A condominium unit is now a more appealing choice for young professionals, compared to a house-and-lot. Pinoys aged 20-35 years old are the strongest market for condominiums, as per the latest estimates. Developers are taking notice and strategizing their marketing materials specifically for this demographic.
It’s not easy to see why a lot of young pros prefer a condo unit. It’s located within the city centers, meaning that most important facilities like groceries, shops, schools, and hospitals are within reach. Most of all, it fits their on-the-go and minimalist lifestyle.
While a condo is a great choice, house-and-lot is just as excellent of a choice. Here’s why.
Starting your own family
While some young pros prefer not to start a family anymore, there are still several Pinoys who want to start their own family. A condominium unit may work when your child has just been born, but it can be too small for them when they start growing up.
A house-and-lot offers enough space for your child to play as they grow up. With plenty of room to expand, you can even raise a big family with two or more kids.
Having a retirement place
Horizontal living is fine when you’re young, but it can be difficult as you grow older. When you reach retirement age, even climbing a set of stairs can be a daunting task. While you may still have to climb stairs in a house-and-lot, it’s not as high as a condo.
As Pinoys have a tight-knit family relationship, a house-and-lot is also a great choice for taking care of your retired parents.
Growing opportunities outside Metro Manila
Most affordable houses-and lots are outside Metro Manila with only a few job opportunities within the area. This makes them less appealing for young pros. The great news is, more and more businesses are starting to expand outside the city.
When the outbreak of COVID-19 started, a lot of employers have also fully transitioned into remote work. Nowadays, location isn’t a big deal when it comes to job opportunities.
Being cheaper in the long run
A condominium unit is cheaper upfront compared to a house-and-lot. However, when you total your expenses, it’s actually a lot cheaper to pay for the house-and-lot. Living in condos comes with expensive monthly fees for maintenance and amenities.
These monthly fees skyrocket every year; some condos in CBDs may also increase these bi-annually or quarterly. If you’re not using these amenities, this can simply add up to your costs.
For spacious houses perfect for the needs of every young professional, choose a community from Elanvital Enclaves! On top of having spacious living spaces, you’re offered great amenities such as a multipurpose hall, outdoor lounge areas, play area, and more!
For more information, visit Elanvital Enclaves or contact its sales at +63 9271440196.
