First time investor bets big on RFO
It seemed like a natural choice for Aleris Apple Martin to choose a “ready-for-occupancy” unit for her first investment in real estate.
Martin, a millennial working for an airline company, explained that she has long dreamed of putting her hard earned savings into something that would be financially beneficial for her in the long run. And investing in an RFO unit from Avida Land Corp. seemed to be the best option for her.
“For me, (purchasing an) Avida unit is (how) I can own an Ayala property that can give me a bang for the buck. We know that if it’s Ayala, it’s quality. With Avida, I can have that same quality without hurting my pocket. It’s a win-win choice for me. Plus, the payment terms are flexible—very fit for someone like me who’s still learning the ropes of investing,” she noted.
Martin explained that she chose an RFO over a pre-selling unit because she saw the immediate potential of generating income with RFOs.
“With an RFO unit, I can already have it rented out and the money I get from the rent is the same money that I pay for my monthly amortizations,” Martin further said.
Martin is among today’s many millennials who want their money to work for them. Now, it’s more than just storing cash in a bank—they prefer to grow their money by investing it in a stable undertaking such as real estate.
The larger part of the workforce is drawn to place their money in stable and optimal environments. Real estate has both of these qualities.
Now in the limelight are on these so-called RFO units, which are tangible assets, whose worth you can immediately enjoy. RFOs also offer opportunities for utilization such that it can be used as a residence straightaway. It can also serve as a half-way house for those who do not want to suffer the metro’s gridlock and constant flooding.
And if you’re lucky enough to own an RFO within the central business district, you are within range of renting it out to expatriates and transients.
These RFO units are being sold by a number of property developers including Avida, which is at the forefront of giving customers the utmost value for their investments.
It zeroes in on projects that are geared towards enhancing the quality of life. And with strategic locations in city centers and key areas, residents need not endure long hours of commute to get to schools and workplaces.
Also, the long wait is cut short when you purchase an RFO over a pre-selling unit. With the former, you can visually assess the quality of the unit rather than relying on the broker.
And when paying for an RFO, you are paying the actual cost, including the attendant taxes and monthly dues allocated for building maintenance. With pre-selling units, you are not just investing your money but your time as well. It may take years for pre-selling units to be built and occupied.
Thus it was a breeze for Martin to rent out her RFO unit in Avida Towers in Sucat. This brand, after all, has been long equated with high-quality residential units with prime locations spread out all over the Metro to cater to the housing needs of Filipinos.
“We need a place to stay that’s strategically located within the proximity of the airport. I have colleagues who are particularly looking for Avida,” Martin said, adding that as long as it’s Avida, it’s already a guarantee of stability and reliability.
Owning an Avida RFO unit can also boost your net worth and credit worthiness. Martin is well aware that when the need arises for her to sell her unit, it will not be difficult to put it on the market because she believes that its value has already risen.
“With an increased value, I can sell it at a much higher price compared to its original cost,” Martin concluded.
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