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| Given a particular location, many Filipino buyers contemplate on whether to buy land (this includes House & Lots and Townhouses), or a condominium for which to live in or invest in. Allow me to enumerate the advantages and disadvantages of each below… |
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LAND - ADVANTAGES
- Your Living Space tends to be BIGGER
- You have more privacy for your family
- Land will always remain present no matter how many houses you build on it, so it can be passed on to future generations of your family
- Land values appreciate over time (since they don’t make new land)
- You can have your own garden, garage, and even a swimming pool if it’s big enough and if you’re rich enough
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LAND - DISADVANTAGES - More expensive especially if you want to live in highly developed areas - these prime lands are usually high-end private villages with large lots and hefty prices
- All the repairs and maintenance of the house will be shouldered by you
- Cheaper Lands are usually farther from highly developed areas and offices
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CONDOMINIUMS - ADVANTAGES - Locations are usually very near the highly developed areas which house offices and malls, making it very convenient in terms of travel expenses
- Available in small sizes, which allow small families and individuals to live in highly-urbanized areas as well
- Enjoy the Amenities like the Swimming Pool, the Gym, and Function Rooms
- Commands higher Rental Revenues and Income to Investors
- Repairs and maintenance of the Condominium will be taken care by the Condominium Administration like the electricity, water piping, maintenance of the amenities, building facade and interiors
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CONDOMINIUMS - DISADVANTAGES - Living Spaces tend to be smaller
- Monthly dues can be burdensome especially for big-sized condominium units
- Building itself depreciates over time, although the land value increases
- High density - you have plenty of neighbors sharing the same building and amenities
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| Know what you’re investing into - Think about these given observations first before choosing between a land or a condominium in your desired Philippine Property location. Depending on your available finances, your preferences and your dislakes, you should be able to discern whether a landed property or a condominium suits you and your family better. |
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| Choose well! |
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