a house or a condo unit

[RafRaf]

Folks, what are the pros and cons. Is it better to get a new house in those subd being developed around the metro or get a condo unit on those high rising buildings being constructed around? Price range are comparable, right? Some of the units are even 2 floors/2 bedrooms. What are your experiences... if any of you had bought/invested in either one.

[mikey177]

Your decision will depend on a lot of variables. Personally, I'd opt for a house in a decent subdivision because I like to have as much privacy and space as possible (growing family and all that). Plus, I see a house as a long-term investment that you can pass on to your children. Also, when your house begins to break down after 30 or 40 years and you need to rebuild it completely, there will be less hassle compared to when a condominium building needs to be rehabilitated already.

I wouldn't know if you have to pay real estate taxes for a condo, perhaps someone can chime in on that point. Also, although there are guards stationed at a condo entrance, with a house, you have absolute control over who comes in or out, unlike a condo wherein you don't even know who your neighbor is letting in. YMMV.

[badkuk]

be sure to check the other "fees" involved with a condo. mura nga sya, pero sa "maintenance fee", etc ka babawian.

wala pa naman akong pamilya and such, pero gusto ko rin house n lot...mas me privacy kasi, and mas madami kang pwedeng gawin in terms of construction/improvements (although subdivisions do have certain rules about what you can build)

[BoyFerrari]

Nothing compares to owning a piece of "land". When you buy a house and lot in a subdivision, you become an owner of a portion of this planet. When you buy a condo, you become an owner of a portion of a building owned by someone else.

[kimpOy]

Nothing compares to owning a piece of "land". When you buy a house and lot in a subdivision, you become an owner of a portion of this planet. When you buy a condo, you become an owner of a portion of a building owned by someone else.

hitting the nail on its head

[Linkk]

if you're still single mas ok ang condo pero pag pamilyado ka na dun ka na lang sa subd.

[Josh0027]

Depende sa need mo. If you're working in the metro and need quick access, get a condo. If distance is not a problem to you get a house and lot. For practicality, it's better to get a house and then get a condo afterwards for convenience.

[ILuvDetailing]

Given a choice. I'd pick the house, it may be more expensive to live in a condominium, given all the miscelleneous payments. Plus you'd have your own space and privacy. Most importantly you get the title/ownership of the land.

[Innova_Boy]

The big cons in a condo - Earthquake..

Has anyone of you here expereince staying say 25th floor then EQ of intensity 7.0 happening around??

WBR,

[bosstl]

usually, those who get themselves units in a condo usually have a house and lot already, but too far from their work location hence the condo unit for convenience. others have them as temporary residence only.

if you're thinking of long term scenario, better get a house. even if it's located far... you'll be surprised that in a matter of time, the provincial location would just be like an hour's ride and wouldn't be consider very very far by present standards. besides, you will be the absolute owner of your land and can do whatever you like with it (unlike in a condo, you always need to ask permission to change things to your likings). besides, if you have a car, you can have it parked in your garage...free of charge. and if you have two, you can always leave the other one at the street at the front of your house...again free of charge. you can have parties and worry not how many of your friends will come or where they would park their cars. hehehe.

basta ako ayoko ng condo. kahit libre pa yung condo (as a gift)... talo ka pa rin sa miscellaneous expenses. ang daming fees monthly!