Picking Your Vacation Home In Baguio: Things To Keep In Mind
Baguio City is a beautiful, breezy place to stay, whether as a tourist or a permanent resident. Because of its fresh produce, multiple cultural attractions, and wonderfully cool weather, many people flock here to unwind.
It can be really hard to book a place during peak months, and the cost adds up if you’re staying for a longer period. Therefore some people have decided to buy or rent a vacation home instead in the City of Pines. If you’re thinking of renting or buying a house or condo in Baguio City to turn into your second nest, read on! We’ll give you tips so you can choose the ideal place to stay.
Think About Accessibility
The last thing you want is to waste time in traffic or have trouble reaching the city center for necessities. While properties tend to get pricier as you look closer to the city proper, this gives the bonus of making it easy to go to malls, schools, and other important places like hospitals.
The key is to strike a balance between your budget and how much inconvenience you’re willing to put up with. If you put a premium on spending less time in transit, it’s probably worth it to pay extra for a vacation house and lot in Baguio City’s center.
Budget For Your Preferred Bells And Whistles
A place to stay is all well and good, but if you’re getting a vacation home, you may want to spend extra on features that make your stay more entertaining and luxurious. Think hot tubs, workout rooms, or fire pit areas where you can barbecue with your loved ones.
Some properties in Baguio City will already have these features, but they’ll add an extra cost when you rent or buy them. Others don’t, so you’ll have to spend to get them built – and some features may require additional permits from the city government. Keep these things in mind before planning features for your vacation home.
Consider The Space You’ll Need
Think about how many people you expect to stay in your place during an average trip. Are you bringing the spouse and kids, or a big barkada? While some vacation home buyers are perfectly content to have a one-bedroom vacation house, others may prefer to have multiple bedrooms to accommodate more guests.
Adding bedrooms means more bathrooms, and more guests often necessitates a bigger kitchen and dining room for comfy mealtimes. While this means you can host more people conveniently, this also means a bigger cost, so budget accordingly!
Let A Real Estate Agent In Baguio City Help You Out!
It’s hard to sift through all the listings for properties, and some of the best deals aren’t even well-advertised online. If you’re looking for a good deal for your Baguio vacation home, talk to an experienced real estate agent in Baguio! They’ll walk you through all the paperwork and help you find the right property for you.
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!
Economic Enterprise Expected to Boost Baguio City’s Income
Mayor Benjamin Magalong plans to explore the earning potential of economic enterprise to increase the city’s annual income. This is to reduce dependency on taxes and build a stable revenue stream in order to increase the budget for various projects including health and social services. Since 2015, the city mayor said that their income has slugged and they struggled to make ends meets, especially during this pandemic.
The projects they are pushing through include project lightning, digital transformation center, market development, intermodal transport terminal, and pay parking projects. Once these projects become fully operational, they are expected to generate around 500 to 600 million pesos. The huge impact of the pandemic was largely felt on the significant decrease in tax revenues that led to lower income per year.
Tax reforms, particularly in the real estate sector like condo in Baguio City, will remain hard to implement because of the ongoing pandemic and even in the post-COVID era – that’s “from 10 to 20 up to even 40 years,” as Mayor Magalong mentioned. So if you’re currently looking to invest in house and lot in Baguio City, consider all these developments and changes that are being implemented in the city, and make sure to work with a real estate agent in Baguio City.
Consulting Real Estate Agents In Baguio City: Find Your Dream Home!
Looking for a new place to put down roots for a fresh start? Or are you simply looking for a spot that you can convert into a vacation house that’ll be the envy of your friends? Whatever your reasons for scouting out new property somewhere, the Summer Capital of the Philippines should be one of the top options on your list.
Famous for its cool breezes, verdant pine trees, and rich cultural heritage, Baguio City is a dream location for those thinking of moving away from the bustle of Metro Manila. But you may need a little extra help to find the right place for you. It can be tempting to go through the process of leasing or purchasing a house or condo in Baguio City – but here are solid reasons why you should get a real estate agent in Baguio City to help you instead!
Save Yourself The Headache Of Handling Paperwork
Is that property’s knockdown price because of a cloud over the legal title? Are there issues with ownership of the house and lot in Baguio City that you want to buy? Do you need to go over the owner’s housing loan papers again?
These are just a handful of the questions that a prospective home owner will have to deal with when looking at different kinds of property. Let’s get real: most of us don’t have a clue where to start with these documents. But real estate agents do, and they’ve been trained to handle these issues with a fine-tooth comb. Let them take care of preparing the necessary documents with the right parties and agents, so your purchase or lease will be a smooth and hassle-free one!
Get An Insider’s Perspective
If you’re not a Baguio City native, it’s going to be tough to devote enough time to survey all the potential properties you’ll buy or rent. But an agent who’s already there can do some investigating on your behalf in very little time. They may even already have knowledge of the area based on their own experience living in the city.
Who’s a reputable developer? Is this condo situated somewhere that floods when it rains, or heats up way too quickly in the summer? These are things about your potential dream home that they’ll know and get to check out, while you can focus on handling your daily tasks!
Find The Best Deal Possible
Haggling is an art, but it isn’t just guesswork; it’s anchored on knowing historical properties for an area as well as the circumstances of a property’s availability. These things take time to find out, and negotiating can be a drawn-out, exhausting process. Real estate agents are used to bargaining with stubborn owners and cautious buyers, so hire them and put their expertise to good use! They may be able to get a price that you wouldn’t have been able to negotiate!
Looking For Baguio Condos? Here’s Why You Should Ask Agents
With the advent of the internet and online listings comes the belief of many prospective renters or buyers that they should strike it out on their own. After all, real estate agents charge professional fees for their services. Perhaps you’re thinking that you can save a pretty penny by simply looking up properties online and doing the legwork yourself.
However, in the long run, this may end up costing you more – especially if you’re not a resident of the city where you’re planning to rent or buy property. If you’re thinking of getting a house and lot in Baguio City, here are some solid reasons why you should enlist the assistance of a real estate agent!
They’re More Familiar With The Area
Let’s face it: this is their home turf. They’ve worked here for some time, they know which projects are reputable and well-funded, and they know how to negotiate with prospective sellers or lessors here. They’ll also have a local’s knowledge of which areas are best for residing in, and which may have issues that aren’t apparent even during a tour of the property.
For example: during a visit, you may not realize that the direction of the wind blows a certain way against your desired house or condo, which can blow unpleasant smoke fumes daily into this prospective home. So, ask an agent – they'll have an idea!
They’ll Know About Properties That You Can’t Find Online
Not every house or condo in Baguio City that’s available is listed online. Even then, listings online may be inconsistent. Perhaps the owner has already knocked down the price, or your desired property is already unavailable.
You may not figure that out until you’ve already spent time, money, and valuable gas to get there, but a real estate agent in Baguio City will know about the various properties nearby. They may even know some that fit your criteria which have just come on the market but haven’t been listed online yet.
They’ll Do The Legwork For You
Negotiating for lowered association fees, talking to owners, and surveying various properties can all be very tiring – and there are plenty of documents that need to be signed too! Instead of wearing yourself out talking to a bunch of people on your own, let a reputable, experienced real estate agent take care of these things for you. Not only will they make sure that everything is above board, but they just might also be able to get your desired property at a lower price!
Save Yourself The Hassle And Fuss
A seasoned real estate agent will be able to handle things for you and suss out the best condo or house for your needs, so don’t regret spending if it means getting your money’s worth! When it comes to finding your dream home in the Summer Capital of The Philippines, you can’t put a price on your peace of mind and future haven!
Baguio Welcomes More Tourists While Land Market Value Is Eyed for Significant Increas
Baguio City is expecting more tourists to be coming in throughout the summer season. After almost two years of lockdown due to the pandemic, people are now enjoying their time around the popular spots in the summer capital. Approved travel registrations continue to increase, especially during peak holidays.
According to the city mayor, there’s no limit for the number of tourists arriving at the city, but the city government still observe the minimum health and safety protocols to prevent COVID infection among visitors. Vaccination is one of the travel requirements, hence people are urged to get the jab before traveling in and out of the country.
Meanwhile, business groups in Baguio City opposed the land market value increase proposed by the city council. The proposed new market values are based on actual conditions and the Bureau of Internal Revenue’s zonal valuation. If the market values will be increased, the city government promised to “lower the assessment levels” and therefore “will not result to confiscatory taxes”.
Whether you’re planning to buy a condominium in Baguio City or invest in a new house and lot in Baguio City, it’s convenient to contact a real estate agent in Baguio City to assist you in every step. Feel free to contact us and we’ll give you the details you need.
Why You Should Be Renting Or Buying Property In Baguio City