Buying a ready-for-occupancy or RFO condo unit does not just mean you are bringing out a large sum of money. Buying and investing in RFO condo units for sale has advantages more than you can imagine as a condo buyer.
RFO or ready for occupancy condos for sale are very much at an average priced higher compared to its pre selling condo unit for sale counterparts. This is often true as you get to see and live the condo unit having been completed already.
Eventually, if you are still on the lookout for whether an RFO condo unit is just the right property investment for you, this article will help you out in determining the most appropriate decision before buying a condo unit for sale.
RFO Condo Unit is Completed
RFO condo units mean that the construction is already or close to its completion already. This initially means that you get to see the whole structure before you. By essence, you will not opt to wait any longer just to see the actual unit compared to the condo offered during pre selling stages.
If you are eyeing a ready-for-occupancy condo unit then it is very fortunate that you can move in faster to that property. Some of these unit offerings are also delivered fully furnished or fully finished- so happens you can reimagine more clearly how you will want to design your whole condo interior.
Condo Unit is Open for Inspection
Looking out for the best condo for sale in the city could never be easier for pre selling condo but if you are on the specific lookout for RFO condo units; then this one can surely be fun.
Most RFO condo units for sale are available and open for viewing. It is one of the few advantages of selling out RFO condos since clients can be able to inspect firsthand the unit being offered.
During the visit, buyers can eventually see everything from the interior, colors, provisions, actual size, windows, room cuts, doors, everything inside the unit, and more importantly the overall quality of the materials used in the condo. On this matter, buyers can easily decide whether the condo is up for the taking.
Most importantly, buyers can easily weigh their options, if the condo unit matches their standards of a condo investment.
Move-in Faster to a Ready-for-Occupancy Condo
Once everything is settled from the payment to the required papers, you can easily move into an RFO condo unit. Having to move in faster than buying a pre selling condo unit is one of the best advantages you can enjoy once you buy an RFO condo.
If there is a sense of urgency in moving into a specific area then an RFO condo might just be an ideal investment for an investor. Especially for those emigrating families, professionals, students, or foreign workers.
Discounted Ready-for-Occupancy Condo Price
Just when you thought that you can only get the best deals from pre selling condo units for sale but even RFO condo sets its discounts.
Occasionally, developers or brokers post discounts in a limited amount of time especially during large events or occasions. Meanwhile, the most common circumstance that brokers give off these huge discounts is when a property is on a rush sale.
Flexible Payment Terms
Given that some RFO condo units for sale offer discounted prices, it is also to take notice that some of these condo properties also offer flexible payment terms. At special events, developers give off special financing terms as part of their promo.
In addition, some developers also offer rent-to-own and as well as lease-to-buy financing options when it comes to the RFO condo units for sale.
Utility Services are Present
If you are eyeing to buy a ready-for-occupancy condo from a previous buyer or a unit that was previously occupied then having the water, light, and other standard utilities would not be a problem anymore. It would only take a change of name for the enrolled application from the utility providers.
Meanwhile, for purchasing a brand new RFO condo, some developers have already cut down the process from the enrollment of these utilities through housing their own property management offices inside the condo or subdivision. Having a property management office will reduce the hassle for the buyers especially during utilities application or enrollment.
Amenities are Ready
Another reason to take advantage of buying an RFO condo for sale is the reason that you can readily enjoy a good dip in a pool, work-out and hit the gym, throw exclusive gatherings in a community hall, shop groceries within a stone-throw away, and many more activities you can do inside the amenities of an RFO condo community.
Becoming an RFO condo buyer will let you enjoy those things upon moving into your condo unit. You as a buyer should also consider how well these types of amenities present in an RFO condo community as to how premium an amenity is the more sellable it is
Business Ready Investment
If you are specifically a condo investor who wishes to earn an immediate return on investment or ROI, then buying a ready-for-occupancy condo unit for sale is certainly the answer for such a need. Since you are buying a complete condo unit then you can opt to immediately flip it and re-sell or make up its interior and lease it out for passive income.
Before considering this investment, you may also have to study the location of the property. If the condo is located in highly centralized areas or inside central business districts then its feasibility to acquire renters or second-home buyers is greater compared to sub-urban condo locations.
Meanwhile, the property also projects higher investment value appreciation. (READ: How to Earn Passive Income from your Condo)
Prepared to Invest a Ready-for-Occupancy Condo?
If you are good as ready to invest and look for an ideal ready-for-occupancy condo for sale in the Philippines, then better look at a developer who can hand you all the advantages you can get for buying an RFO condo.
Good thing that the Philippines’ leading integrated property developer has introduced its newest brand of mid rise condo developments located in the country’s most thriving metro cities across Luzon, Visayas, and Mindanao.
Vistaland and Lifescapes Inc. take pride in its mid rise condo development, Camella Manors, offering affordable, high-quality, and exclusive condo spaces located strategically in Lipa, Caloocan, Puerto Princesa, Bacolod, Butuan, and Davao.
Camella Manors is currently offering its RFO condo projects for sale in Bacolod, Puerto Princesa, and Davao with various investment sizes from studio to 4-bedroom units. If you wish to move and own pieces of these cities better check our inquiry form to ask for a quote.
Pre selling condo is also open for discussion in the chat box or through the above inquiry form.