In the process of finding or moving into a new place, you will be faced with one important question: Is it better to rent or buy a home?
Many people are drawn to the less permanent and short-term financial convenience of renting. However, owning a house and lot can provide greater financial benefits and personal fulfillment in the long run.
If you’ve been weighing your options, here are four compelling reasons that may convince you why owning beats renting!
It’s a Smart Financial Move
When you pay rent to your landlord, you’re essentially helping them grow their wealth. But when you invest in your own home, you’re creating long-term financial stability for yourself!
With each home loan payment, you increase your ownership stake in your property and build more equity. In many developing cities in the Philippines, including Lipa, Batangas, property values tend to appreciate over time. So, down the line, if you ever decide to sell, the increased value of your home could mean a significant profit.
Unlike renting, which provides no return on investment on your monthly rent, homeownership offers the opportunity to profit from property value increases or even borrow against it through a home equity loan from Pag-IBIG or local banks.
You Have Total Creative Control
Owning your home gives you the freedom to design your space however you want!
Whether you’re debating doing a DIY home improvement hack you saw on TikTok or adding an extra room to accommodate your growing family, the decision is entirely yours to make.
With homeownership, there’s no need to ask for permission from a landlord. Your home is yours to customize or renovate as you see fit.
Earn While You Sleep
Homeownership opens up the possibility of generating passive income!
As property values rise and the demand for rental spaces grows, you can decide to rent out your entire house and lot or just a portion of it to earn money with minimal effort each month.
By renting out your property, you can offset your house loan payments from your monthly expenses or even create an additional source of income, giving you the financial flexibility to acquire other investment opportunities or save for future goals.
Get on Solid Ground
Owning a house and lot gives your family a secure space to grow!
Stability plays a crucial role in raising a family. While renting can bring out uncertainties like monthly rental fee increases, surprise evictions, and the constant need to move, homeownership provides a stable, permanent environment that fosters peace of mind and a sense of belongingness.
Owning a house and lot also creates a lasting legacy for your family. It can be a valuable asset that can be passed down to future generations, giving them a solid foundation to build their dreams.
Arcoe Residences in Lipa, Batangas
If you’ve been dreaming of embracing stability, growth, passive income opportunities, or a better future for your family, investing in a pre-selling property is a good start. Not only does this allow you to secure your home at a lower price, but you also get the advantage of choosing the prime property spots within the development.
R Land Development Inc. offers affordable pre-selling properties in thriving community locations all over NCR. For a clearer peek into your future home, book a viewing session at Arcoe Residences in Lipa, Batangas today!
