OFFICE OF THE PRESIDENT • REPUBLIC OF THE PHILIPPINES
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Common Types of Houses in the Philippines

 

Home Guaranty Corporation

With the influx of real estate properties in the market today, it is difficult to decipher which type of living quarters would best fit your taste and budget. Here’s a rundown of your options and its pros and cons:

  1. Condominium

    condominiumGenerally, young professionals and small families prefer to live in condominium units because they are less expensive than house and lot units within the metropolis or nearby cities. Condo units afford dwellers a sense of ownership with the “rent-to-own” payment scheme offered by some condominiums. The accessibility to business areas, shopping districts and employment centers make condos more appealing. Further, condos offer a convenient and “luxurious” lifestyle through its host of amenities including 24-hour security surveillance, guarded parking space, and fitness and recreation facilities, among others. However, living in a condominium signifies your conformity to live among other unit owners who, by default, become your instant neighbors. Condo dwellers are expected not only to respect the rights of their instant neighbors but also to abide by the restrictions imposed by the condominium Management. Boisterous parties, indoor barbecues and even pet ownership are prohibited in most condo buildings. Unit owners must also share the expenses for the operation and maintenance of common areas such as lobbies, passageways and utilities such as garbage disposal and security services. The concept of condominium is ideal for people who are on-the-go and would only return to their unit to sleep.

  2. Apartment

    apartmentCondominiums and apartments have several similarities; however, the former offers a more upscale lifestyle than the latter. Nonetheless, living in an apartment is a top choice for those who yearn for an affordable dwelling space that is more spacious than a condominium but relatively smaller than a single-family detached house. In general, renting an apartment is a better option than a condominium if you are always moving or you expect to leave after a short period of time.

  3. Single-attached/single-detached house

    singlehouseOwning and maintaining a property offer a sense of pride. Being able to declare “Yes, this is MY home!” is a feat in itself. As the owner of the house, you can do whatever you want to it without getting consent from a landlord or Property Manager. You can also take pride in having a property that can be passed on to your kids and your future lineage. Whether it is a bungalow, two-storey structure or townhouse, a house is indeed an investment. Nevertheless, purchasing a house also has disadvantages. One of which is settling there for a long period. You cannot just pack up and move if you get a new job in a new city or if you suddenly want a change in environment. You can try to sell your house but it is costly, difficult and time-consuming. In addition, the maintenance of your house shall be your sole responsibility as well as paying property taxes and interests.

If you want to avoid the costly construction of your own home from the ground up, you may consider purchasing pre-existing structures. Happy Buying!

 
 

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