Essential Condo Facts to Consider Before Getting Your Own Condo

Purchasing a condo can very well be one of the best decisions that you have ever made. Having your own condo unit will allow you to save money, resources and benefit from its existing amenities, as well as conveniences that come along with it. It may not be house and lot package but we’re sure it has its own unique lifestyle package that will define your modern approach to stylized living and investment option that would allows you to gain something unique, priceless and inspiring.  Here are five benefits of buying a condo...

1. Owning a condo offers much of the same benefits of owning a house. Condo or house? First time home buyers are often faced with this dilemma. Making the decision to purchase a condo or a single-family home can be difficult. However, owning a condo is often an easier decision as the hassles of exterior “home maintenance” is taken care of.  Plus, residing within a building with gated underground parking provides additional security that is not available within a single-family residence.
2. Condominium owners have access to many amenities that are definitely lifestyle-defining and exceptional compared to a house and lot set-up. Condominium or residential towers will allow residents to gain access to a classy amenity deck located on a specific floor which include a swimming pool, pool lounge, a Jacuzzi, mini-pocket garden with benches, reading nook, outdoor cabanas, open-air spa, fitness gym, mini sky gardens and many other types. Lifestyle amenities vary which depends on the concept or theme of a residential tower. It can either be located altogether in one area or separately. Some residential towers have their Daycare for parents who wanted to leave their kids attended and taken cared of during busy days. Some have function rooms for special occasions. Most condo or residential tower have their own spacious main lobby that often reflects the theme or concept of the edifice.
3. Condominium owners save money. Possibly the biggest benefit of buying a condo is that you can expect to save money on maintenance fees and utility costs. All condominium owners must pay a monthly Homeowner’s Association Fee (HOA).  This fee covers the cost of maintaining the condo building. For instance landscaping, cleaning of the swimming pool and elevator maintenance are all covered under the HOA.  Since everyone in the building is required to pay an HOA fee, this expense is shared amongst all owners. Not only do the condo fees contribute to the building maintenance, but they also cover common area building electricity and exterior common area water costs.
4. Most condo owners pay lower property taxes. Generally, condo owners pay less in property taxes than traditional single-family homeowners due to the fact that the land value is a shared value. Foreigners can also have the chance to own their condominium when they buy a unit.
5. Safety and security are guaranteed when you own a condo since this is a shared community and it is the obligation of the developer to ensure the welfare of condo owners. Most condo or residential towers have tight security aside from having attractive amenities and scenery. CCTVs are readily available, guests and visitors entries are well-monitored by security personnel and state-of-the-art facilities pertaining to security ensures the confidence and trust of homeowners.

Iloilo Business Park's first two residential towers: Lafayette Park Square and One Madison Place

Change your perspective and live a more stylish lifestyle when you envision yourself living at Iloilo Business Park. Touted as the grandest lifestyle township in Western Visayas and developed by real estate giant, Megaworld Corporation, the township spanning 72-hectare located in Mandurriao, Iloilo City, is a place where you and your family can perfectly capture your desire for an incomparable lifestyle. Iloilo Business Park presently showcases 4 unique and upscale residential towers namely One Madison Place due to be completed this year, Spanish-French-inspired tower Lafayette Park Square set to be finished next year, the 22-storey The Palladium offering sky-garden-inspired lifestyle, and the Paris-styled 10-storey Saint Honore.

Iloilo Business Park's upscale residential towers with unique themes: 22-storey The Palladium, Paris-inspired 10-storey Saint Honore and Saint Dominique

Each residential condo unit and amenities of these 4 residential towers are designed to replicate high-end lifestyle, a modern approach of living to the fullest right in the middle of a bustling township and located near other destinations. The benefits of owning a home or a condo unit in any of these towers in Iloilo Business Park exemplifies luxury, passion and vibrancy with its near-complete package. You get to work or have business nearby; you can enjoy various lifestyle amenities including a lifestyle mall, shop-and-dine strip commercial area; look out for unique metropolitan events more often; and enjoy a bike lane intended for a whole day physical activities and a lot more.

There’s no need for you to think twice rather than embrace the exciting lifestyle advantage that you can experience upon living at any of these condo towers at Iloilo Business Park. You get a life beneficial for your passion and your vision. For inquiries, call us at (033) 330-3464 or check us online at www.iloilobusinesspark.ph.