Buying a home is a huge commitment and one of the biggest dreams of OFWs, especially if this would be their first time to own one. Unlike buying simple gifts, gadgets, or even vehicles – a property would most likely be the largest purchase decision for any individual.
Online property website Lamudi shares how OFWs can balance both quality and affordability with three R’s that will guide OFWs in their plans to own the home that they’ve been dreaming of.
Reputable and Reliable Developers
First on the list is working only with developers who already have a proven track record of not just building homes but establishing an engaging community as well. Developers such as Greenfield Development Corporation, DMCI Homes, Sta Lucia Land Inc., SMDC, Moldex Realty Inc., Ayala Land, ItalPinas Development Corporation, and Robinsons Land Corporation have created a good reputation amongst purchasers from their years of experience.
Research, Research, Research
The neighborhood and general area where the development is situated, the quality of the amenities and common areas if it happens to be a condominium or subdivision, and accessibility to services like hospitals and schools are just some factors that dictate a property’s livability, and if it is indeed worth the investment. Realty brokers such as Green Circle Realty Sales Inc can help you in your research as they guide you to select properties worth investing at.
Representative you can trust or Return home
No matter how much research is done, OFWs still have to make it a point to return home and visit the property themselves before signing on for purchase.
In the event that coming home is not possible, then a reliable representative must be tasked with scrutinizing the properties for potential purchase. The OFW can nominate a legal representative by granting a Special Power of Attorney (a legal document especially drafted and notarized by a lawyer) to help him or her process the documents locally.
