In Filipino culture, fathers are considered the “Haligi ng Tahanan”, which highlights their role as pillars of the household or the family. They provide stability and security for the entire family through their guidance, love, and hard work. With the years of effort they have put in to provide for their families, fathers also deserve to enjoy the fruits of their labor and see their hard work pay off.
As we celebrate Father’s Day, let’s take a look at the types of properties that fathers might want—whether for relaxation, retirement, or generating passive income.
Vacation Homes or Rest Houses
Fathers deserve to destress too. While not everyone can take full-blown vacations when they are feeling fatigued from work, having a vacation home or rest house outside of the metropolitan area can provide a quick respite for them to relax on weekends.
A vacation home near the beach, cool highlights, or in the forested countryside will allow fathers to escape the noise of everyday life, spend time with family, or simply enjoy nature in solitude. Additionally, these vacation homes can also be turned into investment properties as they can be put on short-term leases when not in use. This may be a profitable venture, especially in high-tourism areas.
Retirement Home
For fathers approaching their golden years, the idea of settling into a retirement-friendly home becomes more appealing—and more necessary. These homes should be centered on comfort, simplicity, and safety.
One way to ensure these elements is to have a single-level home to eliminate the need for stairs and implement open floor plans to provide ease of movement. Another thing to consider when it comes to retirement homes is their proximity to healthcare facilities, basic establishments, and recreational centers.
Rental Properties
For fathers who are seeking to make money to work as hard as they have, investing in a rental property may be a wise choice to make. Being a landlord of a rental property such as an apartment in a residential setting, a townhouse, or even a vacation home has the potential to bring in steady passive income as the actual property continues to increase in value.
Some rental properties to consider investing in are long-term leases of residential units, which offer a predictable monthly cash flow. In contrast, investing in short-term rentals in tourist-attractive locations has the potential to give better returns at peak times.
An advantage of investing in rental properties is the flexibility it offers. You can have the option of beginning with one unit and expanding as they go along, or they can diversify and invest in other kinds of rentals, like student accommodation in areas near universities or small commercial units in upcoming business areas.
Whether it’s a property for relaxation, retirement, or investment, there are various properties in the market that can provide support to every Filipino father so that they can continue being the pillars of their families and provide them the security to thrive.
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