You just got off from the bus for your 3 day vacation here in Baguio and right when you felt the cold breeze brushing your skin and the homey vibe of the city, you immediately tell yourself that like this is home.
It isn’t really surprising if you would feel that way. Baguio does have this feel to it that makes you want to stay a bit more. Lots of travelers coming up here in the City of Pines feel like they have a vacation hangover after their trip here. It wouldn’t even be that surprising if you would even consider investing in Real Estate here.
So you now confront the question “Why should I invest in Real Estate in Baguio?”
First things first, if you’re a student or an employee here in the city, you would definitely need to get a good place to be in, now if you would be staying for long term, wouldn’t it be more practical to find properties that you can Rent to Own or properties that would offer a doable paying scheme than paying a monthly lease?
If you aren’t a student or an employee here, then you might still consider the fact that wouldn’t it be much better to have your own place where you can crash when the things get tensed back in the lowlands than staying at a hotel or a pension house?
Second would be the fact that Baguio is a promising city. There are lots of opportunities for businesses here especially in the Real Estate Sector. If you do buy a property, say a house and lot in Baguio City, then you can have place back on the market for those who are looking for a house for rent or you can refurbish the house and convert it to transient home, or a boarding house. Baguio is the business and education hub of the North, factor in the fact that it’s a very popular tourist destination. You can expect a good ROI in just a matter of time.
Third and probably the last and most important reason would be the ambiance and the people in Baguio. It’s homey and it’s family-friendly. Who doesn’t want that? It can be quite surprising that you can easily relate to the residents here because you would get to meet people from lots of places from Pangasinan, Ilocos, Manila, Tarlac, Bulacan and Pampanga. It is most probably the melting pot of the Nort. It’s never hard to fit in with the crowd and the chilly atmosphere would help you blend in and relax a bit more than the hot and humid weather back in the lowlands.
Settling in is also easy peasy. You start off with choosing what kind of property you would want to purchase. Say, do you prefer a house and lot or do you prefer condominium instead? There is a ton of house and lot in Baguio that are in the market. You may also choose among the newly constructed and previously existing condominium in Baguio City for sale.
Then you can proceed to looking for realtors who would help you find your dream place and arrange the tedious paper works for you.
So at the end of your stay, make the decision before you hop in that bus that would take you back home and make Baguio City your own home.
Living in Baguio: Picking a place for your dream house
Baguio city is continues to bedazzle a lot of tourists all over the country and that is all thanks to the comfortable climate, the unique ambiance, the city’s charms, and the wonderful people. It’s not very hard to fall in love with Baguio City. There are lots of people eyeing for a property around the city, and the great news is that properties are still available around here. The trick of course is to know what you want, and how to choose among your shortlist of choices. So let’s get down to business shall we?
There are three kinds of properties that you can choose from namely the condos, the houses and the apartments.
There are several for sale condominium in Baguio City. There are several condominiums that are being constructed like 88 Condominium, Megatower, and Moldex Residences. There are also the existing condos like the Courtyards, The Residences at Brent, Minesview Condominiums, North Cambridge Condominiums, and Pine Ridge Condominium. Realtors are found all over Baguio and you can just feel free to inquire about the properties they sell especially the new ones. These can be quite pricey especially if they’re located near the heart of the city. Prices would range from P2M-P5M.
There are also quite a number of house and lots in Baguio City if you feel like this is more comfy than condos. There are some houses that are in the market because their owners are moving to new places, or houses that are foreclosed, and houses that are newly built or renovated. The price of houses here would range from P2M to P10M depending on the built, and the location.
If you fancy apartments especially if you’re a student or a worker, then there are also a handful. Apartments here would range from P5000-25,000 or more per month, depending on the size of the place, the number of rooms and the location.
Now that we have seen your three options it’s about time to see what we need to look at the things you need to consider. First of all, you need to consider the location. Since the city has quite a very tricky terrain, it’s very important to choose a place that’s accessible by the public transportation, or your own vehicle. It’s very hard to go up and down on foot, unless you’ve got a bionic pair of legs. Aside from accessibility, you also need to consider if the location is safe.
Mines and Geosciences Bureau has mapped out the places that are prone to landslide so it would be best to take it to consideration when buying or renting a property.
The last point to consider is if the area doesn’t have problems with water supply. A lot of areas in Baguio city suffer water shortage. So before renting or buying a property, make sure you ask if there are water supply problems in the area.
Baguio City or the City of Pines is considered one of the most popular places in the Philippines wherein tourists and locals alike go to during summer or any time of the year. It is also a favorite place where people decide to live permanently thus keeping the real estate in Baguio City a competitive one.
Baguio City’s cold climate is enough reason to look for that perfect place one can enjoy and live comfortably yet reasonably. For those looking for a condominium in Baguio City for sale, bear in mind that there are several factors to consider before making that concrete decision. Be ready to learn about the payables which are due monthly and what you will get out of owning a condominium.
For those interested to buy a house and lot in Baguio City, remember to weigh the many factors that go with owning a house. First thing to consider if one is really settled to buying a house is the cost. If the budget is enough to buy a two-bedroom or three-bedroom house, complete with a garage and a garden or simply a bungalow-type house. Real estate in Baguio City differs depending on the location, type of property and your preferred design. Again, cost is still the main factor which plays a large part in deciding for that dream house and lot in Baguio City.
Potential buyers of a condominium in Baguio City for sale can expect that the unit comes with various amenities which may be beneficial to the residents especially if the budget is not that substantial. Keep in mind that having a smaller space and located in a higher floor of the building will make the dweller see the beauty of Baguio City with its magnificent view from their own window. That is one very good reason to settle for a condominium in Baguio City for sale knowing that it can also come furnished so moving in will not be a problem.
Properties like house and lot in Baguio City may be the best solution for those who have a large family and wants everyone to be together especially during special occasions. Also perfect for those who have family members in different places and gather during the holidays, having a real estate in Baguio City counts for more family bonding and quality time.
Having a real estate in Baguio City will benefit the buyer in the long run. Consider it as a life-long investment with their hard-earned money and a property one can call their own. Whichever property works for the buyer, always remember that it is their haven and it is where their hearts will always live happily.
Baguio Real Estate
Baguio City is dubbed as the “Summer Capital of the Philippines”. Many travelers are seeking the unforgettable, savoring, accommodating and fresh experience in the city. In fact, according to USA Today, Baguio is one of the top 10 most visited destinations by the foreigners in the county. The city has the natural breathtaking views due to its mountainous topography which offers a wide range of scenic vistas to include the famous Burnham and Mines View Park, People’s Park, Wright Park, the historical Camp John Hay and elite Baguio County Club.
Baguio is categorized as a highly-urbanized city based on the categories provided under Republic Act No. 7160 or simply the Local Government Code of 1991 as certified by the National Statistics Office. This proves that Baguio has a growing business sector, which includes industries, trade, commerce, tourism and most especially real estate. The land area of the city is just 57.49 square kilometers, so real estate here has become pretty much a seller's market as there are very few good areas to choose from. Baguio city appears to be an attractive city to live in, which made real estate in demand again. Many local and international people find their way to invest in real estate in the city like condominiums, house and lots, apartments and lots alone. It is also considered as the education and commerce hub of the North. Almost half of the population are students so apartments, transients houses and condominiums are very much in demand. Many investors are running after the real estate of the city due to the fact the amount they will be investing will be returned much greater from the amount they invested. The returns are high. Often people will see condominium in Baguio City for sale, house and lot in Baguio City for sale, and lots for sale in very high amount because the sellers know that the people will buy it no matter how much the amount is because of the current status and image of the city. As of the moment, the city has six major condominiums within it. Some of these are Goshen Land Capital, The Residences at Brent, Royal Residence Condominium, Pine Ridge Condominium, Europa Condominium Villas, and Innsbruck Condominium. Condominiums are the most recommended to the people due to the characteristic of the land in which property will be maximized. House and lot packages are also in demand. For those who wants to settle for good and plans their retirement place in Baguio City it is the best option. It is more private compared to condominiums.
Real estate in Baguio City is evidently and undoubtedly a fast growing industry of the city. House and lot are very much sought by the investors while condominiums are the most in demand to the people. Many people don’t count the price they will commit to staying there, instead they think of the quality of life they will get in living there because beautiful environment, fresh air, stunning sceneries, delicious foods, fresh fruits and vegetables are indeed priceless.
Investing in Real Estate and Stocks the First Time: The Don’ts
Investing in real estate and stocks can surely give you significant returns in just a matter of years. However, if you are new to these, it is best that you know the don’ts or what to avoid so you can really achieve your financial goal.
For Real Estate Investors
Do not spend too much.
Yes, it is vital to be practical about what you can bear as you are a first investor. However, the deal that you had is not the only one to consider at the moment. You still have a lot of great options for a house and lot or condo unit investment and there are other aspects to consider uncluding miscellaneous expenses.
Do not spend too little.
This can likewise be an oversight! In the event that you spend too little on a home that you'll exceed rapidly, you'll bring about the cost of moving (which can be entirely expensive) maybe before you have to.
Do not purchase emotionally.
Without a doubt the house is flawless, completely remodeled and painted with your favorite color combinations and has an ensuite restroom for each room. Be that as it may, it's on an occupied street and you have three children and two felines who like to have fun outside.
Do not forget to research.
Indiscriminately purchasing a home can be a major mix-up. Whether you're giving careful consideration to your broker and family "who simply LOVE the spot!" or are feeling the weight to make a speedy purchase, moving into a house that hasn't been altogether checked can be a major, costly, remorseful mix-up.
For Stock Market Investors
Do not forget the value.
Buyers are extraordinary at perceiving a deal on their most loved items, however with regard to stocks, we aren't generally as quality minded. There are different institutionalized measurements for esteeming a stock or a bond, and it's anything but difficult to figure out whether something is on special or not. Get your work done and mind essentials like income development, edges and potentials to build profit.
Do not get too big.
Take a financial specialist who is easily exchanging 500 shares, however needs to give twice as much cash something to do. Instead of bending over in one shot, the better move is to build presentation in a more measured design. Taking it moderate gives you a chance to get a handle on the circumstance.
Do not put all in one.
Regularly speculators trust that by concentrating on one stock or area they can boost their arrival if there is a pop. Be that as it may, frequently those positions don't move the way you need them to and a need, or of expansion can be excruciating for execution.
Do not think you are one of a kind.
Subliminal inclinations have gotten a considerable measure of consideration as the investigation of behavioral money turns out to be progressively prevalent. The greatest behavioral oversight, is not perceiving that you have predispositions – loads of them.