Baguio City is considered to be the education and commerce hub in the North. It is home to a lot of prime universities and colleges, among these is University of the Philippines Baguio, Saint Louis University, and University of Baguio. Every year, a lot of students come in the city to study. Baguio City does not only offer education privileges, a lot of business opportunities can also be found within and around the urban area. For those who are looking for a job and a nice place to live in, Baguio City is one of the top choices.
Because of the numerous amenities the city offers, the influx of people coming in and settling in the city increases every year. One of the prevalent businesses in the city is housing accommodations. This includes apartments, boarding houses, transients, and condominiums. With the large population of migrants, housing development is an ongoing project to cater everyone.
In areas like the Central Business District, housing can be a little bit demanding and expensive. These are prime locations, because it provides accessibility to almost everything. Shop in SM Baguio, go to church in Baguio Cathedral, or take a short ride to your chosen university. But, since residential space is very important especially in prime locations, the best way to maximize the land is for vertical housing developments. An example of a vertical housing is a condominium.
Right now, there are around six major condominiums within the city. Some of these are Goshen Land Capital, The Residences at Brent, Royal Residence Condominium, Pine Ridge Condominium, Europa Condominium Villas, and Innsbruck Condominium. With a developing urban area, vertical housing is a recommended option to cater all people and to make the most of the land space.
If you plan to stay within or near the Central Business District, the best option is to invest or buy a condominium unit. But if you plan to be more private and established, you can choose from available house and lot packages that are for sale in neighboring areas.
For students who will be staying in the city for four or five years, you can either choose to rent in an apartment building or invest in a condominium unit. What’s the difference? Renting can be tricky, because you may have to change place every now and then looking for the most suitable and affordable place. You will deal with noisy or messy roommates, and small rooms. You pay for the housing rent, electricity, and water. But how does that differ with a condominium? First, the place is new and made with concrete walls. Second, your monthly rent goes to your own unit, and not to your landlord’s pocket. Instead of paying for nothing, why not pay for your own property? If you leave the city, you can rent your unit to someone else, thereby profiting also from it.
Invest is the key word. Start now, and reap the benefits in the future.