What is the best type of residential Philippine real estate available in the market today? According to Filipinos and real estate experts, condominiums and houses are some of the most popular types of housings in the Philippines. This is because of the many benefits that these types of housings can offer to their residents. So which is the best? Houses and Condominiums The difference between condominiums and houses is that condominiums are built for modern Filipinos with enough budgets to buy a 2 to 3-story house while houses are usually suitable for the average Filipino. Advantages and Disadvantages of Houses Houses, though not as popular as other types of housings, particularly condominiums, are still known as one of the most in-demand types of residential Philippine real estate. This is because of its affordability compared to condominiums and other types of housings in the Philippines. Other than its affordability, there are also a number of new houses which can be bought and paid in installment, making it more affordable compared to renting an apartment unit in the city. However, what made these new houses more popular are its amenities. Most of these new houses are found in the housing communities in the outskirts. And similar to condominium complexes, these housing communities are also complete with security, as well as amenities such as swimming pools, parks, and playgrounds. Because of this, houses had steadily regained much of its popularity in the market. However, the disadvantage of these types of housings is its accessibility. Because most houses are found in residential districts, residents would have to go through the hassles of rush hour to get to their workplaces, which is unlike that of living in a luxurious condominium. Advantages and Disadvantages of Condominiums The main advantage why condominiums were considered as some of the best types of modern housing in the Philippines is because of its location, which is mostly in business and commercial district. Because of this, its residents can easily and conveniently access their workplaces while avoiding the usual hassles of rush hour. However, what set condominiums apart from other modern types of housings in the Philippines are its amenities. Other than the luxury of its accessibility, condominiums can also offer luxuries such as an indoor swimming pool, a gym, or even a full-size sports complex for the enjoyment of their residents. However, many found these types of housings inappropriate for a growing Filipino family, which is why condominium complexes were established. Compared to condominiums in the city, condominium complexes are mostly found in the outskirts or even in the provinces. And because of its location, these types of condominiums are known to offer the peace and relaxation rarely found in the city. And similar to other condominiums, these types of residential Philippine real estate can also offer amenities, with the addition of recreational parks and playgrounds for the children. However, the disadvantage of these types of housings is its expensiveness. Although there are many condominiums offered in the same term of payment that many new houses can offer, the down payment is usually higher compared to houses.
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