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What makes real estate the perfect investment for OFWs

What makes real estate the perfect investment for OFWs

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Remittances from Overseas Filipino Workers (OFW) have kept the Philippine economy afloat and relatively unscathed by regional and global shocks. Even amid the global pandemic, in 2021, personal remittances amounted to US$ 34 billion, accounting for 8.9% of the Philippines’ Gross Domestic Product and 8.5% of the Gross National Income, according to data from the Bangko Sentral ng Pilipinas (BSP).

Many OFWs aspire to achieve financial freedom and eventually go back home to the Philippines and retire comfortably with their families after years of working abroad. Hence, it is important that their hard-earned money should be put into something that would allow them to build their wealth and potentially grow their finances.

For OFWs, one of the best investments to consider is owning a property. After all, a home is a concrete, tangible reflection of their hard work and sacrifices, and it is also a dream of every OFW family to have a place they can call their own.

But more than a reminder of their labor, what makes real estate a wise and stable investment is its ability to generate money. While working abroad, OFWs can opt to lease out their property, thus providing them additional income.

Real estate also has good potential to appreciate its value over time. Considering that time affects the market value of real estate, it is best to invest early to fully enjoy the possible gains.

Owning a real estate property allows OFWs to have a well-diversified portfolio of assets, thus mitigating investment risk and yielding higher returns. In addition, real estate value tends to appreciate, so it is a good way to hedge and protect money from inflation.

With its vision of building a nation of homeowners, SM Development Corporation (SMDC) makes property investment attainable for our modern-day heroes with its low-interest rates and flexible payment options. By investing in SMDC, migrant workers can come home with peace of mind and enjoy the fruit of their labor with their loved ones.

If you are planning to buy a property, here are things you need to consider:

Accessibility. A home that is located in prime property makes it easy for residents to move around with minimal transportation and time expended. SMDC properties are built strategically close to major road networks, transportation hubs, and leisure and commercial centers. So, residents can easily access a variety of shopping, dining, entertainment, and recreational options anywhere from a short walking distance to convenient driving distance utilizing current and soon-to-be-developed infrastructure.

Convenience. A home should not only provide shelter but also offer the convenience of rest and recreation options just outside the doorstep. SMDC properties are master-planned to provide a complete living experience so that residents not only find well-appointed living quarters, but also various leisure spaces like swimming pools, covered court, play areas, gardens, and shaded pathways when they spend their time close to home.

Future Ready. A home should be built for the long term, with forecasts on climate change, among other phenomena, in mind. Sustainability is at the core of SMDC’s construction practices. Design plans are meticulously reviewed by panels of technical experts to make sure that the development complies with the strictest government codes. Sustainable practices like proper waste disposal, water recycling, maximization of the flow of sunlight and air, and the use of LED lights in common areas are also institutionalized. All these to ensure that SMDC properties are disaster-resilient and energy-efficient.

Value Appreciation. An investment is expected to add value not only to the lives of its owners but also to provide a return. Greenmist Property Management Corp. provides safeguards and ensures the proper upkeep of each SMDC development. Investors then reap the benefit of a well-maintained and lasting investment. In addition, SMDC Prime Key Leasing provides hassle-free leasing services not only to ensure that each unit is fit for occupancy but that, should homeowners wish to have their units leased out, they can depend on the experience and expertise of professional lease managers. This makes investing hassle- and worry-free, and guarantees passive income.

Moreover, SMDC properties have also proven to increase its market value over time. With SMDC checking off all these considerations, it is indeed a good choice when you make your first real estate venture or add more to your property investment portfolio.

This is the best time to put down an investment on an SMDC property that is built to last for generations and provide immediate returns. Don’t wait until you retire to reap the benefits, find your new investment today at www.smdc.com

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Admin - Metropoler

Metropoler is a social media-centric news website in the Philippines that covers the intersection of financial, business, media, tech, science, tourism, food, entertainment, art, politics, and culture launched on June 1, 2020.
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