Many Filipinos wants having a better life after their years of hard work. As for OFWs working away from their families, they need to survive one sacrifices to another – homesickness, loneliness, celebrating anniversaries and birthdays alone, losing out the chance to see how their families are doing. OFWs are considered modern-day heroes, and their heroine stunts must not go to waste. There are different ways to invest hard-earned money and watch it grow - bonds, stocks, businesses, mutual funds, and even insurances but the best one is OFW investment in real estate. As for real estate, Bria Homes, Inc. provides the best options for house and lot investment.
1. A Low-risk Investment
Ever since pandemic started, many Filipinos were strongly affected especially those with businesses and jobs. And the most affected ones are the Filipinos residing abroad for work, they got no choice but to go home empty-handed. This is one of the main reason why OFW investment must be one great choice for them.
Compared to some other types of investment, a real estate investment is less likely to be affected by a variety of crises. You can notice the trends on the market during the covid-19 pandemic alone. While there is a lower demand for house and lots for sale, there is a growing interest towards rental properties.
OFW investment in real estate is far way secured than cryptocurrencies, house and lot can never be affected by issues of hacking nor can’t be affected by viruses. Unlike bonds or stocks, company issues can never increase or decrease value of your real estate property. Real estate always appreciates its value with no personal effort. There may be times when the property value will go down but is very rare and in case something like that happen, rest assured that the value will recover,
2. Source of A Passive Income
OFWs may invest their hard earned money to put up a business. But businesses require due diligence in operating such business. One option to grow money without much effort is to have an OFW investment in real estate properties that are already ready for occupancy.
Since real estate appreciates its value over time, you can never go wrong with it. While OFWs are working abroad, they may have OFW Investment in real estate properties such as house and lots that are ready for occupancy. They may acquire it thru a financing with just 10-15% down payment or equity. They will get the key in just a few months because of the house status acquired – ready for occupancy. After getting the key, they may have it rented out. It is a side by side income because aside from the rental income , value appreciation is a double income that they can earn. After renting it out, it will also serve as their retirement home. After long years of hard work, they will go home for good with a smile on their faces looking at the fruit of their hard work saying “Finally!”.
And if you don’t have plans to live in it, you may sell it out after years of working with a much higher price. If you are also creative enough, you may sell it as well with a higher price instantly after you bought it.
3. Physical Characteristics and Control Over Asset
One of the edge of OFW investment in real estate from any other investments is its physical characteristics. Unlike other investments, ready for occupancy house and lots, lot alone, and condominiums are tangible and visible. You can see and touch those properties and you can also declare ownership over it. Real estate investments are issuing a certificate of title from the government written with your name and or your spouse. The description is also annotated in the title to verify the authenticity of your ownership.
Aside from its physical characteristic, one advantage of OFW investment in real estate properties is that you have control over it. Unlike any other investments, you can have the property improved, furnished, or simply leave it as it is. You can assign a caretaker to look over it and you can make it rented or leased if you want to enjoy a passive income. The good thing about real estate investment is you have control over whatever you’d like to do with your property as part of your rights as an investor.
4. Never Ending Value Appreciation of Real Estate
One of the main purpose of investment is to grow your financial capacity. OFW investment in real estate is the most probable way to grow it. Real estate is not considered liquid in nature. But still you can sell it anytime, anywhere at a higher price. OFW investment in real estate have the multi-income potential for your gain. Before, affordable house and lot units in San Pablo, Laguna were priced at half a million pesos. 2 years after, the price has doubled. In January 2021, town houses in San Pablo Laguna were priced at 1.2m and come up with a price of 2 million at the end of the year resulting to a .8m increase/gain in investment.
Value appreciation of real estate is continuous or never ending. Once a development is established in a subdivision, the value appreciation is rapid. Industrial, commercial, and residential growth is one of the important bases of property appraisal. Improvement or development in the area means an increase in the appraisal of property value. That is why developers increase their unit price for every milestone of their project.
5. Stabilization and Diversification of Investment Portfolio
Real estate is one of the best investment option, especially for OFWs working hard. For some, it is more valuable than cars, gold, bank accounts, mutual funds, bonds and stocks as a popular investment.
The low risk associated with OFW investing in real estate is one good reason why a great number of investors put their money in it. Real estate investment is considered a relatively convenient, safe and secured investment. It is not surprising to see advertisements or any articles for house and lot for sale in the Philippines for OFW or affordable townhouse for sale to get more than their fair share of interest.
This is particularly true if you tried to buy an affordable house and lot in a strategically located subdvision like a nice neighborhood in a progressive town or city. Location plays a significant role in increasing the probability that you would enjoy not only a low-risk investment but a high return on investment, as well. Other investments may be affected easily by fluctuations while OFW investment in real estate can never. This is because the value of condominiums, houses and lots, and farm estates appreciate over time. In cases where the value of stocks and mutual funds go down at a given time, the worth of your real estate property is likely to remain the same, thus keeping you from losing a great deal of assets or money.
6. You can Enjoy Tax Breaks and Deductions
OFW investment in real estate may result to tax savings due to the benefit from various tax benefits and deductions. In accordance to general rule, OFWs may deduct reasonable costs associated with operating, owning and maintaining a real estate property.
7. Real Estate can be used as Leverage
Leveraging means using borrowed capital to increase potential return of an investment. The easiest way to access leverage is to use hard earned money of our OFWs abroad. One of real estate developer in the Philippines such as Bria Homes, Inc. offers house and lot thru bank financing. This is a financing, that requires 12.5% to 20% down payment and gets the OFW a 100% ownership of the house and lot once the loan has been approved. An example of this is buying a ready for occupancy house and lot in San Pablo, Laguna with a price of 1,661,000. An OFW investing there just needs 12.5% down payment amounting to 207,645 Philippine pesos, and once bank loan was approved, the bank will lend the remaining balance of 1,453,375 Philippine pesos, the OFW can now claim the ownership of the unit.
OFWs that have worked abroad for so many years now also deserve to have a place they can come home to and where they can say “Finally! A place I can call my own!” A home is fruit of all the sacrifices an OFW have gone through all over the years. This may be a gift to their loved ones, a place to grow a family, or can be a retirement home, or a source of income. This is a lifelong asset that will give an OFW and his/her family peace of mind and sense of security in the future.
Always remember that the first thing to consider in an OFW investment is “where to invest?”. And here is Bria Homes, Inc. giving every OFWs the best option of investment.
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