Should I buy or rent a home in Philippines?
If you have not spent a lot of time in Philippines, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Whether to buy or rent a home in the Philippines is a decision that should be made based on one's individual circumstances. Buying a home allows for more stability, as monthly payments remain the same and may even decrease as a result of amortization. On the other hand, renting a home can be more convenient, as one can switch properties more easily and have less responsibility with maintenance and repair costs. Both options have their merits, and the decision should be based on factors such as lifestyle, budget and expected length of stay in the country," remarked another expat who made the move to Philippines.
"I am renting with an eye on building something on leased land. It is made difficult, mostly by cheap available rents," explained one expat living in Cebu, Philippines.
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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
William RussellWilliam Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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Other Questions:
- What do I need to know before moving to Philippines?
- How do I find a place to live in Philippines?
- What is a typical expat home or apartment like in Philippines?
- What is the average cost of housing in Philippines?
- Should I buy or rent a home in Philippines?
- What should I pack when moving to Philippines?
- What cultural faux pas should I try to avoid making in Philippines?
- Why do people move to Philippines?
- What are healthcare services like in Philippines?
- What are medical services in Philippines like?
- What are typical rents in Philippines?
- What appliances are typically included in a rental?
Should I buy or rent a home in Philippines?
If you live in Philippines, newcomers to Philippines would love to hear your answer to this question.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
