Because of the boom in the property sector witnessed in Pakistan, everyone wants to invest in the Property and real estate industry. But it is not as simple and easy as it seems, there are a lot of tips that you have to keep in mind before you have to invest in property in Pakistan.
So in this post today we will discuss the tips you should consider while investing in real estate and property business. Keeping all these tips in mind, you can surely gain a huge profit on the investment you will make against the investment.
All the tips mentioned have been written after being implemented by the top realtors in the industry, and are always been top-rated tips among real estate agencies, agents, and investors.
Top 6 Property Investment Tips for Better Returns
In Pakistan, real estate investments have always outperformed all other asset classes over whatever time period we compare. House prices in Pakistan have low volatility when compared to stocks and other asset classes. Property investment is a good idea but investments should be made after market research. Here are the top 6 property investment tips one should consider before investing in real estate as they always give better returns.
Location
One of the most important things to get right as an investor is a location. Being close to schools, colleges, universities, hospitals, parks, shopping centers and aspiration areas such as city centers is more desirable in the short and long term. Transport links should be considered too.
Moreover, you should also be very careful about whether you will invest in a developed city, a city nearby, or an underdeveloped city.
Re-sale ability
It’s important to look at the rent ability or re-sale ability of your potential purchase to ensure it’s a sound investment. Look for high occupancy potential properties that need a makeover, as this yields a better return on investment. Some housing societies are the center of sale and purchase and have a long list of buyers. Property bought in these localities is a good investment due to the number of buyers and resale ability.
Caring about the re-sale ability is important because it is a huge factor regarding property trading and flipping.
Modern designs
Designing houses is the latest trend people care about the most when buying a residential property like a house, apartment, and villa. People nowadays are very much concerned about both i.e. interior design and exterior design.
Properties with modern design are more desirable. Modern properties are designed in straight lines, are simple, and decorated with dressed stones. They always perform best and have great demand as compared to the properties with traditional features like slanting roofs, arches, etc.
Developing societies – New Projects
Properties perform well in developing societies and new real estate projects. After developments, properties become expensive and give more returns. But remember this is a long-term investment, like 3-5 years.
New projects have become a hot choice for real estate investors over the years and new project that usually provides extraordinary facilities and are approved by city or district development authorities got sold out in no time even way before completion
Small size properties
Small size properties always outperform the bigger ones. The reason is the strong demand from buyers due to the declining purchasing power of the general public in Pakistan.
Dealing in large size real estate and properties need big investments and a long time to earn that amount of profit. So it is considered a healthy exercise to invest in small-sized properties.
Move fast
Buyer confidence is back, so you need to be prepared to move fast if you want the right property, without compromising on location, feature, and re-sale ability. Competition is fierce, so if you see somewhere that looks perfect for you the chances are it’s also perfect for someone else.
So these were all the tips you need to know foremost before investing in real estate and property-related business so that you can get a better return on your investment. To know more about the property and real estate, you should read more on our website.
Moreover, Ghar47.com is a property website in Pakistan that deals with property buying and selling. If you want to sell your property visit our website and you can also see the property listings to buy an ideal property you want for years.