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3 Guidelines for Selling High-End Properties in Bahria Town

Mansion with a large fountain

Selling a luxurious home in Bahria Town or other high-end locations is different than selling a low-priced property in a low-income location. To ensure you get the high-end price your property deserves, here are some guidelines that should be part of your strategy:

  1. Create a Psychological Buyer Profile

The first thing you need to determine is the type of buyers you can expect. Luxury property usually attracts affluent individuals and families, which is a small niche in the market. Trying to widen your chances by attracting those who cannot afford the price you are asking for will be a waste of time. The longer the property remains on the market, the lower its value.

Determine your ideal buyer by asking yourself a few questions. Are you selling to families? What are the unique selling points of the house that they would like? Is it close to schools, restaurants, and shops? The answers will help attract potential buyers who may be willing to make an offer immediately.

  1. Determine the Right Price

Contrary to popular belief, a luxurious home in Bahria Town does not have to sell at the highest price you can get for it. A good rule of thumb is to ensure the price remains competitive, i.e., comparable to other lavish properties in the area.

While expensive properties usually remain on the market longer compared to the non-luxury variety, the competitive pricing will attract more prospective buyers who may be looking in that price range.

 

  1. Work With an Experienced Luxury Realtor

Professional luxury realtors with experience in buying and selling real estate in high-end areas, such as Bahria Town, can navigate this unique niche market expertly. This includes determining the price that a particular property should be sold for, how the home should be staged, the type of buyers you should target, and how it should be advertised to appeal to said buyers.

Why You Should Opt For NB Real Estate

This is where the services of NB Real Estate come into the picture. Nasreen Bilal is a leader in the Bahria Town real estate scene and is particularly proficient in buying and selling luxury properties for investors. Some of her influential clientele include foreign investors, people from the entertainment industry, and affluent families who need to invest in upscale and commercial real estate.

NB Real Estate is the premier source for information and services pertaining to real estate In Bahria Town. Contact us by dialing 0334 2077116.

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3 Tips for Finding the Ideal Rental Home

 

Is this your first time looking at homes for rent in Bahria Town? The worst thing you can do at this point is to get overly excited about a property. You won’t get sufficient information from a single viewing, and you won’t be able to make an informed decision. Here are some tips that you should follow before you move into any rental home:

  1. Determine Your Budget

Before searching for a home to rent in Bahria Town, take a long look at your financials, and how much you can spend. Generally, you should not spend more than 30% of your income on housing expenditures.

If that is possible for you and you can handle your debt, grocery costs, savings, and miscellaneous costs as well, you should finalize your decision. However, keep in mind that some landlords have specific requirements when it comes to a tenant’s income.

  1. Check the Water Pressure

Most people forget to check the water pressure, only to find out later that either the house they are renting has issues related to water supply or plumbing. So, when you are going through the property for the first time, check all of the taps and showers. This includes the ones in the bathrooms and the kitchen, which may not work as well as you think they do.

If you detect a problem in the water pressure and have your heart set on the property, you can negotiate the rent before signing the agreement. If you do this after signing, you may have to pay for maintenance out of pocket but, in most cases, this falls under the landlord’s legal obligations.

Thankfully, Bahria Town and has strict rules regarding this and if you work with someone like Nasreen Bilal, you won’t face any issues.

  1. Look Over the Security Deposit

As part of moving in, you will have to set down a security deposit with the landlord. This money is meant to cover the cost of any damages caused during your stay. Find out the exact amount of that deposit and its terms, especially the one related to when your landlord can and cannot keep it.

Usually, the amount has to be returned to the tenant once they move out. For example, the landlord takes a portion to pay for a damaged staircase or broken fixtures that were in perfect condition before the tenant moved in.

Plus, make sure that there are no special provisions in the lease, which can give the landlord more power over that amount than they should have legally.

Call Nasreen Bilal

Nasreen Bilal of NB Real Estate is a leading figure in the Bahria Town real estate business and has worked with several clients who want to sell, buy, and rent out a property. If you wish to buy properties to let or want to increase your portfolio as a real estate investor, contact her by dialing 0334 2077116 or visiting her Facebook page.

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Top 3 Questions You Should Ask a Property Manager

Holding cash in front of a luxury house

If you are investing in rental properties, you can reduce your operating costs significantly and increase revenue at the same time by hiring a competent Bahria Town property manager. While you can manage properties yourself, you might lose more money than you make from the rent you receive from tenants. An expert professional who knows how to communicate with them and ensure regular maintenance can help you earn more.

Of course, any manager won’t do. To ensure you choose one that you don’t regret hiring, ask each potential candidate the following questions:

  1. How Can You Improve Cash Flow For My Properties?

In an ideal world, every tenant would pay rent on time, and you can get the best repair deals from every vendor you approach. Unfortunately, the reality is harsher. Even if you think you have the best pricing from a vendor, someone else may offer the same services for a lower price, or renters may fall behind on their rent multiple times a year.

A competent and experienced property manager will not allow things to come to this point by taking all the required steps. These steps include ensuring that each tenant pays the rent on time, controlling expenses by forging relationships with reliable vendors, and ensuring that your properties generate steady cash flow.

  1. Do You Have a Team?

A successful and efficient Bahria Town property manager should have several staff members who can handle grunt work or streamline the services on offer. The more people they have, the better, especially if your properties are spread out across Bahria Town or are numerous.

Of course, even a large team can prove to be incompetent if the members do not have sufficient training or expertise in property management. Make sure that you ask about their credentials and their role in the company so you can get a good idea as to how your assets will be managed.

  1. What Is Your Fee Structure?

In most cases, the amount paid to Bahria Town property managers is based on the rental income that comes from the properties under their care. However, the amount also includes additional charges, such as for maintenance markups, emergency services, finding tenants, evictions, court charges, etc.

To make sure that their clients don’t end up paying for services they don’t need, a reliable property manager will outline a clear fee structure in writing and make it part of the management contract.

Get the Best Property Management Service from NB Real Estate

Nasreen Bilal is well-prepared to be the first line of defense for property owners and investors in Bahria Town. As your go-to service for tenant dispute resolutions and reliable maintenance services, our goal is to ensure our relationship with clients is as transparent and efficient as possible. Call us now at 0334 2077116

 

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