Overseas Filipino workers (OFWs) are often at a lost on whether to invest their in pre-selling properties.
It is difficult to choose what kind of property is worth our hard-earned money. For yuppies, condo units are the most ideal because of accessibility; for families whether big or small, a house and lot is realistically preferable. These days, the rise of the demand for pre-selling homes is remarkable. Homeseekers now opt for the not-yet-tangible-but-soon-will-be properties, said Hoppler.com, a real property portal.
It also noted that while it is never easy for OFWs to spend considerable amount of money earned through hardwork, “we can never reject the fact that for people who work abroad, having a home in their own country is one of the most encouraging things. The popularity of pre-selling properties in the real estate industry is a way for OFWs to have a permanent residence.”
Hopple offers these 5 reasons why OFWs should invest in pre-selling homes:
1. Affordable
Pre-selling units are more affordable compared to the regular ready-for-occupancy homes. OFWs can save money because of the low introductory price. Pre-selling properties are usually 30 to 50% cheaper than a finished one. Developers even offer discounts, a reduced down payment rate, and flexible payment schemes. Whether it is a townhouse or a condo unit, OFWs will find it easier to fulfill the payment because of affordability.
2. Appreciation of value
What comes after affordable pre-selling units is property value appreciation, meaning the price tag goes up over time. More so, when the community where it belongs to prospers and becomes more developed, its value will further increase, hoppler.com said. It also cautioned that OFWs should seriously consider the location for it significantly plays a role when it comes to the worth of a property.
3. Potential income-generator
OFWs can potentially generate income even when they are not in the country once the property is already finished. They can opt to rent it out. That way, there would be a constant source of income that would help them save more money.
4. Security
A sense of security is felt by OFWs when they buy a property. Pre-selling homes also give that feeling of anticipation because of the waiting period that is always worth it. Gone are the days when it takes a lot of effort just to find the home that would best cater to the needs of homeseekers. Nowadays, everyone can just access the internet and search for homes or even ask real estate professionals. Pre-selling properties can provide that feeling of assurance and anticipation to OFWs anytime.
5. Personal satisfaction
Another advantage in buying a pre-selling property is that doing so usually gives everyone a fair chance to choose their ideal location, said the portal. For a pre-selling condominium unit, OFWs can select which floor they prefer. But more than the luxury of choosing the best spot, they can take advantage of premium amenities that make the purchase of the property, even more, worth it. They can pick a unit that is strategically located nearby the pool area and playground, or the topmost floor to have the best view of the neighborhood. When they transfer, they can finally enjoy a relaxed lifestyle after years of hard work.
“OFWs and pre-selling properties match perfectly. The important thing that they need to find out now is where the ideal location for their investment is,” said Hoppler.com.
It’s back! The longest-running, most trusted and biggest Philippine investment event in the Middle East region, Philippine Property and Investment Exhibition (PPIE), which has helped thousands of OFWs own their very own home, will be held on April 26-27 at the JW Marriott, Deira, Dubai to reach your aspired home. Like @ppieuae on facebook to get tips and alerts on unbeatable deals.
