3 Types of real estate properties to invest in Baguio City

3 Types of popular real estate in Baguio City

The Mist Condominium 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.

1. Commercial Real Estate

With the continuous boom of tourism in Baguio City, commercial establishments have been popular for profit, capital gains, or rental incomes. There are two (2) types of commercial real estate that you may consider:

• Multi-family – These are residential properties utilized into rented or commercial spaces. A popular type of multi-family real estate is those listed in Airbnb.

 

• Office – These properties are utilized by multiple companies for professional space purposes.

 

1. Land Real Estate

Land is considered to be a significant form of investment as its price never goes down and it can be used for various purposes such as but not limited to: developing it to a residential space, commercial area, agriculture or livestock, vineyards, orchards, or recreational land.

1. Residential Real Estate

Residential real estate is also one of the most sought after properties due to the increase number of people interested to either retire or start their family or business 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:

• Deal with established and reputable real estate agents in Baguio and/or company specifically those who are familiar with the area – such as Baguio City – so that they can provide you with advice relative to your conditions.

 

• Consider your investment strategy – is it a passive or active real estate investment? If it’s passive, it requires a hands-on management from your end – from property rehabilitation, transacting with contractors, handling of various documents in relation to the property.

 
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.

• Another investing strategy is direct and indirect – similar to passive and active, with direct you’ll be the one in-charge of purchasing and managing while indirect, you’ll be less hands on the processes involved in buying and maintaining properties.