Building Or Renting A Home In The Philippines: Which Is Right For You?

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@jerrymarshall2728]

I've covered most of these points over the past several months, and my last video in the series is tomorrow. Renting can be frustrating, if the owner doesn't want to fix anything. But buying can have some serious consequences if you don't do your due diligence and get your own attorney BEFORE signing anything! My next video will show a potential 'gotcha', if we hadn't been paying attention! Good video, Mike 👍

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@inteland2734]

Being an expat coming to the Philippines since 1983 and living here for years. I don’t like most condos, I can’t own land, I may move so nothing permanent. Rent is the way I have chosen. I live in a well maintained, grass, trees, pool, just the right size, central water heater, great air conditioning, security.

[@RetiredArmy2012]

life is good and we cant life off what if something happen we just need to be happy live good and die

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@mikesphilippineretirement]

so true guys as long as your happy and have people you trust and love around you

[@tommoskal9365]

easiest answer Camella, considered the largest homebuilder in the Philippines, with a proven track record of producing high-quality homes

[@mikesphilippineretirement]

Track homes not that nice

[@tommoskal9365]

@@mikesphilippineretirement have you ever toured their gated communities they sell like hot cakes

[@mikesphilippineretirement]

Yes I have they have them in Dumaguete

[@jsully4064]

@tommoskal9365 Really don't like living in a 2 story home as am older and starting to have knee problems. Some of their ranch/bungalow type homes are interesting but they are really small, usually.

[@rusted5408]

​@tommoskal9365 just because others do it, doesnt make it a good idea.

[@JohnHobbs-o3z]

Easy answer,RENT,no matter what,keeps u out of trouble and not tied down.

[@johncalder-gx4bf]

When we married 19 years ago my wife bought a 1k sq. meter lot and built a small house. 4 years later when I retired (at 55) sold everything and joined her with 4 million peso to spend. Fenced and gated the lot and built a 140 sq. meter house 3 bedroom, 3 bath. With an income of 110k peso a month and the biggest expense being food for a household of 5 life could not be much better.

[@mikesphilippineretirement]

good job John

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@Dirty__Dan]

If you lease from someone, Once the person you signed the lease with has your money, you are worth more dead than alive. If they can find a way to have you killed, they could release or resell the property again. You will always have a target on your back.

[@listerine414]

Exactly. You're a smart guy who knows these people

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@underthecameraingermany8304]

It took us 2 yrs to look for the lot we want to buy. When u find a lot never escape the due diligence. Get informed about cut lot from a mother title. It s a pain in the ass as it takes yrs to get the title in your Filipino’s name. Better to buy a whole lot size written in the title be it Original Title (OCT) or Transfer Certificate of Title (TCT).

[@Michael-g8d]

@@underthecameraingermany8304 DON'T BUY anything here dummy

[@mikesphilippineretirement]

it takes time do not be in a rush or take short cuts

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@tobywebb6452]

Avoid mother titles, getting all parties to sign can take years. Avoid 'cuttings' or sub divided lots, often not legal (despite what the agent tells you) - if you wish to buy then only go for a wholly titled lot, and check the paper records with the local baranguay. Also find yourself an impartial attorney who has no interest or connection to the lot you wish to purchase

[@mikesphilippineretirement]

thanks for the info Toby

[@Bawang-k5z]

You can purchase a portion of a titled lot. It is completely legal. I did, and we have our title. 👍

[@mikesphilippineretirement]

of course they can subdivide a lot and sell the subdivided sections

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@jsully4064]

Good video, Janet and Mike..Thanks for posting...Jim

[@mikesphilippineretirement]

thanks Jim. Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@Ex-Pensive_Expat]

It depends on the total costs over time when it comes to purchase / long term lease Furnished unfurnished. I'm a retired banker specializing in Real Estate finance so I look at it from a little differently than most. I have a three to five years lease so again furnish / unfurnished depends on the difference in monthly rent. $100 a month is $3,600 over 3 years. So if it costs $5K to furnish it obviously better to get a furnished place. My deal is different but just basic math for people to think about when you have a choice

[@mikesphilippineretirement]

thanks for sharing Darrell

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@lazylarrylee2421]

Mike and Janet, I agree that leasing from a stranger is not a smart thing to do.

[@mikesphilippineretirement]

Thanks LLL Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@rlrlhyatt]

I grew up in Construction, career as a computer programmer. when I decided to move to PH, I chose to build. Buy land, and build. As luck would have it, my future wife's brother is a civil Engineer. Very helpful. All done in 2007.

[@BelusTraveller]

In 2019 purchased Condo, In 2022 build typhoon proof house, In 2024 purchased 2 farms, Also incorporated everything, Just to many assets here not to at least own 40%. Own everything, As far as Funds go its about 30% cost to build here if you do it yourself, Expect to pay 10 to 30% skin tax on everything from cement to wood. try to send family keep receipts so they don’t count you the next time you buy, They will trust me, Good Video

[@mikesphilippineretirement]

thanks for sharing

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@MichaelStewart-y6b]

Rent is the ONLY WAY TO GO mike leasing or buying is in most cases is a huge risk making it profitable to terminate relationships

[@mikesphilippineretirement]

at first. depends on many things

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@JohnHobbs-o3z]

Exactly,not to mention poor building standards.

[@dr.richmann4477]

Leave the sunglasses on. You look like two Hollywood Stars.

[@mikesphilippineretirement]

hahaha

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@dr.richmann4477]

@@mikesphilippineretirement Yes, I saw that. Thanks.

[@chucklander5475]

I'm renting an apartment in Iloilo for P8,000/month, unfurnished. There are more options for food and the roads are better. Medical is excellent here. I'm hoping the foreigners stay in Dumaguete so that my rent stays low.

[@dr.richmann4477]

I missed Janet at the end saying: "Don't forget to like and subscribe."

[@stevejones4010]

Hey guys, come on, if you lease a property and according to the law if the owner have no place to live he can take back his property by court ruling without refunding any money. This is Philippines.

[@mikesphilippineretirement]

show me the law.

[@robertenleed-q3r]

Actually, I am now wondering if the government on purpose does mislead people so to avoid the country being flood by strangers. Tricky situation.

[@RetiredArmy2012]

yep can happen to anyone anywhere but we cant live off what ifs

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@johnrynkiewicz1607]

If you rented your home back in the US, you might just as well continue renting in the Philippines (most Asian countries). It's the safest solution of all. Whether you build or buy, the house will never be yours. If or when your wife/GF decides she had enough of you, you'll lose your hard-earned money and everything you have invested in your marriage. This is what keeps me from moving to Asia.

[@mikesphilippineretirement]

thanks for sharing Johnny

[@jsully4064]

@johnrynkiewicz1607 Make sure you do not invest all your money in a home. Would not do so myself.

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@paulmackie5622]

good info and another great video

[@mikesphilippineretirement]

Glad you enjoyed it

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@chiqsilog8336]

The one thing you didn't consider is maybe you want to leave your love of your life something to say, see how much i love you.

[@mikesphilippineretirement]

keep watching. Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@KKMDStyle]

I like the idea of owning a condo in the city and visiting relaxing/beach areas on weekends.

[@Michael-g8d]

@@KKMDStyle Mistake KK

[@Michael-g8d]

@@KKMDStyle Read my lips KK DON'T BUY anything here.

[@mikesphilippineretirement]

some condos are over priced and very small

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@Traveltime43210]

40-60k for Airbnb in Dumaguete?? I just checked. I’m seeing 25-48k. KZbinrs should fact check before pretending to know things.

[@DumagueteRentals]

I know 2 places that charge 2 k anight.

[@rusted5408]

I rent airbnb for condos for 20k per month often.

[@charlesbronson5235]

To many factors and variables to generalize at that price and what you’re getting for your money.

[@rusted5408]

@@charlesbronson5235 agreed. Need much more info. It's not a blanket situation.

[@DavidAnderson-ev1be]

If you have and trust your wife or girlfriend, build a house and have a lawyer do a document simple ,my house in Bohol is only 70,000 Canadian, I got 500sq meters and walls around the property and gates , simple , two bedrooms car port two bathroom and all appliances, nice tiles completely finished

[@billlloyd9755]

Hello Mike and Janet

[@mikesphilippineretirement]

hi

[@tomsaway123]

Hey Mike I've used Airbnb twice at Marina Spatial. First time 25k/month, second time 28k/month last January.

[@mikesphilippineretirement]

Good to know!

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@JOEJOSEPHHones]

Dear sir Mike. How long did you research phillipines prior to coming? Did you have help making the last steps and arrive in phillipines. Or did you arrive cold start

[@mikesphilippineretirement]

cold Start. but had a girl friend on line but that did not work out. I did visit the Philippines b4

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@jamesgilbert2181]

depends on what you want to leave your wife i guess if you dont care after you dead and gone well rent

[@Michael-g8d]

@@jamesgilbert2181 Stupid Post James

[@mikesphilippineretirement]

you can leave her money

[@peterpoulter1420]

Better owning a house than leaving her money she will only spend it on her family and be left with nothing

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@josephgrudza3873]

Mike are you and Janet planning to build?

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@billlloyd9755]

Hello Mike and Janet

[@mikesphilippineretirement]

Hello

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@frankmazzie4855]

Yeah sure....

[@mikesphilippineretirement]

got it

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@FishHeavens]

Wel if you buy together land to build on it its also no garantee ,if all is build and she make it difficult to you ,you even lose more and then she have a nice annuale (devorse) presend from you ,unless there are ways with a lawer before you buy it to secure that it get split 1/2 but otherways its also no garantee there foreigners can't own land ,so yes rent wil be good solution ,if you brake up she don't get it

[@mikesphilippineretirement]

see a lawyer. you can be protected

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM

[@Michael-g8d]

Love you and Janet. NEVER buy anything in the Philippines. Dumb!!!!

[@mikesphilippineretirement]

many are buying now

[@Bawang-k5z]

For about $100,000, I purchased land, built a house, purchased a truck and a motorcycle, installed solar, and fenced my property. I have my own water, but am still hooked up to our barangay’s water. That costs me about 350 pesos per month. So, other than food, water, medical, insurance for the vehicles, property taxes, and travel expenses, I have no bills. If you’re sure about your location and your spouse, there is no reason not to put down roots here. In regards to land acquisition, my advice is under no circumstances should you deal with a broker. Deal directly with the owner instead. Here, the broker is a middle man, and they don’t do any actual work other than list and show the property. For their services, you, the buyer, wind up paying 2 or 3 times over what the property is worth. Yes, the brokers here make more on the sale than the actual land owner. Instead, do your own footwork where you want to buy. Ask the locals who has land for sale. Get an attorney. Go to the municipality and research the property. Make sure that it is a clean title and hasn’t been pawned. Make sure the land area has been surveyed PRIOR to exchanging money, and only exchange money in front of your attorney. Trust nobody here.

[@Michael-g8d]

@@mikesphilippineretirement DUMB Mike

[@Michael-g8d]

@@mikesphilippineretirement Can't fix Stupid Mike

[@Michael-g8d]

😂

[@reginaldahern9418]

Guess your going to have to leave her a house to live in when you turn your toes up old mate..

[@mikesphilippineretirement]

I can not take it with me

[@mikesphilippineretirement]

Here is the video we take about buying land in Valencia kzbin.info/www/bejne/e4LCaZ2setigiaM