The capital city is among the most in-demand residential addresses in the Philippines. For its old-world charm and progressive economy, city dwellers want to have a piece of prime property in the area and benefit from the upgraded lifestyle the location offers. Fortunately, many residential options make homeownership accessible in a sought-after real estate hotspot. One of the most popular is through the rent-to-own scheme.
In particular, professionals and small families prefer a rent to own condo in Manila no down payment. The residential arrangement is owner-financed, which means you don’t have to go through the typical mortgage process in banks or government financing agencies, making the purchase a lot more attainable. In most instances, though, the monthly rental fee is higher than the prevailing value.
Strategically located, these rent-to-own condos in Manila with no down payment allow residents to reach key destinations in the city with ease. Moreover, they provide access to leisure amenities since these are vertical communities. Some of the recreational facilities you can enjoy are the clubhouse, swimming pool, gym, and function hall. There are jogging paths and open, green spaces in some condo buildings, which you can use for your fitness activities.
Stepping inside the building, you’ll find that the rent-to-own condos in Manila with no down payment come in different forms and sizes. Some are studio-type, while others are one- to two-bedroom units. The floor spaces range from 25 to 40 square meters. Some come with a balcony, a versatile outdoor space that you can use for your leisure activities.
A rent to own condo in Manila no down payment is usually priced from P15K to P30K per month. The exact price depends on how big the space is. Overall, the typical purchase price is P2M to P5M. Remember that before the contract is drafted, you and the seller will agree on the monthly rental, selling price, and purchase date.
Aside from rent-to-own condos in Manila with no down payment, you can find other properties under this accessible scheme. Some are townhouses, while others are single-detached homes. Most of them are located in gated communities, so you can rest assured that these options are safe and secure.
One of the thriving sectors in the capital city is tourism. This is particularly beneficial when you’re buying a property as it provides a good backdrop for the appreciation of real estate values in the long run. These are some of the tourist hotspots in the capital city, which you can easily reach when you go for a rent-to-own condo in Manila with no down payment:
As you explore rent-to-own condo in Manila with no down payment, visit these popular landmarks and familiarize yourself with your next home location.