Get a taste of condo living with DMCI Homes’ rent-to-own program

Have you ever wondered if condominium living is for you?  

There’s a lot to consider before committing to a condo unit purchase. It’s a question of compatibility of lifestyle, location, and price. After all, acquiring a property entails a big investment. 

Luckily, DMCI Homes’ HomeReady™ program gives potential buyers a budget-friendly option for those looking to invest in a condominium unit.  

The HomeReady™ program offers a rent-to-own option for individuals and families who are considering investing in a real estate. Under the program, prospective homebuyers can live in that unit as renters first, with an option to buy the property at a later time. A portion of the rent they paid will then be considered as initial payments for the total property price.  

Simulate condo living 

Over 700 units across DMCI Homes properties nationwide form part of the HomeReady™ program, giving future homeowners the chance to explore which property and location is best suited for them. 

This includes 57 properties within Metro Manila and in the provinces of Cavite and Davao for renters to choose from. Units at Kai Garden Residences in Mandaluyong; Prisma Residences and Satori Residences in Pasig; The Atherton and Calathea Place in Parañaque; and Verdon Parc in Davao City are among the units open to a rent-to-own arrangement.  

Renting a unit under the HomeReady™ program allows prospective buyers to really experience life as a condo dweller, which will help them answer questions like: Is the location convenient for work and school? Do I need a bigger space or more bedrooms? Can I raise a family or my pets here?  

Often, finding the answers will take longer than a weekend staycation to discover. 

Before the end of the lease contract, renters will be given an option to buy the property where they are currently living in. By then, they will have a clearer idea of whether condo living is suited to your lifestyle.  

If they do make the decision to purchase the unit, HomeReady™ lessees face the convenience of no longer having to move their stuff out of one property and into another since they already call the space their home.  

No wasted rent 

DMCI Homes’ HomeReady™ program is an excellent way to make the most out of a renter’s monthly rental payments.  

Rather than keep shelling out cash to pay the landlord, at least 60% of the rental fees paid will be credited as part of the down payment to acquire a condo unit.  

There’s no pressure on the renters to commit to buy the unit right away, too. Tenants are under a lease-option agreement where they pay a monthly rent. Later on, they can choose to purchase the unit if they find the property to their liking. This way, there is greater flexibility for a renter.   

It’s a win-win situation: if the renter decides that their lifestyle isn’t compatible with that unit, they are not constrained to pay off a years-long mortgage that they signed too early. If they do find that they enjoy condo living, they can channel a big chunk of their past payments as their first investment for their new home. No money is wasted.  

Should residents decide to buy the unit, their rent under the HomeReady™ program will form part of the down payment that’s equivalent to the 10% of the unit’s contract price. The balance may be financed through a bank loan or in-house financing.  

The HomeReady™ program is the perfect way to be introduced to investing in real property. The program lets potential homebuyers test the waters before signing up for a big investment.  

DMCI Homes’ track record as a Quadruple A developer provides a deeper sense of comfort for those looking to buy a condominium property. With its wide selection of mid-rise and high-rise condominiums with modern décor and relaxing views, amenities for both leisure and productivity, and commitment to structural integrity, renters can easily upgrade as property owners.  

The HomeReady™ program is available for select units among DMCI Homes’ completed residential condominiums.  

To learn more about DMCI Homes’ HomeReady™ program, log on to www.dmcihomes.com or call (632) 5324-8888 or +63917-880-8800. News and other updates are also posted on the company's official social media accounts on Facebook, Twitter, Instagram, and YouTube.