4 Must-Knows in Living Your Dream Home in the Philippines

Catriona Gray. Manny “Pacman” Pacquiao. Hidilyn Diaz.

These are just the names out of many that would tell you how known the Philippines is worldwide. But we are not only known for these personalities. Many tourists also come and visit, and some decide to stay and reside in, our country because of its turquoise, pristine beaches, tropical weather, affordable cost of living, friendly people, and good English communication skills, to name a few.

Are you someone who is planning to reside or retire in the Philippines? Whether you’re of Filipino descent or not, there is always a place for you here in the country. More so, there are even better options for you here in the Queen City of the South!

If you’re still on the fence about this decision, here are some guidelines to get you started on this achievable goal.

1. Know the Place

Truth be told, there are many beautiful spots to choose from in the country. But at the very least, you should think about whether city life or the countryside will work for you. Fortunately, because of state-of-the-art designs, there are now home options that have a country setting but with close access to the city, giving you the best of both worlds.

2. Know the Price (Especially the Downpayment)

Depending on your chosen location, the prices could vary. According to the International Living publication, many expatriates can already stay in the Philippines with sufficient comfort for about $1525 per month. There are still more affordable options than this of course, especially if you decide to really purchase your own place.

3. Know Your Ownership Options

If you’re a non-Filipino, technical legalities would keep you from purchasing your own land in the country. However, you are allowed to have your own residence with the following several options:

  • Living in a Condominium

Since the Philippines is home to many bustling cities from Metro Manila in Luzon, Cebu City in Visayas, to Davao City in Mindanao, there are many condo units to choose from. Consult with a licensed real estate middle person or lawyer to help you better understand and make these arrangements for you.

  • Go for Lease Agreements

While non-Filipinos can’t own Philippine lands, you can however buy houses and work on lease agreements with the Filipino owner for the lot areas. This is more affordable because many of these agreements could have a one-time renewable option of up to 25 years. This is definitely something you could also work out with a licensed local estate agent.

  • Buy a House through a corporation

Since Filipino corporations can purchase properties, you can go this route as long as the corporation you’re a part of is at least 60% Filipino-owned. The corporation could serve as your intermediary in purchasing your favored home as long as they also meet the legal requirements of the country.

4. Know the Safety Spots

One of the important considerations when choosing to live outside your own country is the safety of your chosen location. Ensure that you have researched the safety conditions of the place you want to settle in. When in the Philippines however, there’s a general atmosphere of safety so you have many locations to choose from.

The bottom line:

Regardless of the timeline of your goal in relocating to the Philippines, the country remains to be a beloved place that ex-pats, natives, and migrated Filipinos could enjoy staying in. Here, you could always find a house you could call home. To make your options easier, contact us!

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