Affordable Rent to Own House in Cebu

 

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Finding a Home in the Philippines’ Oldest Province

Find rent to own houses in Cebu

As the place most associated with the Visayas region, the province of Cebu continues to be one of the most highly desired places in the Philippines to find a home in. Its capital, Cebu City, rivals Metro Manila in terms of infrastructure, business and employment opportunities, and commercial and leisure establishments. But the big difference between Cebu and the Philippine capital is that where else in the Philippines you could be in an office high-rise in the morning and go scuba diving in the afternoon. In fact, Cebu is a highly sought after and popular tourist destination that it was one of the Department of Tourism’s focus destinations for its “More Fun in the Philippines” campaign.

As the most developed city in the province, Cebu City is not just center of culture and finance, but also of education. Its notable schools include the University of the Philippines Cebu and University of San Carlos. As the country’s oldest city, it is deeply rooted in history, and has the Magellan’s Cross as its most popular landmark. Neighboring cities and municipalities are as exciting as well, most notably Lapu-Lapu City, which is home to the Mactan–Cebu International Airport, upscale resorts, white-sand beaches, and world-class diving sites.

In addition, neighboring Mandaue is a popular residential real estate location teeming with lots of condo developments, gated communities, and shopping centers. Other cities and municipalities in Cebu Province that offer charm of their own include Carcar, Consolacion, Talisay, Compostela, and Minglanilla, among many others.

 

Living in Cebu

Cebu is a great place for everyone. Professionals looking to establish themselves in various industries can practice their trade in the city’s different economic zones and countless business parks, specifically the Cebu Business Park and the Cebu IT Park in downtown Cebu City. However, for those in need of daily living at a slower pace, Cebu also proves to be an optimum choice. There are so many places where one can get away to, like Fort Santiago and the Cebu Taoist temple, yet still be in reasonable distance of any needed urban convenience. Driving further out of the city, one will be surprised to discover so many attractions the province has on offer, including the coral reefs of Moalboal, canyoneering in Badian and Alegria, mountain resort of Balamban, and many others.

 

Buying a House in Cebu: What Rent-to-own Options Are Available

Cebu Rent to Own Homes | Lamudi

While comparable to Metro Manila in terms of development, Cebu many not be as comprehensive in terms of real estate offerings. However, what the province lacks in number and variety, it more than makes up for in terms of affordability. One possible affordable housing option available in Cebu Province is rent-to-own houses.

As the province is undergoing a massive transformation in terms of real estate development, it would not be surprising to see that some of these property offerings are available on rent-to-own terms. A rent-to-own house is one in which the renter/buyer can lease the property for a predetermined duration (normally two years), after which they have the option to buy the property when the lease contract comes to an end.

 

A Closer Look At Some Rent To Own Properties in The Market

Just to get an idea of what kind of properties of that kind are offered in the market, here is a quick overview; A house in Basak Lapu Lapu city with 4 bedrooms, total floor area of  110 m²  and a 120 m² Land size is offered with ₱ 30,000 or $600 monthly rent. Another a bit luxurious property, rent to own 5 bedrooms beach house in a secured subdivision with a total 258 m² floor area and 675 m² land area is offered with  â‚± 12,950,000 ~ $ 259,000. This is besides the main features and amenities offered with this property. Furthermore, there is a townhouse in Lapu Lapu city with a rent to own option; 3 bedrooms, 80 m² floor area that would cost you in this case around ₱ 3,400,000 ~ $ 68,000. These were just a sample of what is offered in the market in terms of rent to own, you can find a lot of variety in terms of properties in the region.

 

 

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