Overseas Filipino workers (OFWs) often take on the role of ensuring the family’s financial stability. But remittances aren’t the only way you can secure your family’s finances as an OFW. Investing in ready-for-occupancy (RFO) properties is a popular method many OFWs follow to diversify income streams and increase wealth.
These real estate opportunities blend security, convenience, and profit potential in a livable property. After reading this article, you might want to consider investing in an RFO property of your own to boost your finances.
7 Reasons RFO Properties are Profitable Investments for OFWs
Whether you are investing in a condo for the first time or are already familiar with the process, an RFO unit can be an attractive asset in your portfolio. Here’s what it offers to you.
1. Immediate rental income
As the name suggests, you can move into an RFO unit almost immediately since it’s ready for occupancy. Should you choose to rent out your unit for a profit, the same immediacy applies – you can start earning from rental income as soon as a tenant moves in.
Renting out your RFO unit is a good way to diversify your income sources and start earning faster.
2. Capital appreciation
One of the many real estate terms you’ll encounter when you begin investing is appreciation. It refers to the increased value of your investment over time. Property appreciation occurs when the real estate location becomes more well-developed, with numerous establishments emerging nearby. This scenario makes your initial property investment much more attractive and, therefore, more valuable.
Experts forecast that Philippine real estate will grow in 2024 because of several factors. More foreign investors are open to investing in the country’s real estate sector. Improving economic conditions and greater interest among international stakeholders also make RFO properties an excellent investment for OFW families looking to build generational wealth.
3. Security
RFOs offer security in many ways. For one, there’s the security of your investment. Real estate can be a recession-proof investment, meaning you don’t have to worry about losing money during economic downturns.
Another form of security involves the safety of your and your family’s well-being. Property developers like Federal Land spare no expense in equipping condos with safety and security features, including 24/7 surveillance and strict access.
Likewise, RFO units offer mental and emotional security. Buying property in the Philippines means there’s a place for you and your family to call home wherever you are. For many OFWs, that is priceless.
4. Convenience and low maintenance
When buying a property, one of the chief concerns of any buyer is maintenance. With Federal Land’s RFO units, you can forget about the hassle of repairs and upkeep. Their dedicated property managers are there to tackle any concerns, leaving you with peace of mind.
5. Move-in ready
A top reason many OFWs invest in RFO units is that it’s already usable. If you intend to execute house hacking—a real estate investment strategy that involves renting out a portion of your property—you can have a comfortable place to stay when you visit home. The setup also gives you a source of income.
The fact that RFOs are move-in ready also means you can spare yourself the stress of managing renovations or furnishing the property. You can instantly focus on how to begin earning from the asset.
6. Resale potential
Because they are ready for occupancy and have a value that appreciates over time, RFO units have tremendous potential should you resell them. It’s best to invest in RFO units near business hubs, such as Paseo de Roces in Makati CBD by Federal Land.
7. Attractive amenities
Many RFO condo units also include immediate access to attractive amenities. Whether it’s a swimming pool, fitness center, or recreational space, lifestyle amenities enhance the property’s overall appeal, attract quality tenants, and potentially increase rental yields.
The same amenities make retiring in the Philippines even more comfortable since you don’t have to go far for leisure activities.
Invest in a Home Away from Home
As an OFW who continues to support your family, it’s in your best interest to find other sources of income. RFO condo units are a profitable investment for OFW families that lets you establish financial stability while you’re abroad.
These properties allow you to generate rental income much quicker than with pre-selling investments. Their values also appreciate well along with the economic and developmental improvements in surrounding areas. Since they’re low maintenance and secure, you don’t have to worry about the property while working far away from home.
If you’re ready to invest, consider RFO units from Federal Land. As one of the esteemed real estate developers in the country, we offer numerous attractive RFO properties to welcome you home, such as Palm Beach West in Pasay City. Meanwhile, The Capital Towers in Quezon City is a residential condo where life’s essentials are within your reach.
Explore the insights from our blog on how you can become a successful real estate investor. Send us a message today to get started.
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