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Rent To Own Cebu

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About Cebu: the Province and the City 

The Province of Cebu, located in the Central Visayas, is home to Cebu City which is the Philippines’ oldest city after the Spaniards landed in the area during the 16th century.  Now, Cebu City has developed into the second leading metropolis next to Metro Manila. Cebu Province is also home to Mactan Island where the second busiest airport in the country, the Mactan-Cebu International Airport, is found.   As one of the most developed provinces, Cebu is becoming a hub for tourism, businesses, and commercial establishments. 

 

More than that, the housing demand is increasing as Cebu is another major investment hotspot after Manila.  As more real estate developments are emerging in the province, there are more opportunities for you to own a house in this province, particularly in the capital city of Cebu. 

 

Rent to Own a House in Cebu City

Are you thinking of settling in Cebu?  Renting a property there can save you money, but you will never own the property in the long run. On the other hand, purchasing a house will cost a lot of money and you might not be ready yet. So, what’s the best middle-ground for you? 

 

Rent-to-own a house in Cebu is a sound alternative if you want to purchase a house but still need to secure financing. The rent-to-own agreement is a written contract between the owner and buyer (in this case, you) that specifies the monthly rental price, lease period, and purchase price. In the meantime, you can lease the property that you are planning to purchase in the future.  Moreover, the purchase price is locked until you’ve finally secured a housing loan. 

 

Why Live in Cebu City?

Cebu has witnessed the country’s transition from colonization to modernization. This highly urbanized city has tons to offer from historical locations to upscale shopping malls.  Living here will help you learn more about the country’s rich history and culture. 

  • Fast-growing economyThe economy of Cebu has been experiencing immense growth over the past years. It has now become an investment and commercial hub for businesses who want to expand in the country. When you live in Cebu, you can take advantage of the growing industries as you seek career opportunities. If you have children, they can have quality education from renowned universities such as the University of the Philippines Cebu, St. Theresa’s College, and Cebu Institute of Technology - University. 

  • Enjoy your downtime on world-class beaches.  Living in Cebu means your weekends will never be boring and repetitive. There are different activities for you to try out from beach hopping to hiking. You can visit popular tourist spots in Cebu including Krus ni Magellan, Fort San Pedro, and Temple of Leah. 

  • Have a taste of history and culture. You can get to know more about the country’s history and culture by visiting Lapu-Lapu Shrine, and Colon Street. Cebu is also rich in festivities all throughout the year. You can take part in the Sinulog Festival, Kadaugan sa Mactan, Palawod Festival, and Inasal Festival. 

Offer Types and Average Prices of Properties 

It would help if you explored your options when browsing for potential properties that you can rent-to-own. It is probably best if you list out the factors you are looking for in a house to ensure that you find the one that suits your lifestyle and budget. You should consider the location, neighborhood, amenities, and land size. When browsing through properties listed in Lamudi, most are townhouses, single-attached homes, or 2-story houses. These properties are located around Talamban, Labangon, Apas, Mandaue, and Lahug. The houses can range in size from 50 square meters to 800 sqm. You can rent-to-own a house in Cebu for as low as PhP 18,000 and as high as PhP 250,000.