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Why a Rent-to-own Condo Is the Right Option for Young Professionals

August 12, 2016

Rent-to-own condos offer the best option for young professionals aspiring to become homeowners

With the rise of information technology and business process outsourcing (BPO) companies in the Philippines, more Filipinos have the chance to be part of the country’s ever growing workforce. Many international firms have set up their offices in Metro Manila over the last few years, making the office segment of the property market the most in-demand. Many companies, especially BPOs, are quite flexible when it comes to minimum requirements of their new hires, employing even non-college graduates, which contributed to the spike of employed Filipino workers.

Property developers have taken advantage of the developments in the job market. They have aggressively built numerous leasable office spaces, as well as residential towers that are mostly located in business districts. Due to their prime locations, these condo high-rises are some of the most sought-after properties by the working force, especially the young urban professionals.

Also known as yuppies, young urban professionals are the ideal investor for a condo unit. They have relatively fewer financial responsibilities, they have the energy to accept more work, and they have all the years ahead of them to pay for and enjoy the condo unit. An easy way for yuppies to become property owners is to opt for a rent-to-own unit.

Why Rent-to-own?
A rent-to-own unit is a wise choice because it has the advantages of renting and owning a property at the same time. This property option is a great way for yuppies to be an accomplished adult without having to pay a huge chunk of money in one go. As a future investment, they can live the life they want to have in the confines of a comfortable condo unit after a long day’s work as soon as possible. They can easily “buy” a unit and use it while paying for it monthly. It won’t be too hard on their pocket while they enjoy the pleasure of being a condo owner as a reward to their hard work.

Condos Are Suitable to Their Lifestyle
Today’s yuppies usually lead an active lifestyle. They work hard yet they don’t miss out on having fun. They give attention to their social life by meeting loved ones and friends, or they can enjoy their time alone. Either way, condos are perfect venues. With amenities like barbeque areas, they can always find a place to relax and hang out. Some condos go beyond the usual by offering amenities not normally found elsewhere, like swimming pool and jogging paths, among many others, while others also offer business centers exclusive to residents. These centers are equipped with office machines and gadgets to help them with their work.

Live Close to Work
As condos are usually located in business districts and prime areas, they offer an easier and more convenient way of working for yuppies. Working close to home is a big deal. There is no need to go through long hours of commute, wasting precious time that could’ve been spent on important things like spending time with loved ones, working on a freelance job, or simply just relaxing and recharging at home. A well-located condo also reduces the risk of being exposed to the dangers of the road for too long, or worse, battling through flood and traffic after a heavy rain.

Be Healthy
Nowadays, more and more yuppies are starting to be more health-conscious. In the midst of their active lifestyle, they can do their fitness regimen conveniently in their condo’s fitness circuit, such as jogging trails and swimming pool without any additional fees.

Investment for the Future
A condo unit is one of the best real-estate investment that a yuppie can have. Owning a unit brings bragging rights and more. He gains a living space for himself and possibly, for his spouse in the near future. It is an ideal living space for yuppies who would want to settle down, as a condo is low maintenance and is easy to design according to the couple’s taste. If in the future they decide to live in a bigger home, they can always turn their unit into a rental pad to give them another source of income.

Condos, such as Tribeca Private Residences by Landco, can help yuppies have all these and more. Located along East Service Road in Sucat, Muntinlupa, Tribeca offers first-class amenities to their residents like the multi-activity aqua park that features the pool, and the central park, a three-hectare leisure area that contains a football field, fitness circuit, and a huge playground for the kids and the kids-at-heart.

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Condo units at Tribeca are ready for occupancy (RFO), which means would-be homeowners can move in anytime. As an added perk, the buyers can avail themselves of the developer’s rent-to-own option, which means buyers can already move into their unit and pay monthly amortization, as though they are renting, when in fact they are gradually paying for a property that will eventually become their own.

To know more about Tribeca Private Residences’ rent-to-own schemes, you can contact (+632) 836 5000 or (+63918) 836 5000 or send an email at info@landco.ph.

This article was sponsored by Landco.

Tribeca Private Residences has set a new standard for condominium living in the South, providing a leisure and resort setting for today’s urbanites. This first-class property boasts of a 1800-square meter Aqua Park, three-hectare Central Park with open and active spaces, and Clubhouse. Located along the South Luzon Expressway in Muntinlupa, Tribeca Private Residences is conveniently located near the Makati and Alabang CBDs, private schools, hospitals, shopping malls, and airports. This is one of the creations of the real-estate developer Landco Pacific Corp., who develops leisure communities, resort-inspired condominiums, and luxury home communities. As the purveyor of resort living experiences for 25 years, the company has consistently pioneered innovative and outstanding lifestyle products that revolutionize the way people live.

Main image via Shutterstock

This article also appeared in Lamudi Philippines.

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