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
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
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