Though buying your own home can offer a sense of security, it’s not always for everyone. Home renting is becoming a popular choice in the Philippines for people of different lifestyles.
If you’re just starting out, low on funds for upfront down payments and house repairs, and your finances or circumstances are likely to change soon, renting may be a practical alternative. There are many reasons why it might actually work better for your needs and preferences.
Homes in central locations tend to be pricier because these are near transportation hubs, offices, commercial centers, public facilities and other lifestyle destinations.
Home buyers would sometimes end up purchasing homes in areas that are far from the city because these are more affordable and realistic—even if it means travelling several hours to get to work.
If you’re a home renter, you have the liberty to choose to live near where you work or study. You can easily see and decide if your prospective home is close enough to what matters to you today.,
Living life as it is
One of the advantages of renting is that you are not tied down to just one property and location. You may be single now but be married the next year, and grow your family in the next few years.
You may be in Makati now in a studio unit, but in the next few years, you might need a place in Ortigas for a family of four. At work, who knows if you’ll be relocated to a satellite office or your headquarters will transfer to a different city? In all these, home renting is a more flexible alternative to your developing lifestyle. Renting lets you live your life as it is.
Investment other than real estate
When you purchase a property, the financial obligation doesn’t end with mortgages. You still have to pay for regular taxes and usually, it fluctuates depending on the changing economic conditions.
When you rent, you don’t have to assume a significant financial burden. With the money that you are able to put aside by renting, you can invest in other things such as stocks, mutual funds, foreign exchange, corporate bonds, cryptocurrency, a start-up business – anything.
No maintenance costs
When you rent a property, the landlord is responsible for the cost of repairs and maintenance of your place. If the roof or faucet leaks, as a renter, you do not have a responsibility over these things. Depending on the repair, these costs can be quite expensive.
When you have finally made your decision to move out and rent, make your experience easy by engaging a leasing partner. One of these is Dwellings by Eton, a leasing program by Eton Properties Management Corporation.
For example, you can choose units in the Makati Central Business District (CBD) at the Eton Residences Greenbelt, Eton Parkview Greenbelt, Eton Tower Makati, or Belton Place Makati.
Leasing staff from firms such Eton can help ensure you get the most out of your living space, depending on your preference and budget.
Convenience, flexibility, cost efficiency. When it’s time for you to move out, leasing partner firms can help you find your own space. Now that’s stress-free living in the city.
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