Why RFO Condos are Good Investments

RFO condos are good investments

Condo living is a popular choice among young professionals, starting families, investors, and OFW retirees due to all the lifestyle perks it entails, including the accessibility to main business and commercial districts, modern conveniences, and resort-style amenities. Others use their condominium units to generate passive income through rentals.

Practicality-wise, buying a pre-selling condo can be an enticing real estate investment because it is more affordable than a ready-for-occupancy unit. However, if you wish to enjoy the privileges of condo ownership or investment immediately and you have sufficient funds to buy a new home, an RFO condo is the perfect option for you.

For discerning homebuyers, here are some of the reasons why RFO condos are good investments.

No More Waiting —You can Move In Right Away

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If moving into a new home is an urgent thing for you, then an RFO unit is your best bet. Perhaps you need a place to stay near your new office or you’re planning to live here with your spouse after the wedding. It is also beneficial for those who can’t wait to relocate to the suburbs in order to escape the hustle and bustle of Metro Manila. When you buy an RFO condo, you don’t have to wait for years to occupy the space as you can transfer to your new home faster and easier after settling the necessary payments, signing important documents, and submitting other requirements.

Immediate Use of Lifestyle Amenities

An attractive feature that lures people to purchase a condo in the Philippines is the access to several lifestyle amenities, such as a swimming pool, gym, clubhouse, function hall, etc. With RFO condos, you can use these exclusive condo perks as soon as you move into your new home. There’s no need to pay a separate membership fee if you wish to work out in the gym. You don’t even have to go to a resort just to take a refreshing dip in the pool after a stressful workday or book an expensive events hall for your small gathering. The lovely amenities in your RFO condo are at your disposal.

Earning a Passive Income ASAP

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Need an extra source of income apart from your day job? As the unit is already completed, your RFO condo will also give you the opportunity to earn from the rentals instantly. Buying a condo unit is a great investment because it can be a steady source of passive income when you furnish it, advertise the property on websites like Airbnb, and rent it out to tenants. You can also choose to lease or sell the property. Condominiums have a great potential to appreciate in value over time, especially if they are situated in prime locations close to malls, schools, offices, hospitals, public transport, etc.

Flexible Payment Terms and Discounted Prices

Flexible payment schemes and huge discounts are also offered by some developers in both pre-selling and RFO condos. Be on the lookout for the best deals and promos that you can avail of, especially in special events, to make the most of your hard-earned money.

No Surprises — You can Thoroughly Inspect the Unit

Inside an RFO Condo Building of Northpoint
Inside an RFO Condo Building of Northpoint

If you invest in to RFO condos, you can immediately see the finished product for what it is and meticulously inspect the property firsthand for any flaws or issues. As they say, what you see is what you get. You can take note of the quality of the construction materials, design/aesthetics, size, condition, and other important features. You don’t have to wait for years to see the home that you are planning to buy, and you can even compare it with other properties you are eyeing. If it suits your standards, you can also move in right away. You may also have a general vibe of the neighborhood and see if it fits your lifestyle needs.

Invest in an RFO Condo in Davao City

Northpoint Davao Entrance
Northpoint Davao Entrance

Enjoy cosmopolitan living in the heart of trade, commerce, tourism, education, and finance in the Southern Philippines. Come home to Northpoint Davao, which is the first and only vertical pine community in Mindanao.

Northpoint Davao, a British-themed vertical pine community that features five residential towers surrounded by Caribbean pines imported from New Zealand, is an ideal ready-for-occupancy condo in the King City of the South.

This pine estate condo is a popular landmark strategically located in Davao City’s central business district along JP Laurel Avenue, Bajada. The 3-hectare condo village is embraced by lush pine trees that provides an average volume of 78,000 pounds of oxygen per year, giving the residents lots of fresh air. This property also has a solid bedrock foundation; its soil structure has a foundation resistant to a 7.2 magnitude earthquake.

Northpoint, an RFO condo in Davao, is just a 2-hour flight away from Manila and a 15-minute ride from Davao International Airport. Dubbed as a “10-minute community,” this condo for sale in the Philippines is where business hubs, places of worship, hospitals, universities, malls, and an upcoming commercial strip of its own are easily accessible.

The resort-themed condo also offers lifestyle amenities for the residents. Don’t hesitate to take a dip in the salinated pool, exercise in the fitness gym, or chill out in the clubhouse terrace. Sky courts, atriums, a playground for kids, a kiddie pool, and a function area are also available for you and your family. For your safety and peace of mind, 24/7 security is provided.

Your mornings in the “Crown Jewel of Mindanao” will surely be filled with stunning vistas of natural wonders and cityscapes. From the top floors, you can view the postcard-worthy backdrop of beautiful Samal Island.

You don’t have to leave Northpoint’s project area just to have an exquisite dining experience with your family. The White House Fusion Cuisine and Wine Lounge, an old heritage house turned restaurant that serves a variety of Asian-European fusion dishes, is almost at your doorstep.

Northpoint was also named as the Best Residential Development in Davao in the Philippine Property Awards 2016.

For reservations or inquiries about the property, click here to visit Camella’s official website.

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