🏠 As Young Professional, Which One is Better - Condo within Metro Manila or House and Lot in Nearby Provinces.

Hello Tansyong Lovers, in this sit-down #Vlog I'll be discussing a Comparative Analysis as a Young Professional’s Point of View - on which one to invest as your dwelling; buying Condominium Unit within Metro Manila or House and Lot in nearby Provinces. If you’re still undecided on which one to acquire, and particularly if you’re within the ages of 24 - 34, working class and with a fast pacing lifestyle, then better consider watching this video.

HERE IS THE LIST THAT YOU HAVE TO CONSIDER FIRST BEFORE BUYING A PROPERTY:

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 💸1. Total Cost Price (TCP) 

Before I finally decided to get a condo unit, I’ve been thinking this multiple times. Condo within the Urban Zone in Metro Manila is pretty expensive in comparison to the houses and lots in nearby surrounding provinces e.g Cavite, Bulacan, and Rizal.

 📍 2. Location of Work.
However, my workplace is in Taguig City, which is very impossible for me to travel from the province towards my office every day. It would be exhausting and stressful. In addition, my fare would be higher if ever I have to take a public vehicle.

 💱 3. Return of Investment (ROI)  

Return of Investment, in this case, is not monetary. I am pertaining to the “value of the property that I am paying every month”. If I am getting a house and lot, the tendency is – I still have to rent an apartment just to cut off my commute time. Indeed, my property will be idle and my monthly amortization won’t be indulged yet my “house and lot” is continuously depreciating. Unlike if I’m going to opt a condo; my monthly amortization might higher but the important is – I am able to use the property.

  ✍️ 4. Ownership 

Having a condo is not a lifetime. There is a law in the Philippines the so-called “50 Years Ownership Act”, wherein if the whole condominium building isn’t in good rigidness anymore, then this will be demolished. Since you only have the title of the unit solely and not on the land, it is impossible for you to claim your property. But I imagine – I won’t stay in my unit during my retirement. Maybe that time, I might have another property in the province for my retirement.

🍹 5. Lifestyle.

Moreover, my lifestyle is truly fast-pacing. How can I get a job in a timely manner if I reside outside Manila? I might get a job but not as urgent as someone who is actually living in the Urban Zone where the opportunities are achievable.

 🔑6. Accessibility.

If I am living in outside Manila, it would be difficult for me to go to the huge malls whenever I want.

💰7. Expenses

The cost of living in the Urban Zone might quite higher than living in the province. But my source of income is located in the City. I would sacrifice a small expense rather than not getting a well-paid job.

🚗 8. Parking Fee

Getting a car is a liability for me especially in the City where we experience scarcity of parking area. You always spend whenever you park your car but what about the gas and toll fee if you’re traveling every day to your house outside Manila.

🐶 9. Pet and Plants.
Getting Pets and Plants inside the condo is quite challenging especially if the “Management” prohibits it. But with your fast –pacing lifestyle, I am not sure if you still need to get a PET and Plant which need special attention.

🔒10. Security.

Just simply, “WALANG AKYAT CONDO, PERO MAY AKYAT BAHAY”.

Undeniably, my viewpoint might not suitable for all my audiences as we have different priorities and plan. But I am giving you my suggestions as Jonathan Orbuda, who always being asked multiple times on such question "BAKIT DI KA KUMUHA NG BAHAY AT LUPA"?