Condo Unit Or House & Lot?

[spencerd]

As a person who used to work at a real estate development company, if you want short term, go for condo. If you want stability and asset that you can acquire and sell in the future, go for house and lot.

Many might not know that when you acquire a condo unit, you only have 49 years to “own” it. Afterwards, the condo developer has the rights to do whatever they want to that property. In short, it’s like a long term lease and not actually owning that propery. So go for a good path of having an actual title that is named on your behalf.

[Deepshit27]

House and lot. Mahal nga lang depends on how big it is pero its worth it rather than a condo unit 

[angang]

Condo, location is right in the middle of main cities

[Waknert]

House and lot value cannot be matched

[hubsnswitches]

depends...location matters most....

[Revan]

9 hours ago, spencerd said:

As a person who used to work at a real estate development company, if you want short term, go for condo. If you want stability and asset that you can acquire and sell in the future, go for house and lot.

Many might not know that when you acquire a condo unit, you only have 49 years to “own” it. Afterwards, the condo developer has the rights to do whatever they want to that property. In short, it’s like a long term lease and not actually owning that propery. So go for a good path of having an actual title that is named on your behalf.

Good point. Also with condo's may routine association dues that you have to pay. Seems like you're renting still.