The unit turnover process at Verawood Residences by DMCI Homes involves the official transfer of a residential unit from the developer to the buyer after all necessary payments and requirements have been completed. Here's an overview of the turnover process:

1.Turnover Timeline

For Ready-for-Occupancy (RFO) Units
Buyers can expect turnover once they complete the required down payment (typically 15%-20% of the unit price) and settle necessary documentation. This process usually takes 2-3 months after payment completion.

For Preselling Units:
The turnover happens after the building’s completion and once all payment terms have been satisfied. The estimated turnover for preselling units is based on the projected completion date of the building, which is usually stated in the contract.

2.Turnover Requirements

Before turnover, the buyer must complete the following:

1. Financial Obligations:

Settle the required down payment and/or full payment, depending on the payment scheme.
Ensure all dues, including taxes, association fees, and closing costs, are cleared.

2. Documentary Requirements:

Submit all necessary documents, including proof of identity, payment receipts, and a signed contract-to-sell or deed of absolute sale.

3. Unit Inspection:

Conduct a punch listing or inspection of the unit to identify any defects or issues.

3.Turnover Process Steps

1. Notice of Turnover:

DMCI Homes will issue a Notice of Unit Turnover once all payments and documents are completed.
The notice includes the turnover schedule, location, and specific unit details.

2. Unit Inspection (Punch Listing):

Buyers are encouraged to inspect the unit thoroughly with DMCI Homes representatives present.

Any defects, such as paint imperfections, plumbing issues, or electrical concerns, are recorded and addressed before the final handover.

3. Acceptance and Handover:

Once the unit passes inspection, the buyer signs an Acceptance Certificate to officially receive the unit.

The keys and other relevant documents (e.g., warranties, manuals for unit features) are handed over to the buyer.

4. Additional Details

• Standard Inclusions:
  Units at Verawood Residences are turned over with basic finishes, such as painted walls, tiled flooring, bathroom fixtures, and a provision for kitchen systems.

• Turnover Fees:
  Buyers are responsible for turnover-related fees, which include:
  Transfer taxes
  Registration fees
  Meralco and water meter installation

• Move-In Orientation:
  DMCI Homes provides a Move-In Orientation to familiarize buyers with community guidelines, utilities, and amenities.

5.Tips for Buyers During Turnover

• Prepare for Inspection: Bring a checklist to ensure the unit meets quality standards.

• Clarify Costs: Confirm all charges and fees to avoid surprises.

• Ask Questions: Understand the community rules, association fees, and warranty terms.

The turnover process at Verawood Residences is straightforward, ensuring buyers receive their units in excellent condition. By being proactive with payments, documents, and inspections, buyers can smoothly transition into their new homes and start enjoying the resort-inspired lifestyle at Verawood Residences.