A Closer Look at the Various Housing Types in the Philippines
December 5, 2024
As the Philippines is a thriving country characterized by its archipelagic nature, there is a plethora of real estate property options to fit the ever-changing needs of the market.
Regardless if you are one of the young and active professionals seeking to buy their first own house, an existing condo owner wanting to expand his investments, a dedicated individual eager to purchase his dream house, or a member of an extended family trying to get just the right size of home that can fit all your loved ones, knowing the different housing types in the Philippines is of paramount importance in making informed decisions about your future property. This article will list down some of the most common types of houses in the Philippines that you can choose from.
Single Detached House
A Single Detached House is a form of house and lot that is stand-alone with its own land. It is not attached to any other dwelling or structure, regardless if it is a single-storey house, a two-story detached property, or a multi-level home. This type of housing option is usually fit for those with a higher budget since it tends to be more expensive than condos or townhouses. Nonetheless, it is also often the best housing option for extended families as it offers more space and flexibility.
Benefits of a Single Detached House and Lot
1. Maximum Privacy
Owners of a single detached house and lot enjoy privacy since they do not share the property with anyone.
2. Enough Living Space
Comfort is one of the key advantages of single detached homes as there can be larger living spaces, private parking, and a potential for outdoor amenities.
3. Flexibility for Customization
Since both the house and the lot are owned by buyers, they have the freedom and call to do whatever they want with the property. The design and style of the single detached property can be patterned on bungalow houses, modern dwelling, Mediterranean home, and more.
Drawbacks of a Single Detached Home
1. Higher Cash Out
Those who buy single detached houses have to pay higher initial fees as it covers both the costs of the house and lot and there is also a dependency on how large the land will be. There will also be construction costs that need to be taken care of, and it gets more expensive the bigger the house is, such as two story detached houses.
2. More Maintenance Requirements
Single detached properties usually have a huge living space and outdoor amenities that require upkeep. These can include lawn maintenance, landscape, and interior design and painting of walls and facilities.
3. Higher Property Taxes
In the Philippine real estate market, single detached houses are assets with higher values which also entail higher taxes.
If you plan on buying a single detached home for yourself, you may check out these options.
Single Attached Houses
Single attached homes are independent properties that have one side erected in the ‘boundary line’ that you share with your neighbor. This means that while it is a single unit, you share a common wall with the adjacent house.
A single attached house is commonly seen in subdivisions or residential areas. First-time homeowners and young couples or families prefer to purchase single attached homes as good entry points in the real estate industry.
Advantages of Single Attached Houses
1. More Affordable than Single Detached House and Lot
Single attached homes generally have smaller lot areas compared with single detached ones, therefore, lowering their total cost.
2. Lower Construction and Maintenance Cost
As there is a shared wall with a neighboring unit, expenses for building it up and maintaining it are split between the two owners.
3. Chance to Foster a Sense of Community
Small families living in single attached homes are likely to build a sense of community since they are in close proximity and may share spaces.
Disadvantages of Single Attached Houses
1. Less Privacy Compared with Detached Option
While the residential property is a single unit, still having shared wall and spaces reduces privateness of your home.
2. Possible Noise Disturbances
Loud noises coming from your neighbors might be a concern since you are sharing a wall with them, most especially if there is no soundproofing mechanism in place.
Here is a list of single attached houses that you can browse as you get started with real estate investing.
Duplex Houses
A duplex home is a one or two story house or building with two independent residences that share a common wall. They have separate outside doors for each domicile’s entrance. Each portion of the duplex can have just one or different owners.
Investors, first-time home buyers, a growing family, or extended families with a decent budget favor acquiring this real estate property for its revenue potential, amenable payment schemes, and ability to accommodate additional members of the family while maintaining privacy.
Benefits of a Duplex Home
1. Possibility to Generate Rental Income
If an owner buys a duplex and happens to have no need to use the other side of the home, he can then lease it to gain additional income.
2. Lower Cost than Single Detached Houses
When compared with single detached houses, duplex property types are typically more affordable than single detached ones because the cost of the land where both units stand can be shared. The same is true for its structure and sometimes, even utilities.
Disadvantages of Duplexes
1. Less Privacy
Even if there are separate entrances, having a shared indoor wall still lessens privacy, most especially if the material is not soundproof.
2. Potential Conflict with the Owner or Tenant of the Other Unit
While duplexes offer more financial advantage, there are challenges in terms of possible disagreements with the co-owner or tenant of the other living space. This can range from rental disputes, noise disturbances, to unequal share of expenses and responsibilities.
Explore these duplex options now.
Townhouse
Townhouses are multi-story houses that share at least one or two indoor walls with units attached to it. Despite being a row house, each unit is individually owned and they may be part of a homeowners association or townhouse communities.
Real estate investors and those who want to downsize from larger homes typically find townhouses as the suitable option.
Pros of Townhouses
1. Lower Maintenance Costs
Similar with the previous options that have shared walls, maintenance costs are generally less expensive.
2. Amenities
Since townhouses are inside gated communities, there are various amenities available for the use of homeowners and their families. These include swimming pools, clubhouses, playground, fitness centers, security systems, and more.
3. Stronger Sense of Community
Having an association inside the community may contribute to collective decision-making and shared governance of the whole area, fostering a greater sense of belonging with the community. Likewise, interactions in shared outdoor spaces may become entry points for camaraderie.
Cons of Townhouses
1. Less Privacy
Just like all the abovementioned options with shared walls, there is less privacy in townhouses.
2. Additional Fees
Association dues are charged to townhouse owners for the maintenance of the facilities and common areas, sustainability of security services, and payment of legal fees, as applicable.
Ready to upgrade your lifestyle? Discover these stunning townhouses today!
Condominium Unit
A condominium is multi-unit single building with individually owned unit space and normally established in urban cities. Not all the rooms on the same floor share the same size and structure, as they may be studio type, loft type, one bedroom, two bedroom, three bedroom, or penthouse. All the rooms The structure of the building itself may also range from mid rise to high rise condos.
A condo owner is usually someone who wanted to move to the central business districts, or just wanting to place his real estate investment in properties present in the city center.
Benefits of Condos
1. Luxurious and Exclusive Amenities
The various amenities in condominiums elevate the living experience of the residents. Some of the most common ones include swimming pools, fitness gyms, sports courts, wellness spa, hot tubs and jacuzzi, function halls, rooftop terraces, green spaces, valet parking, and many more.
2. Lower Maintenance Costs
As there is an association handling the maintenance of common areas, usual maintenance costs are less.
3. Ideal for Professionals
With condos built in prime locations, working professionals may find convenience from purchasing or renting a unit space that is near their office.
Disadvantages of Condo Living
1. Monthly HOA Fees
Much like townhouses, all condominiums charge monthly association dues for the maintenance of common building areas.
2. Limited Space
Compared with houses, condo units usually have narrower spaces which make less ideal for big families.
3. Potential Noise Disturbances
As condos share common walls with adjacent units, there is a high possibility of noises coming from other residential owners of tenants.
Indulge in the epitome of urban living. Experience these exquisite condos.
Tips when Choosing the Best Real Estate Property and Housing Types in the Philippines
Choosing the right real estate property is a significant decision. Here are some tips to help you make an informed choice:
1. Know What You Need and Set a Budget
Consider your lifestyle and future plans. Do you need a family home, a retirement retreat, or an investment property. Then, set a realistic budget based on your current means, including the down payment, monthly mortgage payments, property taxes, and insurance.
2. Location
Take into consideration the distance to schools, hospitals, grocery stores, and other essential amenities. Check out the security and safety of the neighborhood. Research about the Look future developments in the area, such as new infrastructure or commercial projects.
3. Property Condition:
While this may incur additional cost, hire a professional home inspector to assess the property’s condition. Check structural integrity, electrical and plumbing systems, and other considerations such as pests.
4. Legal and Financial Considerations
Before finally purchasing your chosen property, ensure it has a clear title. Research and understand the local property tax rates and consider the recurring fees, if applicable. Only after this can you secure a pre-approval for the financing, in accordance to your defined needs.
5. Consult a Real Estate Agent
Real estate agents don’t just sell and hook you with the area or building amenities. A knowledgeable real estate agent can provide valuable insights into the local market. They can negotiate the best price and terms on your behalf. They can guide you through the entire buying process.
By studying about the different housing types in the Philippines and carefully considering the above factors, you can make an informed decision and find the perfect home to suit your needs and budget.