Top Places to Buy Second Home in the Philippines

The twentieth century ushered forth a new fad: the ownership of a second home. When compared to other biases, buying a second home as a residential real estate investment is not only useful but also fundamental. As a matter of fact, individuals who already had families were the most likely to buy a second house and lot Philippines.

This is due to the fact that the prospect of purchasing a vacation house investment is thrilling. This is an asset that almost everyone would want to invest in. To illustrate, picture an affordable house and lot as a vacation home that might become a family heirloom, a private refuge that could be rented out during the holidays, or a little respite from the hectic pace of metropolitan life. The benefits of purchasing a second plot of property are many, and you may find many of them by just scratching the surface.

Where to Find Your Second Real Estate Property Investment in Philippines

One's financial standing need not exclude them from purchasing a second house in the Philippines. To tell the truth, some of its significance now is attributed to satisfying individual needs and fulfillment. Here are a few of the Philippines' most desirable real estate properties hotspots to consider as you plan to purchase your second home.

1. Zamboanga del Sur

The majority of Filipinos who own real estate do so in order to provide a permanent residence for their families or to begin their own households. It's possible that a family may buy a second home as a vacation retreat. Therefore, if you own a second residence, it's likely that you value having a space where your entire family can unwind and spend quality time together.

Therefore, having a second home in the southern Philippines such as Zamboanga del Sur to use during vacations will provide much-desired quality time with loved ones. It sits on the Zamboanga Peninsula and its capital city is Pagadian.

It is also the best source of crustaceans in the Philippines giving you the ultimate seafood experience and a great place for nature lovers who love various adventures.

Recommended second home community: Lumina Pagadian 

2. South Cotabato

You may earn some extra money by renting out your vacation property to visitors to the province during the times you won't be using it. Natural treasures abound in South Cotabato, and the province's spectacular development has opened up doors of opportunity for anybody who wants to make a home there.

You may also rent out your house for parties and other events if it has features like the tiny gardens and playground, multi-purpose hall, and gazebo seen in Lumina Homes. You may either advertise your rental property to your own network or post it on a real estate website.

Recommended second home community: Lumina Polomolok

3. Misamis Occidental

Investing is the route to greater financial freedom. You may put your money into many different things, but if you have the means to do so, it's best to put it into real estate or other tangible assets. When compared to other investment options, real estate is both safe and lucrative.

Real estate investors can boost their investment portfolio by purchasing an affordable house and lot for sale in Misamis Occidental since the region has plenty to offer in terms of tourism and commercial opportunities. Moreover, there are also ongoing initiatives and progressive programs being developed by the province's administration.

Recommended second home community: Lumina Ozamiz

4. Davao del Norte

Metro Manila's quick pace might become overwhelming for retirees. With this, you may utilize your out-of-town holiday property as a retirement residence for yourself or an elderly relative.

A retirement house in Davao del Norte is ideal because of the province's forward-thinking amenities. There is room for relaxation while yet having access to urban conveniences like Davao city center.

Recommended second home community: Lumina Tagum

5. Bukidnon

Your suburban getaway may double (or perhaps triple!) as a family home that you can pass on to future generations. Bukidnon, Mindanao's food basket, is a newly discovered jewel that is well worth visiting, settling in, or investing in.

Assuming regular upkeep and prompt repair work, your investment in the real estate industry should be in excellent condition at all times.

Recommended second home communities: Lumina Malaybalay and Lumina Valencia

6. Agusan del Norte

There will always be some among us who like their own company, and for them, leaving the nest is an exciting prospect. Thus, having second residential properties may provide the solitude you want.

If you're looking to escape from the noise and crowd of Metro Manila, then Agusan del Norte can give you the private and personal space that you need. Being the “Timber City of the South,” you can expect a lot of relaxing greeneries in the province while living in an urbanized city.

Recommended second home community: Lumina Butuan

7. Negros Occidental

The financial benefits of owning a second home might be substantial. When you begin collecting rent from tenants at your second property, you'll have more money coming in to help with expenses like real estate tax and bank amortization.

In this regard, purchasing a real estate investment in a state or region with many tourist attractions is crucial. Not only does Negros Occidental have fantastic history and culture, but it also has delicious regional specialties and lively festivals.

Recommended second home communities: Lumina Bacolod, Lumina Bacolod East, Lumina Sagay, and Lumina Silay

8. Iloilo

When a family purchases a second home, it's usually with the idea of turning it into a "halfway house." The primary purpose of secondary residences is to provide families with a haven of refuge in the event of a natural catastrophe or as a safe place for recovery and healing.

Iloilo is known for its oldest churches, wonderful sea waters, as well as hospitable and amiable locals. It's a perfect place where the serene beauty of nature meets the progressive developments of the city.

Recommended second home community: Lumina Iloilo

9. Cebu

People move for a variety of reasons, including seeking better security, fulfilling career goals, or addressing health and medical concerns, and with this, owning a second home is often more cost-effective than renting.

Cebu, one of the Philippines' economic powerhouses, got the nickname "Queen City of the South" due to its accessible location to other cities as central business districts in the Visayas region, this is aside from the booming tourism industry in Cebu City, which annually pulls in millions of tourists and investors from all over the globe. Real estate developers, furnishings, information technology, and import sectors have all seen notable growth in this province.

Recommended second home community: Lumina Carcar

10. Capiz

Having a vacation property in a province outside of the metro offers a relaxing and hassle-free staycation away from the city. You may avoid the headache of making hotel reservations in the neighborhood around your vacation property since you already own it. In addition, you may leave for your holiday home whenever you choose.

Among the most well-known travel spots in the nation is Capiz because of its huge seafood delicacies, rich history, colorful festivals, relaxing and white beaches, and accessible location. That's why it's a great option for you as a real estate investor.

Recommended second home community: Lumina Capiz

11. Camarines Norte

Having two residences provides flexibility in the event of an unforeseen event. Moving shelters may not provide the same level of security and privacy that a family's own home can. Guaranteeing income even after a failure, a second house may also assist you to avoid losing too much or having to start from zero.

Because of the abundance of natural resources and infrastructure projects in the region, living in Camarines Norte is a great place to start a business or source of income. It also makes it easy to get the food you need to get by every day.

Recommended second home community: Lumina Camarines Norte

Wherever you are in the country, there is always a Lumina Homes community waiting for you as your second home! Don't forget to visit our other real estate properties on your next holiday travel and start your investment now in the Philippine real estate market.