3 Things You May Not Know About Townhouses in Manila
Before
the condominium boom, the local real estate market in Manila mainly comprised
of apartments and townhouses. This was largely influenced by the steady
population growth that the country experienced over the last few decades. Even
today, this type of housing is still considered the most convenient option for
families, especially those who are just starting out. The demand is still high
for townhomes in the city, as evidenced by a wide selection of modern
properties and contemporary developments populating major home listings. If you
are interested in buying a townhome in Manila, below are some things you should
know about city townhouses:
Townhomes
are great because they offer the benefits of both a condominium unit and a
single detached house. Like detached homes, you get to purchase the land on
which the property stands, but don’t necessarily have to spend too much on
miscellaneous dues, since very little common area is shared with other owners
(unlike condo units). Townhouses are like condominiums in that they can be
bought ready for moving in while offering similar amenities as condo
establishments.
While
there isn’t a definitive range of townhome prices across Manila, you can be
certain that these are excellent property investments in every way. The best
way you can be guided in your purchase is to work with a real estate broker
specializing in these kinds of properties. This way, you can get sound advice
not only about prime properties but also about snagging good mortgage
agreements.
Finally,
townhomes are usually located within gated communities or subdivisions, which
makes them very secure. However, they may also be situated in non-gated
villages, which may be less controlled. This said, Manila is a safe place to
reside in, making it a great location to consider when seeking out a city
townhouse for your growing family.
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