why property in Baguio city?
Baguio City is the go-to place during the summer months because of its cool climate and friendly residents. Finding a place to stay there can be a problem though, especially during the peak seasons such as the Panagbenga festival (which is in February, although the flowers bloom in November, go figure). You may want to consider buying property in Baguio City, even if you don’t plant to live there year round. Here are some advantages of buying a house and lot in Baguio City
It is a good investment
Baguio City is only 49 square kilometers all told, so if you get a house and lot anywhere in the city, it is prime property. However, you can get the best deals if you find a savvy real estate agent in Baguio City that can get you leads for a really good location for property in Baguio City. You can be sure that anytime you want to sell your house and lot in Baguio City, there will be a line waiting for it. If your budget doesn’t precisely stretch that far, you can always consider a condominium in Baguio City instead. This is still a good investment, especially if you choose the developer wisely.
It is a great vacation place
Of course, the biggest advantage of having at least a condominium in Baguio City is you always have a place to stay in the City of Pines. You won’t have to worry about booking a place months in advance, and finding out too late that it is dirty or too far out. Having your own place is always a good thing.
It is income generating
The times when you aren’t in Baguio is a chance to get some of your money back. Rent it out on Airbnb, or find a reliable real estate broker in Baguio City to handle it for you. You can make as much as PhP3,000 a night in rent money during the peak season, and at least PhP18,000 a month to students or call center employees, of which there are many in the city just dying to find a good place to stay. Of course, if you rent it out to n on-transients, you’ll have to book a room in John Hay or any of the small hotels in the area when you visit. Then again, you can afford it!
It is appreciating
The longer you keep your property in Baguio City, the more it will appreciate. The city is rapidly developing, and property values are going up. As long as you go with a good real estate agent in Baguio City, you have a hard line to a good profit margin.
Buying property in Baguio City is a good idea for many reasons. You can earn and play at the same time. The important thing is to find a real estate broker in Baguio City that will find you the best ones available. You will not regret buying it.