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Real Estate is one of the safest ways to invest in Pakistan. It usually offers a lucrative return of investment in a short amount of time. For this reason, real estate has become one of the most popular fields to invest in.
However, investing in the wrong housing society will result in considerable loss and can even result on your money being stuck for a long period of time which is why there are a few things you need to check off your list. Make sure each one of the following is checked off from your list because only a housing society that checks each one of the boxes will be a safe investment.
Make sure you check approvals from the relevant housing authority. Ask for evidence, do not believe everything your dealer tells you, ask them to provide all the evidences before being assured. Check the website of the relevant authority to see if the society is approved.
Make sure that you or someone you fully trusts visits the place and the potential yourself. You need to believe what you see from your own eyes, not what your dealer tells you. Here is what you will be looking for
Check to see the capital gain the housing society has witnessed. Have the prices doubled, increased, decreased or stayed the same?
You can expect the graph rate to follow a similar trend in the future. If the price was the same for the past few years that is a huge red flag and you need to back out. If the prices have taken a dip, that’s also a sign that you need to look elsewhere.
So now that you have done your homework and are all set to make your first investment, you need to make sure that you invest in multiple promising place not just one. Doing this optimizes your chances of generating a handsome ROI.
While investing in real estate, always consider it a rule of thumb to never put all your eggs in the same basket.
Also, once you have made your investment, you need to check the market value of your investment every 3-6 months and take out money if the prices are either taking a dip or stay the same even after one year of investment. Remember, your real estate investment needs to increase within a period of one year at the most. If they aren’t take out your money from that place and invest else where.
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