STOP RENTING! Make the move to home ownership.

By Rhea-Simone Auguste

© Moon Light Rental Ltd.

Inflation and the high price of properties in popular areas have led to a mass dependence on rent. Many young people think they cannot afford a place of their own so they opt to pay rent for years. The average 2 bedroom apartment along the East/West corridor costs approximately $3000 per month. That quickly turns into $36,000 a year and in five years, you would have spent close to $180,000 on SOMEONE ELSE’S PROPERTY.

So, here’s the big question – how do you break the cycle of rent dependence and move to home ownership? It’s simple if you take things in small steps.

  1. Your down payment. To own a property, you must have the down payment and that means having at least 10% of the cost of the property you are interested in having. If you currently have a savings account and you are gainfully employed, I would recommend visiting your bank of choice to do a pre-qualification for mortgage. Your bankers would let you know how much you qualify for right now based on your savings and income.
  2. Start looking or let Moon Light Rental Ltd. do the looking for you. Looking at information in the classifed’s section of a newspaper is a great way to find properties but finding the time to do viewings repeatedly can be tedious. What we do is, we take your information and we scour the market – networking with other agents and collecting photographs to give you online viewings and our personal, honest opinion on properties. Trust me, if we see a house with termites in the roof or is in a flood-prone area – We will tell you because that’s just the Moon Light way of doing business. We love it when the right buyer finds the perfect space to call home.
  3. Consider building instead of buying pre-built. Here’s the thing, you can get land at a reasonable price and build in parts. Start with what your immediate needs are – a bedroom, kitchen, bathroom and living room and then add bedrooms as you go along. This allows you to be flexible and you have more say in what your final product should look like. Plus – the added benefit to building your home is the value of your property will likely increase when you’ve finished building. Don’t be intimidated by building – embrace it and have fun picking your tiles, your fixtures and your paints. It’s a wonderful personal project to get involved in.

Home ownership is closer than you think. For more guidance tips and information, call Moon Light Rental Ltd now 221-8550 and let us take you from renter to owner this year.

74 thoughts on “STOP RENTING! Make the move to home ownership.

  1. Myrnelle Acco

    Am presently searching for a home to buy but from judging what i see advertised is a bit disheartening.We are pre qualified for $450’000 but what am seeing is way out our price range.I would appreciate any assistance you can gve to us.

  2. K. AULD

    The market in Trinidad is so unrealistic for average working people. we are qualified for $500,000.00, but from searching the market over the last year its impossible to get something of that value. This is utter frustration.

  3. Mrz.P

    I have been pre-qualified for $750k but no where in Trinidad there’s houses worth that price… I viewed a few place for $950k – 1mil and the places were so small that I could not invest in them…. Many of us are hard working persons who are willing to sacrifice spending $4-5K month on a mortgage but spending that on rent is dead money….. How are we suppose to get our own if we cant even afford it according the lending companies???

  4. Lisa

    Hi, I would like to find either a rent-to-own property (max 4000pm) or land to build my own home. Please contact me if you have anything available.

  5. M.J.

    Hi I am in agreement with all comments and efforts made to acquire a home without the help of HDC. We all know that renting is useless so please direct me to a place where 400K to 800k would give me a home for my family.

  6. Andrew Branche

    the views expressed above are very similar to mines, It would be great if the government did something about the inflated rate at which houses are sold and the exorbitant/ridiculous prices landlords are now charging

  7. Seymone

    We are looking for a rent to own or even land to start building can anybody help us out with this were a small family of three and we’re looking for a 3 bed in the east west corridor.

  8. Sigrid

    Hi I would like to find out information on the rent. I tried calling but no answer. Please contact me at 466-2866 if you can. Thanks.

    1. Basil Post author

      Hi Singrid, you can send a request on the page of the property you are interested in, the request will go directly to the agent responsible for the listing you select. Be sure to fill in your email, phone and other areas when submitting!

      …and you can feel free to contact us again if you have any other queries.
      The Real Spaces Team!

  9. Kathy Mathura

    Can you please assist me in finding a rent-to-own home. Iam 29 years of age and trying to find a home that i can afford to pay

  10. cindy

    hi I am looking for a rent to own home for 300,000.00 to 500,000.00 in south trinidad please can you help me.

  11. Pamela

    Oh my god I cannot believe it . I thought I was the only person looking for property and only to realise it is so hard to get aa lot of land for 250k in this small country call Trinidad. We are going through a financial crsis in this country where everybody have to cut back because of the careless spending of this current government and people have to pay for this I cannot believe it . Who can really afford these prices it is only the rich and the famous who can. In america you can still by a piece of land when the country is going through a financial crisis . Lord help us .

  12. Aleisha

    Hello

    Your article was very insightful.
    I am looking at a home for 400k,or land for 120k. I am also very interested in the rent to own option, since property is soooo expensive, wow.
    I am 21, working full time, and an evening student. I am very determined to acquire my own space. I will greatly appreciate your help.

  13. Tessa Quashie

    I’m looking for a rent to own I can pay between $3000-$4000 per month. I currently have until June to move from where I am because the owner sold the property and I’m looking for a place in south to rent but the prices are so ridiculously high for the kind of places people have on the market for rent that’s not worth it. Any help will b weLloyd appreciated

  14. Trisha

    Hi I am looking for a rent-own home in the area of St. Augustine, Trinicty and environs or maybe in the curepe area.I can pay like $1500-2000 per month. I am a student and got a family. I will like it if I can get a two storey if that is possible. Thanks very much

  15. khadin

    Hello…. My husband and I are looking for house under the rent to own cat…. all your help will be greatly appreciated. WE ARE TIRED OF RENTING, ITS DEAD MONEY!…

  16. marsha

    Hi, Im looking for a rent to own or something to purchase around trincity. Qualified for 700k but cant find anything on the market. Need help. Urgent

  17. Sharon baksh

    I am looking for a rent to own house my qualifying amount is $500,000 i am a single mother of an 2year old girl trying to make a future for her…..ĺ

  18. Alicia

    If you are the average middle class person in this country, home ownership seems nearly impossible. My husband and I have been searching for 12 years now and have not been able to find anything we can afford that is livable. If you can help that would be great. We are looking for a home in North-West Trinidad preferably St. Ann’s/ Cascade.
    Looking forward to hearing from you. Blessings.

  19. Adrian

    Good Day,

    I agree with what everyone is saying in the above comments, it is extremely hard to get anything for 500-800k. Rent money is really dead money, I need a place urgently. Dont have 10% of what I would like to have but I have a good stable job

    1. rikki persad

      Hi good morning my family and I are looking for a place to rent as soon as possible please but we really prefer a rent to own house please my contact no is 750-8329

  20. Kevon Henry

    Interested in the rent to own options available in the East West corridor. Any assistance would be appreciated.

  21. Alicia Williams

    Good evening, I am very interested in getting a house that I can rent to own. I have been renting for most of my life and I’I’m tired of it.

    It’s time for me to stop getting other people rich.

    Looking forward to hearing from you soon.

  22. Adanna

    I have a budget of 1.2 million which my max and i have been finding difficulty to find a reasonable place in that price range. Can you help?

  23. Ms. Alicia

    Hi. I am interested in the rent to won option in central. I have heard of many horror stories whic have prevented me from seeking such options but as some have mentioned above, renting is dead money, even my landlord told me this….Please help…….

  24. Jayah

    Hi my husband and I a looking for a rent to own home around $450.000 rent to own.We have five children are we really need a house of our own .

  25. Nicholette

    Hi good morning,

    I am looking for a rent to own home in the southern (not after the creek though) area, willing to pay $2500-$3000 (maybe more)per month.

    I already have a 10% saved of the cost of the property in the price range I think I can afford. Already spoke to the bank but they did not tell me how much i would qualify for. These property owners need to revise their selling prices because it is ridiculous, the properties are not worth what they are priced at.

    1. Debbie

      Hi Nicholette,

      It’s so great that you are already saving toward securing your own home. Although we are not aware of any rent-to-own properties that may be available, we encourage you to contact a mortgage institution like the TTMF to speak with an agent about what options you may have that are within your budget.

      All the best with your property search!

      Best wishes,
      Real Spaces Team

    1. Debbie

      Hi Darill,

      We are not aware of any rent-to-own properties that may be available, but we encourage you to contact lending and mortgage institutions like the TTMF to speak with an agent about what options you may have that are within your budget.

      All the best with your property search!

      Best wishes,
      Real Spaces Team

  26. Neela

    Can you please let me know if there are any rent to own properties available in the West prefereably in Petit Valley or Diego Martin

    thanks

    1. Debbie

      Hi Natalie,

      We are not aware of any rent-to-own properties that may be available, but we encourage you to contact lending and mortgage institutions like the TTMF to speak with an agent about what options you may have that are within your budget.

      All the best with your property search!

      Best wishes,
      Real Spaces Team

    1. Debbie

      Hi Isha,

      With your budget, we suggest that you seek a mortgage on a home instead. We encourage you to contact lending and mortgage institutions like the TTMF to speak with an agent about what options you may have that are within your budget. They can better guide you on what is available, interest rates and the incredible benefits of securing a mortgage on a home.

      All the best with your property search!

      Best wishes,
      Real Spaces Team

  27. Donna

    Hi I am looking for a lot of land any way around $150.000 to $200.000 with a payment plan please help me out thanks

    1. Debbie

      Hi Donna,

      Please enter in the details of the land (size, location etc) that you’re looking for into our website’s search engine. Once you find something that suits your needs, you can contact the real estate agent responsible for the listing to discuss/negotiate payment options.

      All the best with your property search!

      Best regards,
      Real Spaces Team

  28. Andrea

    Desperately looking for a rent to own…..living without water and electricity……have a good job, a single parent and extremely desperate.

  29. Karlene singh

    Hi am a family of 4 an lookin for a 3 bedroom home in marval or deigo martin area either to rent or rent to own can u help me contact # 333-6507 thank u

    1. Debbie

      Hi Karlene,

      Please enter the the details of what you’re looking for into our website’s search engine, and once you find a property that suits your needs, you can contact the agent responsible for the listing directly. That agent can guide you on further details of the property and can arrange a viewing for you.

      We are not aware of any rent-to-own properties that may be available, but we encourage you to contact lending and mortgage institutions like the TTMF to speak with an agent about what options you may have that are within your budget.

      All the best with your property search!

      Best wishes,
      Real Spaces Team

  30. Leah Maharaj

    Hi, my family is interested in a rent to own, land or a pre-built. We would appreciate any assistance. In the areas frombLa Horquetta to Kelly village, to Mt. Hope.

  31. Merlinda

    Hi iam looking for a rent to own in the area Belmont woodbrook or bataria area some thing not go extensiveg

    1. Kerri

      Hi Merlinda,

      I will have a unit available for rent to own within 3 to 4 months in Belmont.

      Please leave comment if you are still home hunting.

    1. Debbie

      Hi Clarissa,

      We are not aware of any rent-to-own properties that may be available, but we encourage you to contact lending and mortgage institutions like the TTMF to speak with an agent about what options you may have that are within your budget.

      All the best with your property search!

      Best wishes,
      Real Spaces Team

    1. Debbie

      Hi Narindra,

      We are not aware of any rent-to-own properties that may be available, but we encourage you to contact lending and mortgage institutions like the TTMF to speak with an agent about what options you may have that are within your budget.

      All the best with your property search!

      Best wishes,
      Real Spaces Team

  32. Jasinda Lee Hing

    Hi I Ann looking for a rent to own option preferably in petit valley / Diego Martin / west Trinidad. Any assistance?

    Jasinda.

  33. Afiya Gurley

    Hi my name is Afiya I am currently renting I have a one year only son. I would like to rent to own and stop paying for what’s not gonna be mines could please get some assistance

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