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Q&A: Should I buy a condo or a townhouse? by MyProperty.phPublished: October 21, 2016Updated: October 25, 2016

Torn between a condo and a townhouse? Learn the difference between the two before making a choice.

Should I buy a condo or a townhouse QA MyProperty Philippines

Q: Should I buy a condo or a townhouse?

A: Structurally, condos and townhouses are slightly similar, in that unlike a single-detached house, you property is directly connected to your next-door neighbor’s. Unless you choose an end unit, your townhouse will be attached to another on one side. In a condo, chances are you’ll be connected on both sides and above and below. Also, these days, townhouses are built within gated and guarded subdivisions, much like condo complexes. But how do you choose between the two?

Your decision will depend largely on your current need. To make the decision, here are a few questions you should ask yourself:

• How much are you willing to spend?
• Are you living alone or with your family?
• Would you prefer to live within the business districts, or are you fine with living in the outskirts of the city?
• Is this going to be your life home, or is it more of an income-generating investment?

For singles or young couples who need to be in the center of it all, a condo is the smarter choice. Not only are condos often located close to or right within central business districts (CBDs), these buildings also often come with amenities that people on the go need easy access to, such as its own gym for their health and fitness needs.

For those who are looking to buy a property as an investment, condos are also the ideal real estate option. Because of their prime location, their values do increase enough that you can ask for more when you sell or lease it. 

If you have a growing family, you’ll likely be more comfortable living in a townhouse, which has more space. And unlike a condo where a slot in the building’s garage costs extra, parking also comes with the property. Also, depending on your subdivision’s rules, you can probably park out on the street in front of your home if you have more than one vehicle.

If you’re on the family way, you can also take comfort in the fact that since townhouses have far fewer units than condo complexes, completion would most likely occur faster, so you and your loved ones can move in sooner.

Another key difference to take note of is the proof of ownership that comes with a townhouse and a condo. Townhouse buyers are given a Transfer Certificate of Title (TCT), which is proof that the buyer has taken possession of both the townhouse as well as the parcel of land it is built on. On the other hand, a condo unit comes with a Condominium Certificate of Title (CCT), indicating ownership of the condo unit only, and not the land on which the entire condo building stands.

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