Would You Rather Buy a Townhouse or a Condominium Unit?

My snap shot of a building in Ortigas, Pasig City
@owstalaga (4707)
Philippines
September 1, 2015 5:12am CST
So I've been thinking, what are your choices when buying a place to live in? Excluding the house and lot option, would you buy a townhouse unit or a condominium unit? The condominium units are booming here right now. And I'm also seeing a lot of families looking for townhouses. Some newly married couples really want a house and lot however their budget are good for condominiums only and can't even afford townhouses unless it is in the provinces. If I get the job I went for an interview earlier, maybe I can get a studio condo unit in a few years. Or maybe not if I want to travel somewhere instead. I can't afford a townhouse or a house and lot unless I get to be a billionaire maybe. How about you? If you do not have your own house and you were to choose, which one of the two would you buy given your current situation?
3 people like this
5 responses
@sacmom (14192)
• United States
1 Sep 15
With my current situation, neither. I have an autistic son who requires plenty of land and no next door neighbors.
2 people like this
@owstalaga (4707)
• Philippines
1 Sep 15
oh wow... that's understandable. Don't worry you're not alone.
@sacmom (14192)
• United States
1 Sep 15
@owstalaga Oh, believe me, I know I'm not! lol
1 person likes this
@Bluedoll (16774)
• Canada
13 Sep 15
I think they both have advantages for first buys. Townhouses give you the feel of an attached house but not all are maintained the same way. Condo's are close to city centers if you like to be but you need to be careful of condo fee's. They both have really good resale values right?
1 person likes this
@owstalaga (4707)
• Philippines
13 Sep 15
True they both have good resale value. So I guess you'll buy both if you could?
@owstalaga (4707)
• Philippines
13 Sep 15
@Bluedoll Awesome! I actually wished I could do that too from all episodes of a real estate reality show I've been watching. Maybe soon but not now.
@Bluedoll (16774)
• Canada
13 Sep 15
@owstalaga Of course if I could, I would keep buying anything with good resale value. I would purchase for resale and/or to rent out getting the occupant to pay my mortgage. I would get rich doing it too. As for choice, there are many factors involved to consider on each purchase too many to go into here I think.
1 person likes this
@bystander (2292)
• Philippines
11 Sep 17
choosing a place to live in and settle permanently is a big decision one has to make, early on in his or her productive lifetime. of course, not all of us were born with wads of cash. so, as we begin working, we make a list of what we want to achieve or get. one of these is a domicile or a place we can call home. there are of course a lot of choices. a cramped studio unit, a condo unit, a townhouse, or a house and lot. in choosing what type of home we will finally have to settle, we will consider of course our work (the distance we have to travel between our planned home and our workplace on a daily basis); then, our earning (can we afford the monthly amortization and other fees that go with owning any of the types of homes earlier stated); then, will the planned home be enough for the family you have planned, which means you, your wife and children; and there are a lot more to consider. what is important, however, is to get a type of house you can afford and will give you the convenience in your work and the comfort your planned family need to have. just remember, there is a sense of permanency in buying a house, whether it is a studio or a mansion. think seriously consider these, and you are on your way to having a dream abode.
@besweet (9862)
• Ireland
13 Sep 15
I would like to have a townhouse with a garden and a lot around the house. But I also can't afford that so I would probably buy an appartment in a multistorey building.
1 person likes this
@owstalaga (4707)
• Philippines
13 Sep 15
Yeah... that is the reality, we can't have some of them. We actually live in what you've mentioned to buy. It's not ours though. How I wish I can buy a condo unit next year!
1 person likes this
@owstalaga (4707)
• Philippines
15 Sep 15
@besweet So true, that's why we don't have our own house yet up to now.
1 person likes this
@besweet (9862)
• Ireland
14 Sep 15
@owstalaga It's very hard to buy a new house in a good area without any financial help. I hope that when I have a family, I will be able to share expenses and buy a nice house. I wish you to make your dream come true soon!
1 person likes this
@cahaya1983 (11121)
• Malaysia
13 Sep 15
Townhouses can be pretty expensive here. If I have to choose between the two I'd choose a townhouse for sure, IF its affordable. I live in a condo now, it has great facilities and stuff but I still dream about having a house with a yard, away from the city.
1 person likes this
@owstalaga (4707)
• Philippines
13 Sep 15
Aw. If I have my own family I'd choose a townhouse too but I'd prefer a condo too because of the ease of living in the city.
1 person likes this
@owstalaga (4707)
• Philippines
13 Sep 15
@cahaya1983 So true, that's why I can't buy anything yet, even on installment. But I know it will happen in a few years time.
1 person likes this
@cahaya1983 (11121)
• Malaysia
13 Sep 15
@owstalaga Ours is quite spacious so its still suitable for families, but the thing is in the cities the prices can break the bank.
1 person likes this