A Condo is an ideal investment for OFWs
Real estate is one of the ideal investment instruments of OFWs. Buying properties like condominiums can also help you create a reliable source of passive income. It is likewise having a concrete token of your hard work.
As an OFW, you’ll definitely want to enjoy the fruits of your labor as you retire. Moreover, there is this natural urge to make up for the lost time with your family by celebrating milestones together. What better way to reward yourself than by having a dream home? After all those years of sacrifices abroad, your home will be something that you can proudly call your own.
Below are some of the reasons why condos are an ideal investment for OFWs:
1. Passive Income Streams
Many of our countrymen travel halfway across the world. Primarily, their objective is to lift their families out of poverty and give them a comfortable life. Overseas Filipino Worker Heroes withstand separation from their loved ones. Homesickness in a foreign land is always a challenge for OFWs. They keep fighting the battle alone just to earn a higher salary and provide for their kin’s financial needs.
Purchasing a property in a prime location has a great potential for rental income. Therefore, it is advantageous for OFWs who want to generate passive income. Even while they’re miles away, they can earn well, especially if the developer offers leasing services. Demand for rentals are on the rise again particularly in business districts and urban centers. If you already have a home, owning a tangible asset like a condominium can help you grow your money. Some of the ways include renting it out to students, starting families, and young professionals. In this way, you can have an extra retirement fund or a steady cash flow for your family. Then, you can advertise your condo to tenants who are looking for long-term lease. In addition, you can list your unit on vacation rental company Airbnb that caters to tourists and business travelers.
2. Strategic Location
Location is a big factor that you must consider when buying a real estate property. It should be a priority whether you’re looking to rent it out or live in it. Since condominiums are often located near significant institutions and infrastructures, they can be an ideal investment for OFWs. It is important for residents to have access to their essential needs. It provides comfort living near commercial spaces, major roads, highways, and areas that can be reached through public transport.
The value of condos in key locations are known to appreciate over time. Moreover, it will benefit you if you decide to resell your property in the future. If you want to own a condo unit away from the hustle and bustle of Metro Manila, you can check out your options outside the NCR in places that have promising developments like Palawan, Batangas, Bulacan, Davao, and Bacolod. You can also consider investing in a city where tourism is booming.
3. Resort-themed Amenities
Some people prefer to buy a condo instead of a house and lot because they can enjoy the perks of having access to its luxurious lifestyle amenities like the gym, swimming pool, play park, and clubhouse without an added cost. It is also perfect for OFWs who want to relax, unwind, and take time for self-care in a safe and secured community. A resort-themed condo in the Philippines is an ideal vacation home for your family, where you all can leisurely use the amenities like those in posh hotels. The shared spaces and recreational facilities in a condo village can also make OFWs like you feel a sense of belongingness as you meet and socialize with your neighbors.
Buying a condo is generally more practical compared to buying a house and lot situated in key locations like central business districts. It is a more practical option for OFWs who want to live in the city because condos occupy a smaller space than houses yet they include many lifestyle perks like using functional amenities such as swimming pools, clubhouses, and gyms. You will also have access to standard facilities and utilities, lower maintenance cost, and a secured neighborhood. Aside from the lower rates, pay attention to the quality of the real estate property you are buying and research about its trusted developer. Don’t just go for the one with the cheapest price; make sure that you are getting the value for your money.
5. Own Dream Home
OFWs deserve to retire in a comfortable and beautiful home with their families after several years of living alone abroad. It’s so fulfilling to have a permanent residence or a holiday home where you can make new memories and celebrate special occasions with your loved ones without worrying about paying rent. Having your own unit also gives you the freedom to decorate the interiors based on your style. Condo living fits your lifestyle needs as almost everything is within reach, even commercial strips and leisure hubs for your convenience. It is a comfortable and safe space with 24/7 security for your peace of mind. A condo can also be a great legacy gift for your children – something that you can pass down to them, giving you an assurance that they will always have a safe place to live in no matter what happens.
Camella Manors is an ideal investment for OFWs
Make your dream island life a reality by owning a home in Palawan, a tropical paradise brimming with natural attractions that will take your breath away – from the powdery white sand beaches, mysterious lagoons, and underwater splendor.
Camella Manors Verdant, a ready for occupancy condo in Palawan, is an ideal choice if you’re looking for a nice mix of island and city life. It is the newest affordable mid-rise condominium developed by Vista Land which is strategically located along Gabinete Road, Brgy. Bancao-Bancao, Puerto Princesa City.
The lifestyle amenities of this resort-themed condo in the Philippines include the following: swimming pool, kiddie pool, fitness gym, club house, play park, and commercial area. The Verdant also has security features like CCTV cameras 24/7 and electric perimeter fence for the condo dwellers’ safety and peace of mind.
The 5,075-sq.m. condo project features two residential towers with seven storeys each. This RFO condo in Palawan houses a total of 532 units for both buildings. Each building has studio or 1-bedroom and 2-bedroom units. A postcard-worthy view of the island can be seen from the balcony.
Invest in the Best Island of the World
The Verdant, the first condominium village in Palawan, is only 10 minutes away from the Puerto Princesa International Airport and the Port of Puerto Princesa. Beaches, hospitals, schools, malls, lifestyle centers, and other major locations are within reach. The ongoing infrastructure developments in the area will possibly increase business and commercial engagements in the city.
Puerto Princesa City is the gateway to other holiday destinations like El Nido and Coron. Explore what it has to offer while enjoying your condo living perks, as well as having access to the commercial, business, and education hubs in the city.