Why Choose A Pre-selling Property
21 April 2020Are you torn in choosing between a Pre-Selling property or a Ready for Occupancy for your home investment?
Homebuyers and proprietors can now have a wider selection on which kind of house and lot to choose for their real estate investment. In choosing the best home deal, homebuyers should always consider their budget, lifestyle, and their family’s needs before making a decision about on which kind of house and lot to purchase.
Talking about practicality and affordability, a pre-selling is a property that doesn’t have any groundbreaking yet as the building might still be in construction. They say that this is better than a Ready for Occupancy or RFO because it is generally much cheaper since real estate developers commonly offer a low introductory price for pre-selling or unconstructed building units.
This is definitely a great choice especially if you have a tight budget for your home investment and will not be needing to move in to a new house immediately. If you can still wait for a couple of years more, then a pre-selling property is totally recommended for you.
Let’s take a deeper assessment about the advantages of buying a pre-selling house.
Benefits of buying a Pre-Selling House
However, even while purchasing a home that has yet to be built may seem unorthodox, it has its perks. First and foremost, prospective homeowners will inspect the property's physical location, as well as any available plans. It's also safe to assume that some of them may already be under the development period. To help you out in deciding whether a pre-selling house is the much better choice for you, we prepare some of the benefits in buying a pre-selling property:
Lower introductory price
Since there is no house built yet, you can expect that the price for this is much lower than those that already have an existing house.
To put it another way, pre-sale houses cost less than those that are ready for occupancy units. Because of the lower starting pricing, units could be around 30 to 50 percent less expensive than the final product. Pre-sale properties also frequently come with additional incentives, including discounts as much as 5 to 10 percent or more flexible payment options. Other than bank loans, developers may also provide in-house financing for homebuyers of a pre-selling house.
Preferred location
Most homebuyers have their own consideration when it comes to their preferred location. During the pre-sale period, purchasers have the opportunity to choose their favorite unit or blocks for their house and lot.
Pre-selling properties that face the greatest direction or a unit that is facing the east could be yours to pick from on every given level. In addition, the property has a number of better opportunities that set it apart from the competition. The ones closest to the mini garden or playground, or those in the corner lot or near the entrance, are some of the excellent choices of our pre-selling homebuyers.
All in all, when you buy a pre-selling lot, you can have a wider option for your property.
Excellent investment
A pre-selling house is an excellent investment because the appreciation value of a property is always increasing. Over time, the value of pre-sold properties increases in price. It's worth more if the area where your pre-selling house is located becomes more developed. That’s why when your house is already completed, you can easily sell it and earn more than what you’ve paid for or you can even have it rented.
When the property is finished, you may choose to rent it out. As a result, your formerly pre-selling property now generates a regular flow of revenue. Buying a pre-sale house is the best option if you want to rent out the whole property because it allows you the opportunity to choose the kind of unit that your future renters will like. You and your family may be able to make money by renting out your newly built house. Also, once already someone rented your property, it’s like you’re availing a property without paying it because the rental payments that you receive monthly can already compensate the monthly dues for your brand new house and lot!
It is possible, however, that pre-sale units may be changed at any time. The developer you're working with must be evaluated to the nth degree. Take the time to verify their reputation in the business before putting all of your money into them by once in a while taking some time to visit the project site of your preferred pre-selling house.
Before signing your contract, make sure that you were able to assess the community and the developer deeply and ensure that they are really credible aside from investing in a location that has a real potential for development and appreciated market value.
Be a smart buyer!
Buyers are aware that great offers could carry good to be true deals. Since there are a lot of new developers that come into light these days, some of them also present grand promises but at the end of the day, these are just mere words and must not be taken seriously.
That’s why as a smart homebuyer, you must ensure that you will end up or close a deal with a credible home provider. And one of the good places in the country to start your home investment is with Lumina Homes, a Vista Land company.
Lumina Homes is an affordable housing segment that continues to build and create best deal communities across the country. It is known for the practicality and durability of the house and lot units that they offer.
Lumina Homes is a mass housing developer that offers high quality houses from house and lot for sale worth 500k like the rowhouses, townhouse for sale Philippines, and even single firewall affordable house and lot for sale thru pag ibig financing.
With over 50 projects nationwide, you can easily choose the best site on where to establish your dream home. Lumina Home communities are also located in strategic places and key towns and municipalities across the country, which gives you assurance for its accessibility.
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For more information about the affordable house and lot for sale and condo units of Lumina Homes, please contact (0917) 629 6523.
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