House and Lot

House and Lot
House and Lot

Introduction


Looking for a house and lot in Manila or Makati? Or looking for just a lot?

Pros


  • Ownership and control - both the land and the improvement you can do almost anything you want to remodel etc. but in a subdivision this is subject to the deed of restrictions
  • Privacy - given properties are not in close proximity with others
    • Single detached - typical house with space all around the house before the lot boundaries
    • Single attached - one side of the house is attached to the lot wall boundary
    • Row house - 2 or more boundary walls are attached to the lot wall boundaries
  • Security - depending if the house is in a subdivision with security etc.
  • Amenities - depending if the house is in subdivision it may come with common amenities like swimming pools, sports related facilities, function rooms and the like.
  • Conducive for raising children, families and pets.

Cons


  • Maintenance Cost - both of inside and outside property e.g. roof maintenance for leaks and cleaning, garden if there is one, house repairs from plumbing to carpentry to electrical and so on.
  • Equipment Cost - in order to maintain you might have to get tools 
  • Utilities Cost - higher cost, since there are more spaces 
  • Transport - depending if the house is in a subdivision you may need to drive in and out unless you like walking =)

Next steps