The Philippines’ economy continues to grow making the country a relatively excellent investment choice that investors should look into. Today property prices are still low but are constantly rising, it has been reported that property prices have risen as much as 113.3% (34.1% in real terms) from 2004 to 2014. How can we take advantage of this situation? Simple, by investing early, so if you want to buy a property NOW would be the best time.
The demand for Residential properties is rapidly rising because of the many people opt to invest in it. But not everyone have the luxury of buying a property outright. So what can middle-class citizens do in order to be a part of this real estate investment? They should try rent to own scheme.
Rent to Own (also known as Lease with Option to Purchase) means buying a property through real estate mortgage or by renting a property for a set period of time and having the option to buy it eventually. This kind of investment can be very beneficial. If you can’t produce the payments immediately, you can avail of the government housing loan called “Pag-ibig Fund”.
Imagine having a home that you can live in without having to pay the total purchasing price right away. You’ll also have the benefit of having a locked purchasing price which means that even if there was an increase in property prices it will not affect the agreed upon price of your home.
But the investments don’t stop there. After you bought the property you can do whatever you want with it, if ever you decide to move to another home, you can rent it to a tenant or sell it and if you choose to sell it you’ll have the liberty to appraise it with the property prices of that time. And because of the constant rise in property prices you may sell the property for a higher price especially if improvements in the property were made.
So what are you waiting for? Be smart, invest early, and enjoy your new home.