A Definitive Guide to Buying a Property in Baguio City

A Definitive Guide to Buying a Property in Baguio City

There’s a huge difference between renting an apartment and owning a house or condominium unit of your own. For one thing, you have the freedom to remodel or redecorate a house you own anyway you like. You don’t need to ask for permission from your landlord. For another, you can take out a loan (for business or other similar purposes) against the equity of your house. Thus, it makes perfect sense to make that investment today.

Another advantage of owning a residence in the Philippines is that there are lots of options to choose from.

• Off-plan housing units
• House and land packages
• Apartments
• Condominium units

Now, one of the best places to live in the Philippines is Baguio City, and why not? It is, after all, the “Summer Capital” of the country. This city is most popular to foreign and local tourists alike due to its cool climate all year round. The fact that it’s located in one of the highest places makes it the perfect retreat when you’re fed up of the noise and chaos of the urban jungle. Plus, you’ll find the best real estate investments in Baguio City. How so?

1. Commodities and utilities are cheaper compared to other cities, especially the Philippines’ capital, Manila.
2. Access to modern amenities is well within reach.
3. Top-class institutions and establishments.
4. Affordable real estate properties.
5. High return on investment is expected.

How do you own a house and lot in Baguio City or a condominium unit?

1. Consider your budget for a real estate investment in Baguio City. If you can’t pay for the property in full, you can look for a mortgage company that can lend cash. But be aware of the interest rates and the terms of the loan to ensure there won’t be any surprise charges in the future.
2. Search for suitable properties. Will you be living alone or with your family? Take this into account and look for a house or condominium in Baguio City that can accommodate you and your family comfortably.
3. Make the down payment and sign the deed of sale. Be sure to read the terms and conditions of the document before signing it.
4. Look for a property development company with a good reputation. An estate agent can make the whole process easier. They can help you find the best property to suit your needs. And they can assist in finding the best mortgage deal. But you don’t want to be dealing with conspicuous companies, so make sure you verify how legit the agency you are dealing with.

However, if you’re a foreigner, you can’t own a house and lot in Baguio City or any parts of the country, unless you yourself are a permanent resident or are married to one. This makes it ideal to buy a condominium unit instead. So consider your options today with the help of a trusted estate agent. 

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