Overseas Filipino Workers (OFWs) have been vital to the Philippine economy, sending money home to their families. But now, more and more OFWs are doing something smarter with their earnings: investing strategically in real estate. It’s not just about buying a home; it’s about building lasting wealth, securing their future, and leaving a legacy in their homeland.
Material possessions such as a brand new car or the latest gadget depreciates over time, but the value of real estate investment grows more robust every year. The fruits of their labor would flourish as time passes by.
If you’re an OFW thinking about a smart real estate investment, here’s what you should do:
- Know Your Goal: Are you looking for rental income, long-term growth, or a future retirement home?
It’s important to identify the best way to maximize your investment – if it’s buying a property to rent out short or long term, then factor in the other requirements and cost such as rental management and lease permits. For those seeking retirement, ensure the place has senior-friendly qualities such as an active park to keep fit and elevators for easy access.
- Research Locations: Don’t just look at popular spots. Check out the areas that have good economic prospects and new infrastructure in the works.
Each year there are property reports that predict areas with growing and thriving real estate communities. Based on the recent 2024-2025 reports, there are exciting developments in San Fernando, Pampanga and General Trias, Cavite.
- Select a Trustworthy Developer: Work with reliable developers who have a track record of delivering projects on time.
You can comb through property forums and join online community groups to get a feel on the quality products of your chosen developer.
- Be Familiar with Property Laws: Learn about property ownership laws, especially if you’re purchasing a land back home while working miles away. This can help equip you with the right tools and knowledge in case you run into hiccups on your purchasing journey.
- Consider Property Management: Unlived spaces tend to gather dust, so it’s vital to keep your place spotless while you’re working abroad. The Property Management office provides maintenance for both units and shared amenities to help keep it looking and feeling new – for longer.
OFWs are doing more than just sending money home; they’re actively shaping the Philippine market, but that doesn’t secure your future once you return to your homeland – unless you have a home to call your own.
Century Properties understands the value of every OFW, and we take opportunities to connect by sponsoring The Filipino Channel events abroad to get to know our kababayans seeking a legacy back home.
Talk to us how to secure your legacy at www.century-properties.com/contact-us/
