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Factors to Consider When buying an RFO House and Lot
February 21, 2022
Nothing compares to the enthusiasm of a person who begins looking for a new home in a location where they've always wanted to live and where they can begin a new chapter in their lives together. The reason why, most people who are looking for a suitable property to buy in areas or subdivisions in Cavite will most likely acquire an RFO house and lot since they want to move into their new home as soon as possible. However, due to pure excitement and/or other overwhelming emotions, most people neglect important matters that must be considered when purchasing an RFO house and lot.
Hence, this blog will go through some factors to consider when buying an RFO house and lot, to avoid aggressive buying and possible regrets in the future.
Find out exactly the location where you want or plan to live.
It is essential to know an individual’s preferred location, in which he/she or their future family intend to settle in the near future. Some home shoppers pick a location based on conveniences such as public transportation, malls, hospitals, universities, main highways, business districts, and more. While others hunt for their future home in places where they feel at peace or have a strong sense of belonging.
Thus, it is highly recommended that you conduct your own research on your desired area before scheduling a personal visit, so that you are at least aware of the type of environment in which your future house will be located, as well as what to expect.
Learn about the features of your potential RFO house and lot.
Aside from visualizing the location of your future home, it's also necessary to know what your future house will look like, particularly in terms of architectural features and, if applicable, the theme. This may be accomplished by determining whether the family desires a large area, the size of your chosen lot, the number of storeys, whether a garage is required, the room sizes, and so on. The home buyers could either search for it on the internet or schedule a house visit with the real estate agent or broker in contact.
All in all, having a thorough understanding of home design will help you align your conclusions regarding whether or not the house met your criteria in buying an RFO house and lot.
Conduct a visit in the house and lot in purchase.
A house tour is strongly recommended, especially if you have already selected a development in which you would want to reside in and a certain house design that you would like to examine in person. In addition, making a house visit also allows the homebuyers to verify everything that surrounds the property, or even to see personally how wide or huge the lot is. Visiting the location also enables homebuyers to observe their possible neighbors or the type of community they will live in, as well as determine how far away the subdivision's facilities are. Apart from that, having a house tour might also give the home buyers more alternatives, such as different house models that are available, wherein there's a chance that they'll like something other than the first option they considered.
A house visit also allows home buyers to experience the adventure of driving in and out the area, as well as see other amenities available in the development, such as the swimming pool, sports hall, playgrounds, and so on.
Know your budget.
If decisions have already been made, the new homeowners will now begin the process of purchasing their new RFO house and lot by signing and paying a few necessities, as well as being briefed by their agent on the other requirements needed to be accomplished in buying the property. One of which is to pay a reservation fee to formalize the transaction and effectively reserve the property in the buyer's name. However, because the price of an RFO house and lot is dependent on the lot size, location, and home design of your chosen prospective new home, it is necessary to have a larger budget set aside in order to be able to afford and abide the contract and/or the type of payment that the homebuyer will choose.
Having consistent contact with the real estate agent or broker.
Even after every transaction, there will be instances when homebuyers are concerned or have a few inquiries about the property or contract, wherein the only person who can answer them is either a real estate agent or broker. Aside from that, having a particular agent might also benefit the homebuyers in terms of gaining discounts or good offers, as well as someone who could give them reliable information about the properties being sold in the development. Staying connected with your real estate agent or broker is also highly beneficial since they guide the home buyers through the buying process, creating a smooth and stress-free procedure.
A Ready for Occupancy House and Lot for Sale in Cavite
Lalique is a Ready for Occupancy model by Crown Asia of Vista Land, located in Cavite under the development of Ponticelli — with a magnificent 131 sq.m of space that has four bedrooms, three toilets & bath, a living room, dining room, kitchen area, and one carport. The Lalique model is a fantastic choice for people looking for a start up home that they can consider their own. With its address in the beautiful Italian inspired community of Ponticelli, a home fit of the lifestyle that the community is well known for — an upscale lifestyle that is both sophisticated and elegant.
Lalique has a number of houses and lots for sale in Cavite where families can spend quality time together while also relaxing in the comforts of their own home. The new homeowners may also appreciate the convenience it provides, as it is close to daily necessities such as schools, hospitals, malls, churches, and grocery stores, as well as main highways and thoroughfares. Overall, the Lalique model house is one of the few home designs in Crown Asia that can be considered a favorable investment by property buyers.
Related Blog: A Blank Canvas, Designing Your RFO House and Lot to Be Your Home