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Why Choose Home Rental Over Ownership?
The recession experienced all over the world (and especially here in the Philippines) has caused prices of properties to drastically fall
. Others might think that the drop in property rates is a good thing as more people can now afford to purchase their own property.On the contrary, acquisition of Philippine real estate has become harder than ever. Interest rates have gone extremely high, making the overall price of properties high as well. Thus, mortgages are now hard to obtain.
To cope with the ongoing recession, experts like Umbrella Real Estate advise people to resort to home rental instead of purchasing properties. Whether one is searching for Manila houses, apartments in Manila, or Manila condos, there are options in the market available for them.
As property ownership and mortgage acquisition gets harder and harder, people begin to resort to home rental. This continuous increase in demand for rental properties has caused very good consequences for the rental market.
The rental market is in very sound condition right now. Quality condo Makati, Fort Bonifacio condo or Global City condo are available in various choices. One can end up in their dream home without the worries brought about by mortgage requirements.
With Umbrella Real Estate, the process involved in property rental can be done in a breeze. Pre-rental preparations can make it even easier. Umbrella Real Estate helps in repairing the broken faucet and checking at least half of the list of references ahead of time, thus, lessening the burden during the moving day.
Another advantage of home rental over ownership is in terms of home maintenance expenses. In rental properties, costs incurred because of house repairs and maintenance is borne by the landlord. On the other hand, these costs are on the homeowner in the case of owned properties.
Given these advantages, it is safe to say that home rental really is a better option than ownership. It holds true especially in these trying times when every amount of money spent has to be wisely considered.
Umbrella Real Estate is fast becoming the Philippines' most recognizable name in Philippine real estate, attracting hundreds of renters and buyers every month. Our vast listings of rentals and properties give us a high edge in property searching. Our style of Philippine real estate is completely unique and original. Everything is designed to give you better service. This has catapulted us as one of the top brokerages in the Philippines in the 21st Century
If you are interested in renting a home, please visit us online at www.umbrellaonline.com or you can call us direct at (02) 889 1817.
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