Real Estate in Siargao, Philippines
Last updated on Dec 08, 2024
Summary: People living in Siargao, Philippines offer advice about real estate. How do you find a home in Siargao? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Siargao?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Siargao involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a simple beach hut to a luxury villa. Next, research the different areas of Siargao. The island is divided into several municipalities, each with its own unique characteristics. General Luna is the most popular area, known for its surfing spots and vibrant nightlife. If you prefer a quieter environment, consider places like Pilar or Dapa. Once you have an idea of where you want to live, start looking for available accommodations. Websites like Airbnb, Booking.com, and Agoda can be useful for this. They allow you to filter results based on your preferences and read reviews from previous guests. Another option is to join local Facebook groups or forums where people often post available rentals. Examples include "Siargao Island Classifieds" and "Siargao Community Classifieds". If you're planning to stay long-term, consider hiring a local real estate agent. They can help you navigate the local property market and negotiate contracts. Before making a decision, it's recommended to visit Siargao and see the places in person. This allows you to get a feel for the area, check the condition of the property, and meet potential neighbors. Finally, once you've found a place you like, make sure to read the contract carefully before signing. Check the terms and conditions, including the rent, deposit, length of stay, and what's included in the price. If everything is in order, you can then proceed to secure your new home in Siargao," remarked one member in Siargao.
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What is a typical expat home or apartment like in Siargao?
"A typical expat home or apartment in Siargao, 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 doors that open onto private balconies or patios, offering stunning views of the surrounding tropical landscape. The interiors are typically furnished with locally sourced materials, such as bamboo, rattan, and other tropical hardwoods, giving the homes a warm and inviting feel. The kitchens are usually fully equipped with modern appliances, while the bathrooms often feature walk-in showers and sometimes even outdoor showers. Many expat homes in Siargao also come with private gardens, where residents can grow their own tropical fruits and vegetables. Some even have private pools or direct access to the beach. Despite the luxurious features, these homes often blend seamlessly into the natural environment, thanks to their use of local materials and sustainable design principles. In terms of location, expat homes in Siargao are often situated in quiet, residential areas, away from the hustle and bustle of the main tourist spots. However, they are still conveniently located near local amenities, such as markets, restaurants, and surf spots. Overall, a typical expat home in Siargao offers a comfortable and luxurious living experience, while still allowing residents to enjoy the natural beauty and laid-back lifestyle of the island," remarked one foreigner who made the move to Siargao.
Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
What is the average cost of housing in Siargao?
If you are thinking about moving to Siargao, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Siargao can vary greatly depending on the location and type of housing. For a simple native house or cottage, the monthly rent can be quite affordable. However, for more luxurious villas or beachfront properties, the cost can be significantly higher. On average, you can expect to pay a moderate amount for a decent house or apartment in Siargao. It's also worth noting that buying property can be a complex process for foreigners due to local laws and regulations," said one person in Siargao.
Should I buy or rent a home in Siargao?
If you have not spent a lot of time in Siargao, 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 Siargao, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Siargao 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 source of income if you decide to rent it out. On the other hand, renting a home in Siargao offers more flexibility. It's a good option if you're not sure how long you'll be staying or if you prefer not to have the responsibilities that come with homeownership, such as maintenance and repairs. Renting can also be more affordable in the short term, as it doesn't require a large upfront payment like a down payment on a house. It's also important to consider the local real estate market in Siargao. If property prices are high and continue to rise, buying a home could be a smart financial move. However, if prices are stagnant or falling, renting might be a safer choice. Lastly, consider your lifestyle preferences. If you value stability and the ability to customize your living space, buying a home could be the right choice. But if you prefer the freedom to move around and not be tied down, renting might be more suitable. In conclusion, both buying and renting a home in Siargao have their pros and cons. It's crucial to weigh these factors carefully and consider seeking advice from a real estate professional or financial advisor before making a decision," remarked one member in Siargao.
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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