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There has been so much debate about choosing a House and Lot for sale or a Condominium for sale. Though the answer to this question really depends on the preference of the potential buyer/investor, we will show you some articles showing the pro's and con's of a House & Lot and Condominiums.
House Living Vs. Condominium Living: The Advantages and Disadvantages When hunting for a place to live in, there are several factors to consider and you are oftentimes at a loss and can't make up your mind which to prioritize. For example, you ask yourself if your abode should be near your workplace; should it be standing on a detached lot, as well, so you can tend a garden; or should you consider having close neighbors - the kind living in a condominium would bring?
The common trade-off with having your own house and lot nowadays is your distance from your workplace. Condominiums offer much closer proximities to urban workplaces.
But what are the other advantages and disadvantages of living in a house and lot and living in a condominium? Let's compare them:
House and Lot:
This type of abode generally offers more "breathable" and bigger areas, spacious rooms, gardens, more space for pets, and space for more expansive communities. Higher social interaction among neighbors is achievable. Such communities, like subdivisions, can accommodate more parking areas, offer additional functional areas, and generally offer a cleaner environment.
House and lots offer space for bigger families. In general, house and lot owners are middle aged with at least three children. Real estate developers say that the number one advantage of owning a house and lot is its large contiguous property. A house and lot owner can be assured of large open spaces and a low-density community. Investing in a house and lot also means the family can enjoy modern community amenities such as swimming pools, children's playground, and function rooms for all occasions. Flexibility also makes it possible to convert your house from a primary residence into a vacation house.
Unless a village is located near central business districts, distance and travel time (for those living in houses and lots) is a drawback. Higher fuel prices mean more fuel and household expenses. This could also mean house owners would be relatively far from places of interest such as hospitals, malls, and schools.
Condominium: Condominium units in major urban centers, on the other hand, are best suited for today's fast-paced lifestyles. Condominium users are usually single or young couples starting their families, or typical middle-level executives with less time in their hands for commuting or driving. They would prefer to be near their work or places of interest. For practicality's sake, the tremendous growth of the middle market and given the expensive land as well as the perennial traffic in the metropolis, a condominium unit offers a practical solution. A well-developed condominium also means enjoying a menu of integrated services: higher level of security round the clock, exceptional facilities management, concierge or housekeeping services, better appreciation on investment, and faster turnover on sales or rentals.
Smaller condominium units make living more affordable for young urban employees. Many units are already furnished for hassle free move-ins. Most city dwellers do not have the time to monitor construction and renovation of their units. Condominiums allow them the convenience of moving in to pre-finished units that suit their tastes and budget. In addition, condominiums are easier to clean and maintain.
There is a growing market of young employees and professionals who choose to move out of their parents' homes. These people would benefit from the convenience and security offered by condominium units.
But, again, for the bigger family, living in a house and lot may be the wiser choice. By Mara Bateman http://www.associatedcontent.com/article/242111/house_living_vs_condominium_living.html?page=2 |
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