Tips To Hunt The Right New Property In Islamabad
Property hunting is a cumbersome task if you are hooked on the right people. However, there are chances of fraud in the property purchase as well. Islamabad is the hub of the booming real estate market in the country and many people are interested to buy property in Islamabad. It is important to follow the right set of tips to avoid any inconvenience in the future.
Take a Glimpse at Your Budget
Oftentimes, it is seen that people step out of their budget when they buy property in Islamabad and they end up losing value over time. You will have to look at your budget and then decide on the size and location of the property.
Even if you are short of money, you can always apply for home finance and banks will measure your credit history and appropriately design the payment method for you. Since Islamabad is the capital of the country, it is comparatively more expensive than any other city. But there are new housing societies that are opening in Islamabad with an easy payment plan that will not exceed your budget.
Bigger Property – High Maintenance Cost
It is not necessary to always look for the bigger properties, as they come with an additional cost of maintenance. This tip is in line with looking at your budget since you will have to maintain your property to retain its value.
If you can maintain a huge property, you can look for the new developing housing societies in Islamabad as the locations in the city that are reasonably priced. The bigger properties in the city center are expensive and they have already reached their value saturation point.
Invest in New Housing Societies
Islamabad is becoming the central location for real estate investors because of the new housing societies being developed in the city. These new housing societies are of great value to money because of their affordable rates and easy payment plans.
Moreover, new housing societies have always a large margin of profit when it comes to reselling. If you are looking at the properties from an investment point of view, you will be surprised to see their worth in the coming years. Some of the new housing societies in the city are:
- Blue World City
- Capital Smart City
- Top City-1
- 7 Wonders City Islamabad
- Silver City
- Kingdom Valley
- Nova City
- Gulberg Greens and Gulberg Residencia
- Faisal Hills
- MPCHS
- Taj Residencia
Invest in New and Developing Sectors of CDA
The Capital Development Authority (CDA) has issued tenders for the development of their new sectors. These sectors are going to include G-15, E-12, C-13, C15, C16, H-16, I-17, F-13, E-13, and D-13. Moreover, the work on Margalla Road is also underway that is going to connect many new housing societies and these new and developing sectors.
The development for some of the sectors is being done by the private investors and they are offering reasonable rates in CDA-approved sectors. As seen in the past, CDA-approved sectors have much more value than any regular housing society. Your property worth is going to increase manyfold if you purchase land in one of the above-mentioned sectors.
Also Read: Best CDA Sectors to Invest in Islamabad.
Hire a Real Estate Agent
Islamabad is a diverse market and this is the reason that the investors need to be always on their toes. For Overseas Pakistanis, and new investors, the market dynamics are difficult to understand so it is better to hire a credible real estate consultant.
The real estate agent will not only help to buy property in Islamabad within your budget but he will also assist with the paperwork. In some cases, the agent can also get you discounts on your purchase.
Conclusion
Islamabad is a great location for people who like peaceful living with little hustle and bustle of the city. If you want to enjoy nature while living in the city with all its amenities, then you should buy property in Islamabad. The above-mentioned tips are especially going to be helpful for the new investors and overseas Pakistanis as this will save them time and energy and make their experience of property hunting more enjoyable.
To buy property in Islamabad at good rates and in the best locations, contact Manahil Estate at 0345-5222253
Read More: Benefits Of Buying Property In Islamabad
