The real estate market in the Philippines is soaring higher at present. As a result, the developers become optimistic that the constant incline in income and savings, mainly in the middle class, stimulates the demand for condos and house and lots for sale. But when it comes to buying a property in the Philippines, the selection of property plays an important role along with the location. In this country, the most common options for homes are condos and house and lots for sale. Locating on two different ends of the residential spectrum of real estate development; both of these properties have their advantages and disadvantages. So, the cost of the property and your lifestyle can help to decide which property will be the best choice for your needs.
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While you will have privacy inside the unit, it becomes a bit tricky outside as the property shares the space. So, privacy in a condo in Laguna properties is a little less than a house and lot for sale in Sta Rosa Laguna.
Differences to consider when choosing between a house and lot for sale or a condo for sale Philippines
- Location
• Home: According to the land requirements, the majority of the house and lot for sale in Santa Rosa Laguna is situated outside the city. So, these properties are perfect for people, who choose to stay in more laid-back communities however urban conveniences like parks, malls, or business centers are located nearby.
• Condo: The majority of the condos are generally located inside the cities. Therefore, it becomes easier for the residents to get to and from their workplace, schools, colleges, or universities. Besides, condos also allow the residents to stay nearby healthcare facilities, commercial centers, and government offices.
- Ownership
• Home: When it comes to investing in houses and lots, the ownership includes both the land on which the property is built and the structural property.
• Condo: In the case of condos, you will be the sole owner of the condo unit. Outside the unit, you will have to share the ownership with other unit owners.
- Price
• Home: As houses and lots are comparatively larger, they are more expensive when it comes to property taxes and prices. While some houses are a bit more affordable than some condos, they are located outside the metro areas.
• Condo: Depending on their sizes, condo properties are more affordable unless they are in the upscale development or of the penthouse variety. Condos, which are being sold before they are built, or are pre-selling, are even more affordable and would only increase in value as time goes by.
- Security
• Home: Even though exclusive communities come with a semblance of security, which can be compared to condo developments, not every home is located in those communities. So, the securities of the homes are the responsibilities of the property owners.
• Condo: Because of the total number of residents and units, security is comparatively tighter in the condo properties. Here the overall property is accessible to all the residents. And the key sections are generally kept secured through CCTVs and other important security measures.
- Privacy
• Home: One of the major benefits of living in a home is that you can have more privacy. Although you may have neighbors, who stay right beside your property, you can have your private space inside the boundaries.
• Condo: While you will have privacy inside the unit, it becomes a bit tricky outside as the property shares the space. So, privacy in a condo in Laguna properties is a little less than the house and lots.