Introduction to Condos

A discussion follows of condos in Lapu-Lapu City, which is situated in Cebu Province, Central Visayas Region, the Philippines. A condo, or condominium, unit is a demarcated residential section within a larger structure. Technically, the difference between a condo unit and a unit classified as apartment is one of ownership organization, but in practice the variation is one of quality. A condominium unit is generally expected to have more ostentatious shared amenities and a higher value of construction.

Condos For Sale or For Rent

A condo unit may be offered either for sale or for rent in either a furnished or unfurnished condition. There is little doubt that in this respect condos do not vary significantly from houses, townhouses or apartments. The number of bedrooms, other rooms, and furnishings such as furniture and fixtures must be described. Lease terms are most often no significantly different than for detached dwellings. However, unlike stand-alone houses, condos most often require a monthly maintenance fee covering building maintenance, cleaning of common areas, garbage consolidation, etc.

Finished Condos

Only few first-time buyers are aware that condos may be finished or unfinished. The purchase of a condo may only entitle the buyer to a three-dimensional space within a structure, so a condo may be completely unfinished, lacking curtain walls, a ceiling, or even electrical wiring. The condo unit may be in unfinished condition even if the rest of the building consists of mostly finished units, and if common areas such as hallways have been finished. The onus is on the owner of the unfinished condominium unit to hire a building crew and develop the unit, with walls, a tiled or parqueted floor, ceilings, wiring, plumbing, wall paint, and so on.

Semi-Furnished to Fully-Furnished Condominium Units

A condo unit, especially a condominium unit for rent, may be offered in a furnished condition. Depending on the amount of furnishings, the condo unit may be described as either unfurnished (in other words, "bare"), semi-furnished, or fully-furnished. The main distinction between a condo unit and a house + lot in this regard is that condo furnishings do not include garden fixtures. All other fixtures, including furniture (such as closets), appliances (such as home theater systems) and other furnishings (such as rugs) may be incorporated in the arrangement.

Listings of Condos in Lapu-Lapu City

The following comprises our listings for the "condo" category as of Nov 22, 2009. To view our very latest, intelligently sorted property information, please take a look at our latest real estate listings.