No Comments

3 Best Tips for Investing In Bahria Town Real Estate

Monopoly houses on coins

When looking for the best real estate in Bahria Town, a property that can sell later for a good price, the following guidelines and tips can help you make an informed decision:

  1. Determine Tax Benefits

Government officials want private investors to buy and sell housing for citizens because if they don’t, the state will be responsible for providing it. This results in impressive tax benefits that you can avail, such as depreciation write-offs. In other words, when you buy a property that covers an entire building, you can write off the depreciation value of the said building as a tax deduction.

You can enjoy this benefit for 27 years in the case of residential properties and almost 40 years in the case of commercial property. Still, consulting with a tax advisor for specific details regarding benefits is advised. Since these investments are seen as a business, you can benefit from other deductions as well, such as for insurance, maintenance charges, and interest on mortgage.

  1. Check Your Credit Report

If you are a novice investor, chances are you will need to borrow money to purchase the best real estate in Bahria Town. However, no bank will lend you the money if your credit report is questionable or has problems. To prevent this from happening, check the report and resolve issues beforehand, especially mistakes. This measure will also improve your credit.

Keep in mind that banks are not very willing to lend money for properties that will not be used as primary residences since their loans are for properties that are meant to be homes. In other words, if the former is the case, your credit report has to be pristine to convince them that you are reliable enough to be trusted.

  1. Use the 1% Rule

If you wish to buy properties to rent out to tenants, determine whether they are worth the price you are willing to pay for them by using the 1% Rule.

It’s simple. According to this rule, a property that is meant to generate income should produce at least 1% of the amount you paid for it each month. That way, you can earn back the money you paid for the house sooner rather than later and ensure a healthy ROI.

Allow NB Real Estate to Find the Best Property for You

Nasreen Bilal is a leader in the real estate business and has worked for a number of high-end clients by helping them find lucrative investment and luxury properties. This includes foreign investors who are in search of commercial and upscale real estate. Find out more by dialing 0334 2077116.

 

No Comments

Features of a Great House in Bahria Town

Bahria Town Villa

 

If you are stuck in your house search, you have come to the right place! Buying a house is a lengthy and challenging process. There are plenty of things you need to consider before making your final decision.

Your real estate agent probably showed you plenty of listings and took you to a few open houses. So, why haven’t you found your dream house yet? Sometimes, a property just clicks with you and lets you know that it’s the one. Other times, you have to evaluate from top to bottom and far to decide if it’s the right fit for you and your family.

Below are the features of an Bahria Town real estate that makes it a great buy:

1.     The Neighborhood

Finding a house in a good neighborhood is extremely important. Imagine living near a university and mingling with a pool of students? Most of them would be renting the apartments or condos right next to you, creating a ruckus you won’t be able to handle. If you are a family man, choose a neighborhood that has an active community and like-minded people. Bahria Town is a prime example of one such community where you can have peace of mind.

This brings us to the second feature.

2.     Schools

Even if you are not a family man, think about the future. If you are planning to have a family in the next few years, choose a neighborhood that has a good schooling district. You will be happy to know that such nearby facilities increase the value of the house and allow you to sell it later with a nice profit.

3.     Amenities

Before making a final decision, why not tour the neighborhood? Does it have amenities such as restaurants, gyms, parks, movie theaters, and other such perks? If yes, you have hit the jackpot.

4.     Crime Rate

Most people don’t pay any attention to a neighborhood’s crime rate. To ensure your family’s, check the online data for crime in the area. Check the frequency of petty and serious crimes and vandalism in the area. Do pay attention to whether the crime rate is increasing or decreasing.

5.     Number of Available Listings

The vacancy rate of a neighborhood affects the price of a house and so does the job market. If the vacancy rate is low and a new company has moved into the area, you will see the prices hike up. This also depends on seasonal change. Make sure to find out whether it’s the former or the latter, causing the housing prices to increase. Remember, if you plan to sell your house in the future, this feature will help you determine the correct asking price.

A few other features that affect a house’s position include the frequency of natural disasters in the area, future development plans, and property taxes. Pay more attention to the features mentioned above, and you will find your dream house in no time.

The one place that meets all the criteria above is Bahria Town. It seems to have become one of the prime examples of peaceful family environments in the country.

If you are looking for affordable house listings, visit the NB Real Estate page. Consult with their professional Bahria Town realtor to find out what type of Bahria Town real estate you would qualify for. For further information, call 0304 1113223.

 

No Comments

How to Negotiate Like a Pro

Bahria Town Realtors

So, after years of saving, you have finally decided to sell your house and buy a bigger one in a better neighborhood. First of all, congratulations!

We know how difficult it can be to sell a house that you are emotionally attached to. There are just too many memories and leaving them all behind can cause you to make a mistake during the sale. A potential buyer might back off after the first visit or things might not settle between you and him during the closing. There are plenty of reasons for the buyer doing this. So, before something like this happens, why not learn the tricks to negotiate like a pro to lock in the buyer?

Below are five ways on how to negotiate like a pro for your Bahria Town real estate:

1.     Set the Price Right

From the get-go, price your house right! You probably have a figure in mind that you are planning to write in the listing. Keep in mind that the price tag you put on the house should not be based on how much you want but on how much the house is worth. So, look at the comps in the neighborhood, factor in your luxury feature, and then set the asking price.

2.     Do Not Reject Low Offers

Most homeowners reject the first offer in hopes of getting better ones in the future. A house rarely gets multiple offers unless it’s in a prime real estate location. So, if the first offers seem lowball to you, don’t reject them immediately and think it over.

3.     Have a Backup Plan

If your house doesn’t get the kind of offer you were hoping for, that’s not the end of it. The home inspection might have revealed a few flaws you don’t have the budget to fix. In case something like this happens, have a backup plan. You can either reduce the asking price or offer incentives, such as home insurance or electronic items in the kitchen.

4.     Be Realistic

Taking a lowball offer is better than having no offer at all… wouldn’t you agree? So, when an offer comes in after a while, consider it carefully. Perhaps, this is the best offer you could get. The more time your house will spend on the market, the fewer offers it will receive! This is because potential buyers might assume that there’s something wrong with it, which is why it’s not selling.

5.     Price with Un-Even Number

If your house’s appraisal reveals that it’s worth PKR 40,000,000, make its price an un-even number instead of pricing is exactly that. For example:

PKR 40,000,000

PKR 42,500,000

PKR 41,435,543

These numbers show the buyer that you have calculated every last rupee and put much thought into pricing your house. Such pricing creates a good first impression and tells the buyer you care about the house.

And that’s how you remove your emotional self from the home selling process and negotiate like a pro! Want someone to help you with the process? For quality Bahria Town real estate, you need to consult a professional realtor. To get in touch with one, visit NB Real Estate or call on 0304 1113223.

© 2021 NB Real Estate Builders & Developers. All rights reserved. Powered by Viralad