Insights About Baguio’s Real Estate Scene From Roman Joe Anoso
Baguio City has increasingly become a popular place for young professionals and families alike to relocate. One of the biggest reasons for moving to the City of Pines is its cool and welcoming climate all year round, which brings refreshing breezes even in the middle of summer.
In a collaboration video with Own Property PH, experienced real estate broker Roman Joe Anoso answers critical questions about buying or renting a house and lot in Baguio City. Read on to find out more about recommended preselling projects for condominiums in Baguio City, and why you should make the move to the country’s Summer Capital!
Why Move To Baguio?
Why are more people interested in moving to Baguio? Some of the reasons that Mr. Anoso gave as a well-known real estate agent in Baguio City include different nature views, its establishments, and culture.
Nature lovers will enjoy the fact that there are parts of Baguio with views of the ocean, while the entire city is surrounded by fragrant pine trees and mountains. Baguio also offers access to prime hospitals and educational institutions – big concerns for those worried about getting medical care and quality schooling for family members.
But one underrated quality of Baguio is its determination to preserve and share its culture and traditions. He cited the kindness and warmth of the people, the hosting of Panagbenga, and the valuing of their ancestors.
Insights About Purchasing Residential Lots And Rentals
Mr. Anoso also gave solid advice about how Baguio’s original population plan is now well over capacity, hence the lack of residential lots in the downtown area. Prices per square meter were high, but he recommended getting residential lots in Marcos Highway, Kennon Road, and Itogon.
While these areas were out of Baguio City proper, they still offered convenient access and plenty of space without the intense bustle of the downtown. He estimated that the average price for land would be at Php33,000 per sqm, with lots sized at an average 400 sqm.
Single detached homes come at a hefty price tag of Php 15 million and above, while townhouses and duplexes come at a lower price average of Php 10 million and lower. This makes the latter a solid alternative for those starting a family or who don’t need a lot of space.
Annual rental rates for a house and lot come to Php 240,000 a year, while resales for ready-for-occupancy condos come at Php 130,000 to Php 150,000 per sqm. Mr. Anoso recommended that millennials and occupants from outside Baguio who want a condo as a second home should get a property away from the major highway.
He particularly recommended Selendra as a top-quality project because the main highway was still accessible, but it’s surrounded by pine trees and is peaceful as it’s away from cars and resulting exhaust.
Consult A Real Estate Broker With Expertise
Mr. Roman Joe Anoso had plenty of useful tips for potential clients. If you’re thinking of making the move to Baguio or simply getting a second home to unwind, reach out to him for guidance before making a big decision!
Choosing A Home In Baguio: Tips That You Should Keep In Mind
With the rising cost of living in the metropolis, many people are starting to look farther for a place to settle down, whether alone or with their family. One such destination that’s getting a lot of buzz is Baguio City.
Despite the relative population density, Baguio’s cool weather and attractions have made it an increasingly popular choice with future homeowners. If you’re thinking of renting or buying a house and lot in Baguio City, here are some things that you should consider before choosing a property to live in.
Consider The Area’s Accessibility
Properties from the city center may cost less and come with larger land or property areas, but it comes at the price of convenience. The last thing you want is to end up spending a fortune on gas because of all the daily chores that need to be done somewhere farther away.
Prepare to spend more per square foot if you’re settling down close to the heart of Baguio City. The bonus is that you’ll be near hospitals, schools, and commercial hubs – all key to a smooth daily routine and managing sudden emergencies.
Check The Property’s Maintenance
Don’t get complacent if your desired property’s price tag is relatively cheap. Though the building or condo in Baguio City itself may be affordable, there may be hidden costs in the form of repairs and regular maintenance. Consult a real estate agent in Baguio City for help with these issues – they may spot things that you won’t have in mind!
Will you have to replace or redo parts of the home? Are the plumbing, electricity, and fire safety measures up to scratch? If there’s a yard or other greenery, how much maintenance will they need? These will all cost money to handle – costs that many renters or buyers fail to consider as they pile up.
Think About The Space You’ll Need
Even if you do want to save, you still need to account for how much space you’ll need for yourself and everyone to live comfortably under the same roof. Will siblings have to share a room? Are there enough bathrooms for everyone? Is the kitchen roomy enough for comfortable cooking, or will you have to crowd cooking devices in your cabinets?
Space may not be as big an issue for a single person trying to lower their monthly rent expenses, but it’s a serious consideration for those who want to start a family or are planning to move their family to Baguio City. Even if you’re not settling there forever, daily inconveniences can really pile up and take their toll on your wellbeing. It’s better to save and delay a move to get the space you need, instead of pinching pennies and making do with daily discomfort.
Talk To A Real Estate Agent
Moving to Baguio City to rent or buy somewhere to live is a big life decision. Before you sign any contracts, consult an experienced real estate agent. They can help you spot issues and offer advice for properties you’re viewing!