When it comes to securing your hard-earned money, nothing is better than choosing the right real estate assets such as residential plots, commercial plots, apartments, and houses. You need to make a well-informed decision to avoid taking any toll on your financial health.
It gets easy when you know the right parameters to keep in mind while picking any real estate asset. It could be your budget, location, resale value, and more. Curious? Stay with us to explore the things that need to be considered while buying the best real estate asset.
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1. Budget
Budget is always a significant parameter that leads you to choose your desired real estate asset coming into your range. If you have budget constraints, you can go for apartments in high rises like Bahira Sky Mall, Amanah Residential Towers, Lahore Sky Mall, and more.
On the other hand, deals like Nelson Homes also allow you to buy your home at the key location in Bahria Town or DHA Lahore. You need to choose a plot from Nelson Builders inventory and sign a document without worrying about the imposition of escalation charges.
2. Location
Buying a home at the corner of the city where accessibility is difficult even if you have your vehicle proves to be nothing less than a mistake. It will extend the commute time for the regular activities that need to be done in no time.
It’s wise you buy a house that must be closer to the public transport and commercial areas. Houses closer to bus stops make it easy for visitors to reach your home easily. For commercial plots go for the areas where you notice high footprint and traffic.
3. Zoning Restriction
If you buy a house in a society, it has been evenly divided between various zones regarding residential and commercial plots. It’s completely prohibited by society management as you can’t use your residential plots for commercial buildings.
The other rules for constructing in society include setback requirements, height of the structure, approved floor area ratio, and some stories.
4. Amenities
The value of the property gets high when you live in proximity to market areas, schools, universities, parks, hospitals, and cinemas. Buy those plots that are closer to at least a few of these facilities. If you like nature, pick the plot facing parks in the society.
Don’t take homes too close to schools and colleges, it will put you in trouble regarding traffic jams during morning and afternoon hours. Amenities are important but don’t sacrifice your peace of mind and privacy over them.
5. Utilities
Choose the areas for living where you can find proper sewage systems and gas supplies. You must also have access to transmission lines, telephone lines, grid stations, and internet connections. Visit the surrounding areas of your real estate to find out they have all essential services.
In the case of developing societies like New Lahore City, Bahria Orchard, and more, you need to ask the society management about the availability of these utilities.
6. Security
It’s advisable to invest in the projects that have been established a bit. The new projects are risky due to unreliable developers who have no reputation and plan to transform the area after a while. The best societies for investment are Bahria Town, DHA, Bahira Orchard, Bahira Nasheman, and more.
The popularity of the societies will also help you to find new investors who are interested in buying your plots. It gives your plots more liquidity and facilitates you to regain your investment whenever you need it.
Book Your Best Real Estate Asset with CDB Properties
CDB Properties has been working in the top societies in Lahore and has been the authorized dealer of many developers. Whether you need a residential plot, commercial plot, apartment, or house on installment, you can contact CDB Properties. It will make your investment journey smooth and effortless.
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