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Buying vs renting property: which is right for you? | Lamudi

Did you know that only about 40 per cent of Filipinos own their own home? This figure, from consumer banking firm Citibank, is one of the lowest in the Asia-Pacific region.<br><br>But with the price of rent increasing, buying property outright may make better financial sense. So how do you decide between buying vs renting?: https://www.lamudi.com.ph/journal/buying-versus-renting-property-deciding-which-is-right-for-you/<br><br>Link to journal/webpage: https://www.lamudi.com.ph/journal/buying-versus-renting-property-deciding-which-is-right-for-you/<br>

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Buying vs renting property: which is right for you? | Lamudi

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  1. BUYING VS RENTING PROPERTY WHICH IS RIGHT FOR YOU?

  2. BUYING VS RENTING PROPERTY: WHICH IS RIGHT FOR YOU? CONSIDER ALL THE COSTS Owning property comes with several additional fees and taxes that you need to take into account when deciding whether to buy – think closing costs, repairs, regular maintenance and interest on your mortgage.

  3. BUYING VS RENTING PROPERTY: WHICH IS RIGHT FOR YOU? USE THE PRICE-TO-RENT RATIO If your only concern is your budget, then there is a great measure for checking whether buying or renting makes more financial sense. Calculating the price-to-rent ratio is pretty simple: Step 1: Find two similar properties, one available to buy and one to rent. Step 2: Divide the price of the property for sale by the annual rent for the second property. This is the P/R ratio.

  4. BUYING VS RENTING PROPERTY: WHICH IS RIGHT FOR YOU? THINK ABOUT YOUR LIFESTYLE Renters can often afford to live in urban areas close to work and other amenities, while buyers are sometimes forced to choose a home further afield. And if you don’t like an area, it is also much easier to leave.

  5. BUYING VS RENTING PROPERTY WHICH IS RIGHT FOR YOU? For more information, you may read the article at article at Buying vs renting property: which is right for you? is right for you? For more information, you may read the Buying vs renting property: which Lamudi.com.ph Lamudi.com.ph is the leading real estate platform in the Philippines. We offer sellers, buyers, and renters a secure and easy-to-use platform to find or list properties online. properties online. is the leading real estate platform in the Philippines. We offer sellers, buyers, and renters a secure and easy-to-use platform to find or list

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