4 Property Features OFWs Should Look Out For In This Pandemic by MyProperty

For years, overseas Filipino workers (OFWs) have been a dominant force in the real estate market. Even before the pandemic hit, many OFWs invested in homes to provide their families with more comfortable places to live. Plus, these investments are part of their retirement plans should they decide to settle in the Philippines permanently.

While many OFWs invest in properties as their primary residence, others use their purchase as a source of passive income. The COVID-19 health crisis may have caused a slump in investments, but there are still pockets of opportunities for OFWs to invest in properties. Here are four property features that OFWs can look into to invest smartly amid the pandemic.

Mixed-use Developments

With community quarantine restrictions halting travel within cities, many prefer living in integrated communities where essentials are within arms’ reach. Developments such as townships and mixed-use properties allow residents to reach supermarkets, banks, clinics, hospitals, schools, churches, offices, and even government agencies.

 

If you want your next residence or rental home to be well-equipped for health crises, it’s ideal and financially sound to invest in mixed-use developments. You may choose locations close to shopping malls, business centers, and other prime amenities.

Properties Equipped With Technology

It is no surprise that working and learning from home will be part of the post-pandemic era. Should another health crisis hit, people will primarily depend on online platforms and technology for most tasks such as grocery shopping to food deliveries and social gatherings. As dependence on virtual channels continues to grow, investing in a home equipped with high-speed internet is crucial and will make your purchase worthwhile.

 

Health and Wellness Features 

Aside from having high-tech features for working and learning from home, you want your next home to have good ventilation, temperature control, and environmental quality. If you plan to rent out your house or condo unit, adding health and wellness features will make your future tenants more comfortable, especially if they are health-conscious.

 

It is also crucial to consider the property management services offered by your community. These should include temperature checks at the entrance, alcohol stations and social distancing in shared areas, and regular disinfection. If your community follows these health practices, you can rest assured that your investment has an excellent property management team.

Less-crowded and Wide-open Spaces

Due to current social distancing measures, less-crowded communities have become more in-demand for homebuyers. Having wide-open spaces close to the home means you can enjoy the outdoors without risking your health and safety. The same goes for your tenants; they’ll have outdoor spaces to reconnect with nature and relieve their cabin fever without breaking social distancing.

 

To sum up, OFWs are one of the most promising market segments leading the demand for properties post-pandemic. If you plan to buy real estate soon, remember how the current crisis is affecting the need for specific features and amenities.  Doing so will help you find the best asset in the market, ready to withstand future crises.

The post 4 Property Features OFWs Should Look Out For In This Pandemic appeared first on MyProperty.ph.

Originally posted from MyProperty - MyProperty.ph https://ift.tt/3arfA2I