Retirement Villa On Panglao

[Jack Peterson]

The govt agencythat helps with property loans is Pag ig Big. But like SSS, you have to have paid into it over so much time.

 

 Can Foreigners Avail of this though?

 

Jack  :)

[stevewool]

 

 

That's really nice if you plan to live here forever.

 

Cant knock it, its a great looking building, it will be amazing once all done,

But the cost , each to there own i say, but there is no way i could ever afford something that cost so much, our build so far has cost us around £13,000 and maybe another £2000 to finish it, thats around $23000, or just around 1 million peso,

I think i have got a great deal with the build,

I am hoping to build another smaller house just for me a Ems  for cheaper then that price, but we shall have to buy the land ,WHERE i have no idea till we are there,

 

Steve, where are you building a $23000 house?  (my keyboard doesn't have a pound sterling symbol)

 

Marikina , we knocked down the old one and built a new one

[stevewool]

here are some pictures

 

 

There is a more detailed thread in here somewhere give me a little more time and i may find it , thats if any of you want to AGAIN :hystery:

[Steve & Myrlita]

 

The govt agencythat helps with property loans is Pag ig Big. But like SSS, you have to have paid into it over so much time.

 

 Can Foreigners Avail of this though?

 

Jack  :)

 

Sorry Jack. Remember, foreigners can't own property.

[Jack Peterson]

Sorry Jack. Remember, foreigners can't own property.

 

That's what I meant, It was a Mortgage thing for Filipinos only  :)

 

Jack :thumbsup:

[Guy F.]

Guy, a very impressive house.  I suppose US$160K is top-end for the Philippines, but I look at that as a steal when compared with US housing costs. 

 

My wife and I were just talking today about purchasing a house in the Philippines, even if it is just to use it part time during the year (maybe the snowbird routine).  If I build, I'd like to be somewhere near a resort-type destination so I can enjoy scuba diving and other aquatic activities. 

 

In my research, utilities have always baffled me.  So, with your new house, how is water piped in, sewage piped out, electricity connected?  Is that provided by the community, i.e., water lines and sewage pipes?  Or do you have to go the route of drilling a well and/or putting out a septic tank/field? 

 

And most importantly, did you get a mortgage in the Philippines?  If so, through your wife?  I can't picture a US lender being very open to supporting a loan where the collateral is in a foreign land.  But I may be surprised.  :-)

 

Thanks Guy!

 

Max

Your questions have been answered quite well by the other members. It was easy to get water and electricity connected. Dauis has very good and efficient government.  I looked at getting a well but in this particular location would have had to drill too deep to make it cost-effective. Did not seriously consider getting a loan. I've read on this forum that loans are rather expensive in the PI and you are correct in assuming that US lenders would not do it. There is a septic tank.

[Thomas]

 

 

The govt agencythat helps with property loans is Pag ig Big. But like SSS, you have to have paid into it over so much time.

 

 Can Foreigners Avail of this though?

 

Jack  :)

 

Sorry Jack. Remember, foreigners can't own property.

Foreigners CAN own HOUSE at LEASED land,

BUT such can't be used as collateral   =can't get loan for such house.

 

..

I believe Pag-Ibig have rather low max loan amount anyway, they are ment for common "Filipino houses"  =They cost less than the houses foreigners build normaly.

[Guy F.]

Cove lighting, whatever the heck that is.

 

Solar water heater.

 

Front lanai.

 

Sliding glass doors.

 

I thought these were shutters but Mrs F says they are closet doors.

 

MBR throne room.

 

The windows actually open!

Edited November 10, 2015 by Guy F.

[stevewool]

looks fantastic,

[RBM]

Coming on great, water system same as ours although yours larger. We are thrilled with it, warms water even on rainy days, best thing we did.

Just a couple of things, they do not have an on off switch and must be filled by clicking a switch. We had our sensor mounted beside shore. Strange no float valve inside. We just flick the switch every second day before first shower and off after showering, never an issue.