Why Choose Rent-to-Own Houses in the Philippines?

rent to own house philippines affordable murang bahay at lupaThere’s nothing much more fulfilling than having a place to call your own. It’s a great source of pride, honor and independence. But owning a house is not an easy goal to achieve. It takes a lot of time, money and effort to commit.

Fortunately, rent-to-own houses open its door for ordinary individuals and families who are looking for a great program that will make the impossible possible when it comes to owning a house in the Philippines.


How Rent-to-Own Houses Work?

The term “rent-to-own” has become a big thing when it comes to real estate business. In a rent-to-own program a person with poor or no credit history can purchase a house at ease. The buyer will have to find financing for the mortgage (usually through PAG-IBIG)  to cover the balance of the house’s sale price.  The buyer will pay in regular installments over a period of time until the balance is paid off in full.

How do you know if a rent-to-own house approach is ideal for you?

A Rent-to-Own House approach is a beneficial situation for buyers. Any buyer will find it much suitable for their budget to finally own a house rather than pay a massive amount renting. This is more economical and practical way to make because all you have to do is talk to a reliable agent, go for a site visit and secure the documents.

1. You want become a homeowner but not yet financially stable. 

Going for rent-to-own houses give you the chance to lock-in the house of your dreams with minimal cash-out. You have enough time to save money for your downpayment and improve your credit score. With enough money on your emergency fund and the right income, you are good to go as a homeowner.

2. You want to invest in real estate

Investing is one way you can make money work for you. Considering how budget-friendly the monthly rental fee can be on rent-to-own houses you can turn it as an investment. Invest in a house that appreciates in value and can give you a better ROI.

3. You are a first-time buyer

Buying a house for the first time could be a daunting task. It is considered as a big decision — a big move that can either make or break your way to financial freedom. Rent-to-Own Houses are way easier because you will be guided accordingly.

You can move into a house right away with the no downpayment deal. Since it is financed through Pag-Ibig everything is set automatically. You have expert agents that will assist you all throughout the process. You will be consulted before signing anything, letting you know the legalities  of the complicated language used in contract.

The Rent-to-Own House Advantage

1. No Downpayment

RenttoOwnCavite, the leading estate company that offers affordable and within the reach house for rent in Cavite, provides rent-to-own house program with no downpayment guaranteed. Cash out is only between 20,000 to 30,000 pesos depending on the house you are buying which is payable in installment for 5 to 9 months. Owning a house as easy as how renting works that mostly includes two months deposit and one month advance.

2. Monthly Bill will Start Upon Loan Approval

You don’t have to pay anything unless your housing loan application is approved and your house is ready to move-in. Thus, you have ample amount of time to prepare yourself for the responsibility and/or adjust your monthly budget. Again just like renting your bill will start upon turn over of the unit.

3. Utilities are under your name

Utilities like electricity (Meralco) and water consumption will be under your name instead of the tenant. No need to undergo additional process or pay additional fees.

4. No Hidden Fees

Rent-to-Own Housing Program ensures an all-in, no hidden fees, extra charges operation. The total contract price includes transfer of title to the owner. Processing fee is already included rather than set separately.

5. Maximize Your Income

With rent-to-own housing, you have the ability to maximize your money. Start investing your money to real estate that can turn to passive income. With a small amount you pay monthly you will have your own house complete with proper documentation like title, tax and declaration.

If you are having troubles finding rent-to-own house, contact Rent to OwnCavite and check out our full list of properties on our website or call us at 0916 401 6256 | 0919 419 7678 | 0998 573 4588 | 0922 797 6402 or through our landline 02 833 9094.