Merits of buying an RFO unit
Written by: Amy Remo
For many discerning buyers, ready-for-occupancy units (RFO) present the most ideal option for them. Easily, you are able to see your actual investment, and inspect its features, amenities and location—making it much easier for you to weigh your options, negotiate and decide.
It thus comes as no surprise that RFOs have long been seeing increased preference and popularity, as these residences clearly offer distinct, immediate advantages.
For one, there are no surprises here, no blind spots. Since RFO units are already completed projects, you don’t just get a preview—rather, you will know immediately the kind of lifestyle you can have in this development. You will get to see the condition of the actual unit; inspect the quality of the materials and finishes; and even have full access to the buildings to see how much of the promised amenities, features and safety measures have been included.
Ready home, ready investment
That you can readily move in to your new home or lease out your unit is the primary reason why many prefer RFOs.
Colliers Philippines associate director for research Joey Roi Bondoc shared that RFOs usually attract market segments that include young families in a rush to transfer to a new home; young urban professionals; investors looking for an immediate source of passive income; and buyers looking for bigger discounts from units in the secondary market. For these markets, strategic location and discounts are also among their considerations.
Flexible payment terms
While the notion is that RFOs are more expensive, some developers offer enticing promos and flexible payment terms such as lease-to-own plans. This makes owning a home easier, faster, more convenient and even more affordable. Bondoc urges buyers to take advantage of these attractive extended payment terms provided by developers.
RFO investors can benefit from property value appreciation. Wong + Bernstein Advisory Group executive director Enrique M. Soriano III said in an earlier interview that an RFO’s resale value can be higher, noting that some “flip it after a year hoping that the purchase and the subsequent resale can translate to a better value.” An RFO, if located in key locations, can also offer better opportunities for lease. At the same time, it can help increase your net worth and credit worthiness, Soriano had said.
Thriving communities, superior location
No doubt, RFOs present the ideal property investment for those looking to tap the many advantages that come with it. Reaping these benefits, however, will still depend on the project, its location and features, as well as the developer behind it.
Those looking to be part of safe, thriving communities where comfort, convenience, accessibility and well-being are aptly highlighted should look at the RFOs offered by Federal Land Inc.
Always a step ahead, Federal Land has an impressive portfolio of projects in strategic, vibrant locations across the metro. Well-built structures, exquisite finishes, curated amenities and proximity to essential establishments and institutions have created safe, healthy and dynamic Federal Land communities that have since allowed residents to fully enjoy city living.
One Wilson Square at the corner of Ortigas Ave. and Wilson St. in Greenhills, San Juan, for instance, offers spacious homes with unparalleled access to central business districts, prestigious schools, recreational hubs, renowned art galleries, as well as retail and dining establishments. Its highly premium location is perfect for those always on the go, befitting of the highly discerning populace leading a fast-paced cosmopolitan lifestyle.
Find a sanctuary in the generous living spaces at One Wilson Square, with expansive windows and balconies that ensure natural light and ample ventilation. One Wilson Square indulges its residents in privacy and exclusivity, having only four units in the upper zone, and a generous living space ranging from 39 sqm up to 216 sqm. Outside your unit are lush open spaces and amenities that allow you to relax in the midst of a thriving city—a pool, landscaped gardens, business center and game room, among others.
Thanks to Federal Land’s lease-to-own plan, owning your dream home in one of the most coveted addresses in the city has become much more convenient.
Similarly, The Capital Towers along E. Rodriguez Sr. Ave. in Quezon City, gives you a safe, comfortable home that’s just right for your needs.
This three-tower residence addresses all the must-haves of the modern urban dweller—from its safety and security measures; amenities for every member of the family; proximity to essential goods and services, schools, leisure hubs, and other institutions; to easy access to transport hubs and major thoroughfares.
The Capital Towers sits at the center of Metro Manila’s most dynamic districts, with some of the best schools and hospitals in its immediate vicinity. Its prime location presents convenient mobility options via major infrastructure developments such as the newly opened Skyway Stage 3.
Here at The Capital Towers, one can revel in a life well lived, ideal for medical professionals and entrepreneurs given its accessibility to some of the best hospitals, business hubs and commercial areas across the metro, as well as for those looking to build and raise a family in a safe, conducive community.
To know more about the RFO properties, call One Wilson Square hotline at (632) 7906-5113, The Capital Towers hotline at (632) 3415-2500, or visit this website.
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