One of the key considerations in buying real estate is whether to pick a pre-selling or ready-for-occupancy (RFO) unit. Pre-selling is often considered more desirable because it can be more budget-friendly, but it does require foresight, planning, and waiting. And while choosing RFO properties might not be the first option compared to often more affordable pre-selling homes, there are many reasons why it might work better for your particular needs and preferences.
When it comes to RFOs, what you can see is what you can buy. The lure of brochures, architect’s perspective, and showroom units are minimized because the property is already up and realtors can let buyers take a look at their potential purchase. A visit can also reveal what customizations, improvements, or repairs need to be made, giving buyers leverage to prepare a budget and negotiate accordingly. The building materials, fittings, orientation, size, even the view from the window can easily be assessed versus what the developer promised, allowing buyers to learn which companies and agents are worth of trust.
No need to wait.
Time is money, and with readily available units, there’s no need to wait for construction to finish, or worry if it will actually be finished. As with all investments, there is a little bit of risk involved in buying properties. Forecasted increase in value over the years is never assured. Cities and corporations may have plans underway to develop the area, but these can change or be reprioritized any time. Such risks are minimized with RFO because the buyer can get a clearer idea of its current and fair value as it stands right now.
The locations are established.
RFO may be pricier but homeowners will get what they pay for. The developer has played the waiting game for them so offices, commercial centers, public facilities, and other establishments may have already sprung up around the residence. One can imagine how easy (or hard) it would be to travel to and from home, or make a last-minute errand run in the middle of the night. With property already standing in the community, buyers can see if it’s close enough to what matters to them today.
In or out of the metro, options near business and leisure hubs (even if small) are good bets. These areas have often seen decades of development and already have infrastructure in place to accommodate further economic growth and other changes. One of the local developers offering RFO homes for sale in such areas is Eton Properties Philippines, Inc., the real estate brand of the Lucio Tan Group. Its finished projects in Quezon City, Ortigas, Manila, and Sta. Rosa in Laguna provide dwellings easily accessible to hospitals, schools, shopping centers, restaurants, other lifestyle destinations, and transport hubs.
In Quezon City, along Roces Avenue, is 68 Roces. The complex is composed of clean, modern townhomes that provide a sense of balance and understated elegance. In Ortigas, Eton Emerald Lofts is a premium residential high-rise that offers loft dwellings. Each unit features a glamorous design with luxurious accents and is meant for future flexibility. In Manila, there’s 8 Adriatico. The residential and small-office-home-office condominium set-up soars amidst a community that mixes Old World charm with modern grit – a character reflected in every unit. In Novaliches, Quezon City, the township of the North Belton Communities (NBC) stands, accessible via major thoroughfares Mindanao Avenue, Quirino Avenue, and the North Luzon Expressway. Within it are The Manors, a mid-rise condominium perfect for start-up families and the career-driven; and West Wing Residences with homes designed for premium comfort inside and perfect for starting families. And in Sta. Rosa, Laguna, there are homes inspired by contemporary American architecture in West Wing Residences at Eton City, offering breathing room for growing families and outdoor spaces for fun-filled bonding.
It can be maximized immediately.
Purchasing such residences means their value can be enjoyed immediately – as one’s own living space or as an asset to earn from. Basic utilities have already been installed and are ready for use, give or take some checking or updating. There are also public facilities that enable residents to maximize their time.
Every Eton Properties township and condominium has premium amenities. Free moments become opportunities to create beautiful memories with swimming pools, gardens and green spaces for fitness and other activities, clubhouse and function rooms, gyms, athletic courts and play areas. A combination of any of these can be found minutes away from homes master-planned by Eton Properties.
It’s tested by real people.
With RFO units, no need to rely on press releases and advertising. Investors and homebuyers can easily ask about the property themselves. How are the facilities and amenities? Is it commuter-friendly, car-friendly, or both? Are the property administrators professional and easy to talk to if anything is needed? How is it really like living there? Asking around or a quick Google search can reveal reviews and feedback that can reveal the developer’s reputation and relationship with real estate buyers.
There’s a built-in community
This also means there’s a built-in community to rely on. Apart from being able to borrow the random cup of sugar or ask for pet-sitting assistance, neighbors can be an added layer of security during a resident’s early days. They can also recommend the best places for laundry, buying food, and other “local secrets”.
Though they may come with a higher price, choosing RFO properties can come with benefits that can make it more than worth your while. And with these advantages, buyers can have more peace of mind knowing they made the most informed home-buying decision possible.
Eton Properties is the real estate brand of the Lucio Tan Group, one of the biggest business conglomerates in the Philippines. Its foreign counterpart, Eton Properties Ltd, is an established real estate brand in Hong Kong and mainland China. With an extensive land bank in strategic locations all over the country, Eton specializes in high-end and mid-income high-rise and horizontal residential developments, office projects, commercial centers and mixed-use township developments.