OFWs buy condo units as investments and oftentimes, they have no oversight with the upkeep of the building and its facilities. With a professional property manager onboard, they are assured of excellent service and maintenance round-the-clock.
It’s an all too common story plot—an overseas Filipino worker who spent years abroad only to retire empty-handed. All those years of hard labor away from their families, only to return with no savings or investments. It’s a sad reality that a big number of OFWs face and it seems like an unending cycle.
Luckily, the sad stories of the past are now lessons learned. Many OFWs are now investing in real estate properties particularly in condominiums because of the promising return of investment. Real estate is one of the safest investments because it is tangible and it appreciates over time. What’s great about investing in condominiums is the flexible payment terms especially if you are coming in during the pre-selling period. Condo units that are within or near central business districts sell out fast because of guaranteed rental opportunities.
Properties in and near Makati CBD, for example, are highly-coveted because of the huge demand here. At daytime, the city records over one million population during a typical workday, most of whom live outside Makati. Because of the grueling traffic jams during rush hour, many of them have chosen to live in halfway homes to be closer to work. It’s a viable solution for them and real property investors are taking advantage of that.
One property that’s near Makati CBD and other prominent business centers is Alpina Heights in Brgy. Marcelo, Paranaque City. Developed by Alpina Heights Properties Corp. (AHPC), the property is near Sucat exit of South Luzon Expressway and is near malls and commercial establishments. The first tower was sold out in just six months after its launch and the second tower was just recently launched in July. A total of five buildings will be built on over 5,000-square meters of land area. AHPC says it is targeting overseas workers by offering affordable units pegged at P2.25 million for a 28-square meter 1-bedroom unit and P3.45 million for a 41-square meter 2-bedroom unit. What sets it apart from the competition is that all units come pre-finished with appliances to ensure a hassle-free move-in for its clients. Each unit comes with a split-type inverter air-conditioning unit, induction stove, refrigerator and shower heater.
AHPC understands that the upkeep of the building and its facilities are of utmost importance to its clients especially to those who bought the units as investments. That’s why they teamed up with Santos Knight Frank (SKF) for the property management of Alpina Heights. SKF is an internationally-renowned property management firm with a stellar record in managing different real estate properties in the metro. SKF will manage the common areas and the building itself particularly its repair and maintenance.
Just what are the advantages of having onboard a professional property manager?
Ease of mind
For one, it gives residents a peace of mind knowing that a team of experts is overseeing the property round-the-clock. They ensure that everything is in order and that amenities are well-maintained and regularly cleaned.
Second, the building gets a regular check to ensure problems like pipe leaks, cracks, chipping paints are addressed immediately before they get worse.
An open line of communication
Lastly, it gives assurance to homeowners that someone is ready to listen when they have a complaint. Most of the time, overseas workers would scramble to talk to a point-person whenever their tenants complain about something. With a dedicated property manager, they would know immediately who to talk to.
With a dedicated property management team onsite Alpina Heights, it will ensure that the property will not suffer immediate wear and tear and will reap a higher long-term value for the shareholders. For OFW investors, in particular, it is equally important that the building, facilities, and amenities are well-taken care off because these are major selling points for potential renters. Who would want to come home to a run-down building, right?
For overseas workers, it is important that their hard-earned money does not go to waste. It matters that their investments in real estate are well-maintained and protected even when they are away. After all, it’s not merely an investment for them, it is a step towards stability and financial freedom. Like every other Filipinos, it is a dream to call a property their own, and even better if they make money from it.