Top Reasons Why Choose a Ready For Occupancy Unit in Bacolod

Bacolod City is a highly urbanized city in the Philippines and is the capital of Negros Occidental. It is known for its rich culture, friendly people, and delicious food. Bacolod is also a major commercial and industrial center and home to several multinational companies.

That is why there are plenty of reasons why Bacolod is an excellent location for an ideal real estate purchase. For one, the population of Bacolod is expected to grow by 2.5 percent per year over the next five years, making it a populous city in the Visayas region. Since the city is rapidly growing, there will be a new demand for condo units and ready-for-occupancy properties.

So, if you’re looking for a private space to reside in with no traffic congestion, head down south and consider living in a Philippine Model City named Bacolod. The good news is you can even find ready-for-occupancy units in Bacolod. Most RFO units are in good locations, with flexible payment options and low down payment. 

Advantages of Buying an RFO Unit in Bacolod City

It’s no wonder why Bacolod is called The City of Smiles. It’s a great place to raise a family because the people are friendly and welcoming. The city also has good schools, hospitals, and other essential amenities for families. Of course, this includes a fitness center to stay fit or a function hall for special gatherings. 

Moreover, the city is home to a number of popular tourist attractions, such as the Bacolod Museum, the Bacolod Cathedral, and the MassKara Festival. You can easily go around the metro or nearby cities and tourist spots because it is close to the shipping hub and airport. Therefore, there are a lot of things you can do in Bacolod that you will never experience in other locations.

Once you find a ready-for-occupancy unit in Bacolod, these are the perks that you will enjoy:

Bacolod is a great place to live. 

Bacolod is a vibrant and exciting city with a lot to offer residents, and the city is home to a diverse range of cultures. The food in Bacolod is also world-renowned, and there are many great restaurants to choose from. So, you can always find new things to see and do. 

The cost of living in Bacolod is relatively low. 

This makes it an attractive place to live for both locals and foreigners. The cost of living in Bacolod is much lower than in other major cities in the Philippines, such as Manila. Hence, you can live comfortably on a smaller budget.

The real estate market in Bacolod is very hot right now. 

There is a lot of demand for homes in the city, which can drive up prices. If you buy an RFO unit in Bacolod, you will likely be able to sell it for a profit in the future.

Bacolod is a city on the rise. 

The economy is growing, and the population is increasing. This means that there is a growing demand for housing in the city. As a result, the value of real estate in Bacolod is expected to continue to appreciate in the future.

You can enjoy your investment right away. 

If you are buying a ready-for-occupancy unit in Bacolod as an investment, you can enjoy the benefits of rental income immediately. This can help you to recoup your investment more quickly.

Factors to Consider Before Choosing an RFO Property

Besides price and budget, there are several factors that you must need to consider before buying an RFO property in Bacolod City.

Location

One of the most important factors to consider is the location of the unit. You want to make sure that the unit is in a safe and convenient location, close to amenities that are important to you, such as schools, hospitals, and shopping malls.

Size

You must also need to consider the size of the unit. You need to make sure that the unit is the right size for your needs. If you have a large family, you will need a larger unit. If you are single or a couple, you may be able to get away with a smaller unit.

Amenities

The amenities that are offered by the development are also important to consider. Make sure that the development has the amenities that are important to you, such as a swimming pool, gym, or clubhouse.

Condition

The condition of the unit is also important to consider. Ensure that the unit is in good condition and that no major repairs need to be made. You must also ask about the unit's warranty before buying it. This will protect you in case of any problems with the unit after you buy it.

Financing Options

You should also consider financing options when choosing an RFO unit in Bacolod. Several different financing options are available, so shop around, check if they have flexible payment terms and low-interest rates, and compare rates before making your decision. 

Resale Value

Consider the unit's resale value when you are making your decision. Ensure that the unit is in a desirable location and has good amenities. This will help you get a good price for the unit when you sell it in the future.

Developer's Reputation

Make sure to research the developer's reputation before you buy an RFO unit from them. Determine if the developer is reputable and has a good record of completing projects on time and within your budget.

Lumina Homes assures you that our affordable house and lot properties match your needs and budget. With over a decade of providing affordable house and lot Philippines, we guarantee quality homes that offer sustainable and comfortable living.

So, if you opt to stay and live in Visayas, consider investing in Lumina Bacolod. We have ready-for-occupancy units available if you plan to move in quickly. For detailed inquiries, you can visit the Lumina admin office or leave a message in our chat box below. Be a Lumina homeowner.