Technical Discussion on impact on human behavior/behavioral patterns

A Condominium said that is a private residence owned by an individual or a group of people in a

building with multiple units. The impact of a condominium or apartment to the people is that
living in a condominium is like home but without have a yard, living in a condominium is like an
apartment but you own it. There a lot of impact of behavioral in condominiums/apartment but
with this concept are the condominiums or apartments is good for the people or bad.

In terms of discussing the impact of human behavior, here in the Philippines living in a
condominium mostly are people in middle income. Why? Condos are affordable compared to
house and lots Middle class families agree that instead of buying a house and lot here in the
Metro, families are instead investing in a condominium. Your typical house and lot or
townhouse especially in exclusive subdivisions are at least twice the price of your 2BR
condominium unit. People thinking that having a condo than the house will make their life
easier one of the most common is that condos provide a good alternative because they are
usually located in main thoroughfares, with access to public transportation something that is
usually the concern of a middle-income buyer who does not have, or does not want to use a car
to work. And most good condo developments are near or have inside their building retail areas
and restaurants for those tenants who do not want to travel too far to get their groceries, shop,
and dine out. This makes living in a condo economical for the accustomed city dweller.

CONDOMINIUM
ADVANTAGE POINT People most of CONSIDERATION FOR
OF CONDOS the time tend to BUYING A HOUSE
choose their
lifestyle based on
their physical
surroundings and
PERIMETER level of comfort AFFORDABILITY
SECURITY

CONVENIENCE
LIFESTYLE HUB AND AMMENITIES

MAINTENANCE BRAND NEW VS

SUBSALE PRTY.
 Most middle income and overseas Filipino workers view owning and
living in a condominium not just as an economical or practical living space
for their families, but is also seen as a means to show off their
economic success to their friends and peers (Rellora, 2016).

Retrieve from https://business.inquirer.net/245752/condo-take-high

The selling point of condominium or high-rise properties

While landed properties provide more financial sense to invest in, their drawbacks are easily
what condominiums are known to be good for.

Perimeter security

This is the strongest point for most high-rise properties, particularly lifestyle or resort-style
living condominiums. The levels of security in high-rise properties are usually stricter than that
of a landed property – from multiple tier access card features to 24/7 security monitoring.
Condominiums can easily provide better security compared to a gated community.

Lifestyle hub

Condominium developments often provide access to certain amenities that wouldn’t be

practical or affordable for an individual house owner. Clubhouses, golf courses, swimming
pools, tennis courts, fitness facilities and even the actual location – such as a beachfront
property – can be much more affordable when shared by a group of owners, rather than by an
individual property owner.

Maintenance

Maintenance is another factor. For a condominium, owners will have to pay maintenance fees
every month to keep up the maintenance of the property, which includes facilities like gym and
swimming pool, as well as any external or internal repairs.

For a landed property, there is no need for maintenance fees, but the owner will have to make
sure all the maintenance are done on their own – their yard, the pipes, and sewage system.

More affordable

This aspect can be considered as a luxury when buying a landed property, thus landed
properties can get ridiculously expensive if they are within these cities’ prime areas. A
condominium unit, on the other hand, could be just half or even one-third of the cost of a
landed property in prime areas.
Key considerations when buying a home

Real estate provides a very rewarding return on investment if strategically planned, but there’s
more to it than purchasing the first decent property that you see. With the current economic
climate, there’s no shortage of properties with ideal attributes to choose from. Although this is
good for providing more options to buyers, it makes choosing the right property slightly more
complex.

Affordability

Purchasing a property is a huge and long-term investment. That’s why the first thing to consider
before buying any property is your debt to income ratio.

While it’s most likely that banks or Pag-IBIG will be financing your property purchase, they do
come with a (almost) lifelong (30 years maximum) repayment. So, it’s not really a good idea to
borrow the maximum amount that they offer because eligibility and affordability are two
different things.

Ask yourself this: If you purchase the property, will you still have enough funds for your other
financial obligations and daily essentials?

Convenience and amenities

Real estate is truly about location. It’s common knowledge that the nearer a property to
industrialized and business districts, the more expensive it will get. Also, landed properties are
more expensive than a condominium unit in developed areas such as Bonifacio Global City,
Makati, and Cebu due to land scarcity.

Furthermore, most condominiums offer amenities like pools, playgrounds, function rooms, and
gyms that you can’t find in most landed properties. Also, they provide tighter security as they
also have 24-hour security and on-call maintenance, on top of building maintenance. However,
these come at a cost, where residents have to pay a monthly maintenance or association fee,
ranging from ₱50 to ₱100 per square meter.
Brand new vs sub-sale property

While sub-sale properties are more affordable and are likely to be in strategic locations, they
also require more scrutiny than a newly built and dispersed property. So, before jumping the
gun, inspect the property and its surroundings thoroughly. Will it cost you more money to do a
renovation than buying a newly developed property? Weigh your options first.

SECURITY
SAFETY FITNESS
CENTER

LOUNGES

SWIMMING WI-FI
POOL

PARKING CLEANLINESS
AREA

Retrieve from https://www.123rf.com/photo_48828748_stock-vector-hotel-condominium-and-home-services-and-

facilities-icon.html

In terms of target of buyers mostly now students are in demand of getting a condo specially in
accessibility. For those Filipino parents, who living outside metro manila or based overseas and
send their children to manila to study college degree. Naturally, these parents would purchase
or lease condominium units to their children. So the physical impact need of a condominium
should have commercial areas, swimming pools, fitness center, function rooms, student
lounges with strong WI-FI connection and multipurpose decks or room so the client can enjoy
what they paid off.

Retrieve from https://rfclipart.com/hotel-accommodation-amenities-icons-4817-vector-clipart.html

Also maintaining the ambience and safety and security of the building should be one of priority of the
developer and investors. The time spent by the student traveling to and from school can be spent for
more important things in his or her life, like studying (dizon, 2018)