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Condominiums are considered as some of the most popular types of residential Philippine real estate today. Part of what made these types of housings popular is its many benefits that can cater to the needs of many Filipinos, from their needs for accessibility, to family-oriented housing and affordability. However, these benefits are divided into two different types of condominiums; these are condominiums and condominium complexes. Each type of condominium is known for its different advantages, as well as disadvantages. So what are the advantages and disadvantages of condominiums and condominium complexes? Modern Housings: Condominiums The typical condominium is most found in business and commercial districts. And it was because of these locations that condominiums became popular and in-demand in the Philippines. This is because of the luxury it offers to its residents, allowing them to live within walking distance or mass transit distance from their workplaces. However, what made condominiums even more popular according to many Philippine real estate experts is its collection of amenities that residents can freely and exclusively enjoy such as their own indoor swimming pools, gyms, as well as a full-size sports complex. Because of these amenities, Filipinos can enjoy a relaxing life even in the heart of some of the busiest districts in the Philippines. However, the disadvantage of these types of housings is that these are usually inappropriate for a growing Filipino family, especially for a growing child. This is because of its lack of necessary environment for children to run and play freely and safely. This is the reason why condominium complexes were established, to provide a type of condominium that can accommodate the needs of many Filipinos in today’s modern lifestyles. Modern Housings for the Family: Condominium Complexes Unlike condominiums, condominium complexes are mostly found in the outskirts of Metro Manila, or even in the provinces. Because of its location, these types of condominiums can offer a more family-oriented housing compared to other types of housings in the city. Because of its wide open spaces and quiet environment, Filipinos can rest assure that their children will grow safely and freely. However, what made these types of condominiums even more popular is with their collection of amenities that not only grown Filipinos can enjoy, but also children. Like condominiums, these types of residential Philippine real estate can also offer the same amenities but with the addition of recreational parks and playgrounds. The disadvantage of these types of housings is its location, which is too far from the city. New Terms of Payment There are a few condominiums in the Philippines today that can offer Filipinos the chance to own a condominium without having to worry about the cost. This is because these new condominiums can now be bought and paid in installment, allowing more Filipinos to own a condominium rather than to rent an apartment unit.
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