Guam housing, and dream housing

I sometimes wonder what make the perfect home on Guam. I wouldn’t call these dream houses but I would look at them, if price were no object.

Here’s a nice house for $525,000. I like the idea of the swimming pool right outside.

I’m not crazy about the color of this house and the kitchen seems a little out of date for a house costing $630,000. But the balconies look awesome. Still partial to the swimming pool house.

I would probably buy a condo – although having a little yard may be a must. This Tamuning condo, 9th floor, is $380,000 and has 24 hour security, so I suspect the condo fee is probably a little on the high side. But if I was prepared to spend this much on a condo, a house may be a better option. The major plus on a condo is less concern about it when traveling.

This condo is worth a look. It’s a two bedroom in Tumon. At 742 square feet one of those bedrooms must be small. But $105,000? Let’s say you get 100% financing at 6.5% – the principal and interest will be $663. Taxes probably add another $200, so now its $883. You’ll need PMI which and I’ll use a high estimate of $100, which increases the monthly total to $983. I’ll have to guess at the condo fee. It's probably somewhere between $100 and $300, so I'll add $150 to the monthly bill. The total monthly cost of owning: $1,133. That is very comparable to a rent, and considering the military build up and demand in housing certain to follow, something in this price range has the potential of being a very good deal and a safe investment.


If I wanted to stay in that price range, I might be tempted to consider this property on the southern side in Inarajan. It’s plain, but was built in 1993, has car port seems to have a decent amount of land. At $129,000 it seems as if it's priced to sell.