By: John Christoper Lara | Groundbreak
Choosing the perfect place to settle can be tricky especially now that the real estate industry is booming and there are a lot of options and opportunities around. But, don’t be pressured. Stay focused and stick on what you need and what you want. Also keep in mind that your next home should suit your lifestyle. Owning a house and lot is not the only option. Though it is really the ultimate dream of everyone, usually this is often being chosen by those who really want to settle their lives with their family. But, if you’re someone who has just started a career, or still looking for someone to get along with or even someone who’s enjoying and living in the moment, there could be a better choice for you; a condominium.
Owning a landed house provides you with limitless freedom to do what you want with your home. Paint it with whatever color or design it with what pleases you. But on a condominium, there could be lots of regulations and rules to follow. Remember, you only have a unit inside a building and you don’t have much jurisdiction over the exterior of your property. Though you’re still as free to choose whatever furniture or design pleases you the most inside your condo.
When it comes to space, of course a house and lot has every space you need compared to a condo which is only limited to the interior of your unit. On a landed house you have pretty much space to do gardening, lawn design or maybe put a trampoline or a slide for the kids. Though a condominium might also have lots of amenities, it is still different from having your own personal space which you can utilize. While when it comes to interior space, both differ when it comes to the size. The only difference is you can personalize and renovate a landed home more unlike a condo unit which is usually fixed and of course, major renovation is impossible such as putting on a second or third floor.
Your safety and security is obviously important. When living on a house inside village, usually, there are guards hired by the homeowners’ association whose posts are located right on the main gate of the village. They could do scheduled patrolling depending on what they are told but you can’t expect them to be able to guard each and every house 24/7. This is where a high-rise property is best at. Security cameras all around and a team of security personnel on the ground floor are in-charge of securing the whole building. Given that there is only one entry and exit point, you make sure that there is close monitoring all around the building which assures maximum security.
Maintenance is another factor. Owners of condo units are usually required to pay maintenance fees every month to keep up the maintenance of the property. This includes facilities like the gym and swimming pool, as well as any other repairs.
On the other hand, when you have a landed property, there is no need for maintenance fees, but you will have to shoulder all the maintenance on your own – the yard, the pipes, as well as the sewage system.
On top of all these, one of the major concerns would be the affordability. This is where these two types of property will have a big difference. This is where the size and location would really matter a lot. A landed property, for instance, could be very expensive when it is located on a prime area or major city compared to a condominium which can go just half or even one-fourth of the price even if it’s on a prime area.
Landed properties are commonly expensive because of its size and of course the land which is an additional property that you will own. Condos, on the other hand, have a wide price range and are often within the budget of first-time buyers.
In the end, whether you choose a condo or a landed house, it is still up to you how you can make the most out of it. After all, it is you who will live beneath it. It’s hard to tell whether one is better than the other because every home is a different story. Every owner will have a different experience. But what’s important is that no matter how luxurious or simple it is, as long as it is a fruit of someone’s hard work, it is always going to be worth it.