Types of Condominiums

One of the most popular types of real estate properties nowadays are condominiums. A growing number of people are recognizing the benefits of owning or renting a condominium unit. This is evident in the number of condominiums that are on sale in Eastwood, Makati, Quezon City, Ortigas, and in many other parts of Metro Manila.

Condominiums are very popular not just among buyers of real estate properties because they are also quite popular among those who want to rent. A condo in Eastwood that for rent would barely need a lot of advertisement for it be rented by someone working in Eastwood and it is the same thing for other locations.

But condominiums are not limited to tall buildings that you often see in commercial areas. There are different types of condominiums and they each have their own advantages and disadvantages. Below are the different types of condominiums.

• High Rise.  This is probably the first image that comes to mind for many people when someone says condo. However, not all condominium buildings may be considered high rise. Only condo buildings consisting of 19 to more levels are considered high rise. High rise condominium buildings are often found in business districts such as Makati, Ortigas, and Eastwood.

• Mid Rise. Condominium buildings that only have 4 to 8 levels are considered mid rise condominiums. If you are the type who likes the convenience of condo living but do not want to deal with too many people living in the same building, then a mid rise condominium is better for you.

• Hybrid. Sometimes condo developers like to be able to offer more options to their potential buyers. Hence, condominium projects that include both high rise and mid rise buildings are not unheard of. These hybrid projects are often more expansive in land area and offer a more community-like atmosphere.