Condo conquers Residential Houses | Real Estate Real Estate

People had always believed in the good judgment of practicality as it may have indirectly satisfied their notion about good living. But in reality, it is often no more the accepted form of yesterday?s theory. Let us compare a house and lot to a condo unit placed at any hub in the city. Which do you think is more realistic? And of which dwelling would make living much easier and more comfortable. As the title suggests, it is the CONDOMINIUM that wins.

Here are the reasons:

1. Value

Condominiums are luxurious in design but are usually less expensive, so they are great for first time home- buyers who are steering away from the bidding processes connected in buying single family homes. ?Their prices tend to appreciate at a slower rate, making them a more affordable choice in markets where prices are on the rise.

2. Lifestyle

Having a residential house is a tough calling as maintenance and worrying about a yard are just few of the many drawbacks of living in one. This is an advantage for condominiums which brings up a relevant point that you don?t have to experience the same. Although the price of your condo will cover the cost of maintenance, you will not be required to perform it yourself. Some small tasks may fall to the condo owner, but for the most part of the job like mowing the lawn, replacing broken fixtures, etc. are all taken care of for you. Also, it makes travelling more fun as you don?t fret about its safekeeping. Keep in mind though, that you are still footing the bill.

3. Community

Condominiums aren?t just occupied by people who only share a populated environment but also of common values and social structure as they are encouraged to congregate, and establish relationships. These are generally created in common rooms and amenities provided such as fitness centers, swimming pools, and saunas, where residents are

4. Security

Unlike in detached homes, condominiums offer security cameras, secure entrances, and hired security personnel yet unless you are willing to shell out a lot of money for a single family home. ?These features are part of the living experience, which makes it extremely useful when one lives alone and leaves home.

5. Home Ownership

Reaping all the benefits associated with owning your own home in lavish- style homes is rewarding. ?Plus, you can design it however you want within the confines of the space.

6. Lower Operating Costs

There are things you most likely won?t have to pay when you live in a condominium. ?One is building insurance. ?It?s wise to insure your possession, but the cost of covering the actual structure falls into the hands of the managing company, and is part of the purchase price or dues. ?In some communities, you also would not have to pay heat, water, or other utilities because they are built into the fees you pay. ?So instead of paying lots of bills, you pay one, and because you?re sharing the utility bills with others, your overall operating costs becomes lower.

Author Bio?

Frank Rizal is from DMCI Homes a premiere triple A Home Builder. DMCI Homes offers?house and lot?for sale?and has leasing services which includes?apartments for rent?in the Philippines. Be sure to check Frank Rizal?s website at DMCI Homes for more information.

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