For property buyers who cannot get a House financing plan due to lack of requirements, prior loans, or bad credit scores, a rent to own or lease to purchase arrangement is an ideal solution. Getting a rent to own House is an ideal alternative if you are not financially ready to take on the burden of purchasing a House but want to begin investing.
A rent-to-own agreement requires a tenant to pay a monthly rent that is quite higher than the property's market value. Owners offer fixed rates, with a portion of the monthly payment for rent and the remainder for the house down payment. The renter can also buy the house during the rental term or pay the down payment and then apply for house financing for the remaining sum.
If you are planning to move to a new location to look for more career and business opportunities, Davao in Davao Del Sur might be an ideal location for you. As Davao becomes more urbanized, the demand for real estate properties such as a House continues to grow, increasing their market value. If you desire to invest in a property as early as now but do not have huge savings for an outright payment, a rent to own House in Davao, Davao Del Sur is perfect for you.
Aside from the 49297 rent to own House in Davao listings in Lamudi, you can also find various rent to own House in other areas in Davao Del Sur.
Davao in Davao Del Sur houses various urban developments and business districts, making it a convenient place to get a rent to own House. Commercial establishments and recreational facilities such as malls are also in Davao, allowing residents to relax and have easy access to their necessities.
Within mixed-use developments and business districts in Davao are several corporate buildings for different industries, making it easier for residents to find a job in their respective fields.
Also in Davao are hospitals and public and private schools, suitable for families with children and elderly members. You can also find a rent to own House near public transportation terminals and major thoroughfares in Davao, allowing residents to easily reach their destinations around and beyond Davao Del Sur.
If you're looking for a rent to own House in Davao, take note that the average price is ₱84,777. Due to the higher market value of such properties, a rent to own House with recreational amenities can be more expensive. Furthermore, rent to own House in upscale developments such as exclusive subdivisions are expected to cost more as compared to a normal rent to own House in the area.
If you're buying a rent to own House in Davao, you'll need a one-month deposit and one-month advance before moving in and renting the property. Payment terms for the said property are almost similar to a standard rent, except for the rates. The rental rate for a rent to own House in Davao is slightly higher because it includes the property's downpayment if the tenant decides to purchase the property.
In addition, a rent to own House is eligible for home loans such as a bank loan and a Pag-IBIG loan. You can apply for a house loan while you are still in the renting period.