Affordable Rent to Own House in Bacolod
Thinking of investing in a rent to own property? Read this first.Unlike renting or buying, a rent to own is an arrangement allows a buyer to rent a home or a condo with the option to purchase the property within a time frame agreed upon by both buyer and seller.
A win-win arrangementRent to own houses is sought after as it offers a win-win solution for both buyer and seller. Cash-strapped buyers have the chance to buy a property at flexible terms and they can move in right away. Sellers, especially those with houses or condos that have been in the market for a while, are able to generate income to cover for mortgage and taxes. Pros and cons of rent to ownLike any financing option, the rent to own arrangement has its advantages and disadvantages. Lessee/Buyer Benefits:
Lessee/Buyer Risks:
Seller Benefits
Seller Risks
There are no limits to what terms you could include in the contract. Aside from the standard clauses on monthly rental payments, purchase date, and selling price, both buyer and seller can draw up rules regarding pets, the number of tenants allowed and property maintenance. Keeping these in mind will go a long way in preventing disputes in the future. Rent to own houses is available for property seekers in Bacolod City. A one-bedroom, 30 square meter home is at P840,000 while a 46 square meter, a two-bedroom bungalow can be purchased for P1.1 million - ideal for couples planning to start a family. Two-storey, three-bedroom properties are likewise available. Visit Lamudi's website to check rent-to-own properties in Bacolod City; there are options for every life stage (and budget) you're in.
FIND OTHER RENT TO OWN HOUSES IN THE PHILIPPINES
|