Millennial entrepreneurs see the potential in buying and selling house-and-lots, while down-payment promos and discounts still abound. And from the Property research firm Colliers Philippines recently report, we can see why this generation is seeking a sustained take-up for house-and-lot and lot-only projects in areas outside the capital region.
As people shy away but stay not too far from major cities in the Metro, key urban areas in northern and southern Luzon have become today’s favored areas. These include Pampanga, Tarlac, Bulacan, Cavite, Laguna and Batangas. Here, residential projects are between 86 percent and 97 percent sold as of the end-2021.
The pandemic has confirmed that real estate is a self-appreciating asset, no matter what. But aside from waiting for it to appreciate, millennials can explore other ways to realize the earning potential of a home in the suburbs.
But even after the pandemic, most developers will always sell units at a discounted price during the pre-selling stage. This much lower introductory price is usually around 30 percent cheaper than a completely finished unit. Once finished, it can be flipped and sold as ready-for-occupancy (RFO) units that are readily available for homebuyers.
If they want to rent out the units, these become a steady source of income—also a profitable option for any prospective investor. Renting out the home is a good long-term investment for those looking for a more sustainable form of revenue that literally pays for itself.
Being a landlord will have its share of responsibilities but if done right, any millennial-turned-landlord can count on the steady rental income stream from a well-placed residential unit of a reputable developer.
Your partner in business
If you need affordable and mid-priced homes for your new investment venture, Lumina Homes has a lineup of quality house and lot properties in over 50 key locations nationwide.
A housing arm of Vista Land & Lifescapes Inc., one of the country’s leading integrated property developers, Lumina Homes’ master-planned communities are located near signature lifestyle brands that include Vista Mall, AllHome, Coffee Project, MEX and more.
It also boasts of well-thought-out functional amenities that can be found in eSpacio, its own amenity center that hosts a multi-purpose hall, mini gardens and playground, jogging path, and shuttle terminal; and new features like community center and Tambayan ni Juan.
“Lumina Homes has grown from a low-cost housing brand to one that provides a middle-income Filipino family’s ultimate dream home,” said Engr. Joemi Tan, Division Head of Lumina Homes.
Lumina Homes continuously pushes for digital real-estate solutions like virtual home tours and subdivision walkthroughs, online reservation, online appointment booking, and online payment options through digital wallets and digital banking in partnership with national bank players.
For more information and announcements, follow @luminahomesofficial on Facebook or visit Lumina Homes’ official website at www.lumina.com.ph.