To Rent Or To Own? That Is The Question!

Hello friends! If you have the freedom to choose, would you rather rent or buy your own house and lot? But sometimes it is not so easy a question. There are many things to consider; so renting or owning could be a dilemma for some people as both has its advantages and disadvantages!

Rental Advantages:

1. No long term commitment

2. Less expensive upfront

3. Easy to leave and transfer to a new unit

4. You can choose one near your workplace

5. Minimal expense for repairs, the landlord could help share

Rental Disadvantages:

1. The unit is still NOT your own property (no Rights to Homeownership) even if you have been paying a hefty rent for decades

2. You are at the mercy of your landlord

3. Unit is often old or dilapidated

4. No freedom to make major renovations

5. Difficulty in finding a vacant room for rent in some areas

6. Limited number of occupants or pets may not be allowed

Buying Advantages:

1. A house and lot to call your OWN

2. A source of pride and esteem

3. Flexibility to do what you want in terms of design and control of costing

4. Freedom on how many people can reside

5. Good investment; the market price appreciates (opportunity to build equity)

6. A legacy to be inherited by your family

7. Living security

8. Saves more money in the long run, as compared to renting

9. Opportunity to earn passive income if you have the unit rented

Buying Disadvantages:

1. Not everyone can afford a lump sum

2. Not everyone is approved for financing by HDMF or bank loan

3. Most budget friendly units are in far-flung provinces

4. Shoulder all expenses for repairs, fees and Amilyar (Real Estate Tax)

But what if the home that is available for purchase COULD SATISFY all your requirements?

Are you familiar with Lumina Homes, the mass housing developer? Lumina, touted as "Every Juan's Home" is brought to us by Vista Land. It is the sister company of Camella Homes but made more budget friendly without sacrificing quality! 

The Lumina line of mass housing communities was created to answer the government's call - and the country's need - for economic and socialized housing. They also launched high quality yet affordable condos - under the Prima brand.

Lumina Homes just started in August 2012, but it already has over 51 developments in key areas of the country - from Luzon, Visayas to Mindanao! Now, my friends in the Visayas region, I have good news! 

When in Negros Occidental, there's LUMINA SILAY - affordable, safe and peaceful home where you can build your family's bright future!

Why choose Lumina Silay:

I. Beautiful and brand new home to call YOUR OWN!

II. Affordable and easy payment terms (starts at Php 500,000 or thru Pag-Ibig, as low as Php 1,898 a month)

III. Just six hassle-free and easy steps in buying:

    1. Project Inquiry

    2. Reservation Application

    3. Submission of Requirements

    4. Site Viewing

    5. Marketing and Admin Viewing

    6. Turnover

IV. Accessible and prime location near main roads (Matagoy Street, Barangay Rizal, Silay City)

V. Near schools, markets, place of worship, hospitals, leisure areas, YOUR workplace! 

VI. Master-planned, complete amenities - 24/7 guarded entrance, multi-purpose hall, basketball court, play area, gazebo, shuttle service

VII. From a recognized, multi-awarded and trustworthy developer of quality housing

VIII. Durable and can withstand the test of time and natural calamities as the home units are constructed using advanced building technology (Cast-In-Place and Industrialized Building System).

IX. Safe and secure community for your peace of mind

Silay City is now among the Philippines' Top 25 tourist attractions! It's the center of arts, culture and ecotourism in Western Visayas.

The fantastic Lumina Silay makes your own dream house within reach! No need to chant "sana all" because there is almost no reason not to achieve your bahay goals with Lumina!

Now, my friends, as you can see, owning a house and lot is better than renting! Lumina Homes, like Lumina Silay in Visayas, is indeed the WISE choice when looking for housing in the Philippines! Thanks for reading!