Buying a Condo in Baguio City: Things You Need to Know

the courtyards condominium in Baguio city for sale

The Philippines has long been a favorite retirement place for many expats from around the world. Why not? The country is composed of more than 7,000 islands, which means that there’s so many places to choose from. Being a tropical paradise, the country boasts numerous beaches and warm climate for most parts of the year. Another reason many foreign retirees pick this land from all the other Southeast Asian countries is that cost of living here is relatively cheap, especially in the City of Pines. In fact, you can own a house and lot in Baguio City for sale for as low as $20,000,

 

But why Baguio City out of all the cities in the Philippines? If your idea of living is being close to nature, being away from a bustling metropolis, warm and friendly atmosphere and a pleasant climate that’s close to what you were used to, then Baguio is the place to be. In this region, condo units have become quite popular among locals and especially to foreigners because of the virtually hassle-free living conditions. Whether you’re an expat, a Filipino citizen or an OFW (overseas Filipino worker) looking to make a real estate investment in Baguio City, here’s what you need to know about buying a condominium unit:

 

1. Your goals

Although living in a condominium gives you the luxury you need, it might not be a good idea if you have or are planning to have more than one child in the future. So, might as well consider your plans before you make the purchase.

 

1. Your finances

Of course, a condominium in Baguio City is a bit more expensive than a house and lot in Baguio City for sale. Aside from that, the maintenance cost can also be higher because you will need to pay for parking, security as well as administration fees, to name a few. That’s why you need to carefully assess your finances.

 

1. Your personal preferences

When you’ve decided you want a condo lifestyle, you should determine what kind of amenities you want to have. These include a gym or sports area, swimming pools, etc. Aside from that, you should also consider the size of the unit that would make you comfortable. Depending on your needs and your preferences, you can go for an urban 12-square meter condo or something larger if you want more space.

 

1. Your responsibilities

Naturally, as an owner of a condominium in Baguio City, you have the responsibility to help in keeping the building in pristine condition. If you’re really thinking of buying a condo instead of a house and lot in Baguio City for sale, you should know what your duties are, so you can decide whether they’re fair to you or not.

 

Making a real estate investment in Baguio City should be easy as long as you follow the guidelines.