7 Tips to Invest In the Best Properties of Islamabad for Rental Income
Introduction
Property rents in Islamabad are rising, due to high demand and shortage of houses. This is why, many real estate investors, invest in properties in anticipation of good rental income. Many new real estate projects are even offering rents long before they hand over the property. This is something to attract investors who are looking for Rental Income in Islamabad.
For rental income, there are various investment opportunities in Islamabad. Some are new projects (under construction), developed housing societies, and upcoming projects.
Real estate investment for rental income in Islamabad is one of the most profitable investments. However, it does take a lot of patience and research to become a successful investor.
Experts at Manahil Estate can guide you on the real estate purchase, evaluation, and making your investment profitable.
Contents
Focus on the profitability of real estate investment
The profitability of a real estate investment does not come down to a simple calculation, because the numbers are not fixed. For this reason, it is necessary to take into account the best properties for rental income and factors guaranteeing good profitability. The location remains, as such, a major criterion.
Location matters
A real estate investment always remains profitable as long as it is well located. The first question to ask for any new real estate investor, therefore, remains that of the interesting location where he wishes to get started.
An attractive rental investment location is often characterized by the presence of a school or a university, an employment area, and amenities such as transport nearby. The investor will link this data with the type of property he wishes to put on the market.
The location is also important when you think of your potential tenants. If you are planning to invest in a luxury apartment and plan to rent it out to students, then you must not choose such property.
Diversify your investments
If you want a quick return on a rental investment, you should rather focus on smaller residential units in the area where rental demand is rising. Rather than buying one expensive unit, buy more properties that are cheaper and give a good rental return.
Check for the neighborhood
If you wish to make a risk-free real estate investment, incline more towards beautiful neighborhoods and luxury real estate. For example in Islamabad, you can invest in Bahria Town, Gulberg Greens, and CDA sectors, which are the best properties for rental income.
The immediate environment determines the attractiveness of a property for a tenant. In all cases, it is in the investor’s interest to plan for the long term in the areas in which to buy, to anticipate a good rental return.
The importance of cost-effectiveness
It is a golden rule in real estate: a good investment is well negotiated with the purchase. For this, it is imperative to buy below-market prices even if you are buying to rent out. Why? This is to drive the rate of return upwards, of course.
A real estate investment below market prices ensures you an interesting capital gain on resale. This is a detail that must be kept in mind, from the moment you buy the property. If market prices are on the rise when it comes time to resell, it is all good for the investor, if it falls, there should be at least a guarantee not to lose the initial investment.
To buy below-market prices, there are several tips, the main ones being: knowing how to negotiate the rate or take the services of expert real estate agents.
Consult real estate agency
Real estate professionals know all the tricks that make it possible to lower the price of a rental investment upon purchase. In particular, they know how to spot sellers in a hurry, properties that have been on the market for too long, or those with drawbacks.
Before buying, you can consult the expert agent of Manahil Estate by calling 0345-5222253 or sending an email to marketing@manahilestate.com
We would guide you about real estate investment opportunities in Islamabad and ensure that your investments are profitable.
Survey rental demand
A rental real estate investment project is only really well put together once we have ensured that it meets demand on the rental market, before any rental.
First, learn about the type of real estate investment to be made, by checking the offer on large classified ads sites such as OLX, etc. If one has doubts about the local rental demand, you can search online the rental ads for that location.
However, two other things you should consider: potential rent and future rent. The potential rent is the rent the current owner could get right now. The future rent corresponds to the assumed increase in the rent based on the property, its environment, and the increase in demand.
