Financial Blog

Hey there, future homeowners! From previous to current generations, having a place to call home is one of the biggest dreams of many Filipinos. And we know that house hunting can be as exciting as a festive fiesta, but the burning question remains – Which one should you get: A house or condo?

The house vs condo topic has been around since the early 2000s. Obviously, there are pros and cons of each option.

Join us in this fiesta of choices as we unravel the advantages and disadvantages of each option.

Discover how you can make your homeownership dreams come true with a little help from our Security Bank Home Loan.

Pros of living in a condo

1. Front-row seats to the bliss of city life

Craving the pulse of the metropolis? Then owning a condo is perfect for you! Condos in the heart of urban hubs like Makati or Manila offer unparalleled access to jobs, entertainment, and many more cultural wonders.

2. Enjoy a wonderland of amenities

Apart from a great view, condos provide a lifestyle of luxury and convenience where you can enjoy 24/7 security, pools, gyms, and more!

3. Low-maintenance living

With a condo, you can say goodbye to lawn care and headaches. Perfect for busy professionals or those seeking an easy life. Enjoy the perks of hassle-free city living.

Cons of living in a condo

1. Limited space

Yes, condos can be cozy, but if you like to collect memories and things, you might to adjust and embrace the minimalist vibes.

2. Get ready to dance with the monthly dues

It’s the price of those luxurious amenities. Homeowners’ Association (HOA) fees can put a dent in your budget, so make sure that you are prepared for this additional cost.

3. Be one of the crowd

If you dream of an exclusive estate, the limited space in a condo might not be the right fit for you. High-rise living means sharing almost all the amenities with your neighbors.

Pros of living in a house

1. Unlimited space

Houses offer more room to roam, and you can have expansive yards perfect for gardening, family gatherings, or creating your own exclusive amenities.

2. Freedom to personalize

Your house, your rules! Want a rainbow-colored door? With a house, the canvas is yours to paint and unleash your inner interior designer – houses are allowed for personalization without the constraints of condo regulations.

3. Peaceful sanctuary

Getting a house also means getting away from all the city buzz and enjoying the perks of the peaceful environment.

Cons of living in a house

1. The mayhem of maintenance

A larger space equals more maintenance.  From mowing the lawn or fixing the roof, houses demand a bit more attention. Get ready to embrace your inner handyman or you can hire some helping hands.

2. Learn how to tango with the traffic

Houses in suburbs can mean a bit of a commute. You need to learn how to avoid getting stuck in traffic on your way to work or the mall.

3. Prepare for a hefty initial investment

Most houses may demand a steeper upfront investment or downpayment.

Getting the feeling of which one to get? Now that you’ve envisioned your ideal home, let’s talk about how a Security Bank Home Loan can make it a reality.

Applying for a home loan with Security Bank can unlock doors to flexible terms, low rates, and a convenient application to turn your homeownership dreams into concrete reality.

Read more: 8 Simple Tips to Get Approved for a Home Loan

Final thoughts

The condo vs. house dilemma is a dance of choices, and as you navigate the twists and turns, remember that the best choice lies in alignment with your lifestyle, aspirations, and budget.

Whether you’re reaching for the sky in a condo or planting roots in a standalone house, the path to your dream home is paved with many possibilities.

And with Security Bank Home Loan by your side, that dream is just a step away.