Bacolod City Condos for Sale or Rent

Pros:

• Location: Typically condominiums are located in more desirable and developed areas than single-family homes.
• Low maintenance: Condos can be easier to maintain and manage compared to a house or other types of properties.
• Value Appreciation: Because condos are nearer to the centers, they appreciate faster in value over time.
• Amenities: Condos often include access to swimming pools, gyms, rooftop gardens, and playground/daycare which houses of the same price may not have.
• More rentable: Because of its central location, condos are attractive to tenants.
• Urban life: you are situated in an urban area but do not have the degree of maintenance required with a house. You can easily lock the door and leave when you need to. No worrying for walls, gates, guard dogs, CCTVs.

Cons:

• More expensive: Condos can be more expensive than other housing types, especially in desirable locations.
• Regulations: Condos may have strict rules and regulations that homeowners must follow, such as limits on noise or decor.
• Privacy: Condos may not offer as much privacy as a house.
• Limited Space: Condominiums typically have smaller living spaces than single-family homes and not much freedom for renovation
• Not perpetual ownership: Unlike a house and lot which can be passed on to the heirs, a condo building will only be liquidated after its lifespan and the proceeds will be divided by the unit owners.