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Benefits Of Mid-rise Condominiums

By Expert Author: Roxan Tan

Mid-rise condominiums are not exactly the hottest real estate in the country at the moment. They offer less units, provide less parking or no parking spaces at all, and they donít exactly present the most impressive views of the area around. However, there are some good points to these properties.

In fact, here are the some of the biggest benefits of mid-rise condominiums.

Shorter occupancy wait

Because mid-rise buildings like some DMCI buildings would require lesser time to finish than a high-rise building, buyers donít have to wait long before being able to occupy their condos. In fact, depending on the number of floors, real estate brokers estimate that occupancy waiting time is usually cut down to almost half (compared to high-rise condos).

Relatively more affordable

In terms of support structures and materials, mid-rise buildings and condominiums have less stringent requirements or standards. The fact that the mid-rise building structure itself is supporting less weight than a high-rise building, it can significantly cut down on construction cost. This basically translates to more affordable condo unit prices.

Also, since mid-rise condominiums do not usually come with the same amenities (like swimming pools, gyms, spas, and other stuff) found in high-rise condominiums, maintenance fees are also considerably lower. This is, of course, assuming that youíre the type who doesnít consider such amenities as necessary.

More peaceful and quiet

Mid-rise condos like some DMCI condos for sale are generally preferred by older people Ė those with little or no interest on outside views, extra amenities, parties, or hanging out with office mates and other stuff like that. This generally translates to less noise, fewer disturbances, and a relatively cleaner environment. Itís a perfect option for those who just want a quiet and peaceful place to stay in.

Closer to public transportation

Since mid-rise condominiums target people in the middle-class, the compensation that they provide for less (or the total absence of) parking spaces is the proximity to major streets and public transportation. This is why most mid-rise condominiums are erected strategically near major avenues. Itís perfect for commute or quick access to other places.

Easier way out in case of fire or earthquakes

With fewer floors to traverse and less tenants to compete with, mid-rise condominiums are generally safer when it comes to worst-case-scenarios of fire and earthquakes. They provide more convenient exits out of the building as well as easier access to rescuers.

Obviously, no one wishes for such accidents or circumstances, but these scenarios are not impossible. You need to consider them especially if youíre occupying a unit with your family.

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