Why real estate is a good investment in Baguio City
It is a well-established fact that Baguio City is one of the most sought-after tourist destinations in the Philippines. And with the increasing tourist demand since the ease of COVID-19 restrictions, the city also grew its popularity in the real estate sector with many investors wanting to put their hard-earned money with the hopes of high return of investments.
Why should you then invest in real estate in the summer capital of the Philippines? Here are the reasons why a house and lot in Baguio city or a condominium in Baguio City is a good investment.
Escaping the hectic lifestyle of the city, Baguio offers its visitors and investors with strategic location, weather, and rich history and culture that you wouldn’t find anywhere else in the Philippines. There aren’t many cold places in the country, making the city a sweet spot for investors.
Further, since there are numerous small and medium enterprises that sell their properties due to the unprecedented effects of the pandemic, one can definitely acquire a property at an economical price.
Further, through the Benguet Electric Cooperative (BENECO), all barangays in the city has stable energy source so you won’t have to worry that you’ll experience shortage in electricity or blackout which can definitely disappoint a future customers if you were to build a house or condominium in the area.
It’s ideal that before you proceed into looking to prospect properties in the city, you’ll consider to consult a real estate agent in Baguio City. Not only it will save you time and effort, but these professionals have vast knowledge on the properties and can definitely offer you list of properties that will suit your needs and budget.
The Courtyards Loft: The Perfect Baguio Spot For Family Bonding
Experienced real estate agent Roman Joe Anoso took basketball star Marc Pingris along on a tour of a unit in The Courtyards Loft. The condominium in Baguio City was designed to fit up to twelve people, and both men highly recommended it for those who want to bond with their families on a trip to the Summer Capital of the Philippines.
But what’s so great about this particular unit type? What should you look for when you’re planning to rent out a unit? Keep reading to learn more!
The Courtyards Loft Has All The Space Your Family And Friends NeedAn immediate draw as they were touring was the sheer number of rooms that could be found in just one unit. There was a large master bedroom and three bedrooms, two of which had double-decker beds. That meant plenty of people would have a cozy resting place that wasn’t too cramped after a day of touring the City of Pines.
The unit also had three bathrooms, so if plenty of guests were coming over to stay, there wouldn’t be any jostling over showers in the morning. That’s a big draw if you need to rush to make it to a day tour! The tour finished on an amusing note: one of the condo owners was slightly bothered by the voices of the men in the condo hallway, but she immediately lightened up when she saw it was Marc Pingris – it helped that he apologized so nicely and humbly too!
Marc trusts Mr. Anoso implicitly because he’s a great real estate agent in Baguio City and has consistently given him good recommendations for where to stay. Drop him a line if you want to look at a condo or a house and lot in Baguio City for you and your loved ones.
What You Should Look For When Renting A Condo In Baguio
One of the first considerations that you should have is the location of the development. The Courtyards is near major Baguio attractions like the Butterfly Sanctuary and several parks, saving you time and money touring the area. It’s also not too far from the city center, but just far enough to avoid the traffic and noise of a busy day.
Another consideration is the size of the unit. The loft-type units at The Courtyards are great because they provide ample space to give visitors enough privacy to unwind. A unit that’s too cramped can put people in a bad mood, while units that have a lot of space can get expensive – so you need one that’s just right for your party size and budget!
When in doubt, it’s best to talk to someone who knows the area. A real estate agent will have the credentials and expertise to help you find the best place for your needs. Talk to Mr. Anoso to see your options before making a choice – your family trip deserves nothing less than an amazing location!
Should You Rent Or Buy Property In Baguio City?
Baguio City is one of the most attractive areas in Luzon for young professionals and families alike to find their new nest. Because of its cool and refreshing winds, pine trees, and numerous cultural attractions, you may find yourself enticed by the prospect of getting a condo or house and lot in Baguio City. But when it comes to getting property, should you rent or buy?
Keep reading to find out what considerations to keep in mind before you decide to rent or buy. These little tips will help you come to a decision that best suits your lifestyle, needs, and budget!
Are You Looking For A Vacation Home?
If you’re simply looking for a place where you can get away once in a while, a short-term rental may be the option for you. After all, it does feel like a waste of money if you continue to pay rent on a property you won’t be visiting that often.
On the other hand, if you’re looking for a vacation home that’s basically a second home that your family can go to whenever you want, it may be worth it to already buy a house or condo in Baguio City. This will ensure that you’ll always have a place to retreat to at your own convenience.
You won’t have to wait for bookings or for someone else’s lease term to end. You’ll also be able to make your own improvements on the property, such as adding a lap pool or installing a hot tub.
Do You Want To Make This Property Earn Money?
One solution that condo or home owners have to the problem of an idle property is to rent it out. This is especially profitable during peak tourist season in Baguio City, when many people visit the City of Pines to visit the multiple parks, pick strawberries, and enjoy the chilly weather.
If you think you can find a market for your property during the months when you’re not occupying it, then by all means, buy instead of renting! The rent money you’ll earn will eventually help you pay off the full price of the property. Do keep in mind that you’ll have to spend a little more to maintain the property, and you’ll need to allocate extra funds in case of repairs.
Are You Planning To Relocate?
Maybe you’re not looking for a vacation home anymore and you’ve committed to the full, serious move to Baguio City. Congratulations! In this case, your choice to rent or buy will depend primarily on your budget. If you’re already set on permanently moving to Baguio City and making it your homebase, we strongly recommend that you buy a property that you can truly make your own.
However, if you live a more nomadic life and find yourself moving around often, the solution is to rent. To find the best property that you can rent flexibly in a choice area, talk to a seasoned real estate agent in Baguio City!