Should I buy or rent a home in Baguio city?
If you have not spent a lot of time in Baguio city, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"The decision to buy or rent a home in Bagio City, Philippines, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Baguio City for a long time, buying a home could be a good investment. Owning a property allows you to build equity over time and could potentially provide a return on investment if property values increase. On the other hand, renting a home in Baguio City might be a better option if you're not planning to stay long-term or if you prefer not to have the responsibilities that come with homeownership. Renting can offer more flexibility, as it's easier to move if your circumstances change. It also means you won't have to worry about maintenance costs or property taxes, which are typically the responsibility of the landlord. It's also worth considering the cost of living and the real estate market in Baguio City. If property prices are high and you're not in a position to make a large investment, renting might be more affordable. However, if you can afford to buy and property prices are relatively low, it could be a good time to invest. In conclusion, whether you should buy or rent a home in Baguio City depends on your personal and financial circumstances. It's important to weigh up the pros and cons of both options and consider seeking advice from a financial advisor or real estate professional," said a member in Baguio city, Philippines.
SJB GlobalConnect
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Connect
Click connect to have our partner contact you via e-mail and/or phone.
Other Questions:
- What should I pack when moving to Baguio city?
- Where should I setup a bank account in Baguio city?
- Will I be able to find a job in Baguio city?
- What is life like in Baguio city?
- What do expats in Baguio city appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Baguio city?
- Is there a lot of diversity? Are people in Baguio city accepting of differences?
- What are the schools in Baguio city like?
- What are healthcare services like in Baguio city?
- What are medical services in Baguio city like?
- Are healthcare and health insurance expensive in Baguio city?
- What are emergency services like in Baguio city?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Baguio city?
- How are local medical facilities in Baguio city?
- As a foreigner living in Baguio city, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Should I buy or rent a home in Baguio city?
If you live in Baguio city, newcomers to Baguio city would love to hear your answer to this question.
