lifestyle because it’s the condo property.
You’re free to renovate your unit
Unlike apartment renters, condo owners have full control of their units. This means they can design the place as they want. Many people have enjoyed designing their unit that condo designing has become a trend.
Since there are public areas in a condo building, you’ll have a lot of chance to strike conversations with your neighbors and get to know them. There are also condominium developers that build townships in their condo properties so their condo buyers can experience a complete living-it’s as if you are in a community. It’s just that this time you’re in proximity to commercial centers, recreational and dining areas.
Peace of mind
Regardless of whether you’re a professional or a student, you tend to spend most of your time outside, either in the office or at school. Your home then sits empty with no one to watch out for it. If you live in a house and lot, your home has a high chance of getting robbed by thieves. But when you live in a condo, it’s almost impossible that you’ll fall victim to these prey because your unit is secured. There are security personnel and CCTV cameras all around. So leaving your home behind would be a breeze.