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Which one is the best for you: a condo or an apartment?

Which one is the best for you: a condo or an apartment?

You’re probably one of the many people who are thinking of getting their dream home. Now, you’re choosing which one is the best choice for you – a condo unit or an apartment. Sometimes, it’s hard to think which one to consider. From finding the best location to the budget to the amenities to the type of accommodation. Maybe you already have your options to find both advantages and disadvantages before settling in.

Whether it’s a condo or an apartment, we jotted down the differences between the two that you might want to hear before putting payment in for your new home:

What is the difference between a condo and an apartment?

There are a lot of differences between the two. One of which is the ownership of the property. An apartment is owned by a landlord. You, as a buyer, usually just rent either a building or a floor and remain a part of the residential society.

Condominiums, on the other hand, are managed by a larger group of people usually in an urban community with a bigger space. As a homeowner, you get to decide which condo unit you can acquire. And, you also have the ability to personalize your space.

How are condos and apartments separated from each other?

Rental cost

The rental cost for an apartment is a lot cheaper. It also depends on how big the room is, how long is your stay, and where your apartment is located. The rental cost for an apartment ranges from Php 3,000 to Php 10,000 every month.

Additionally, the rental cost for an apartment can get high if you live in major cities in Metro Manila. This, then, would cost Php 6,000 to Php 20,000 every month. Apartments have become a good choice for homeowners who want to stay for a short amount of time without spending too much.

Meanwhile, condo units are more expensive because you are essentially buying a property. A condo can also cost expensive depending on how influential your building is, its location, size, and available amenities.

The price range for a condo cost Php 30,000 to Php 80,000 per square meter. Major cities like BGC or Makati cost Php 40,000 and can rise up to Php 140,000 per square meter. If you’re the type of person who wants to settle in a city-like place, then a condo is best for you.

Location

As a homeowner, finding your dream home needs to be planned well. It’s important that your home’s location is strategically placed near malls, workplaces, and other establishments. This is a way to keep it convenient with easy access and hassle-free. Condos are beneficial.

Most of them remain in the center of business districts and major institutions. Meanwhile, if you rent an apartment it becomes important that it has a location in a prime place. However, the demand for apartments near this place also remains high. So, a race sometimes exists to get a good apartment near major hubs.

Amenities

People always say home is where the heart is. It’s important to have peace in your own home. When finding the best home, an apartment offers the least amount of amenities. It often includes typical amenities of a living room, bed, kitchen, and bathroom. However, apartments limit you to personalize space like decorating the house with paints or drilling the walls to place frames. But, there are apartments that offer more amenities depending on how costly the rent becomes.

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Condo units, on the other hand, include more amenities like reception areas, pools, spas, salons, gyms, and even a rooftop. They also let you play with your own imagination and personalize your place with paint and different fixtures depending on your liking. It’s more convenient because you own the property. So, you have freedom.

Security and safety

Condominiums are in no doubt secure with a well-rounded monitoring system throughout the building. They also offer guards that roam around for security, adding the safety card as your key to a unit.

Meanwhile, the apartment only allows the installation of security equipment. It also depends on the apartment you’re occupying. So, it is important to ask your landlord about the safety measures they have for the security of the place.

A final word of advice

The thing is, as a homeowner, it’s beneficial to find a home that caters to your current needs. Whether it’s an apartment or a condo, it’s best to look forward to what you want to achieve between finding a good and relaxing home. This advice is a way of identifying what can be a good choice for you.

Whether it’s an expensive condo or a well-thought apartment, the importance is finding and relying on your happiness of how you can make your house a home.

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