3 Types of popular real estate in Baguio City
Among the various factors you are pondering on as a real estate investor is the type of real estate property you should invest on in any place. And as you might know by now, Baguio City is an all-year hotspot for local and foreign tourists, thus making it a hotspot as well for profitable real estate properties in Baguio.
Here are the three (3) types of real estate properties you should consider in Baguio City.
There are different types of residential units that you can look into in case you’re still wondering on what type of residential works best for your interest: apartment, multi-family house, townhouse, and condominiums in Baguio.
What is the best type of real estate in Baguio City?
In general, commercial properties is considered to be the best type of real estate due to its high return of investment (ROI). Still, the best type of real estate is the one that suits your desire, lifestyle, and budget.
Other factors to consider before investing in real estate in Baguio City
Here are other things to take in consideration especially if you’re someone new in the field of real estate:
Meanwhile, in passive real estate investing, as the name suggests, you’ll acquire passive income while the property is being managed by another entity (may it be an individual or company). The downside to this is that you’ll lose a percentage of your ROI as payment by hiring an entity.