Rent with option to buy, another option to build an equity
Centro Urbano | September 09, 2021 |

Renting a home is an option that divides the opinions of Mexicans. On the one hand, it is considered a modality that offers greater flexibility; and on the other hand, it is synonymous with throwing money away, while buying a house or apartment is the only option to build wealth.

Although the decision to rent or buy a house depends on factors such as lifestyle, future plans and budget, today there is an alternative that allows you to rent and buy at the same time; that is, tenants can become homeowners.

The rent-to-own scheme consists of a sales method that allows clients to pay 10% of the down payment upon signing the contract and another 6% deferred over 12 months, as if it were an income.

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“This modality allows you to inhabit the apartment and enjoy all the comforts from the first day. Simply put, you move in from day one and deeds in month 13; after having lived in the department for a year ”, indicated Mauricio Azcué Pederzoli, director of New Businesses at JLL.

According to experts, this rent-to-own trend is aimed at pet friendly communities; starter families, made up mainly of millennials; Nido Vacío, or couples of older adults who seek to acquire an apartment after the sale of their house because the children left the home; and investors who seek to acquire a property to later put it up for rent.

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One of the few projects in Mexico that has implemented this model as a new way of selling properties is We Santa Fe, in CDMX.

The development allows its clients to set a market sale price and generate additional capital gains upon delivery; save the mortgage interest of the first year of occupation: pay 100% of the income to the patrimony; buy time to sell a property or process a mortgage loan; as well as postponing deed expenses until month 13, among other benefits.

In addition, it allows you to enjoy various amenities such as cafeterias, terraces, coworking space, children's games, bookstores, gym, pool, sauna and massage room; as well as a wide range of tools, appliances, bicycles, among others.

You can check in Solili apartments available in Bosques de las Lomas and Polanco

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