Are you considering a rent-to-own house and lot? I remember that it was back in 2005 when I, my wife and our less-then-one-year-old son moved in to the fourth residence we rented in our four years of marriage. It was during that time, when we moved in to a 3rd floor apartment in Comembo, Makati where we had to squeeze in our stuff like the dining table, sofa, bed, refrigerator and washing machine through a long and narrow passage way, that we seriously considered searching for homes for sale wherever possible.
I still have the vivid memory of me telling my wife, after helping the movers figure out how to bring our stuff up to our apartment and carrying them, “I hope the next time we move, we’ll be moving in to our own house.” Whether that was out of desperation after moving for the fourth time, a task that I have gotten used to growing up in my own family of origin, or out of real need, we started to seriously pray for a lot and a house that was for sale.
Two years after, in April 2007, all by God’s grace and favor, we moved in to our own house. It was not through Pag-ibig that we acquired our house even though that was the first consideration back then. I did go through the process of inquiring about how to apply for a Pag-ibig housing loan; attending a seminar and preparing the required documents. We also searched for rent-to-own houses, or affordable house and lots in the outskirts of Metro Manila but found none that would fit our budget. Money was a major consideration then since our son was less than a year old. But through God’s special plan and provision we were able to have our house built through a loan and are now half-way through our 14-year mortgage plan.
The good news is that many middle income families like us can now own a house and lot. The Lancaster New City Cavite, formerly known as Lancaster Estates, is the perfect option since their properties are available through Pag-ibig financing. You can choose from townhouses to single attached homes.
Alice House in Kensington Village
If budget limit is of great importance, you should consider the Alice townhouse model of Kensington Village, one of the many villages inside Lancaster New City in Cavite. This 3-bedroom townhouse located only 30-minutes from SM Mall of Asia/Makati via Cavite Expressway – Coastal Road and is available for as low as P 7,270.38 per month for 20 years after down payment term of one year which is very affordable especially if you are currently renting.
Available near Lancaster New City are amenities like their playground, clubhouse, activity center with a school and church nearby.
Lancaster New City Activity Center
Lancaster New City playground
St. Edward Integrated School
Lancaster New City Clubhouse