Living the high life in a condominium.
Condominiums have proven to be the most popular housing choice amongst those living in and around the National Capital Region in the Philippines and remain in high demand compared to buying a home. The Bangko Sentral ng Pilipinas (BSP) just released that condominiums are the hottest in the property market and up in price by 12.9 percent compared to last year.
It’s not just the appeal of sky high buildings kissing the clouds, there are many reasons why condominiums attract buyers. All decisions include pros and cons, but the benefits of buying and living in a condominium are seriously too good.
Why choose a condominium for your new home?
- Facilities. Perhaps the best perk of living in a condominium is the facilities, especially with the creativity of new developments constantly pushing the “cool factor” in their new designs. Infinity pools overlooking the city skyline lined with cabana style lounging can make anyone feel like a movie star. You can even drop your costly gym membership fee as it is likely that you will have access to a fitness centre equipped with free weights, cardio machines and full body exercise equipment. Not to mention, cosy libraries, peaceful roof terrace gardens, theatre rooms – all at your fingertips.
- Security. A person should always feel safe and sound in their own home. Condominiums have excellent security features. It’s not just the gate wrapped around the premise of the building, but condominiums staff security guards at the entrance of the building and often throughout the building too. Top this off with CCTV in the parking garage and some common areas, and you can be assured that your safety is protected.
- Maintenance. Never lift a finger again if you don’t have to. There is a whole staffing team designated to ensure that the communal areas including gardens and swimming pools are well looked after. They also maintain the overall structure of the building, including maintenance that directly affects your unit. If you’re air conditioning stops running, simply give the office a call and they will take care of it for you. Maintenance can also mean maid service as well, which makes it easy to hire reliable, trusted staff to clean your unit on a scheduled basis.
- Affordability. When comparing the costs of a new house with all the bells and whistles to a condominium, condominiums pack a greater value at a lower price. This includes ongoing maintenance, as the costs of any works such as roof repairs, water heaters and general repairs are split across the whole building.
Keep these benefits of buying and living in a condominium in mind while you’re out shopping for your new home in the city – and you’ll see how easy it is to literally live the high life.