Why is memorial lot investment a good choice for OFWs?
Why is memorial lot investment a good choice for OFWs? Written by Divine Merce Gamayon
With the current dilemmas that our country is facing, Filipinos demand a new expression of heroism ﹣the kind that has been shown by our selfless Overseas Filipino Workers (OFWs) as they dauntlessly venture out into unfamiliar places to work in order for their loved ones to prosper. Undeniably, they are considered the country’s modern-day heroes. For decades now, their desire to support their loved ones has notably contributed to the country’s economic growth. According to the Philippine Statistics Association of the Philippines, about 2.2 million Filipinos work abroad, sending remittances to 12 percent of all households in the country. The remittances by our OFWs have been the backbone of the country’s economy, accounting for as much as 11 percent of the country’s gross domestic product.
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Most of our modern-day heroes working abroad will probably say that nothing is better than achieving financial security to safeguard the lives of their families in the Philippines. In order to achieve this, it is distinctly important for OFWs to set a quantifiable financial objective while working overseas. The best way to do this is to save their hard-earned money—or even better, invest in real estate properties, such as memorial lots, that show robust value appreciation over the long term.
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Benefits of Investing in Memorial Lots
- Low Capital Investment
A memorial lot investment can be a good place to start, considering that the capital investment that is needed for a memorial lot is lower compared to other property investments. With lower bank rates due to the COVID-19 crisis, it would be a wise investment decision for our OFWs to invest in memorial lots, especially if these are from a highly trusted real estate developer like Golden Haven Memorial Park. The price of memorial lots can range from Php 40,000 to millions of pesos depending on size and location, which makes amortizations more manageable.
- Minimal Maintenance Cost
Unlike other real estate properties, memorial lot investments have very minimal to almost no maintenance cost. Additionally, memorial park developers are most likely the ones to take care of maintenance such as cleaning the memorial lot, regular grass trimming, and overall maintenance of the park. In Golden Haven, maintenance care fund fees have already been tucked into the TCP and will last for 50 years from the time of purchase. By paying these minimal maintenance care fund fees, Golden Haven can reassure OFWs that they should not be concerned about the continuous maintenance of the memorial lot. This type of investment is perfect for OFWs given that they are not physically here in the country to maintain their property.
- High Value Appreciation
Investing in memorial lots is now gaining momentum among investors as they see a high return on their investments. The return on investment depends on how many years the property will take before reselling. Hence, OFWs should consider investing in memorial lots, keeping in mind that they should invest in a reliable and trustworthy company. Currently, 10 percent of the Golden Haven investors are OFWS, and these OFWs are now earning from their memorial lot investments. In the case of Golden Haven Las Piñas, the starting price of memorial lots was Php 5000 in 1984, and now, the memorial lots are now valued at Php 300,000 which shows a 2000 percent value appreciation.
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- Perpetually Owned and Easy to Resell
Just like any other real estate property investment, our kababayan will have perpetual ownership over the memorial lot once it is fully paid. The ease of transferring the lot title under the buyer’s name would make this a hassle-free experience for both the buyer and the initial investor of the memorial lots. This type of feature is very helpful for our OFWs who are considering memorial lot investments. They can just wait for the value to grow and then sell it at a much higher price whenever you need or want additional funds. In Golden Haven, transferring the rights would not be a problem, they just have to go to the office of the Golden Haven branch and provide a minimal amount of transfer fee. Subsequently, they have to present documents such as Certificate of Ownership, Valid IDs, and Deed of Absolute Sale. After this, the title can be transferred to the new owner. In terms of the price in reselling the memorial lots, it would be better for our kababayans to consult the current market selling price with the Golden Haven branch manager first. So that you can determine the sale price of your property. You can also set the financing options such as paying in installment terms or spot cash terms.
- Ease of Investing
Given that OFWs are working abroad, it would be hard for them to look into properties that they will invest in. Additionally, they might experience difficulties in transactions. With this, Golden Haven tried to make it easier even for OFWS who are working overseas to invest in memorial lots. With online services available through Golden Haven official website— such as virtual tours and fast-tracking transactions— OFWs can now invest in memorial lots hassle-free. Golden Haven also provides different payment schemes and options that suit OFWs.
Why should OFWs invest in Golden Haven?
The road to financial security starts with the right attitude. With the COVID-19 pandemic disrupting the income streams of people, more Filipinos are now aware of the importance of having investments to serve as a safety net during uncertain times. Unquestionably, our modern-day heroes deserve to reap the benefits of their hard work by having other sources of income in order to secure their future and the future of their loved ones. Therefore, investments such as memorial lots—that are considered as a secure and lucrative investment that provides robust value appreciation— should be highly considered by our kababayans especially when offered by one of the most trusted real estate developers—Golden Haven, a well-established name in the death care industry.
Golden Haven Memorial Park is present in more than 30 major cities across the country. Additionally, Golden Haven is known for its beautiful memorial parks which present quality memorial lot investments for OFWs. Instagrammable features — like the Amazon Forest-inspired grand entrance of Golden Haven Bulacan, and the California-inspired Lacma Lights of Golden Haven Tagum can increase the price of the memorial lot investment. Undoubtedly, investing in Golden Haven memorial lots will be a wise investment decision for our modern-day heroes.
