Go Back   Overseas Filipino Worker Forum > News, Politics, Business and Investment > Economy, Money and Investment
Member Log In
Non-Member Registration
FAQ Members List Calendar Forum Photo Gallery Arcade Games Search Today's Posts Mark Forums Read

Buying a townhouse is better than buying a condo unit

  
Economy, Money and Investment Thread, Buying a townhouse is better than buying a condo unit in News, Politics, Business and Investment; A lot of big companies are going abroad to sell their condo units. Why? If you will buy a condo ...
Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 08-18-2009, 10:01 PM
Member
 

Join Date: Aug 2009
Posts: 41
Forum Photo Gallery: 6
Comments: 0
Smile Buying a townhouse is better than buying a condo unit

A lot of big companies are going abroad to sell their condo units. Why? If you will buy a condo and wants to sell them later on, do you think you will be able to get a buyer in the Philippines.
Some condo units are more expensive than buying a townhouse. I know a 3 bedroom townhouse in Manila that only sells for 2.2 million pesos. The townhouse is just 10 minutes away from SM North. A 3 bedroom condo unit normally cost 2.5 to 5 miliion pesos.
If you will buy a townhouse, you will own the land and you don't have to rent or buy your parking space. The maintenance fee for the security is very minimal. It is just 300 pesos per month compared to 1000 to 2500 pesos per month for the maintenance fee of the condo. In five years time, the maintenance fee of the condo unit can go up to 5000 pesos. This scenario is like renting your own unit.
Think twice before buying a condo unit.
Reply With Quote
Alt Today
MabuhayCity
OFW Community
 
Join Date: May 2009
Posts: 272,410
Registered Members: 61,303
Forum Photo Gallery: 3,193
Comments: 1,013

  #2  
Old 08-19-2009, 09:04 AM
dodong's Avatar
Senior Member
 

Join Date: Mar 2008
Posts: 842
Forum Photo Gallery: 4
Comments: 9
Default Re: Buying a townhouse is better than buying a condo unit

Buying condo vs buying townhouse is a good topic.

But, man, the way you present it really makes people think you must be the one selling townhouses.

You told one side stories in favor of townhouses but not the full picture.

I really don't think buying a townhouse is better than buying a condo, or the other way around.

Townhouses or condos suit different needs of different people.

Condos are more expensive for a reason. It has the amenities that a townhouse may or may not have; It also has the security guard and CCTV monitoring which a townhouse most likely does not have; It is normally close to major commercial and business districts or it is just located inside those districts, which could be a big advantage to some people.

So I could also say, think twice before buying a townhouse.
Reply With Quote
  #3  
Old 08-19-2009, 11:03 PM
Member
 

Join Date: Aug 2009
Posts: 41
Forum Photo Gallery: 6
Comments: 0
Smile Re: Buying a townhouse is better than buying a condo unit

When you think of an investment, you don't just think of the present but also the future. What if you got tired of all the conveniences of a condo unit has to offer? Do you think you will be able to sell the unit right away compared to a townhouse?
Remember in 10 years time, the maintainance fee of a condo unit will double or probably higher. What if the whole building burned down or collapsed for whatever resaon, do you think you will still have a unit on that building?

Think again
Reply With Quote
  #4  
Old 08-20-2009, 02:32 AM
ssjmarquez's Avatar
Senior Member
 

Join Date: Sep 2008
Posts: 444
Forum Photo Gallery: 0
Comments: 1
Default Re: Buying a townhouse is better than buying a condo unit

Quote:
Originally Posted by resort View Post
A lot of big companies are going abroad to sell their condo units. Why? If you will buy a condo and wants to sell them later on, do you think you will be able to get a buyer in the Philippines.
Some condo units are more expensive than buying a townhouse. I know a 3 bedroom townhouse in Manila that only sells for 2.2 million pesos. The townhouse is just 10 minutes away from SM North. A 3 bedroom condo unit normally cost 2.5 to 5 miliion pesos.
If you will buy a townhouse, you will own the land and you don't have to rent or buy your parking space. The maintenance fee for the security is very minimal. It is just 300 pesos per month compared to 1000 to 2500 pesos per month for the maintenance fee of the condo. In five years time, the maintenance fee of the condo unit can go up to 5000 pesos. This scenario is like renting your own unit.
Think twice before buying a condo unit.
I'm a real estate practitioner in the Philippines before. Yes, it depends on the people's needs and personal circumstances
Reply With Quote
  #5  
Old 08-25-2009, 01:18 PM
Member
 

Join Date: Jul 2009
Posts: 33
Forum Photo Gallery: 0
Comments: 0
Default Re: Buying a townhouse is better than buying a condo unit

it will all depends on your purpose.
if you like to rent it, or just a plain house that will hold your things while you and your family are abroad then buy a condo unit.
if it is for your family to settle and later on includes you it is advisable for a townhouse or a detach house where you own the land and the house itself.
maintaining a condo during your retirement yrs may not be economical bec of the hidden charges it has.
Reply With Quote
  #6  
Old 08-25-2009, 08:42 PM
zhao fei's Avatar
Senior Member
 

Join Date: Jun 2009
Posts: 923
Forum Photo Gallery: 0
Comments: 0
Recipes: 1
Thumbs up Re: Buying a townhouse is better than buying a condo unit

ang alam ko nasa budget mo yan,kung kaya mo ang price, pro lahat tayo gusto natin mansion ang tirahan natin.
Reply With Quote
  #7  
Old 09-03-2009, 04:40 PM
Junior Member
 

Join Date: Sep 2009
Posts: 2
Forum Photo Gallery: 0
Comments: 0
Smile Re: Buying a townhouse is better than buying a condo unit

oo naman depende nmn kc yan sa budget natin ei, better mag own k ng condo unit rather than you rent with the same monthly amortization and it will become your investment
Reply With Quote
  #8  
Old 09-03-2009, 04:42 PM
Junior Member
 

Join Date: Sep 2009
Posts: 2
Forum Photo Gallery: 0
Comments: 0
Default Re: Buying a townhouse is better than buying a condo unit

sa mga interested jan mag invest or sa mga nangungupahan meron kming condo unit na binebenta lapit lng sa sm north edsa
Reply With Quote
  #9  
Old 09-03-2009, 05:23 PM
Senior Member
 

Join Date: Aug 2009
Posts: 430
Forum Photo Gallery: 158
Comments: 4
Default Re: Buying a townhouse is better than buying a condo unit

Quote:
Originally Posted by resort View Post
When you think of an investment, you don't just think of the present but also the future. What if you got tired of all the conveniences of a condo unit has to offer? Do you think you will be able to sell the unit right away compared to a townhouse?
Remember in 10 years time, the maintainance fee of a condo unit will double or probably higher. What if the whole building burned down or collapsed for whatever resaon, do you think you will still have a unit on that building?

Think again
So you are saying people can get tired of condos but can never get tired of townhouses? And a condo building can be burned down or collapse but a townhouse can never be burned down or collapse?

I might be from province and not educated enough, but your arguments don't sound right to me.

I saw in another thread indeed you are selling townhouses.

People can have their personal preferences but please don't mislead people here only because you want to sell townhouses.
Reply With Quote
  #10  
Old 09-07-2009, 04:06 AM
ssjmarquez's Avatar
Senior Member
 

Join Date: Sep 2008
Posts: 444
Forum Photo Gallery: 0
Comments: 1
Default Re: Buying a townhouse is better than buying a condo unit

In order not to mislead some of our co-OFW's who wants to invest in Real Estate, each and everyone of you should present here instead the Pros and Cons of owning a condo or Townhouse unit. Not just presenting one side of the arguments so that everyone will be enlighthened to your proposal not like sounding you're are only favoring one because you're either a selling agent of a condo or a townhouse. A good and a professional Real Estate practitioners should not in any manner give misleading information to his client just for the sake of selling one and getting his commission. Acts of faireness and fair play should be the essence of the game.

A wise buyer or investor should always weigh-in things with objectivity depending on his/her needs. Noteworthy to mentioned some of these factors are:

1. Area or location of the property. Does the area will serve most the investor's pupose or plans very well. The location of the property also sometimes dictates the future saleability of the units. Potential future valuation increment depends on the exact location of the property and future development in the area. This can be determined by using the applicable methods of appraisals- Market data approach, income approach etc. as applicable.
2. Reasonability of the price. Make model, amenities, security, surroundings and environment etc. 2.1 Availability of financing scheme if any.
3. Developer. Does the developer has a proven track records in the Real Estate world in the Philippines for selling quality units.
4. Security of ownership. What form of ownership the investor's may have on the property, For Condo, we have what we called CCT ownership certificates. Four townhouses, we have TCT's. (Each of this form has its own advantages and disadvantages)
5. Oppurtunity or Income potential on the property.Does it a self liquidating investment? Does the property has at least an earning potential or a price appreciation of at least more than the prevailing inflation rate. 12% per annum is better as a hedge against inflation.
6. Does the property has a good selling potentials that you can make at least a desired profit after keeping the property for quite sometime. Does the property can easily be converted into cash when an immediate needs arises?
7. Life span of the unit. This factor is very important especially for the condo units. Why because you cannot just renovate your unit on your own. So you have to compute the cost -benefit ratio on the property based on the life span of the Unit.
8. Cost of maintaining the property, rentals for car spaces, guards, and utilities, real property taxes and so forth.
9. And so many more... These are only some of the basic things you have to consider before buying one.


Thanks and I hope this can contribute to somebody who is aspiring for one.
__________________
________________________________________________________
BE HONEST: Even if others are not…Even if others will not….Even if others cannot. “ He who walks honestly walks securely” Proverbs 10:9
Reply With Quote
OFW Community
Reply



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Buying lots of the same item - in different colors? Klaudia Culture, Style, Fashion and Home 7 09-04-2009 02:40 PM
Buying a condo unit? Think twice resort Properties for Sale in the Philippines 0 08-17-2009 11:04 PM
Terms and conditions of buying an apartment CaathyBlack Business and Entrepreneurship 0 07-29-2009 06:34 PM
Things You Regret Buying hydz Pinoy Tsikahan 5 08-24-2008 11:31 PM


All times are GMT +8. The time now is 10:58 AM.


Forum Tools
OFW Resources
OFW eCards
Profile Photo Rate

klaudiacarehome.com - Adult Assisted Living in Airzona
bahaytalaan.ph - 

Philippines Home Listings
bahaytalaan.ph - 

Philippines Home Listings

Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 PL2
   

Custom Search