Important Factors to Consider Before Buying a House

Real Estate Investors have the option of investing in either plots or ready to move in houses for residential investment or residence. While buying a plot, not much is have to be kept in mind. Only plot cutting, plot depth, location and budget matters the most. But while investing in a house, there are many important factors to remember while buying a house. From the plot cutting to the construction materials, everything must be checked to determine the quality of the home.

Buying a House

This blog will guide you to easily invest in a house (either ready to move in or to be constructed). This blog is going to be your real time guide for investment.

Important Factors To Remember While Buying A House

Some of the important factors to remember while buying a house.

Budget: 

The first thing to consider is your budget. Investors should determine how much they can afford to spend on a house, whether it is to buy a ready-to-move-in house or to construct a house. Professional real estate experts recommend that your monthly housing costs should not exceed 28% of your gross monthly income. To achieve this target, investors should choose an installment-based payment plan to ease their payment process.

Developers’ Credibility:

It is always better to search for the developers’ credibility who are building the house. After allocating the budget, if investors are not going to construct the house themselves, the most significant factor to determine is to search for a good developer. More than half of the problems start when investors select the wrong developer. Investors should choose only those developers who have already delivered several projects before and the quality of their projects has remained the same. Choosing reliable developers means that your money will not be wasted and better-quality construction material will be used for your house.

Location: 

The location of the house is also a significant factor. Investors should consider factors such as proximity to their workplace, schools, hospitals, public transportation, and recreational activities.

Size and layout: 

Investors should consider the size and layout of the house. The number of bedrooms, bathrooms, and living spaces should be appropriate for the family’s needs. Also, investors should consider the layout to be suitable for their lifestyle.

Material of the house:

Make sure the construction material of the house is a high-quality material as it is durable and long-lasting. Otherwise, in a period, the finishing of the house will deteriorate. The electrical wiring is one significant factor here. The better quality of wiring used, the more electric load it can bear. The electric appliances which consume more load such as refrigerators, water pumps, and ACs will never trip if good quality cables are used in construction. Otherwise, short circuits will be common in the future.

Condition of the house: 

Inspect the house thoroughly to ensure it is in good condition. Investors should look for any signs of damage or wear and tear, such as leaks, cracks, or mold. If that house is being used for residence and has been constructed for a while now, it is better to judge the quality of the home. Here, an important thing to check is the DPC level. A damp proof course (DPC) is a barrier that is installed in the walls of a building to prevent moisture from rising from the ground and causing dampness. The DPC is typically made of a water-resistant material, such as plastic or bitumen, and installed at a certain height above ground level.

Dampness can be a significant problem in a house because it can lead to the growth of mold and mildew, which can cause health problems. Dampness can also damage the structure of a building over time, particularly if it is made of materials such as wood or plaster.

A DPC helps to prevent moisture from rising from the ground and entering the walls of the building. By doing so, it helps to keep the building dry and free from dampness. DPC can help to prevent the growth of mold and mildew and to protect the structure of the building from damage.

If a house does not have a DPC, or if the DPC is damaged or deteriorating, it can lead to problems with dampness. Signs of moisture and dampness may include mold growth, peeling wallpaper, damp patches on walls or ceilings, or a musty smell. If anyone suspects that the house has a problem with dampness, it is better to have it inspected by a professional to identify the cause and take steps to fix it. These steps may include repairing or installing a damp-proof course.

Neighborhood: 

Investors should also take enough time to research the neighborhood. They must consider factors such as crime rate, noise levels, and the availability of essential services such as grocery stores and healthcare facilities.

Resale value: 

Investors should consider the resale value of the house. You never know when you might need to sell it in the future. Look for a house in a desirable location that is likely to appreciate over time. Also, keep in mind that these areas should not affect the house location as it will be creating a disturbing environment. Traffic noise leads to difficulty in selling a house. Investors should avoid houses near rushy areas, near graveyards as they are hard to sell in the future, and near agricultural areas. The water of crops can also damage the house building.

You can contact Pakistan Property Services to book any residential property in Lahore City. We provide better consultations for your real estate matters as the authorized dealers of Bahria Town and Etihad Town projects. For further information, you can call +92 321 111 2508 or visit our YouTube channel Pakistan Property Services, where we regularly update you to learn about the new trends in the real estate market of Pakistan.

Projects We Deal in:

Many residential and commercial societies in Pakistan are evaluated carefully to help our clients make the better decision. Pakistan Property Services helps the clients invest in projects with good prospects that depend upon the parent company, developers, location, payment plan, amenities they can have in the desired project.

Lahore:

Lahore is the cultural and economic hub as well as the provincial capital of Punjab. The city is well known for its huge economic opportunities in different sectors. People come from different areas to grab these opportunities and have a residence here. Below the list of some of the top Projects in Lahore:

Karachi:

Bahria Town Karachi is a benchmark within the landscape of Karachi with its world-class excellent-planned society. This society is sketched with an area concept to supply outstanding lifestyle facilities to its residents and can introduce new benchmarks of community development in Karachi. Below the list of some of the top Projects in Karachi:

Islamabad:

Islamabad is nestled against the backdrop of the Margalla Hills. It is a modern, planned city with wide tree lined streets, large houses, elegant public buildings and well-organized bazaars. It is however; always under construction to improve transportation or develop new housing areas for its growing population. The walkways are shaded, safe, and separated from the traffic by rows of flame trees, jacaranda and hibiscus. Roses, jasmine and bougainvillea fill the parks, and scenic viewpoints show the city to its advantage. Below the list of some of the top Projects in Islamabad:

Rawalpindi:

Rawalpindi is an important administrative, commercial, and industrial centre. Its industries include locomotive works, gasworks, an oil refinery, sawmills, an iron foundry, a brewery, and cotton, hosiery, and textile mills; it also produces shoes, leather goods, pottery, newsprint, and tents. Below the list of some of the top Projects in Rawalpindi:

Faisalabad:

Faisalabad, formerly known as Lyallpur named after the founder of the city is the third-most-populous city in Pakistan after Karachi and Lahore respectively, and the second-largest in the eastern province of Punjab. Below the list of some of the top Projects in Faisalabad:

Gujranwala:

Gujranwala is a city and capital of Gujranwala Division located in Punjab, Pakistan. It is also known as “City of Wrestlers” and is quite famous for its food. The city is Pakistan’s 5th most-populous metropolitan area, as well as 5th most populous city proper. Below the list of some of the top Projects in Gujranwala:

Multan:

Multan is city of Saints, it is best place to live if you belong to either middle class family, rich family or a poor family. The city is now develop city of Pakistan you can get every life facility here easily at low cast. Multan’s foods are very delicious especially mangoes of Multan are world famous. Below the list of some of the top Projects in Multan:

Bahawalpur:

Bahawalpur lies in the heart of South Punjab and is filled with stories that surround the legacies of Kings, Nawabs and their extravagant lifestyles. Below the list of some of the top Projects in Bahawalpur:

Peshawar:

Peshawar is the capital of the Khyber Pakhtunkhwa province of Pakistan. It is the biggest city of Khyber Pakhtunkhwa and is a relatively prosperous city. It is also a cultural and economic hub of Khyber Pakhtunkhwa. The city is famous for its food and tourism as it is one of the oldest cities of Pakistan with a recorded history that dates back to 539 BC. Below the list of some of the top Projects in Peshawar:

Gwadar:

Gwadar, town and seaport, southwestern Balochistan province, southwestern Pakistan. Located on the sandy Nuh headland that juts southward into the Arabian Sea, the town is an important fishing (sardines and sharks) and trade centre. Below the list of some of the top Projects in Gwadar:

Suggestions:

We can see that the Pakistan Real Estate Forecast 2021 suggests investing more in this market as it promises a huge profit in the coming future. The investors should purchase the properties at a low rate so that they can earn more by selling it once the rates are good enough.

Related Cool Links:

Maps of Societies and Projects in Pakistan:

Maps are the only source to view online high resolution 24 hours updated maps of Housing Societies, Schemes, Towns, Villas and Homes in all over Pakistan. Below the list of maps of some of the top Projects in Pakistan:

Join The Discussion

Compare listings

Compare