Should You Rent Or Own A Place In Baguio City?

Renting Versus Owning A Baguio House Or Condo

Selendra Condominium in Baguio city

Owning your own house or condo in the Summer Capital can be an enticing prospect. Who doesn’t want to enjoy the fresh produce, cool weather, and many cultural attractions of Baguio City every day? But renting and buying have their own pros and cons.

If you’re checking out a condo for sale in Baguio City, but wondering if you should rent instead, read on!

The Pros Of Homeowning In Baguio

A home can be a costly investment, but it does have several pluses. A major factor is the feeling of stability that you get from having your own place. You can make improvements and changes without having to double-check with a landlord.
You don’t have to worry about having to look for a new place because there’s no lease to fret about – it's your permanent nest in the city! If these are qualities that appeal to you, it may be time to look for a house and lot for sale in Baguio City.

The Pros Of Renting In Baguio

Renting can be a challenge because it feels like there’s no real sense of ownership over the property. After all, once the lease is done, the landlord may opt not to renew it. They may also raise the monthly rental rate, taking a bigger chunk out of your income.

However, renting has its own advantages. Instead of worrying about managing repairs, you can have the landlord make arrangements. It also gives you the flexibility to move when needed – a huge pro for young professionals or “digital nomads” who now work from home and want to go to different places. If these are pros that matter most to you, talk to a real estate agent in Baguio City to start looking exclusively for rental properties.