Condo living is on the rise even in a developing country such as the Philippines. You’d surely come across ads for a condominium unit everywhere you look. You’re randomly scrolling through social media, then an ad for a condo for sale in Quezon City will pop out.
True enough, condo living is becoming more commonplace, especially in metropolitan areas. If you want to explore if living in a condo is right for you, you should take a deeper dive into how condo living in the country really is. Here’s the good, the bad, and the ugly of living in a condo in the Philippines:
Condos are great for a number of reasons.
First, they take you very close to city centers. You can find condos in township projects and business districts. This brings you within walking distance to places of work, allowing you to save time and money that would have otherwise been spent on the road. And with notorious traffic, this is a real advantage.
Second, condos also take you closer to much-needed establishments such as malls, groceries, banks, etc. Some condos even have full-service malls below them.
Third, condos have amenities that are difficult to have on landed property. Imagine the costs needed to be able to have a lap pool or a gym in your house. But in a condo, these would usually come as a perk for residents.
Fourth, condos are well-maintained and have tight security, giving you two things less to worry about.
If you can find a good condo from a good developer in a nice neighborhood close to where you work, you will find that condo living is the way to go.
There are just a few things why some people feel averted towards condos.
Primarily, it’s all about the space. Initially, one would feel that a condominium unit is small and thus lacks the space that a house and lot would have. But if you maximize the common areas, such as the reception area and amenities, it wouldn’t look that way.
From another point of view, some people may think that there would be many people living in just one structure, thus leading to crowding or perhaps even issues on privacy. Further, the pandemic has highlighted the concept of social distancing and quarantine, so having your own open space feels like a great thing to have. But many condominium options have adapted to the new normal, allowing you to safely enjoy all the advantages of living in a condo. A good condo from a good developer would always give the residents safety and utmost privacy importance.
Finally, we have the ugly part. Something that most people don’t exactly like seeing would be the costs. Condos are feared to be expensive, and some fear the condo dues. But actually, there are lots of affordable condo options in the market, with a couple really offering economic condos so that more people can afford condo living. There are also a number of financing options that can help prospective residents buy their dream condo.
You should not fear the condo dues, as this translates to services that can make your condo living more worth it. The condo dues help maintain the condo’s structure and the day-to-day maintenance of common areas and, of course, building security.
Living in a condo in the Philippines comes with a lot of advantages. The key to making the most out of condo living is finding a condo that suits your needs perfectly. Finding a great condo in a nice neighborhood with the amenities you need and at a price you can afford really makes all the difference, making your condo living experience just like you dream it to be.