PHILIPPINES – With the rising cost of properties and changes in lifestyles, more Filipinos are now considering the prospect of renting instead of buying due to its feasibility. Considering these changes, DMCI Homes has offered different flexible leasing options that would suit the diverse housing requirements of its customers. This includes short-term rentals, long-term agreements, and even rent-to-own agreements.
From Rigid Leases to Tailored Living
DMCI Homes offers lease terms which can suit different preferences. Should you be one who wants a more temporary arrangement, short term leases which are six months or less are available for your use. If you wish for stability without signing on a one-year agreement, medium term leases which run from six to eleven months will do just fine. For those who prefer a more permanent stay, long term leases which run twelve months and beyond are available for your consideration.
Rent-to-Own Through the Home Ready Program
For tenants who eventually want to own a home, DMCI Homes provides the Home Ready Program, a rent-to-own pathway. Under this scheme, sixty percent of the tenant’s total lease payment is saved toward the down payment. Before the lease expires, the renter may notify DMCI of their intent to buy the condo unit. The buyer only needs to pay at least ten percent of the unit’s contract price. This down payment consists of the creditable amount from the total lease payment plus cash for any remaining balance.
The remaining ninety percent of the contract price may be settled through bank financing or in-house financing under the ten-ninety payment term. The program also includes price protection, meaning the unit’s contract price is locked in at the start of the lease. All Home Ready properties are available for immediate occupancy. Tenants are entitled to a free property valuation, and DMCI Homes provides integrated client support from its leasing, customer care, and property management offices.
Fully-Furnished Versus Unfurnished Units
DMCI Homes offers furnished and unfurnished units that cater to the varying needs of different types of tenants. Furnished units have all amenities ready, making it ideal for professionals, foreigners, and short-term residents. Unfurnished units suit best long-term residents who prefer decorating their unit according to their taste. These options allow DMCI Homes to serve wide range of people with varying needs in terms of renting a unit.
Strategic Locations and Premium Amenities
The locations of DMCI Homes’ real estate investments are carefully selected to be strategically situated within important urban centers in the Philippines, with a primary emphasis placed on Metro Manila, Davao, and Baguio. This is primarily due to their proximity to important commercial zones, schools, transportation centers, and lifestyle destinations. Within each enclosed neighborhood, homeowners are provided with twenty-four-hour security services, video surveillance cameras, protected perimeter fences, and a variety of facilities, such as swimming pools, fitness centers, recreational gardens, playgrounds, and clubhouse facilities.
A Streamlined Rental Process
Rental procedures in DMCI Homes are designed for convenience. Potential renters can view units, apply, and pay for their rent through easy-to-navigate websites. Lease agreements are straightforward and often handled electronically. Dedicated customer service teams provide continuous support throughout the rental experience.
Renting Versus Buying
A rented unit will involve relatively cheaper payment terms, which is simply a deposit and first month’s rent. One will be assured of mobility should one feel that relocation becomes necessary due to any reason. Maintenance is done by the developer as an extra factor making one’s decision to rent easy. Buying a house involves higher costs as well as being committed for the long term, besides being responsible for maintenance. But buying property helps build assets for future use. DMCI Homes makes this choice easier through their rental packages and Home Ready Program.
The Future of Rental Housing
The rental market in the Philippines is now providing higher returns as the country’s economy rebounds from its losses. As more expatriates make their way back to the country, the demand for flexible lifestyles like co-living and short term rentals increases. DMCI Homes always finds new ways to provide the latest rental solutions, like the rent-to-own concept. Through listening to the preferences of its residents, DMCI Homes helps define urban living in the Philippines.
