If you’re looking for a lucrative property investment, you should consider some important factors. But it’s important to remember that buying property is a long-term investment; you likely won’t see any immediate returns. However, if you hold onto the property for a few years before selling, you stand to make a good profit.
Like any other type of investment, property investment requires you to consider several factors. Many investors believe one can earn a lump sum of cash every month by investing in properties. The truth is, there is no free lunch.
Therefore, it is essential to know the top features to consider to get the best investment opportunities in Pakistan. So, to prepare yourself for investment purposes, we have compiled a list of some factors you must keep in mind. These points are always applicable whether it is your first or second deal or when making a property decision. So, here are some of those features you should consider for a profitable real estate investment.
1. Location Matters lot in Property Investment
Location is one of the main critical factors in property investment. Your investment’s profitability can depend on the location factor. Being close to amenities like markets, schools, clinics, or metro stations can make it much easier to sell or rent your property in the future for a reasonable price.
2. Check NOC Status Before Making Property Investment
As a potential buyer, you should always be wary of private housing societies that make grandiose promises and have flashy marketing materials. Before investing your hard-earned money, you should thoroughly investigate the project and check for the housing society’s NOC status. Whenever you are interested in making a property investment in a private housing society, you should first check to see if it is an approved society.
The easiest way is to visit the relevant approving authority website. You can verify it by checking the Layout Plan (LOP) and No Objection Certificate (NOC). The LOP is a map of the approved land area and shows the town planning design of the society.
The NOC is a certificate issued by the CDA/LDA/RDA, etc., to confirm that the society can proceed with its operations and sales. You can also contact the top property dealers in Pakistan, like Makaan Solutions. They will help you by providing reliable confirmation that society is suitable for purchasing a home.
3. Check The Payment Plans Before Making Property Investment
Most of us don’t have the cash on hand to pay for a home outright. That’s why builders offer different payment plans and schemes. The payment plan informs the end-users about the total payment, plot files price, down payment, confirmation payment, and installments. With this information, you can make a budget for your dream home and make the process less daunting.
On the other hand, if your financial situation is more stable and you have more confidence in the developer’s credibility, it may be better to make the whole payment upfront. Be aware of any additional development charges that property developers do not typically mention. So, these could be expensive surprises down the line.
4. Check the Developer’s Reputation & Goodwill For The Profitable Property Investment
Are you going to buy a property? Make sure you did good research on the owners first. Check online for the builder’s history and previous projects. It will give you insight into the builder’s reputation. Checking the status of their current projects and reviews from past clients can give you a better idea of their credibility and reliability. It will help you make an informed and safe real estate investment in Pakistan.
5. Accessibility To Nearby Areas
The priority for many people when choosing a plot of land to buy for residential or commercial purposes is accessibility. For example, properties in Gulberg Islamabad have recently been gaining a lot of interest from investors and homebuyers. Because of its exclusive underpass, it provides easy access to all parts of the federal capital.
If you’re buying land to build a house, you’ll want it to be close to
- Public transportation
- A place where you can buy things.
It will be easily accessible to anyone who comes to your house in the future and to your workplace. The good idea is to buy a plot near or on the main road unless it is in a busy area where many people pass by.
But if you want to buy a commercial plot, it should be in a busy area where many people walk by. Also, if you run a business and have to meet with clients often, it’s better to have an address that’s easy to explain.
6. Verify Availability Of Amenities
When looking for a new place to live, always check to see if the amenities advertised on maps are available. It’s essential to confirm that dedicated land plots have been set aside for mosques, schools, hospitals, etc. You can also visit the site yourself for your satisfaction.
Additionally, the advertised distances between these places are often inaccurate. Before investing in property, conduct good research on the area. You’ll want to ensure that the area offers essential services like transmission lines, grid stations, telephone lines, cable, and internet connections.
If the area is still under development, you can reach out to the seller or real estate agent to get an estimated time frame for when these services will be available. Otherwise, you can contact the local authorities for more information.
7. Security Is A Key to Best Property Investment
Smaller projects and societies may give you a good return on your money in the long run. But they can also be quite dangerous. If this is your first time investing in real estate, you should consider the housing society’s security.
There are a lot of regulations in places like Bahria Town and the Defence Housing Authority (DHA). That means that these are the top properties in Islamabad Rawalpindi for investment. And the main reason behind their success is security. As in Bahria Town or DHA, you are unlikely to lose your hard-earned money to a scam and become a victim of property fraud.
Also, because these places are so popular, it will be much easier for you to sell your plots if you need to. Both DHA and Bahria Town have projects in almost all of Pakistan’s major cities. It makes them two of the safest mega projects for real estate investment in Pakistan for anyone who wants to buy a plot to build a house or start a business.
8. Utility Services Availability
It is essential to focus on the availability of essential utility services in society. Further, it includes ensuring an adequate supply of electricity, gas, water, and sewerage facilities. It is also vital to check that these services are correctly approved and regulated.
9. Connectivity & Transport
Before real estate investment, one critical thing to consider is how well-connected it is to your workplace. Check the proximity of transportation options like train stations, bus stops, and highways.
You don’t want to spend hours commuting daily, as it can harm your personal and professional life. If you’re looking for a scenic location to buy a house, it’s best to find one close to your workplace. That way, you’ll have more time to enjoy it and less time traveling.
One of the most important things that affect the prices of plots in Pakistan is the environment.
Visit the property at different times of the day before you agree to anything or pay the deposit. It will help you figure out what the area is like. If your plot is near a school, you should go in the morning and the afternoon. It will help you determine if the area where you want to build a house is too crowded.
Also, if you want to buy land surrounded by houses, you should go in the evening. You’ll have to find out if the area is too noisy. Also, go back a little later in the evening to check if there are any security guards.
Property investment is a careful process, and you won’t see immediate returns. However, if you hold onto the property for a few years before selling, you stand to make a good profit. If you’re looking for a scenic location for property Investment in Islamabad, Lahore it’s best to find one close to your workplace. Before investing your hard-earned money, you should thoroughly investigate the project and check for the housing society’s NOC, security, and the above-mentioned points. You can also contact the top property dealers in Pakistan like Makaan Solutions, as they have a list of profitable projects and can help you make your suitable and best property investment within your budget.
10 Features To Know for Profitable Property Investment 2023
If you want to know about the 10 Features To Know for Profitable Property Investment 2023, contact Makaan Solutions. Our Sales Executive Officer will provide you with all the latest information. Starting from consultation to choosing the property, and from booking to owning your dream property. For further details, please do not hesitate to contact on the below-given information: