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Real Estate in Bacolod City, Philippines | Expat Exchange
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Real Estate in Bacolod City, Philippines

By Betsy Burlingame

Last updated on Jul 08, 2024

Summary: People living in Bacolod City, Philippines offer advice about real estate. How do you find a home in Bacolod City? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in Bacolod City?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Bacolod City involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from apartments, condos, houses, or even dormitories. Next, you should research the different neighborhoods in Bacolod City to find one that suits your lifestyle and preferences. Some popular areas include the city center, Mandalagan, and Villamonte. Once you've identified your preferred area, you can start your search. There are several online platforms where you can find listings for available properties. Websites like Lamudi, Dot Property, and Property24 have extensive listings for Bacolod City. You can also check local newspapers like the Visayan Daily Star or SunStar Bacolod for classified ads. Another option is to hire a local real estate agent. They can help you navigate the local market, arrange viewings, and negotiate prices. When you find a property you're interested in, make sure to inspect it thoroughly. Check the condition of the property, ask about any additional fees, and inquire about the terms of the lease. Finally, once you're satisfied with the property, you can proceed with the rental or purchase process. This usually involves signing a contract and paying a deposit or down payment. Remember, it's important to take your time and not rush the process. Finding the right place to live can take time, but it's worth it to find a place you'll be happy with," remarked one member in Bacolod City.

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What is a typical expat home or apartment like in Bacolod City?

"A typical expat home or apartment in Bacolod City, is often located in a secure and well-maintained residential area. These homes are usually spacious, with multiple bedrooms and bathrooms, a living room, a dining area, and a fully equipped kitchen. Some homes may also have a garden or a small yard. The apartments, on the other hand, are usually located in modern buildings with amenities such as a swimming pool, gym, and 24-hour security. They are often fully furnished, with air conditioning, internet connection, and cable TV. The interior design usually blends modern and traditional Filipino styles, with wooden furniture, bright colors, and local artwork. The location is also a key factor, with many expats choosing homes close to international schools, shopping centers, hospitals, and restaurants. Despite being in the city, these homes and apartments often offer peaceful and quiet surroundings, providing a comfortable living environment for expats," explained one expat living in Bacolod City, Philippines.

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Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.

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What is the average cost of housing in Bacolod City?

If you are thinking about moving to Bacolod City, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Bacolod City can vary greatly depending on the type and location of the property. For instance, a modest house in the city center may cost significantly less than a luxury condominium or a large house in a gated community. On average, however, you can expect to pay a moderate amount for a decent house in Bacolod City. Prices can be relatively affordable compared to other major cities in the Philippines, making it an attractive place for both locals and expatriates to settle down," remarked one foreigner who made the move to Bacolod City.

Should I buy or rent a home in Bacolod City?

If you have not spent a lot of time in Bacolod City, 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 Bacolod City, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Bacolod City for a long time, buying a home could be a good investment. Owning a home allows you to build equity over time and could potentially provide a return on investment if property values increase. On the other hand, renting a home in Bacodol City might be a better option if you're not planning to stay for a long period or if you prefer not to have the responsibilities of home ownership. Renting can offer more flexibility, as it's easier to move if your circumstances change. It also means you won't have to worry about maintenance costs or property taxes, which are typically covered by the landlord. It's also important to consider the cost of living and the real estate market in Bacolod City. If property prices are high, it might be more cost-effective to rent rather than buy. However, if you can afford to buy and the market is favorable, owning a home could be a wise financial decision. In conclusion, whether you should buy or rent a home in Bacolod City depends on your financial situation, how long you plan to stay, and your personal preferences. It's recommended to consult with a financial advisor or real estate professional to help make the best decision for your circumstances," explained one person living in Bacolod City, Philippines.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat 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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