Apartment VS Condo: Which is better for foreigner settlers?

Apartment VS Condo: Which is better for foreigner settlers?

As a native Filipino who used to have basic knowledge of foreigner travelling the Philippines, I know that foreigner retirees—mostly the ones who came from western countries—looks forward to settling with the finest living comforts. It depends on the financial status a retiree or foreign student has. If you can rent a condo and an apartment, by all means—you are good to settle here.

But if you are still doubting whether what could be the lack and plus of both, I listed down below my insights about the disadvantages and advantages a foreigner can expect when planning to rent either of the two. Fame Residences

Condo
Apartment VS Condo: Which is better for foreigner settlers?                                                         

  • Advantages

Away from the downside land of the city, condo units save you from the hassle of staying within the corners of city suburbs. Another perk of this is you can choose which floor are you going to settle to and have a grander view point of the city itself. In my many years of getting along with friends and colleagues who live in a condo, it is always a great thing to come home, in a safe, tall and exclusive condo unit. The elevator is given, no more hassle walking up the stairs. To simply put, condo units are much more comfortable compared to apartments. SMDC

  • Disadvantages

For earthquake scenarios, staying in a condo unit is a risk. Also, the price per unit is not ideal for foreign students and retirees who like to begin from small adjustments and budget.

Apartment VS Condo: Which is better for foreigner settlers?

I had once experience visiting my friend and her sister on their condo units, they were on the 19th floor—and there are only two elevators working. One is not working, and so the other one is slightly dysfunctional, so I stepped out of it once I reached the tenth floor—and I made my way up the stairs up to 19th floor. It really is a hassle. Things like this won’t happen in apartments.

Apartments

Apartment VS Condo: Which is better for foreigner settlers?

  • Advantages

Apartments have a lower cost of rent compared to a condo—although the price may differ when you choose to reside around commercial-based Philippine Cities like Manila. But to be compared in all aspects with a condo unit, renting an apartment is a wiser act for starting foreigner settlers and retirees, in terms of long-term residency. I’ve lived most of my life in an apartment where my family stays for about 23 years. We are still there, and the rent price only gets higher one thousand Filipino pesos from its original price. We had experienced some of the strongest earthquakes while living there, and it is still as durable it had been for 23 years.

  • Disadvantages

You don’t have much privacy, you can have noisy neighbors around, and you will most likely have parking issues. If you have a loving pet with you settling here, you might also have trouble finding one—as some of the landlords prohibit pets around their residence. If you like to adopt a puppy or a cat or have one to take care off, make sure your apartment-to-be is around a domestic-friendly neighborhood. You are also not allowed at times to change anything from the interior of the apartment, and there is a lot of do’s and don’ts.

Last Note

The only thing a foreigner a can face with renting and owning limits is that one can’t buy a condo or apartment unit in his own name and ownership—as there are Philippine law (Section 5 RA 4726 AK. A The Condominium Act that states that only born Filipino citizen has the right to purchase a land in the title. You can only own a condo unit, or rent an apartment—but not the land where it is originally built. So, choosing where you should settle with should be well considered. Shore Residences

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