Buying your own home is a decision that ranks among the most critical choices anybody can make.
When considering property investment, people generally look for a place where one can find solace, freedom, and a breath of fresh air, away from the chaos of daily life. But the question that looms large for many is whether to invest in a house or a condo unit.
Here’s a modest guide you can use to answer that question.
Cost-efficient investment
Cost efficiency is subjective when it comes to owning a property. Condominiums are typically less expensive than houses due to their size, and their maintenance is usually cheaper as you are only responsible for the interior of your unit.
With association fees in place, you won’t have to worry about exterior maintenance or administrative assistance.
Condos have a dedicated Property Management Team consisting of professionals who are specifically trained to oversee the day-to-day operations of the property. Their primary responsibility is to ensure that all amenities, facilities, and common areas are kept in optimal condition.
This includes regular maintenance, repairs, and upgrades to uphold the quality and functionality of the condo.
While houses provide homeowners the freedom to customize a larger space and transform it into your ideal home, you will be responsible for all maintenance and repairs. Regardless of whether you choose a house or a condo, it is essential to have a realistic budget in mind before beginning your property search.
A space that breathes life
Leading a busy life gives us limited time for leisure so it’s important to check on the amenities incorporated into the spaces you’re eyeing for.
Condominiums offer a plethora of facilities such as swimming pools, fitness gyms, kids’ play areas, game rooms, and lounges.
Communal areas provide condo owners with an abundance of ways to relax and unwind without having to travel too far from their residences.
These communal spaces also foster interaction among residents, enabling them to forge connections and establish a sense of community.
Houses may not offer as many amenities to homeowners. Depending on the type of lifestyle you want, the amenities incorporated into the spaces play a crucial role in enhancing your quality of life.
Security, convenience
Condos have shared spaces such as lobbies, hallways, parking, and amenity areas. They often have security personnel and 24/7 surveillance systems in place.
In contrast, houses have individual entrances and private spaces, which may require homeowners to implement their own security measures.
Condominiums are usually located in business districts and mixed-use communities, offering unparalleled convenience to their owners. These locations give residents access to a myriad of lifestyles and commercial establishments.
Redefining city living
MidPark Towers, located in Aseana City, provides an example of city living. It has splendid amenities and convenient access to transportation linkages, lifestyle centers, businesses, and services. The property is close to Ninoy Aquino International Airport via NAIAx and is near the Entertainment City, home to Solaire Resort and Okada Manila.
Developed by Aseana Residential Holdings, Corp., MidPark Towers is a four-tower residential property set for completion in the last quarter of 2023.
The units range from studios (40 sqm +/-) to three bedrooms (120 sqm +/-).
MidPark Towers also provides a host of amenities to support growing families and inspire the imagination and creativity of children, from kid’s play areas to outdoor pools, fitness gym, and private and business lounges.
For more info on MidPark Towers, visit www.midparktowers.com.