Why Filipino Overseas Workers Should Invest in a Home

A couple looking at a white, new house
  • Investing in a home provides security, stability, and potential financial gains that will benefit both you and your family.
  • Consider location, developer reputation, house design & features, payment options and legal documentation when buying a house.
  • OFWs can access various payment options, such as bank financing or >PAG-IBIG to make it affordable.
  • With proper research and due diligence, you can find a house that suits your needs.
  • Owning a home is an excellent investment for OFWs and their families.

Everywhere you go in the world, you’ll find OFWs or Overseas Filipino Workers. Filipino Overseas Workers (O>OFWs) are integral to the Philippine economy. They send remittances that account for a significant share of the GDP and, through their work abroad, allow their families back home to enjoy a better quality of life.

Owning a home is one of the best investments an OFW can make, as it provides security, stability, and potential financial gains for them and their families. Why? Read below to learn why OFWs should consider investing in a home in the Philippines.


building home

As an OFW, you know how uncertain your job can be. The current pandemic has made things even more challenging. Investing in a home gives you and your family a sense of security. It is a safety net that ensures you have a place to call your own no matter what happens. You can avoid paying for rent or constantly moving from one location to another because a home is a tangible and secure asset that can provide lifelong stability.

Long-term Investment

Investing in a home is a long-term investment. It means that you’re putting money into something that will appreciate. Unlike rental properties, a home is yours and will always have an inherent value.

Its value has the potential to rise over time. By investing, you’re securing your family’s future and building a financial cushion for your retirement. You can use it to generate passive income through rent, sell it for profit, or leave it as a legacy for your children.


Buying a home doesn’t always have to be an expensive venture. With various payment options like bank financing, PAG-IBIG, or government agencies, it has become more accessible for OFWs to own a home. Furthermore, owning a home is also cost-effective in the long run.

Although there will be initial fees such as a down payment, taxes, and other expenses, it is more affordable in the long run. Home ownership is a better investment than constantly paying for rent and utilities.

Buying a House in the Philippines

family holding a key for their new home

With the many housing options and developers available, however, the process of buying a house can be a daunting one. It is essential to take certain factors into consideration before making a considerable investment. Here’s what to consider:

1. Location

The first thing to consider when buying a house in the Philippines is its location, so choose a site that is convenient for you and your family. Consider the proximity to your workplace and your children’s schools.

And if you want to live near the metro, consider a preselling a house and lot in Cavite for OFWs, as it has plenty of developments to choose from. Many developed areas are also close to beaches and other tourist attractions, making it a great place to live and invest.

2. Developer Reputation

The developer’s reputation is one of the most essential things to consider when buying a house in the Philippines. Research the developer’s past projects and check for feedback and reviews. The developer should be a reliable one known for its quality of work. Don’t hesitate to ask for a list of the developer’s completed and ongoing projects, so you can do your research and see for yourself.

3. House Design and Features

OFWs often have specific preferences regarding the design and features of their house. It is important to carefully inspect the house design and parts before deciding. Consider your family’s needs and lifestyle when choosing the house design and amenities and check if the house has a functional layout and good ventilation. Also, inquire about the materials used and check if everything is installed correctly.

4. Payment Options

OFWs often invest their hard-earned money in buying a house, so choosing a payment scheme that suits their financial capability is important. Consider the payment terms and options and whether they are flexible enough to allow for a smooth payment process. Don’t forget to ask about additional fees or charges involved in purchasing a house.

5. Legal Documentation

Finally, make sure that all legal documentation is in order. Double-check and verify titles and other legal documents, ensuring everything is to avoid any legal issues in the future. Consult your lawyer or a reputable real estate agent to help guide you through buying a house.

The Bottom Line

Owning a home in the Philippines is an excellent investment for OFWs. While it may seem daunting at first, with proper research and due diligence, you can find a house that suits your needs. Investing in a home provides security, stability, and potential financial gains that will benefit both you and your family.

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