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Where to Find a rent to own house in Metro Manila?

Rent to own schemes with condos fuel the mainstream property ownership market especially in big cities. The arrival of developers, designers, and architects in the real estate industry means a great demand for modern housing options is existing. The need for living spaces in an environment where the conveniences are strategically close, where the needs of the individual and the family are easy to obtain, is the overarching objective.

 

Condominiums largely fit into this need and, hence, became a massive investment engine in the real estate industry. With these housing options’ popularity, owning a house that has already been used, newly built, or one that is built in a subdivision is becoming a scarce alternative in the city, especially Metro Manila. However, with the size of the metro, there are still a considerable amount of offers that can be found.

Rent to own houses work the same way as other rent to own schemes but with a relative degree of choice and flexibility. Since owners are not hardpressed to rent out (and soon sell) their properties like condos, lessees/buyers need not be under a strict or a formalized deal. Rent to own houses in Metro Manila are very diverse just as the other housing alternatives are. They can also go cheap or expensive depending on the nature of the structure or the owner’s leasing/selling prerogatives.

 

A rent to own house in Las Pinas, generally, may not be as expensive as those rent to own houses in Makati or Taguig. A Php15,000 per month rent, say, for a bungalow sitting on a 240-square-meter lot with three bedrooms, two restrooms, living room, dining and kitchen area, and a two-car garage may be very cheap. With its rent to own scheme, an added one-month advanced payment plus a two-month deposit, nevertheless, could be hefty. But with features like overhead tanks, generator, 24-hour security, and basketball court, such property offers great value to a buyer.

 

Going up north in highly residential Quezon City, home prices are competitive and often very expensive. In a rent to own house in the city, a Php70,000 per month rental fee is above average. Located in a subdivision, the 500-square-meter floor area sits on a 700-square- meter lot. The terms for the rent to own scheme include a two-month payment deposit. The house comes with five bedrooms with toilet and bath, four-car garage, garden, maids’ and drivers’ rooms, terrace, and balcony.

 

Other rent to own houses in Metro Manila take advantage of the proximity to many important establishments. A one-story rent to own house in Alabang, Muntinlupa City that has a lanai, pool, and garden already becomes a good deal with its neighboring conveniences: the Ospital ng Muntinlupa, Asian Hospital and Medical Center, Festival SuperMall, Northgate Cyberzone, and the Westgate Center.

There may be fewer rent to own houses in Metro Manila due to the mushrooming condominium communities but having a home surrounded by your own yard, and, therefore, having ultimate privacy, is a valuable investment, to say the least.