Real Estate in Coron, Philippines
Last updated on Nov 17, 2024
Summary: People living in Coron, Philippines offer advice about real estate. How do you find a home in Coron? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Coron?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Coron involves several steps. First, you need to determine your budget. This will help you narrow down your options and make your search more efficient. Next, decide on the type of accommodation you want. Coron offers a variety of options, from apartments and houses to condos and guesthouses. Once you have a clear idea of what you're looking for, start your search. You can use online real estate platforms like Lamudi, Dot Property, or Property24. These websites allow you to filter your search based on location, price, type of property, and other factors. Another option is to hire a local real estate agent. They can help you navigate the local market, arrange viewings, and negotiate prices. Social media can also be a useful tool. There are many Facebook groups where people post listings for rentals or properties for sale in Coron. Don't forget to check out expat forums and websites. They often have classified sections with property listings and can provide valuable advice and insights. Once you've found a potential place, arrange a viewing. This will give you a chance to inspect the property, check its condition, and see if it meets your needs and expectations. Finally, before signing any contracts, make sure to read the terms and conditions carefully. If possible, have a lawyer or real estate professional review it to ensure there are no hidden clauses or unfair terms. Remember, finding a place to live can take time, so be patient and don't rush the process," said one expat who made the move to Coron.
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What is a typical expat home or apartment like in Coron?
"A typical expat home or apartment in Coron, is often a blend of modern and traditional Filipino design. The homes are usually spacious, with open floor plans to allow for natural light and air circulation. They often feature large windows and balconies, offering stunning views of the surrounding natural beauty, including the sea, mountains, and lush greenery. The living area is usually furnished with comfortable sofas and a television, while the kitchen is equipped with basic appliances like a refrigerator, stove, and sometimes a dishwasher. Bedrooms are typically air-conditioned, with ample storage space. Bathrooms are usually modern and clean, often featuring both a shower and a bathtub. Many expat homes also have outdoor spaces, such as a garden or a patio, where residents can relax and enjoy the tropical climate. Some even have a private pool or access to a community pool. In terms of location, these homes are often situated in safe, expat-friendly neighborhoods, close to local amenities like markets, restaurants, and schools. Some are located within gated communities, offering additional security. Despite being equipped with modern amenities, these homes often retain elements of Filipino architecture and design, such as nipa roofs and bamboo furniture, giving them a unique, local charm," remarked one member in Coron.
What is the average cost of housing in Coron?
If you are thinking about moving to Coron, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Coron can vary greatly depending on the type and location of the property. For a decent house in the city center, one might expect to pay a moderate amount, while luxury villines with ocean views can cost significantly more. On the other hand, more affordable housing options can be found in the outskirts of the city or in less touristy areas. Renting a property is also a popular option, with prices again varying based on location and type of property. Overall, while the cost of housing in Coron can be quite affordable compared to many Western countries, it is considered to be on the higher end within the Philippines," explained one person living in Coron, Philippines.
Should I buy or rent a home in Coron?
If you have not spent a lot of time in Coron, 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 Coron, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Coron for a long period, 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 might be a better option if you're not planning to stay long-term or if you prefer flexibility. Renting doesn't require a large upfront investment and it's generally easier to move if your circumstances change. It also allows you to avoid property taxes, maintenance costs, and other expenses associated with homeownership. Consider the cost of living, the real estate market, and your lifestyle needs before making a decision. It's also advisable to consult with a real estate professional or financial advisor to help you make the best decision based on your personal situation," remarked one member in Coron.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad 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.
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