Skip to main content

Buying Investment Property - Useful Tips for a Novice Investor

Dreaming of being a real estate mogul? Is 2018 the year you finally invest in Pakistan’s real estate? For novice investors, the prospect of buying property or land in Pakistan can seem daunting at first. To help you get started, here are several useful tips for budding real estate investors.




Think harder, Invest Smarter

Real estate investment can be profitable in the long-term but it does require a significant amount of capital. For example, if your budget is between 2 and 4 million Rupees, you will be able to buy an average 5 marla plot in Islamabad. Planning your budget will help you narrow down your choices and make the right investment according to your means.

Know Your Market

Before making any purchases, you need to do a bit of homework. Market trends can be found in newspapers, online forums, property sale websites and social media. Thanks to the increasing digitization of information, you have more sources than ever to do your research from home. You can look for the value of different real estate in different locations and the emerging trends so you are more informed when you head out to conduct business.

Take Some Tips

It’s a good idea to listen to some industry professionals who know the market you are interested in. Call up friends who have invested successfully, consult experienced family members and talk to trustworthy real estate agents and property dealers. However, it is easy to be misled, especially if you are new to investing in real estate, which brings us to the next part.

Choose the Right Property Dealer

A good property dealer or real estate agency can be an invaluable guide because they can help you find the best possible deals. That is, if you find the right person. Unfortunately, there are a number of individuals in the market who will take advantage of your inexperience and try to trap you so be careful when choosing an agent.

Face to Face

Now we come to the part where you start picking out your real estate investment. Whether it’s a house, land or other property, make sure you go beyond just phone calls and online photos. Try your best to visit the location multiple times to assess its weaknesses and strengths. Of course, you will not be able to find the perfect investment, but you can avoid any major problems by either visiting the property in person or assigning a trustworthy representative to make a thorough enquiry.




Potential Under Construction

Housing societies and projects are growing exponentially in Pakistan. It may look as if these locations and plots are too remote or underdeveloped right now, but don’t underestimate emerging markets. While their prices are low, you have an excellent chance to buy up real estate at a lower cost and get greater return in the future.

To read more article click here: Buying Investment Property - Graana
Labels:

Comments

Post a Comment

Popular posts from this blog

Why You Should Care About Home Inspection before Buying

On your way to buying a house? Have you checked off all the boxes on the property buying checklist ? Then there’s one last thing you need to check off before you can make the transaction: conduct a home inspection . You might ask yourself “Why do I need to have a home inspection when I’ve thoroughly looked at the property myself?” Hiring a private independent contractor or surveyor is an underrated but highly important aspect of the home purchasing process for several reasons. Get an Expert Opinion Firstly, the home inspector will cast a professional eye over the property and give their expert, unbiased opinion according to their home inspection checklist. Even though home inspection by the buyer is crucial, you or your family might miss out on the hidden problems in your eagerness to finalize the purchase. These problems could include internal plumbing issues, damaged motor, gas leaks, faulty meters and wiring concerns. In older homes, the home inspector will likely look at ...
1 comment
Read more

Financial Considerations of Home Ownership

While we regularly, talk to, home ownership, as a core component, of the American Dream, it's crucial, for us, to take a realistic look, at the duties, and requirements, worried, if this is, to in reality be a dream, in preference to a capacity nightmare! Before embarking in this house - looking, manner, cautiously, introspectively, objectively, study and remember, your private motives, personality, what makes you happy/ satisfied, and whether or not, it is a great direction, for you. After, you have determined, what's great, for you, and recognize, what you need, it is important to clearly take into account, and have a look at, what you might be capable of afford. This way, proceeding, in a responsible, properly - planned, and taken into consideration way, targeted, on making ready for the various contingencies, of domestic ownership. With that in mind, this text will try to in short consider, assessment, and speak, some steps, which should, both lessen unnecessary ...
1 comment
Read more

When Buying Commercial Property Factors You Cannot Ignore in 2019 - Graana

Buying industrial property from wherein to run your enterprise may be one of the first-class choices you're making in particular on charges. It is a miles higher preference fee sensible in comparison to properties on rent or leases that can be pretty costly. It is but crucial to remember the fact that business real property includes greater dangers as compared to buying residential belongings subsequently you need to do your research thorough and run a complete analysis earlier than making the final desire and going thru with the shopping for system. Before starting the factors check out the smartest property portal of Pakistan Below are a number of the factors you need to by no means ignore when looking for industrial assets in your commercial enterprise. The location This may be very difficult due to the fact no one can expect what is going to manifest inside the destiny. The location that appears beneficial nowadays might not be the identical day after today and yo...
6 comments
Read more