Should You Rent An Apartment In Cabuyao, Laguna Or Buy A Condo Unit?

A lot of people like you are torn between renting an apartment in Cabuyao, Laguna or buying a condo unit, instead. Each of these two options actually have their own advantages and disadvantages. There is actually no right or wrong choice in this case. Instead, there are several factors that you need to consider in order to determine which option you should choose.

The first factor that you should consider is the length of your stay. If you want to permanently live in Cabuyao, Laguna, then, it will be more practical to buy a condominium unit since you will fully own the place after the purchase price has been fully paid. However, if you only plan to stay in the place for less than five years, then, you will be better off renting an apartment since you can easily relocate to another place without having to worry about leaving behind a property.

You also have to take the location into consideration. Most of the time, condominium buildings are located in prime areas, meaning, these places are fully developed. There are several amenities within the premises of the buildings that you will probably enjoy, such as swimming pools or gyms. On the other hand, you will mostly find apartments in residential suburban areas where security may or may not be present.

You should determine how much living space you will need for your residence in Cabuyao, Laguna. Nowadays, a condo unit only offers a limited amount of living as well as storage space. Some apartments offer bigger spaces. In this case, if you live alone, you can probably decide to buy a condo unit. However, if you need a bigger space for you and your family members, then, you should consider renting an apartment.

When it comes to costs, it is more costly to buy a condo unit because you will need to pay for your monthly mortgage, association dues, property tax, and costs for interior repairs, and others. If you rent an apartment, you only have to worry about your monthly rental fee. However, if the landlord decides to increase the rental rate, then, you do not have any choice but to pay it.