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Gain peace of mind without paying a hefty price—this is the promise of renting to own a house in Mandaue City, Cebu. Getting into the rent-to-own scheme allows you to lock in the home of your dreams without making a one-off or huge down payment. And if you’re going to settle for a rent-to-own house in Mandaue City, Cebu, you can get your grip on various growth and leisure opportunities, too.
Mandaue is a highly urbanized city in Cebu province, labeled as an industrial hub for hosting around 10,000 commercial and industrial locators. It’s also brimming with and surrounded by leisure options in the form of amusement parks, museums, and natural attractions.
On average and according to Lamudi’s price data for Oct 2021, houses for sale in Mandaue City cost P69,200 per square meter. A 185-square meter home, for example, would then cost over P12 million. Usually, when acquiring a home, you need to pay for 20 to 30% downpayment, but for a rent-to-own unit, you just need to secure a premium payment, which can be as low as 2.5% of the agreed-upon purchase price.
On a yearly basis, houses for sale in Mandaue City have a history of increasing costs. For instance, average home prices in the area were P58,000 in January 2020 and P68,000 in January 2021. In a place where properties are becoming more costly, your option to “lock in the price” is through a rent-to-own deal.
Mandaue offers numerous options for houses that you can rent and eventually own. Many have three to four bedrooms, built with a townhouse or single-detached design. Some are semi-furnished, while others are fully furnished and come with value-added features like a swimming pool, garden, maid’s room, and car garage.
On the other hand, more compact homes have a maximum of two bedrooms. These are usually two-story townhomes inside residential communities with 24-hour security and modern amenities. In terms of rent price, a two-bedroom rent-to-own house in Mandaue City, Cebu, may cost around P20,000 to P60,000 monthly.
Aside from the various house and lot properties, Mandaue is known for its fun-filled destinations for kids and kids-at-heart. It’s the location of SkyWater Park Cebu, the first facility in the area to feature water slides, an infinity pool, climbing nets, and a swim-up bar. You can explore more thrilling water activities in WaterWold Cebu, the biggest water park in Mandaue and Central Visayas.
Other famous destinations in and around the city include modern shopping and accommodation facilities, such as the Gaisano Country Mall, North Drive Mall, Alpa City Suites, Radisson Blu Cebu, and Marco Polo Plaza Cebu.
As a highly urbanized area, there are multiple entry points to Mandaue. Major roads like M.C. Briones St. A.C. Cortes Avenue, and U.N. Avenue cut through the city. Mandaue is also connected to Cebu City via Central Nautical Highway and is roughly 25 minutes away from Mactan-Cebu International Airport.
If you dream of living in a vibrant and progressive city, consider checking out the following projects that may have a rent-to-own house in Mandaue City, Cebu. Note that prices may increase depending on the amount for a premium payment (upfront) and rental fee (monthly) set by you and the property owner.
