Home vs Condo: What Property is Best for You?

Real estate or property investment is one of the sought-after assets by many people who have financial capability to purchase such. Others might not have cash yet but are able to avail of loans are very much interested in buying a property. For independence or luxurious living – for whatever reason it might be, getting a property is always appealing to many.

As this is a good investment to take, we should know that the amount we are going to shell out is not a joke. That’s why we have to think about this investment very carefully.

Though there are no hard data about this, I think we could assume that before, many people go after house and lots as buildings particularly because condominiums are not so rampant as today. Now, people have more options as to which property they can invest on. The big dilemma most of us are probably facing is, which is better? A house and lot or condo?

In this article, we listed a few advantages and disadvantages of living in condo and in a house and lot. Will the new trend of way of living takeover the traditional one? Keep on reading and let’s explore this one together:


Condo Living

Residing in a condominium unit is more apparent in the urban setting. We can’t deny the fact that almost all cities and even developed provinces have tall buildings around which are usually condominiums. Why is there such a trend? Is there really a demand for more condo units? Though it is not the main point of this article, it might be good to reflect on as we go along with some of its pros and cons.



  • Your safety and security is not so much of a concern: Good thing about living in a contained are like condominiums or hotels is that you don’t bother so much about your safety and security. There are CCTVs around the place, security guards posted, and safety measures and equipment available in all units.  

  • You have lots of locations to choose from: Given that there is a rise of tons of condo units, you won’t have any problem with thinking of where to buy – because they are almost everywhere! There is one near your kids’ school, your workplace, a mall or a tourist attraction!

  • The unit can be easily developed and be out for rent: If you go online and hit search for where to say for your next vacation, condo units are usually being advertised and rented. Why? It’s probably because it is easier to develop and experiment with the space that you have in a unit. Besides, if you are looking for business (i.e. staycation units), this one is a good catch.

  • There are a number of free amenities, services, and activities exclusively just for you: The price that you pay for buying a condo unit surely doesn’t go to waste. Most, if not all condominiums, offer a wide variety of free amenities, services, and activities exclusive to its residents. Talk about swimming pool, gym, playroom, and a whole lot more!



  • The space might be quite limiting: On the other hand, not all people can stay in a very limited space. You can’t punch a hole thru the next unit if you want some extra space because again, you are “contained”. You have to work with what you have, and unfortunately, not all people can deal with that so you better know your priorities.

  • Outdoor planting and gardening activities are a little bit impossible for you: We are not saying that condo living kills nature lovers’ dreams. But we have to face the reality – it is harder to grow plants inside your room as not all units get good sunlight. House plants can survive but your sili, kalamansi, and other helpful plants, maybe not.

  • Can you call it yours: Though technically you are owning or renting a condo unit, there is that thought “akin ba talaga ito?” A good friend of mine told me before a practical thing about buying or renting a condo unit: you will pay for it, develop it, and use it. Knock on wood but what if there’s a calamity or disaster like earthquake that could destroy the entire building? For example: there are 15 floors and each floor has 10 units, so it would be 150 units or more or less 150 owners. In the tiny lot that your building used to stand, which of which is yours? Is it really yours?


House and Lot

This point of house and lot generally tackles the “traditional” or usual houses that we see on the streets, subdivisions, urban or even in the rural setting. So, it does not only mean the ready-made row or townhouses that nowadays are being frequently offered. Given that, what can it be its advantages and disadvantages? Here are some:



  • You can have bigger space: Though this is still depending on how big will you purchase, the chance of accumulating bigger space is higher when you buy a house and lot. Besides, it is somewhat easier to expand your territory if the next lot is still available. Adding more into that, this also points out that you can see your car parked outside your house, your pets freely roaming around, and witness your plants and trees grow bigger and bigger.

  • The sense of community and belongingness is more evident: Your kapitbahay feels a lot closer to you. Most of the time you can interact with them and befriend them. Walking around and bumping into them is not as awkward as knocking to someone else’s door just to say hi. Also, not to mention that you get to celebrate fiesta and other barangay events more merrily!

  • You can further develop your place – not just a unit but everything: Again, depending the one that you’ve purchased, you can further develop the whole place – the house, backyard or basically the whole lot if your budget permits. Just don’t forget to have your building permit ready if it’s going to be a major renovation.

  • The land or lot and the house are all yours: If you know that you got your place by legal means and got it in good faith (which is very important), you know that you own it. Aside from that, you can share it to your families and friends, or even include it in your last will and testament.



  • It is harder to look for a house and lot: Today, you will realize that it has become harder to look for a house and lot being sold near or around the city proper. Let us not deny the fact that our country is quite overpopulated and almost all of the go-to places of people are already full. Though there is a rise of selling properties in some provinces and still a few around the Metro, you have to think well if buying a property there is worth it even if your kids’ school or your workplace is far away from your house.

  • The surroundings might not be that secured: Not unless your house rests in a highly-secured subdivision or have neighbors to always save the day, you kind of have that feeling that you are not that secured. Even if you say that you know the neighborhood well, what about the “dayo”? I guess you just have to be extra careful with your safety and security measures at home.

  • House renovation or development is a little bit costly: Similar to what Spiderman’s grandpa said “With great power comes great responsibility”, it also true that with bigger space comes bigger expenses. We know how much it costs to build a house from scratch, or to renovate a pie of your place. It is hard to risk in literally cheap materials because we don’t want to save just for now but rather to prioritize the quality of what we’re building. Finding more cost-efficient materials and contractors is better.

We hope that given these points, you had a good start in reflecting about your priorities and considerations in investing in a property. You know how hard it is to raise funds and we don’t want to put your hard-earned profit into waste. So think about it really well, consult your trusted family members and colleagues, and invest well!

By: Angelica Samson