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  1. #1
    Respected Member Harry T's Avatar
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    Rent, Buy or build?

    What would the preferred choice be of forum members who were living in the Philippines? The area would be Bukidnon Maramag, Malabalay area. Originally my thoughts were to Buy or Build, but with the uncertainty in Marawi I'm not too sure now.


  2. #2
    Respected Member Tawi2's Avatar
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    Long term on Mindanao? I would rent. IS are seeking to establish a foothold. They are going to fail in Marawi, but it's setting a trend. Islamists want Mindanao as a Muslim state. Look at ARMM.



    Sometimes you're flush and sometimes you're bust, and when you're up, it's never as good as it seems, and when you're down, you never think you'll be up again. But life goes on.
    The beauty of a woman is not in the clothes she wears, the figure that she carries, or the way she combs her hair. The beauty of a woman is seen in her eyes, because that is the doorway to her heart, the place where love resides. True beauty in a woman is reflected in her soul. It's the passion that she shows to the outside world.


  3. #3
    Moderator fred's Avatar
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    Harry..I assume you know we can't own land...Right?


  4. #4
    Respected Member Harry T's Avatar
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    Yes, that's my concern Tawi. I'm not one for the big city lights, much more of a province guy. I knew foreigners couldn't own a House Fred, only a condo. Jan's mother owns some land, and we have briefly spoken about where we would prefer. I don't mind Malabalay but the land near Maramag is free. Well,
    it is for Jan .


  5. #5
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    Generally speaking, is there a shortage of apartments for rent in the Philippines?


  6. #6
    Trusted Member grahamw48's Avatar
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    Not that I'm aware of.


  7. #7
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    Could somebody please give me an idea about being a tenant in the Philippines.
    Basically, what is (majorly) different from renting in the UK?


  8. #8
    Trusted Member grahamw48's Avatar
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    It's not majorly different. Very straightforward.

    Allow for a month in advance and maybe a couple of months deposit. Initial rental term is usually for a year. Rent can be reviewed after that, but increases are regulated (last time I looked... not more than 10 per cent increase per year).

    Deposits also needed for power and water. Not a lot of money though.

    They don't need to know the far end of a fart about you as with the (expensive and greedy) UK property agents.

    Best way is to stay in a hotel or Airbnb, and cruise around areas you fancy, looking for 'To Let' notices on gates... plus family word of mouth, etc.

    Most places seem to be unfurnished, but there are exceptions...at higher rent of course.


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