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Elements of Style: Designing a Home & a Life

Everyone has their unique style and preferences. This is why it’s important to create a cohesive and aesthetic design for your home and life. A cohesive design with aesthetics means that all of your interior and exterior design choices support and enhance one another. It helps you create a harmonious and beautiful space that you can be proud of.

When you have a cohesive design aesthetic, you’re not just looking at your home as a place to live. Therefore, it is also an expression of yourself. From choosing colors to selecting furniture, everything you need to know to create an aesthetic design for your home. So whether you’re looking to update your entire home or just want to update a specific area, read on to learn more ideas.

Defining a design aesthetic

Designing a cohesive design aesthetic for your home and life can be a daunting task. However, it is well worth the effort. A cohesive design aesthetic not only looks good. It also helps to simplify your life and make it easier to live in a space that’s pleasing to you.

When you have a cohesive design aesthetic, you’ll be able to focus on creating a space that’s functional, stylish, and calming. You’ll also be able to create a space that’s versatile and can be used for a variety of different purposes. One of the best ways to achieve a cohesive design aesthetic is to start by thinking about your needs as a person.

What kinds of things do you want in your home and life? What do you want to see more of? Once you have a good idea of what you want, it’s time to start thinking. You can learn more about the design elements that will help you achieve those goals. When homeowners have an attractive space, they will not stop getting compliments from guests.

Elements to consider for your home and life

Some of the most important design elements to consider for your home and life are color, texture, light, and material.

  1. Color 

Color is one of the most important elements of design. You should think about the colors that will best represent you and your personality. For example, if you’re a minimalist, you might want to stick to colors that are light and airy. If you’re a more creative person, you might want to think about colors that are more vibrant and creative.

  1. Texture

The texture is also an important element of design. You should think about the textures that will best represent you and your personality. For example, if you’re a minimalist, you might want to stick to textures that are smooth and sleek. If you’re a more creative person, you might want to think about textures that are more bumpy and textured.

  1. Light

Light is also an important element of design. You should think about the light that will best represent you and your personality. You might want to use light fixtures that are sleek and modern. If you’re a more creative person, you might want to use light fixtures that are more rustic and traditional.

  1. Materials

Material is also an important element of design. You should think about the materials that will best represent you and your personality. Homeowners can use materials that are sleek and modern. If you’re a more creative person, you might want to use visually appealing materials.

Creating a style guide

When it comes to designing your home, it’s important to have a style guide in place. This will help you create a cohesive look for your whole life, not just your home. You can use this document to help you with everything from choosing furniture to choosing colors.

Creating a style guide is a great way to keep your design ideas consistent and organized. It’ll also help you to stay on top of trends and make sure your home looks modern and stylish.

Applying a design aesthetic to your home

Creating a cohesive design aesthetic for your home is important not just for the look and feel of your place. It is beneficial for your day-to-day life too. An aesthetic design can help you declutter, organize, and streamline your home. It will help you focus on the things that matter most.

You can start to outfit your home with pieces that match and reflect your style. This will help you to declutter and make your home look more organized. A great way to start applying a design aesthetic to your home is by creating a mood board. This is simply a collection of images that help you visualize your goals for your home. Once you have a good idea of what you want, you can start shopping for pieces to achieve your goal.

Applying a design aesthetic to your life

Creating a cohesive design aesthetic can be done in several ways. You could go all out and purchase a specific style of furniture. Why not paint the walls a certain color, and have a certain type of rug on the floor? Or you could go with a more subtle approach and simply choose coordinating colors, furniture, and accessories. Whichever route you decide to take, be sure to keep the following concepts in mind:

  • Balance: always try to strike a balance between formal and informal elements.
  • Coordination: choose items that are complementary and coordinate them together.
  • Aesthetics: choose items that are stylish, eye-catching, and functional.
  • Comfort: make sure all the items in your home are comfortable and easy to move around.
  • Timing: choose items that will work with the style of your home and life.
  • Patterns: use patterns sparingly, but when they are used, make sure they are well-designed.
  • Storage: make sure you have enough storage space to accommodate your chosen design aesthetic.
  • Functionality: make sure all the items in your home are useful and serve a purpose.

 

 Conclusion

When it comes to home design, it’s important to be patient and take your time. No one wants to go through the process of redecorating only to have their dream home turn into a nightmare. It’s important to have a clear vision for your home and to stick to it, no matter what.

Elements of Style: Designing a Home & a Life

Saturday, 25 February 2023 by feeta_admin
Everyone has their unique style and preferences. This is why it’s important to create a cohesive and aesthetic design for your home and life. A cohesive design with aesthetics means that all of your interior and exterior design choices support and enhance one another. It helps you create a harmonious and beautiful space that you
  • Published in 5 Marla House Design Ideas, Bathrooms, Designs by Style, Dining Rooms, interiors, International, Living Rooms, News, Real Estate

Interior Design Course

When you want to renovate your home or design a new one, choosing the right interior design course is essential. There are so many different courses and programs out there, it can be hard to decide which one is right for you. In this post, we are going to recommend the best interior design courses in Dubai.

These courses will teach you everything you need to know about designing a home from start to finish. From choosing the right flooring to selecting the right furniture, these courses will have you designing your dream home in no time. So whether you are looking to renovate your home or design your very own, read on for the best courses in Dubai.

Interior Design Courses in Dubai

If you are looking to learn about Interior Design, then you have come to the right place. There are many courses available in Dubai, and the best one for you will depend on your career aspirations and what you want to learn.

If you are working in the Construction or Real Estate industries, then you will want to take a course that covers Construction Methodologies and Specifications. If you are looking to start your own business, then you will want to take a course in Brand Planning and Strategy.

Not sure which course is best for you? Consult with an Interior Designer or look online for reviews and ratings to get an idea of the quality and content of the courses. Once you have decided on a course, don’t forget to check the course timetable to see if there are any special offers or discounts available.

Types of Interior Design Courses

There are many types of interior design courses to choose from if you want to become an interior designer. Whether you want to learn about traditional European and American interior design or want to get started in modern interior design, there’s a course for you.

Some of the most popular courses you can take in Dubai include:

  • Interior Design Course at The American University in Dubai
  • Interior Design Course at The London School of Economics and Political Science
  • Interior Design Course at The University of Southern California
  • Interior Design Course at The University of Queensland
  • There are also many online courses that you can take, such as:
  • Interior Design Course via Coursera
  • Interior Design Course via Udemy
  • Interior Design Bootcamp via Skillshare

The best way to find the right course for you is to do some research and find a course that suits your needs. There are many courses to choose from and it’s important to find one that will help you to develop your skills and knowledge in interior design.

Selection Criteria for Interior Design Courses

Choosing the right interior design course for you is important. There are many criteria you need to take into account before making your decision, including the level of experience, type of course, location, and course length.

Level of experience:

If you have no experience in interior design, a course that teaches the basics will be more beneficial than one that goes into more detail.

Type of course:

Some courses are designed for people who want to become professional designers, while others are designed for people who want to learn more about a certain area of interior design, such as lighting or furniture.

Location:

Choosing a course that is located in the city where you live or work is a good idea because you will be able to attend classes and meet other students.

Course length:

Some courses are short, while others are longer. You should choose a course that is the right length for you.

Recommended Courses for Interior Design Students

If you’re an interior design student in Dubai, it’s important to have the right tools and knowledge to succeed. Here are some of the best interior design courses in Dubai that will help you get started.

  • The Institute of Interior Design in Dubai is a well-known institution that has been providing excellent interior design courses for students for over 30 years. The courses offered include traditional and contemporary interior design, furniture and textile design, architecture, and construction.
  • The National Design Academy (NDA) is a world-renowned institution that offers a range of interior design courses, including traditional and contemporary interior design, furniture and textile design, construction, and graphic design.
  • The American University in Dubai offers a range of interior design courses, including traditional and contemporary interior design, furniture and textile design, construction, and landscape architecture.

The courses offered by these institutions are highly respected and are sure to help you succeed as an interior design student in Dubai.

Interior Design Schools in Dubai

If you’re looking to get into interior design, there are a few schools you can attend in Dubai. Depending on your level of experience and what type of design you’re interested in, some schools will suit your needs.

Choosing the right school is important, as it will set the tone for your education and career. Make sure to do your research and choose the school that best suits your needs. Here are a few of the top schools in Dubai.

  • The American Academy of Interior Design (AAID) was founded in 1978 and offers a three-year program in Interior Design.
  • The British School of Interior Design (BSID) was founded in 1984 and offers a three-year program in Interior Design.
  • The School of Architecture and Design (SAD) is a government-owned university and offers a four-year program in Interior Design.
  • The American University of Sharjah (AUS) is a private university and offers a four-year program in Interior Design.

Duration of Interior Design Courses

There are many different Interior Design courses that you can take in Dubai. The duration of the courses can range from one week to one year. The most popular Interior Design courses in Dubai are the Foundation Level Interior Design Courses and the Advanced Level Interior Design Courses.

The Foundation Level Interior Design Courses are for those who are new to Interior Design and want to learn the basics of Interior Design. The Advanced Level Interior Design Courses are for those who are experienced in Interior Design and want to learn more about the advanced techniques and concepts of Interior Design.

Both the Foundation Level Interior Design Courses and the Advanced Level Interior Design Courses are internationally recognized and accepted by many universities around the world.

The duration of the courses will determine the amount of time that you will need to spend in Dubai. The courses are offered in English and you can choose to study either at the Foundation Level or the Advanced Level.

Conclusion

Finding the right interior design course in Dubai can be a daunting task. After all, there are a lot of options out there. However, with the help of this guide, you’ll be able to narrow down your search and find the perfect course for you.

Interior Design Course

Saturday, 25 February 2023 by feeta_admin
When you want to renovate your home or design a new one, choosing the right interior design course is essential. There are so many different courses and programs out there, it can be hard to decide which one is right for you. In this post, we are going to recommend the best interior design courses in
  • Published in Designs by Style, Dining Rooms, interiors, International, Living Rooms, News, Real Estate
Property Marketing by Agents In Pakistan

Property Marketing by Agents In Pakistan

Pakistan is rich in natural beauty, with spectacular mountain peaks, lush green landscapes, and fascinating archaeological sites. Its diverse environment and resources make it one of the few countries with a diverse environment. When one visits there, they find cultural heritage, known as the heart of cultures. Pakistan is a developing country, and in recent years Pakistan has been drastically focusing on its infrastructure expansion due to the CPEC project and the development associated with it, like building dry ports, Gwadar port, and airports. Such developing areas attract many real estate investments from private and government sectors as people prefer to live next to or in commercial areas. In Pakistan, real estate marketing involves capturing the attention of investors by displaying the commercial value of a particular area and the perks it brings along. People know and are interested because the area currently developing will be developed and will eventually generate massive revenue.

What Is Property Marketing?

Property marketing is a type of marketing that focuses on selling real estate, both commercial and residential. New build developments or property resales involve branding, positioning, and promotional techniques (advertising and public relations).

Property Marketing In Pakistan:

The property business has a vast scope in Pakistan. It is the most profitable investment segment. Pakistan’s real estate market has been one of the fastest-growing pinnacles developing sectors withinside the economic system of Pakistan since the beginning of 2021. It continues to be developing at a non-stop pace. But how is this sector doing its marketing in Pakistan?

Through Websites:

Real estate websites provide customers with ease and sellers with visibility. Before scheduling a live tour, buyers can look through hundreds of photographs, videos, and features of the home. Real estate Sellers who list their properties on these sites reap the same benefits: A home can be viewed by hundreds, if not thousands, of potential buyers online without having to visit.

Through Social Media:

Social networking is the best tool for real estate professionals in Pakistan and worldwide to keep current. It’s an excellent tool for determining market trends, real estate wants, and devising new ways to communicate with not just your clients but also your competitors.  Among many social media platforms, Facebook is taking a lead mainly due to its friendly interface.

Facebook:

Facebook revolutionized social media. We still think of it as the forerunner of all social media a decade and a half later. Because Facebook is such a vast platform, publishing an ad there ensures that your message will reach many people and is a great place to meet professionals. The constantly updating news feed will allow you to meet a lot of potential clients.

Through Word Of Mouth:

Relationships are what drive business for real estate professionals. The last person you assisted in purchasing a house will be able to recommend you to their friends and family. The mortgage broker you frequently promote to your clients, as well as the construction crew. You also worked with a construction crew to fix up a house you were listing, which can be held liable. You win when happy customers and business partners choose to share their positive experiences with you publicly.

Through Ads:

Ads are one the best and most effective ways that agents use for marketing purposes. Facebook ads help agents to target their micro-audience. You can target your Facebook ads to a specific audience interested in real estate or who is looking to invest. For example, these agents target individuals living in Lahore to invest in Murree or Islamabad with rental income.

Through Billboards:

While many real estate investment firms and individual investors have shifted their focus to online platforms or remain reliant on direct mail, billboard advertising still complements existing efforts. Real estate marketing on billboards can still be effective. It’s a fantastic method to go huge. This may be the best way to stand out, attract attention, and control their markets for real estate owners.

Conclusion:

Many local Pakistanis and Pakistanis living abroad are investing in the real estate business, making it the country’s most successful sector at the moment. Because of the earnings and benefits, real estate investment is encouraged more than in any other sector. Not only is building progressing at a faster rate, but it has also provided many jobs for the Pakistani people.

For more information on the real estate sector of the country, keep reading Feeta Blog.

Property Marketing by Agents In Pakistan

Thursday, 04 August 2022 by feeta_admin
Pakistan is rich in natural beauty, with spectacular mountain peaks, lush green landscapes, and fascinating archaeological sites. Its diverse environment and resources make it one of the few countries with a diverse environment. When one visits there, they find cultural heritage, known as the heart of cultures. Pakistan is a developing country, and in recent
  • Published in Real Estate
Generating Sales & Identifying New Prospects In Pakistan

Generating Sales & Identifying New Prospects In Pakistan

The real estate market has numerous highs and lows and is influenced by various elements such as interest rates, economic circumstances, and employment growth. In Pakistan, becoming a prospering and renowned real estate agent is nothing resembling a treasure quest. There are no tightly held secrets either. At the exact moment, real estate may be a demanding endeavor for those unfamiliar with its procedures and strategies. In a dynamic real estate market, lead creation, in particular, can be complex. In Pakistan, the following tips and techniques are considered in the real estate market.

Sales-Generation Tips:

Here are the top sale-generation tactics for a quickly changing real estate sector in Pakistan to help you keep the customers coming in:

Increasing Awareness with Real Estate Social Sites:

Sales generation increases with the use of multiple networking sites. With the advancement of technology in Pakistan, many people conduct online research before buying or selling a property.
Social media usage helps produce real estate leads. To keep in contact with your followers, post the most recent bundles and upgraded real estate lead generating services on your company’s social media page. Use Google Ads and Facebook Ads to promote your business. It is far more beneficial than real estate agent leads. Pakistani people indulged in the usage of apps. They use various applications to buy and sell anything.

To Develop a Local Presence, Participate in Community Service:

Maintaining up to date on community activities is an excellent method to draw attention to a realtor’s website and social media accounts. However, this isn’t always enough, so getting more involved in your community is a great approach to establishing yourself as a significant presence.
As in Pakistan, people are very social. You can get benefit from it by participating in social or cultural events. Finally, getting to know the communities where they work and sell and developing a local presence may be highly beneficial to an agent.

Put your advice into critical consideration to satisfy clients:

Clients are frequently perplexed about what operates for them and what they enjoy. Especially in Pakistan, it is challenging to satisfy clients. The seller will need your total concentration if they want to know how to receive a fair value of a property they possess. Likewise, please inquire about the consumers’ difficulties and worries, and make every attempt to fulfill them to the greatest extent possible.

 

Prospecting Tips:

Here are a few prospecting tips and samples which can help you to enhance your work in Pakistan:

Work in underserved, rising locations:

Prospecting is at the heart of a real estate agent’s job. Sadly, the more vital it is, the more Pakistanis neglect it. It is most likely why we seldom see agents growing or growing in large numbers.
Surveying and prospecting skills are essential in this job. You must learn to conduct primary research to determine to purchase and selling patterns. Agents prefer to work in high-turnover locations where the business’s dynamics are already favorable. Pakistan has numerous areas which are underserved, and people are unaware of them. You can approach these areas and can get benefits out of them. Concentrate your efforts on operating in low-turnover areas to analyze potential clients who interact with agents from high-density areas.

Make yourself a data nerd in your field:

Profound knowledge is power in real estate, as it is in other sectors. Buyers and sellers both do value agents who know stuff they don’t and can talk sensibly about trends, new regulations, or long economic viewpoints for a specific location. It would help if you visited the most common real estate sectors in Pakistan to make yourself a data nerd. Concentrate on a particular topic and devote the required time to mastering it.

Make contact with local employers:

Many larger companies relocate staff from inside the state and even from outside the country. And all of these employees require a place to reside. Contact their human resources departments and seek a casual meeting. Once you’ve gotten inside the door, you may inform the organization that you’re willing to collaborate to ease their employees’ move to a new region.

Positive Attitude:

Excellent communication abilities do not necessitate a high level of competence or knowledge—only your behavior and actions matter. With suitable pauses, hedges, and twists, a clear and sophisticated language will function.

Conclusion:

For Pakistan, the procedure for acquiring clients and customers is simple. You must first attract them to learn about you through marketing, and then you must create a connection with them that will ideally result in a sale. You should collect their contact information throughout the process, either by an email follow-up system or by maintaining your client management list.

For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.

Generating Sales & Identifying New Prospects In Pakistan

Thursday, 04 August 2022 by feeta_admin
The real estate market has numerous highs and lows and is influenced by various elements such as interest rates, economic circumstances, and employment growth. In Pakistan, becoming a prospering and renowned real estate agent is nothing resembling a treasure quest. There are no tightly held secrets either. At the exact moment, real estate may be
  • Published in Real Estate
10 Property Management Tips In Pakistan

10 Property Management Tips In Pakistan

Anyone who has worked in the property management industry understands how competitive it is. It necessitates a wide range of abilities that newcomers may not anticipate. It entails everything from dealing with evictions to negotiating contracts for waste collection, grounds maintenance, and janitorial services.
Aside from being an exciting and lucrative career, the road to success in the property management industry is a long and winding one. You must be well-versed and prepared for the drive if you want to get to your goal. It understands the difference between being a property manager in Pakistan and a consistently successful property manager in Pakistan.
Consider these ten property management pointers to assist you in dealing with various challenges and scenarios in Pakistan.

Skills in Organizing:

The ability to organize is the first and most crucial talent required of a property manager in Pakistan. It includes talking with tenants, maintaining a complete record of each property, and keeping track of any forthcoming duties on a to-do list. It necessitates the competent and efficient management of obligations. In Pakistan, a property manager’s job requires handling many jobs simultaneously, necessitating excellent organizational skills.

Establishing Protocols and Policies:

To avoid miscommunications and potential difficulties with tenants, property managers in Pakistan must have policies and procedures in place. All regulations for tenants should be written down and supplied at the time of lease signing. Similarly, property managers must have protocols in place for a variety of situations.

Understand the law:

In Pakistan, a property manager must check the state’s fair housing legislation on a regular basis. Property managers may be required to have real estate licenses in some states, while others may demand different certificates or licenses.
He must keep up to date and ensure that he follows all regulations; if he has any legal questions, he should see a property lawyer or an attorney. To avoid any rental troubles, use a search engine to look up the regulations for the state in which you plan to manage properties.

Check out your Tenants:

Many experts stressed the importance of selecting the correct tenant and that there is no substitute for a thorough screening procedure. In Pakistan, it’s critical to ensure that your tenant screens are as thorough as possible so that you can distinguish between excellent and unreliable tenants. The most significant tenants are individuals who can pay on time, take care of the property, and have no criminal history.

Attempt to Resolve Disputes Without the Need for Lawyers First:

Meeting with the renter and addressing the issue helps resolve many tenant conflicts. Before threatening eviction and bringing in a lawyer, follow all property protocols. Noise violations, late rent payments, and management’s inability to enter the flat to undertake repairs are among the most typical complaints in Pakistan.

Abilities in Finance:

Because you may be responsible for negotiating lease agreements, collecting rent and utility payments, paying vendors, and tracking daily spending as a property manager in Pakistan, you must have a thorough understanding of financial management. As a result, you may utilize a search engine to look up different accounting software applications and rapidly produce reports, as well as keep an updated spreadsheet to track your earnings.

Marketing Skills:

Marketing abilities are one of the most undervalued aspects of property management that are often overlooked but are equally vital. Marketing is necessary to advertise vacant apartment units and to be able to write compellingly about them.
Knowing how to write a professional property description, take high-quality images, and create exciting video tours may help you showcase the most significant features of the homes you manage and pique potential tenants’ interest.

Maintain Thorough Digital Records:

Physical mounds of paper are significantly more challenging to sort through and file than digital records. You don’t need to waste time digging through your files for something specific, like a maintenance receipt or contact with a tenant, to find that the records are inaccurate or missing.

Make use of the Internet:

The usage of Internet is expanding in tandem with the country’s advancement. The Internet is used for various tasks in today’s society, ranging from marketing to corporate administration. As a result, instead of fighting the times, it is wiser to evolve with them. A few examples are creating online ads for your vacant homes, finding tenants online, and researching the best maintenance companies.

Keep Regular Office Hours:

It may appear to be Pakistan’s most basic property management idea, but your renters must know when the management office staff is available for non-emergency issues. Tenants may quickly notify property management when a maintenance call is needed, rather than putting it off and letting the condition in their apartment deteriorate, perhaps resulting in costly repairs.

Conclusion:

Property management in Pakistan is a 24-hour-a-day job that requires constant attention. Property management may be both fascinating and profitable, but it requires both time and money. It’s a fast-paced, fiercely competitive market. As a result, it’s critical to have skills and abilities that allow you to stay ahead of the competition. These habits, along with self-discipline and drive, will benefit both your professional and personal lives.

Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Property management in Pakistan.

10 Property Management Tips In Pakistan

Thursday, 04 August 2022 by feeta_admin
Anyone who has worked in the property management industry understands how competitive it is. It necessitates a wide range of abilities that newcomers may not anticipate. It entails everything from dealing with evictions to negotiating contracts for waste collection, grounds maintenance, and janitorial services. Aside from being an exciting and lucrative career, the road to
  • Published in Real Estate
Real Estate Operations and Productivity

Real Estate Operations and Productivity – All you need to know about it Pakistan

Several problems have hampered the development of Pakistan’s real estate markets. In many situations, the limits are a complicated consequence of ancient and contemporary historical processes and the methods in which the economy has been managed since 1947. The comprehensive real estate management platform is called Real Estate Operations (REO). It offers the funds with strategic management and an end-to-end service offering, focusing on delivering consistent, high-quality service, systems, processes, reporting, and people. Procurement, facilities and technical assistance, sustainability, safety, the environment, capital transactions, marketing, and communications, project management, research, and commercial development are all included in Real Estate Operations and Productivity.

Real Estate Operations Tips:

An agent’s ability to negotiate deals, arrange appointments, and assist clients is critical to their success in real estate. The best real estate agent success ideas assist in the generation of a steady supply of high-quality leads. In 2021, the following suggestions can help you become a more effective agent in Pakistan:

Make a Business Plan First:

We should revisit or create a business plan for the following year at the end of the previous year. This may appear to be a time-consuming activity, but it will reveal which actions helped a business expand in the last year and which ones failed. Consider a business strategy as a recipe or set of instructions for repeating what worked in the past.

Categorize Your Contacts in a Database:

People generally add everyone and anybody they encounter in their contact database when they first start as real estate agents. However, over time, you’ll see that some leads are more likely than others to result in a property purchase or sale in Pakistan. This is why it’s crucial to categorize connections so that your time and resources are focused on clients who refer your business frequently.

Expand Your Circle of Influence:

The best leads and future business sources are people who know, love, and trust you. These people extol your praises and have direct knowledge of how you run your company. You’ll want to stay in touch with this group of people regularly or “in the flow” with them because they’ll refer you to relatives and close friends.

Recognize that Real Estate is a Full-time Job:

Real estate in Pakistan is not a club that you join and then decide not to attend meetings at times. It’s a full-time job and a full-time commitment. You’ve already set yourself up for failure if you think you can do real estate part-time.

Invest in your Company’s Brand:

In Pakistan, name and brand recognition are vital whether you work for a large or small company or have started your own real estate firm. You must have a distinct appearance and feel that people in your neighborhood will recognize.

Real Estate Productivity Tips:

You can’t be everything to everyone in real estate to be successful. You can’t do everything on your own, either.  Following are the most important tips for developing your business in Pakistan while remaining productive and balanced.

Don’t Forget to Structure your Day:

In a business where clients must be catered to, time blocking might be complicated. You may be tempted to make yourself available at a moment’s notice and agree to meet at times that are convenient for others, but this is how you lose control of your own business and time.

DO Establish Strict Boundaries:

When it comes to real estate in Pakistan, boundaries are crucial for survival, success, and mental wellness. Working through the clock may appear to be doing your business a favor by going “all-in,” but you’re harming yourself and your clients by putting yourself at risk of burnout.

DO Make a List of Your Money-making Activities:

You want to handle your firm like a CEO as a real estate agent. And the CEO isn’t in charge of everything; instead, they focus on the tasks that demand their knowledge and attention. The activities with high monetary worth. Start by keeping track of your daily activities to improve your productivity (while avoiding fatigue).

DO Give 110% When it Comes to Clients:

Clients’ most critical expectation is to be heard. In Pakistan, people desire to be appreciated and cared for. They want to feel as if they’re the only ones in the room and that you’ll treat them like royalty.

Conclusion:

Real estate agents in Pakistan try to cram as much as possible into each day, from client appointments to open houses to contracts, all while on the go and using their phones. Every minute saved translates to more time spent on lead creation and growth, so anything that boosts productivity helps a lot.

Stay tuned to Feeta Blog to learn more about Pakistan Real estate.

Real Estate Operations and Productivity – All you need to know about it Pakistan

Thursday, 04 August 2022 by feeta_admin
Several problems have hampered the development of Pakistan’s real estate markets. In many situations, the limits are a complicated consequence of ancient and contemporary historical processes and the methods in which the economy has been managed since 1947. The comprehensive real estate management platform is called Real Estate Operations (REO). It offers the funds with
  • Published in Real Estate
The Agents Real Estate Guide for Gawadar

The Agents Real Estate Guide for Gawadar

Investing in Gawadar can be an excellent opportunity for you. The land of Gawadar has proved to be a game-changer for entire Pakistan. Gawadar is known to become the next Dubai. Investment in Gawadar today can yield you considerable returns in the future. Many developing projects would surely be profitable shortly like Gawadar Port, International Gawadar airport, energy systems, railway tracks, etc. It would not be brilliant of one if they would not invest in Gawadar. However, the investment will grow in Gawadar, that is for sure, but it will take time. Before you invest in Gawadar, know that you will be investing in a long-term project. The following guide will help you make your decision to invest in Gawadar real estate.

Find Trusted & Authorized Agents:

When investing in Gawadar’s real estate, make sure that you choose the land wisely. Don’t buy from any private parties without any real estate office. Make sure that whoever you are purchasing from should have credibility. Ensure that whoever you are purchasing a property from must be approved by the concerned authorities and departments. You can even ask them to show you any registration certificates. After you find such a person, book the land you want to purchase by depositing a token of at least 20% of the total amount.
After you make that deposit, your real estate agent will identify and demarcate the land, who will accompany the local Gawadar DCO office representative and the seller party. Then the exact dimension of the land is provided with a site plan. At this stage, a Bina agreement will be prepared by your real estate agent, and you would be required to pay 30% of the total price to the seller. A transfer date is decided after the transfer of payment is complete. This transfer is followed by a registry document, which seals the ownership of your land.

Pick the Right Mouzas:

Choosing the right mouza is very important. If you have selected the perfect mouza to invest in, then you have kicked start your investment, and your investment in the future will be profitable. In the future, the mouzas will be ranked based on their connectivity with major road networks and highways. The Gawadar Real Estate Developers believe that the mouzas that would be closed to the roads and highways would be of more value, but this is just an assumption that is why do not haste into buying a mouza near the roadside as the Gawadar master plan isn’t released yet.

Additional Expenses on Purchase:

There are certain other costs that you would have to incur when purchasing a property in Gawadar other than the price of the land. A particular cost is allocated for the paperwork, demarcation, GPS, newspaper ad, DCO office fee, taxes, and your agent’s commission. These are some of the additional costs that you would have to incur on purchasing the land. However, this cost is bound to fluctuate based on the size of your land.

Stringent Verification Criteria:

According to the Gawadar development authority, the buyer must get a NOC (no objection certificate) issue before investing in the project. This instruction is vital as many projects in the past have been sold without acquiring GDA’s approval. If the buyer doesn’t confirm that the GDA land is allowed for resale, it can cause him a lot of trouble. That is why avoid getting scammed by buying land without approval from the Gawadar development authority.

Conclusion:

Investing in Gawadar is different from investing in the other cities of Pakistan. Gawadar’s journey has just started, and it is high time that you can invest there to earn handsome profits in the future. This city will see a massive transformation in its infrastructure, and the investors are looking forward to getting the most significant gain in the real estate industry. The investment in Gawadar is no doubt a slow process, but it is a guaranteed success.

Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.

The Agents Real Estate Guide for Gawadar

Thursday, 04 August 2022 by feeta_admin
Investing in Gawadar can be an excellent opportunity for you. The land of Gawadar has proved to be a game-changer for entire Pakistan. Gawadar is known to become the next Dubai. Investment in Gawadar today can yield you considerable returns in the future. Many developing projects would surely be profitable shortly like Gawadar Port, International
  • Published in Real Estate
Generating Property Sales & Identifying New Prospects for Pakistan

Generating Property Sales & Identifying New Prospects for Pakistan

The real estate market has numerous highs and lows and is influenced by various elements such as interest rates, economic circumstances, and employment growth. In Pakistan, becoming a prospering and renowned real estate agent is nothing resembling a treasure quest. There are no tightly held secrets either. At the exact moment, real estate may be a demanding endeavor for those unfamiliar with its procedures and strategies. In a dynamic real estate market, lead creation, in particular, can be complex. In Pakistan, the following tips and techniques are considered in the real estate market.

Sales-Generation Tips:

Here are the top sale-generation tactics for a quickly changing real estate sector in Pakistan to help you keep the customers coming in:

Increasing Awareness with Real Estate Social Sites:

Sales generation increases with the use of multiple networking sites. With the advancement of technology in Pakistan, many people conduct online research before buying or selling a property.
Social media usage helps produce real estate leads. To keep in contact with your followers, post the most recent bundles and upgraded real estate lead-generating services on your company’s social media page. Use Google Ads and Facebook Ads to promote your business. It is far more beneficial than real estate agent leads. Pakistani people indulged in the usage of apps. They use various applications to buy and sell anything.

To Develop a Local Presence, Participate in Community Service:

Maintaining up-to-date community activities is an excellent method to draw attention to a realtor’s website and social media accounts. However, this isn’t always enough, so getting more involved in your community is a great approach to establishing yourself as a significant presence.
As in Pakistan, people are very social. You can get benefit from it by participating in social or cultural events. Finally, getting to know the communities where they work and sell and developing a local presence may be highly beneficial to an agent.

Put your advice into critical consideration to satisfy clients:

Clients are frequently perplexed about what operates for them and what they enjoy. Especially in Pakistan, it is challenging to satisfy clients. The seller will need your total concentration if they want to know how to receive a fair value of a property they possess. Likewise, please inquire about the consumers’ difficulties and worries, and make every attempt to fulfill them to the greatest extent possible.

Prospecting Tips:

Here are a few prospecting tips and samples which can help you to enhance your work in Pakistan:

Work in underserved, rising locations:

Prospecting is at the heart of a real estate agent’s job. Sadly, the more vital it is, the more Pakistanis neglect it. It is most likely why we seldom see agents growing or growing in large numbers.
Surveying and prospecting skills are essential in this job. You must learn to conduct primary research to determine to purchase and selling patterns. Agents prefer to work in high-turnover locations where the business’s dynamics are already favorable. Pakistan has numerous areas which are underserved, and people are unaware of them. You can approach these areas and can get benefits out of them. Concentrate your efforts on operating in low-turnover areas to analyze potential clients who interact with agents from high-density areas.

Make yourself a data nerd in your field:

Profound knowledge is power in real estate, as it is in other sectors. Buyers and sellers both do value agents who know stuff they don’t and can talk sensibly about trends, new regulations, or long economic viewpoints for a specific location. It would help if you visited the most common real estate sectors in Pakistan to make yourself a data nerd. Concentrate on a particular topic and devote the required time to mastering it

Make contact with local employers:

Many larger companies relocate staff from inside the state and even from outside the country. And all of these employees require a place to reside. Contact their human resources departments and seek a casual meeting. Once you’ve gotten inside the door, you may inform the organization that you’re willing to collaborate to ease their employees’ move to a new region.

Positive Attitude:

Excellent communication abilities do not necessitate a high level of competence or knowledge—only your behavior and actions matter. With suitable pauses, hedges, and twists, a clear and sophisticated language will function.

Conclusion:

For Pakistan, the procedure for acquiring clients and customers is simple. You must first attract them to learn about you through marketing, and then you must create a connection with them that will ideally result in a sale. You should collect their contact information throughout the process, either by an email follow-up system or by maintaining your client management list.

Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.

Generating Property Sales & Identifying New Prospects for Pakistan

Thursday, 04 August 2022 by feeta_admin
The real estate market has numerous highs and lows and is influenced by various elements such as interest rates, economic circumstances, and employment growth. In Pakistan, becoming a prospering and renowned real estate agent is nothing resembling a treasure quest. There are no tightly held secrets either. At the exact moment, real estate may be
  • Published in Real Estate
Property Marketing Tools for Real Estate Agents in Pakistan

Property Marketing Tools for Real Estate Agents in Pakistan

Pakistan is rich in natural beauty, with spectacular mountain peaks, lush green landscapes, and fascinating archaeological sites. Its diverse environment and resources make it one of the few countries with a diverse environment. When one visits there, they find cultural heritage, known as the heart of cultures. Pakistan is a developing country, and in recent years Pakistan has been drastically focusing on its infrastructure expansion due to the CPEC project and the development associated with it, like building dry ports, Gwadar port, and airports. Such developing areas attract many real estate investments from private and government sectors as people prefer to live next to or in commercial areas. In Pakistan, real estate marketing involves capturing the attention of investors by displaying the commercial value of a particular area and the perks it brings along. People know and are interested because the area currently developing will be developed and will eventually generate massive revenue.

What Is Property Marketing?

Property marketing is a type of marketing that focuses on selling real estate, both commercial and residential. New build developments or property resales involve branding, positioning, and promotional techniques (advertising and public relations).

Property Marketing In Pakistan:

The property business has a vast scope in Pakistan. It is the most profitable investment segment. Pakistan’s real estate market has been one of the fastest-growing pinnacles developing sectors withinside the economic system of Pakistan since the beginning of 2021. It continues to be developing at a non-stop pace. But how is this sector doing its marketing in Pakistan?

Through Websites:

Real estate websites provide customers with ease and sellers with visibility. Before scheduling a live tour, buyers can look through hundreds of photographs, videos, and features of the home. Real estate Sellers who list their properties on these sites reap the same benefits: A home can be viewed by hundreds, if not thousands, of potential buyers online without having to visit.

Through Social Media:

Social networking is the best tool for real estate professionals in Pakistan and worldwide to keep current. It’s an excellent tool for determining market trends, real estate wants, and devising new ways to communicate with not just your clients but also your competitors.  Among many social media platforms, Facebook is taking a lead mainly due to its friendly interface.

Facebook:

Facebook revolutionized social media. We still think of it as the forerunner of all social media a decade and a half later. Because Facebook is such a vast platform, publishing an ad there ensures that your message will reach many people and is a great place to meet professionals. The constantly updating news feed will allow you to meet a lot of potential clients.

Through Word Of Mouth:

Relationships are what drive business for real estate professionals. The last person you assisted in purchasing a house will be able to recommend you to their friends and family. The mortgage broker you frequently promote to your clients, as well as the construction crew. You also worked with a construction crew to fix up a house you were listing, which can be held liable. You win when happy customers and business partners choose to share their positive experiences with you publicly.

Through Ads:

Ads are one the best and most effective ways that agents use for marketing purposes. Facebook ads help agents to target their micro-audience. You can target your Facebook ads to a specific audience interested in real estate or who is looking to invest. For example, these agents target individuals living in Lahore to invest in Murree or Islamabad with rental income.

Through Billboards:

While many real estate investment firms and individual investors have shifted their focus to online platforms or remain reliant on direct mail, billboard advertising still complements existing efforts. Real estate marketing on billboards can still be effective. It’s a fantastic method to go huge. This may be the best way to stand out, attract attention, and control their markets for real estate owners.

Conclusion:

Many local Pakistanis and Pakistanis living abroad are investing in the real estate business, making it the country’s most successful sector at the moment. Because of the earnings and benefits, real estate investment is encouraged more than in any other sector. Not only is building progressing at a faster rate, but it has also provided many jobs for the Pakistani people.

Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Pakistan’s Real Estate.

Property Marketing Tools for Real Estate Agents in Pakistan

Thursday, 04 August 2022 by feeta_admin
Pakistan is rich in natural beauty, with spectacular mountain peaks, lush green landscapes, and fascinating archaeological sites. Its diverse environment and resources make it one of the few countries with a diverse environment. When one visits there, they find cultural heritage, known as the heart of cultures. Pakistan is a developing country, and in recent
  • Published in Real Estate
How is Pakistan Property Business Surviving in Covid 19

How is Pakistan Property Business Surviving in Covid 19

Pakistan is a country in South Asia. It’s marked to be the world’s fifth most populated country. By area, it’s the 33rd largest country and consists of 225.1 million population and increasing.
It has the Arabian Sea and the Gulf of Oman along the 1046km of coastline in the south. Shares borders with Indians in the East. Shares borders with Afghanistan on the West. Shares borders with Iran to the Southwest. Shares borders with China to the Northeast. It shares a maritime border with Oman and is separated narrowly by the Wakhan Corridor of Afghanistan from Tajikistan.

Real Estate:

Covid-19 had everyone shook in all fields of business expertise. One market that had a hard hit was real estate and construction. Some even stated that the economic downfall would be higher than the biological.
What exactly is Real Estate? Real estate is the permanent improvements attached to any land bought; the changes can be artificial or natural.
Real Estate in Pakistan has been one of the fast-growing businesses in Pakistan for 2021 and continues. People within and foreign to Pakistan have been investing in Real Estate in the year 2021.

Why the Sudden Surge Investment in Pakistan Real Estate?

There’s been a massive reduction in property tax. The gold prices are unstable, the same as the stock market. The residential dreams are coming into being due to the decrease in construction taxes.

Karachi:

The check upon black money search headline made a short sale of Real Estate in Karachi take place. Black money was being turned into white money. Due to this sudden investment, there was five times rise in the real Estate of Karachi.

Lahore:

The trend of living in apartments has come to arise due to a decrease in space. Lahore has been increasing its number of vintage and Boho style cafes, which has led to living in apartments in a more standard style as increasingly the lands are being bought by owners for food businesses. Individuals want to have a dream house, but the increase in real estate has caused the shift to apartment lives. This option leaves a large amount of savings and can have you situated in a place of your liking.

Islamabad:

Here, there’s a high return for the investor’s investments. The best investment sites lately have been Bahria Town and DHA. The high rent for apartments has been causing an excellent return for the investors.

Gwadar:

For immediate returns, no investments should be made as the city is still in the making, and the government has approved its plan, but no strict real estate action has taken place.

Multan and Bahawalpur:

The sale of Real Estate has risen in both of these cities, indicating future growth and profit. Multan has been developing fast, and Bahawalpur has its DHA societies developed already.

VOLATILE NATURE:

Due to the volatile nature of investors, Pakistan Real Estate seems to be going well in 2021 than in 2020 as other investments have been ignored. The decrease in the prices makes the investment profitable for future purposes.

Climate Change Effects:

  • Seal level rise may cause flooding in Sindh areas.
  • Rise in temperature may cause volcano eruptions and sand storms in Baluchistan.
  • Heatwaves may cause the deaths of the poor who don’t have facilities.
  • Landslides, sea storms, and cyclones may have people to lose their homes.

Culture:

Pakistan follows a collectivist approach. This means that joint family systems are a norm and if not, even in nuclear families, an individualistic approach is quite rare. Investments in real estate are taken into account according to the family livelihood style and cultural backgrounds.
People from lower socio-economic backgrounds have to take care of their family’s needs, and due to the rise in real estate prices, they can barely afford the rent. In contrast, people from the high class have the opportunity to move around and change lifestyles sites.

Conclusion:

Covid19 has had its negatives, but it will play a huge positive for all the investors of today in the real estate market soon, as predictions show a high chance of a rise in the upcoming years.

For more information on the real estate sector of the country, keep reading Feeta Blog.

How is Pakistan Property Business Surviving in Covid 19

Thursday, 04 August 2022 by feeta_admin
Pakistan is a country in South Asia. It’s marked to be the world’s fifth most populated country. By area, it’s the 33rd largest country and consists of 225.1 million population and increasing. It has the Arabian Sea and the Gulf of Oman along the 1046km of coastline in the south. Shares borders with Indians in
  • Published in Real Estate
The Agents Real Estate Guide for Pakistan

The Agents Real Estate Guide for Pakistan

The real estate sector of Pakistan is attractive to millions of people globally as this industry is one of the most profitable industries. The returns on this investment are healthy. However, investing in Pakistan’s real estate is not easy. It is not only a matter of buying and selling, but it goes way beyond that. It has to do with intelligent considerations and a lot of experience to obtain handsome rewards. Here is a guide on how to invest in Pakistan’s real estate.

Only Invest In Reliable Schemes:

Do not go around experimenting. Make sure whatever scheme you are investing in is reliable and well established. Many property dealers are great marketers that can sell off their low-rated properties too. There is a massive risk if you are investing in any property whose reputation isn’t well established. Few projects that are safe to invest in are Bahria Town, DHA (defence housing authority), new metro city and Gwadar golf city. Even if you want to invest in any other area, make sure you do your research before deciding.

Choose Location Wisely:

When purchasing a property in Pakistan, looking at the location is very important. Before buying the property, question yourself whether the location will earn you more profit or if it’s a suitable area for living and investing purposes. Location is essential when purchasing a property as it determines the value of the property. Choosing a location wisely is necessary to yield high profits in the future.
Gather all the necessary details about the location but make sure whether you buy residential or commercial, your property should be in a prime area with excellent road links.
Another thing to look at is to see whether the area’s status is developing or developed where you are purchasing the property. Make sure the surrounding of the property is free from any noise pollution and is close to the necessary facilities of life and commercial interactions as these factors also profoundly influence the value of your property in Pakistan.

Determine the Future Value of Your Property:

Before purchasing the property, determine its future value. People usually ignore this aspect, but it is essential to determine whether the value of your property will appreciate or depreciate over time. Many factors can influence the value of the property. That is why make sure that the area you purchase your property is safe and in a more fabulous neighbourhood.
Carefully consider the development stats of your property, whether it is established on sustainable and exclusive ideas. These are all things demanded and shouldn’t be avoided when purchasing a property in Pakistan.

Become a Tax Filer:

The government is stringent on non-filer. If you are a non-filer, you would likely have to pay additional tax when purchasing the property. That is why you become a tax filer and file your taxes right away. If you are abroad, make sure you file your tax returns regularly so that you don’t have to pay for them afterwards on any income you make on the property in the future.
Although filing your tax is quite complex, it will provide you with significant financial benefits.

Conclusion:

Real estate investment in Pakistan is becoming popular day by day despite what people say. It is the most lucrative investment. Out of all the investments, one of the safest ways to make sure that you earn capital on your money is through real estate investment.

The value of land continues to increase over time. Additionally, giving your property for rent can be a continuous income stream for you every month. However, earning returns on investment in real estate in Pakistan is relatively slow. That is why when you are purchasing a property; make sure that you earn your return in at least 2-5 years. Apart from it, you may use it for your personal use, and it is an outstanding asset to own, and you can transfer that over for generations.

For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.

The Agents Real Estate Guide for Pakistan

Thursday, 04 August 2022 by feeta_admin
The real estate sector of Pakistan is attractive to millions of people globally as this industry is one of the most profitable industries. The returns on this investment are healthy. However, investing in Pakistan’s real estate is not easy. It is not only a matter of buying and selling, but it goes way beyond that.
  • Published in Real Estate
The Agents Real Estate Guide for Lahore

The Agents Real Estate Guide for Lahore

Lahore is a historic city with old architecture. Some magnificent structures date back to the Mughal Dynasty, as well as vestiges of Colonial oppression. It is a city of flowers, which people relish in the heat by flocking to late-night tea vendors strewn across the city. Property investment opportunities abound in large cities. These Lahore investing choices are an excellent method to protect your future and your hard-earned money.

High Reverts On Real Estate Investment in Lahore:

Lahore’s real estate market has one of Pakistan’s most significant returns on investment. It might be ascribed to the numerous investment opportunities it provides, as well as developers’ ongoing desire to provide new and intriguing enterprises. Because of its centralized location and the placement of all the most famous cafes and retail businesses, Lahore’s Gulberg district is the hottest investment region. Here’s what to expect from the second batch of investment in Gulberg, which is expected very shortly.
Raiwind Road in Lahore is the runner-up you should look at. Raiwind Road, a bit further out from the main city center, offers elegantly planned comfy neighborhoods that provide one of the most profitable investment options. The city is expanding rapidly, and the latest advancements and ventures are hitting the real estate market with it. In Lahore, a new trend has been noted that is reorienting the real estate market while also offering more significant earnings. This shift is away from residential and commercial lots and more towards apartments and mixed-use structures.

An Opportunity to See the City Close Up:

Here are some of the top tourist destinations in Punjab that you may readily access if you live in Lahore. Hiran Minar, located just a few kilometers from Lahore, offers breathtaking vistas and is ideal for a one-day picnic. With our guide on six attractions near Lahore, you can also bring your kids on a historical journey and trace the Mughal heritage, as well as the lovely parks around Lahore that are certain to be a treat.

How to Buy a Property in Lahore?

Continue reading to learn about the process of buying a house in Lahore. Lahore is a large city with many different types of exclusive and business areas. The city is divided into numerous sections based on the accessibility of workplaces and the area’s population. If you desire to be in a peaceful environment, you should visit a residence on the city’s outskirts. However, if you’re going to live in the city’s heart, you should consider buying a house in old Lahore.
Furthermore, before investing in a land project, make sure that the lodgings culture you will contribute is legitimate and authorized by the LDA. Furthermore, ensure that the property has all of the essentials as well as conveniences. Examining many small dwelling castes in Lahore is among the best ways to discover homes in Lahore.

Invest Only in Legitimate Projects:

When you put your money into a program, you want to make the most significant money possible. However, many individuals become prey to scams in their search for profit, notably in Lahore, where new systems are offered daily. As a result, you should only invest incredible programs like Lahore Smart City. You reduce the risk of your venture by doing so.

Investment in the Early Stages:

Any wise real estate investor would always invest in a venture while it is still in the planning phase, as this is when the investor makes the most money. Rates are lowest at the beginning of the project, but as time passes and the project progresses, the cost grows.

Conclusion:

Lahore is also the primary city where the Motorway project started. It means that places further north in KPK, as well as lower sections of Punjab and Sindh, are easily accessible. Having property here allows you to pursue all of these opportunities!

Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.

The Agents Real Estate Guide for Lahore

Thursday, 04 August 2022 by feeta_admin
Lahore is a historic city with old architecture. Some magnificent structures date back to the Mughal Dynasty, as well as vestiges of Colonial oppression. It is a city of flowers, which people relish in the heat by flocking to late-night tea vendors strewn across the city. Property investment opportunities abound in large cities. These Lahore
  • Published in Real Estate
The Agents Real Estate Guide for Karachi

The Agents Real Estate Guide for Karachi

Karachi’s real estate sector provides services to nearly 20 million individuals. From dozens of residential properties to thousands of squatter colonies, the size and complexity of this city captivate everyone. Property values are rising in practically every popular neighborhood.
In the latest days, the city has seen the development of multiple real estate developments in various parts of Karachi, especially in the outskirts, causing its real estate industry to expand on an unprecedented scale. These quickly developing property projects provide people with numerous residential and commercial plots, resulting in new real estate investment options.

What Should You Know About Property Investment in Karachi?

Purchasing a home or property in Karachi can be an exciting experience for people. But, being a landlord in Karachi is not as simple as it sounds. First and foremost, you must conduct a property price survey to determine which types of property in Karachi are in high demand and expanding in value.
Karachi is a sprawling metropolis with numerous districts and localities. As a result, considering property investment in Karachi is akin to capturing a small fish in a vast ocean. Simply put the search query ‘Property for Sale in Karachi‘ yields hundreds of responses with varying price tags.
Projects offered solely through the internet or Text, with no authorization from a trustworthy agency, should be viewed with caution. So, if you cannot validate their legitimacy or any other information they offer, it is best not to deposit any money in such a case. It is one of the most significant real estate investment ideas that Karachi property investors should follow.
If you search for a business or a domestic property, having close facilities and a protected place can only increase the property’s value. When looking for a particular house for sale in Karachi, you must consider all of these things. Under development, housing projects inside the city have higher profit possibilities than fully built societies in Karachi’s outskirts.

The Fundamentals of Property Investing in Pakistan:

It will help if you are mindful that there is no one-size-fits-all approach to defining real estate investment adequately. Yet, we may say that selling, buying, or leasing property for the sake of capital gains is essentially a property investment. Here are some property investments that are most useful in Pakistan’s real estate market:

Buying and Reselling Plots:

Buying plots at cheaper costs to sell them at increased prices is among Pakistan’s most prevalent real estate investing techniques. In this business, investors buy lands and retain them till their prices rise. This rise is subject to the passage of time and the progress of the project in question.

Buying a Property to Rent Out:

Whether it’s a flat, a house, or a business building, buying and renting out a place is a profit real estate investment. Now, all you can do is sit back and enjoy the steady monthly income while your property worth rises day by day.

Attempting to Sell Your Property:

It is the phase at which you begin to see a return on your investment. When you believe your property has reached its maximum value potential, it is time to sell it. If your desire is to get the most out of your investment, so bear in mind the listed considerations.

  • Make use of a variety of resources
  • Analyze the value of your item
  • Analyze the value of your item
  • Reconfirm allotment
  • Cash transactions must be rescinded

Conclusion:

Yes, after you’ve looked over all of the suggestions mentioned earlier, you should do this. If it meets your requirements and budget, purchasing a plot in Karachi can be a fascinating experience. Before closing on a contract, as an investor, double-check everything regarding the property you’re interested in.

Stay tuned to Feeta Blog to learn more about Property investment in Pakistan.

The Agents Real Estate Guide for Karachi

Thursday, 04 August 2022 by feeta_admin
Karachi’s real estate sector provides services to nearly 20 million individuals. From dozens of residential properties to thousands of squatter colonies, the size and complexity of this city captivate everyone. Property values are rising in practically every popular neighborhood. In the latest days, the city has seen the development of multiple real estate developments in
  • Published in Real Estate
The Agents Real Estate Guide for Islamabad

The Agents Real Estate Guide for Islamabad

The real estate business is a great way to ensure your future safety. However, just like any other investment, investing in real estate can also be quite hard. Before making any hefty investment, you should be sure that you will get equal or more return from it by knowing the right place to invest your money. To make a tidy investment, you need to see the long-term and have perspective. You need to be able to make the decision wisely. Here is a guide that will help you make a good decision in choosing the right place for your investment.

Invest In Only Trusted Real Estate Projects:

When you invest your money, you don’t want it to go in vain. If you want to make a profit on your investments that you can do by choosing the right project. When looking for projects to invest in, people fall victim to the scheme, especially in Islamabad. The marketing and sales genius people can sell such property to new investors that wouldn’t do good in the future. That is why before making a significant investment, you should look at the project’s credibility and estimate its future value. Invest with only well, such projects that you can trust and are backed by credible names. It reduces the risk of your investment drowning.

Find The Best Location To Invest In:

You need to choose the best possible location for your investment. The location highly influences the value of your property. Choose such a location that you know has worth, and its worth will only increase from thereon. A few factors that you should keep in mind before looking for a location to buy real estate property is that it should be closer to the necessities of life and should link the road quickly. It should be in some isolated corner. And should have a good reputation. You can even browse the demand for the properties in the neighborhood or see the growth figure of the properties to make sure that the location is worth your investment.

Invest At The Developing Stage:

A great piece of advice would be to invest in real estate properties when it is still in their developing stage. Most investors do that as it is a great way to yield more profit. When in the developing stage, the property is valued minor, and the prices are low, but with the project’s growth, the property’s value will go up from there only, and the cost increases. The timing of real estate investment is critical.

Prefer Long Term Real Estate Invest:

Your real estate investment should be made for the long term. The value of the prophecy, if located in a good place, will only arise after you purchase the property. That is why it is preferable to hold your property for at least 2 – 3 years to earn a good return. Also, before investing, make sure that you figure out all the expenses you incur when purchasing a property, like purchase cost, transfer fee, legal fee, etc.

Strategies To Earn High Profits:

There are numerous ways to earn more profit in real estate. Firstly, the trick is to buy the property in its foundation stage as the cost will be low at that time, and then with time, the value of your profit will go high. This way, you can generate a handsome amount in a bit of time. The second way you can make more profit is by purchasing a fully developed house, apartment, commercial shop, etc., and then renting it out. This way, it will become a viable source of income for you, and you can earn massive amounts without having to do anything, and with that, the value of your land will go up with time. This way, you can make more profit just by strategizing your source of income.

Conclusion:

There are many ways with which you can invest your money. However, real estate remains the top one in which you don’t have to lose your money, and your money can become a safe asset for you. Real estate investment is a stable and financially sound investment that can generate a handsome profit for you.

Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.

The Agents Real Estate Guide for Islamabad

Thursday, 04 August 2022 by feeta_admin
The real estate business is a great way to ensure your future safety. However, just like any other investment, investing in real estate can also be quite hard. Before making any hefty investment, you should be sure that you will get equal or more return from it by knowing the right place to invest your
  • Published in Real Estate
10 Property Management Tips for Pakistan Real Estate Market

10 Property Management Tips for Pakistan Real Estate Market

Anyone who has worked in the property management industry understands how competitive it is. It necessitates a wide range of abilities that newcomers may not anticipate. It entails everything from dealing with evictions to negotiating contracts for waste collection, grounds maintenance, and janitorial services.
Aside from being an exciting and lucrative career, the road to success in the property management industry is a long and winding one. You must be well-versed and prepared for the drive if you want to get to your goal. It understands the difference between being a property manager in Pakistan and a consistently successful property manager in Pakistan.
Consider these ten property management pointers to assist you in dealing with various challenges and scenarios in Pakistan.

 Skills in Organizing:

The ability to organize is the first and most crucial talent required of a property manager in Pakistan. It includes talking with tenants, maintaining a complete record of each property, and keeping track of any forthcoming duties on a to-do list. It necessitates the competent and efficient management of obligations. In Pakistan, a property manager’s job requires handling many jobs simultaneously, necessitating excellent organizational skills.

Establishing Protocols and Policies:

To avoid miscommunications and potential difficulties with tenants, property managers in Pakistan must have policies and procedures in place. All regulations for tenants should be written down and supplied at the time of lease signing. Similarly, property managers must have protocols in place for a variety of situations.

Understand the law:

In Pakistan, a property manager must check the state’s fair housing legislation on a regular basis. Property managers may be required to have real estate licenses in some states, while others may demand different certificates or licenses.
He must keep up to date and ensure that he follows all regulations; if he has any legal questions, he should see a property lawyer or an attorney. To avoid any rental troubles, use a search engine to look up the regulations for the state in which you plan to manage properties.

Check out your Tenants:

Many experts stressed the importance of selecting the correct tenant and that there is no substitute for a thorough screening procedure. In Pakistan, it’s critical to ensure that your tenant screens are as thorough as possible so that you can distinguish between excellent and unreliable tenants. The most significant tenants are individuals who can pay on time, take care of the property, and have no criminal history.

Attempt to Resolve Disputes Without the Need for Lawyers First:

Meeting with the renter and addressing the issue helps resolve many tenant conflicts. Before threatening eviction and bringing in a lawyer, follow all property protocols. Noise violations, late rent payments, and management’s inability to enter the flat to undertake repairs are among the most typical complaints in Pakistan.

Abilities in Finance:

Because you may be responsible for negotiating lease agreements, collecting rent and utility payments, paying vendors, and tracking daily spending as a property manager in Pakistan, you must have a thorough understanding of financial management. As a result, you may utilize a search engine to look up different accounting software applications and rapidly produce reports, as well as keep an updated spreadsheet to track your earnings.

Marketing Skills:

Marketing abilities are one of the most undervalued aspects of property management that are often overlooked but are equally vital. Marketing is necessary to advertise vacant apartment units and to be able to write compellingly about them.
Knowing how to write a professional property description, take high-quality images, and create exciting video tours may help you showcase the most significant features of the homes you manage and pique potential tenants’ interest.

Maintain Thorough Digital Records:

Physical mounds of paper are significantly more challenging to sort through and file than digital records. You don’t need to waste time digging through your files for something specific, like a maintenance receipt or contact with a tenant, to find that the records are inaccurate or missing.

Make use of the Internet:

The usage of the Internet is expanding in tandem with the country’s advancement. The Internet is used for various tasks in today’s society, ranging from marketing to corporate administration. As a result, instead of fighting the times, it is wiser to evolve with them. A few examples are creating online ads for your vacant homes, finding tenants online, and researching the best maintenance companies.

Keep Regular Office Hours:

It may appear to be Pakistan’s most basic property management idea, but your renters must know when the management office staff is available for non-emergency issues. Tenants may quickly notify property management when a maintenance call is needed, rather than putting it off and letting the condition in their apartment deteriorate, perhaps resulting in costly repairs.

Conclusion:

Property management in Pakistan is a 24-hour-a-day job that requires constant attention. Property management may be both fascinating and profitable, but it requires both time and money. It’s a fast-paced, fiercely competitive market. As a result, it’s critical to have skills and abilities that allow you to stay ahead of the competition. These habits, along with self-discipline and drive, will benefit both your professional and personal lives.

Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Pakistan Real Estate Market.

10 Property Management Tips for Pakistan Real Estate Market

Thursday, 04 August 2022 by feeta_admin
Anyone who has worked in the property management industry understands how competitive it is. It necessitates a wide range of abilities that newcomers may not anticipate. It entails everything from dealing with evictions to negotiating contracts for waste collection, grounds maintenance, and janitorial services. Aside from being an exciting and lucrative career, the road to
  • Published in News, Real Estate
Eight Tips to Keep Your Tenants Happy and Long Term

Eight Tips to Keep Your Tenants Happy and Long Term

Managing land is a difficult job, but getting the property to be rented, housing tenants and providing them with necessities, and making them feel at home takes a toll on the landlords. Finding an ideal tenant is undoubtedly complicated, but retaining them also is also an art. Landlords seek dependable and trustworthy tenants, while tenants look for the same qualities from their landlords. It’s critical to think of this bond, and one has to build on mutual respect if you want it to succeed. As a result, you’ll be able to discover long-term, happy tenants who will take after your property for the duration of their stay.
Let’s discover what the most effective & doable tips to keep the tenants happy & satisfied are:

Tips to keep your tenants happy and for the long term:

Retaining your tenants and not getting them to leave soon is undoubtedly the most challenging job the landlord has to do. With the help of the following tips, you can achieve the desired outcome.

By being a good landlord:

People tend to flock toward welcoming, warm and kind people, and on the contrary, tend to dislike obnoxious and uncooperative people. If you want your tenants to feel comfortable and stay longer, you have to start with being a better person & ultimately a good landlord.

By not suddenly increasing rent:

These are challenging times when many people are struggling financially to address their needs. If, at such times, rent also skyrockets, the tenants might not want to live in such a place. Gradually & with consent increase, the rent & not burden them financially is an excellent step if you want them to stay longer.

By Addressing the Rules Beforehand:

One thing the tenants hate the most is to be disturbed or lectured on rules. Address the rules and regulations of the place and the boundaries they have to stay within. Knowing the rules and regulations beforehand can create a more comfortable atmosphere for them.

By Providing a More Welcoming Atmosphere:

Suppose you want your tenants to stay comfortably for a long time. In that case, you will need to create a more welcoming environment like having an open lawn with a pleasant view, providing internet service, and allowing them to keep their pets if you are comfortable with it. Also, by providing small tokens of gratitude like compliments or even by giving gift cards, you can make your tenants happy.

By Maintaining Your Property:

You will need to address the maintenance concerns to the tenants as quickly as possible. One thing a landlord should never do under any circumstances is to make their tenants uncomfortable. You can avoid this by conveying the idea of monthly or even weekly maintenance checks. By doing so, the place will remain well maintained, and the tenants will not be displeased.

By Taking Care of Disruptions ASAP:

As there are good tenants, there are bound to be disruptive tenants as well. Some tenants can disturb other tenants by playing loud music or breaking the rules, making them think this place isn’t worthwhile, which is the last thing you want them to think. Taking care of these disturbances as soon as possible might be a good idea.

By Asking For Help for Vacancy Spot Filling:

It works like a charm if you want long-term tenants. This idea addresses two needs at once; firstly, new tenants will fill the vacant spots, and secondly, your tenants will stick around longer if they have familiar people around.

By Answering the Calls:

Be there when the tenants need help in any way. A missing or careless landlord is the last thing a tenant would want. Answering the calls might be the best choice in the matter.

Conclusion:

Being thoughtful goes a long way. Let this be the first thought in your mind when you welcome tenants to your property; you can be a successful landlord by keeping an eye on the checklist mentioned above.

For more information on the real estate sector of the country, keep reading Feeta Blog.

Eight Tips to Keep Your Tenants Happy and Long Term

Thursday, 04 August 2022 by feeta_admin
Managing land is a difficult job, but getting the property to be rented, housing tenants and providing them with necessities, and making them feel at home takes a toll on the landlords. Finding an ideal tenant is undoubtedly complicated, but retaining them also is also an art. Landlords seek dependable and trustworthy tenants, while tenants
  • Published in Real Estate
How to Use Social Media for Buying/Selling Property

How to Use Social Media for Buying/Selling Property?

Social media is quite the norm; from mundane tasks to real-estate businesses can be handled flawlessly through social media. About 33% of the Millennial population uses the internet for nearly 14 hours every day, so, if it comes to real-estate business, the first thing this generation X will inevitably do, is to look it up online on different social media platforms.
According to a survey, about 77% of real estate realtors work on social media, and about 79% of home buyers refer to online websites and resources. Even with limited resources, skilled real estate salespeople & laymen may use the power of social media to develop meaningful relationships and gain more clients. Let’s take a ride with us & explore how each social media platform can be used effectively.

Getting the Maximum Benefits of Social Media for Real Estate Industry:

To generate leads and enhance prospective sales, it’s critical to publish the correct content on different social media platforms. Simultaneously, it’s not just about what you share but also about where you share. In today’s technologically advanced world, house sellers and agents must stay active on social media to maintain interest in freshly listed properties. Let’s discover how the following platform can be used smartly;

Buying and Selling Property through Facebook:

A study shows Facebook users visit the local business pages once a week at the least. The top providers, brokers, and online realtors have made several local business pages on Facebook exclusively for this task. For buying property, you can consult corresponding real-estate pages, where property selling ads are regularly displayed. For selling property, you can create your page and post updates on it, like the visual of your property, i.e., photos or video walk-throughs, to attract the attention of your potential buyers. Create ads and a user-friendly interface to show you mean business.

Buying and Selling Property through Instagram:

Instagram is known for being youthful and stylish. Most eyeballs will be attracted to your Instagram content. Instagram users spend roughly 53 minutes each day on average on the website or app. With today’s hectic lifestyles, this is a significant amount of time. It’s highly visible and displays your listings. You’ll be able to see exactly who likes your postings so you can reach out to potential leads and existing customers immediately. For an Instagram account to rock-make, a compelling bio, remember that hashtags are the new SEO, create a Content Calendar, and always upload the highest quality images and videos.

Buying and selling through Linkedin:

Linkedin is one of the ideal social media platforms for online realtors. It also offers an online group for realtors and real estate agents to network, share their insights, and create connections and referrals. Not only can you buy the property or even commercialize it but also meet potential buyers on this vast platform. You can reach your target audience through LinkedIn ads and through publicizing in the Linkedin group. As this platform is solely based on real estate work, this gives it an edge over other social media apps.

Buying and selling through Twitter:

A solid social media presence is pivotal for the online real estate business. Twitter is one of the essential social media apps to get up-to-date information regarding anything. The real estate business is no exception. Through Twitter marketing, you can access several realtors, brokers, and potential buyers. You need to follow real estate accounts with the most followers and most up-to-date information for buying property. For reference, some good real estate accounts on Twitter are National Associations of Realtors, BiggerPockets Etc.
Similarly, for selling property, you need to create your own real-estate Twitter account, take clear images of the property, provide up-to-date information on a property, welcome the interested clients, and join the online realtor community for accurate information.

Conclusion:

Real-estate business can be handled flawlessly through online means if you know the ropes.  Now, you can do the painstaking task of handling property work with ease through these friendly social media platforms. Buying & selling of property increasingly relies on social media in this era. You must need to be aware of the changing trends of social media to avoid being left behind. Businesses now can contact potential markets even in the most remote regions of the globe, thanks to social media.

For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.

How to Use Social Media for Buying/Selling Property?

Thursday, 04 August 2022 by feeta_admin
Social media is quite the norm; from mundane tasks to real-estate businesses can be handled flawlessly through social media. About 33% of the Millennial population uses the internet for nearly 14 hours every day, so, if it comes to real-estate business, the first thing this generation X will inevitably do, is to look it up
  • Published in Real Estate
Newbie Investors Make Ten Common Property Management Mistakes.

Newbie Investors Make Ten Common Property Management Mistakes

As a newbie investor, real estate investing can be a challenging game to master. Many new real estate investors get into the business, make costly blunders, and conclude that property investing isn’t for them. It can be a massive mistake because real estate investing can make you money in the long term if you know what pitfalls to avoid from the start.
Here are ten real estate blunders that all first-time investors should avoid.

Failure to Conduct Research:

When considering purchasing an investment property, one of the first tasks should be to conduct an investment property study. While you may have conducted basic investment property research and identified a property that you want to invest in, there are likely numerous other factors that you have overlooked. One of newcomers’ most common real estate mistakes is failing to obtain thorough information about the property.

Working with the Incorrect/Wrong Individuals:

Real estate blunders may be costly, mainly when they occur due to working with the wrong people. When hiring the wrong contractors, you risk going over budget or having subpar repairs that don’t adhere to specific laws and regulations. They may even abandon you early, leaving you to pay any fees incurred while the property remains unoccupied and unprepared.

Purchasing the Unsuitable Property:

It is one of the worst investment errors of all time! First, you must select the ideal investment location, one that will outperform the market because it is undergoing gentrification or is where affluent owner-occupiers desire to buy.
Then you’ll need to purchase an investment-grade property, one that will continue to be in high demand from both owners and tenants in the future.

Being Rash or Being Overcautious:

To make intelligent judgments, it takes time, patience, and the acquisition of vital knowledge to choose the perfect investment property. Excessively cautiousness, on the other hand, will not go you very far. While you should gather as much information as possible, you must recognize that you will never know everything. Because of your cautious temperament, you will never truly invest in any property if you spend too much time making judgments.

Options for Financing:

To figure out which financing choices are best for you, always seek the advice of a mortgage broker or a professional consultant. Having the proper framework in place from the beginning can help you save money in the long run. It can prevent you from making mistakes you weren’t aware you were incapable of doing.

Having a strategy:

It’s critical to have a long-term strategy that considers all of your assets. Going with the flow and flying by the seat of your trousers is not a winning business technique. You must understand where you are now and where you want to go before taking any action. It includes budgeting for a set period. Also, don’t be overconfident. Anyone can project, but they’re usually pointless unless they’re founded on facts.

Over-Repairing as a way of making up for over-paying:

Excessive repairs will not get your property out of a given price range in a specific neighborhood. If you approach repairs with this perspective, you’ll almost certainly exceed your budget, even if it’s well-planned. It is why, before investing, it’s critical to decide whether a property is worth the risk.

Preliminary Budget Plan:

Once you start investing in real estate, you’ll most likely have a budget set out to acquire an investment property. But, does your budget account for any unexpected costs that may arise? Aside from the price and a few fixes, there are several costly aspects to consider. Taxes, insurance, utilities, upkeep, and other bills that you’ll incur while upgrading should all be factored into your budget. You’ll also need to look at the property’s cash flow to see if it’s enough to cover your future expenses.

Emotional Leadership:

Many investors have lost money by deciding on a property based on their heart’s desire rather than an excellent future investment. Never allow your heart to take precedence over your brain. If you’re investing in real estate, you need to know why you’re buying and how much money you want to make. All of this data is based on factual research.

Getting no Professional Help:

Even if you consider yourself to be an intelligent budgeter, have you factored in all potential expenses? Purchasing and maintaining real estate may be costlier than you realize. What if your house was to sit empty for a few months? Do you have the necessary funds? Always prepare for the worst-case scenario and enlist expert assistance when necessary.

Conclusion:

While a novice might make numerous real estate mistakes, the most common mistake is to repeat them. It will be easier to look back and evaluate where you went wrong and what caused your significant and minor profit losses if you keep precise records of all the actions you make in every investment.
As a newbie real estate investor, avoiding these real estate blunders will help you make better judgments. Although many people fail when they start investing in real estate, you don’t have to be one of them if you have the appropriate information.

Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.

Newbie Investors Make Ten Common Property Management Mistakes

Thursday, 04 August 2022 by feeta_admin
As a newbie investor, real estate investing can be a challenging game to master. Many new real estate investors get into the business, make costly blunders, and conclude that property investing isn’t for them. It can be a massive mistake because real estate investing can make you money in the long term if you know
  • Published in Real Estate
​Is it easy to buy or sell property in Pakistan

​Is it easy to buy or sell property in Pakistan?

It is said that selling property is more accessible than buying, and the same goes for Pakistan. This is likely because, in most situations, while dealing with property sales, the sellers are exempt from paying erratic taxes and development fees, among other things. Not to mention that selling property in Pakistan isn’t always a stroll in the park. In the real estate market, you must outperform the competitors.
The reason for this is that the property market is saturated with sellers. However, by implementing the tactics outlined here, you can learn how to sell or buy property in Pakistan sensibly, swiftly, and profitably. If you have a home to sell or are looking to buy a property and are reading this, now is the moment to fill your cash-flow bucket.

Why Is It Not Easy Sell Property In Pakistan?

Buying Property in Pakistan is accessible only for the upper class but is ridiculous for the lower class. For example, if a person who has no information about this sector goes to buy any plot or home, he is more likely to face fraud because of the no tracking system in Pakistan.
The rate for an area is 10 lac, but the dealer can say it is worth 15 lac, as the government has no input in this cause. So, the first main point is that Rates are not Uniformed. The other issue is, that fraud occurs when a single piece of land is sold to more than one person, until or unless you are clever enough to investigate through ownership details etc.
Then the registrars or in Urdu ( Patwari). He is the person who is responsible for making the exact location of the plot. For example, on the area of 100 acres, you have a plot of 10 Marla. It is not sure in its initials to make the exact measurement of your plot, where the phase is going. The agent can take you to any random area of the upcoming society and tell you that this land is yours. But after the completion of the social project, many buyers of the plot are left bare-handed after finding that there is no area left, and the area has already been sold to someone else.

What Role Government Is Playing  To Make This Sector Safe & Sound

In the real estate sector, anyone without any prior knowledge is entering this sector because they have the perception that this sector is creating a lot of wealth.  They create their own rules, just like an Idiom that states, “whatever sails your boat.” The government has taken a particular interest in the growth of the real estate industry. As a result of this interest, additional pro-real-estate policies have been enacted, attracting more potential & reliable investors.
The government of Pakistan has taken various actions to improve the real estate sector. Persons who own an immovable property with a land area larger than or equal to 500 square yards and a flat with a covered space of 2,000 square feet or more are required to file returns under the Finance Act of 2009. The decision was made to broaden the tax base.
In 2010, the Federal Reserve Board issued a circular authorizing provinces to collect Capital Value Tax (CVT) on immovable property. It is a tax on the capital value of the purchased asset that the buyer pays at the time of purchase. Capital gains tax (CGT) on sales of immovable properties with a holding duration of fewer than two years was introduced in 2012 by the Finance Act 2012. This meant that persons who had previously been exempt from paying taxes in the home construction industry were now able to do so.
This significantly impacted the real estate market, slowing the sale and acquisition of newly constructed properties. However, the plan paid off in the long term, as the government’s tax collection grew due to the move. In 2014, the law was changed to impose a 10% CGT on the sale of properties withholding periods of up to one year and a 5% CGT on that withholding duration of up to two years, with no CGT imposed on properties withholding periods of more than two years.
Non-filers were forbidden from purchasing a property worth more than Rs 5 million after an amnesty scheme for the reporting of undeclared assets was launched in 2018. All of these real estate policies have had a negative influence on the sector in the long run. The government strives to improve tax revenue collection without realizing the ramifications of slowing down real estate growth because the industry is considered a tax haven for ill-gotten money.

Conclusion:

The real estate business is as complicated as any other investment sector because estimating property prices and future earnings is extremely tough. For this purpose, the investor must have access to precise statistics about current real estate market prices, which is a challenging assignment in Pakistan because the property sector’s most significant difficulty is a lack of simple access to trustworthy information. On the other hand, instead of examining themselves, our investors succumb to the enticements presented by fraudsters. If people invest wisely in this industry, they will not have to deal with fraud situations.

Stay tuned to Feeta Blog to learn more about the property in Pakistan.

​Is it easy to buy or sell property in Pakistan?

Thursday, 04 August 2022 by feeta_admin
It is said that selling property is more accessible than buying, and the same goes for Pakistan. This is likely because, in most situations, while dealing with property sales, the sellers are exempt from paying erratic taxes and development fees, among other things. Not to mention that selling property in Pakistan isn’t always a stroll
  • Published in Real Estate
Commercial Property Selling Guide For Karachi

Commercial Property Selling Guide For Karachi

The art of selling property has always been more accessible than buying it. It can be confirmed as potential clients tend to visit or contact the seller rather than sellers visiting the clients and finding interested prospects. Another advantage property sellers have is that they do not have to pay taxes of different kinds. There are perks, but this doesn’t make entrepreneurship quite simple.
Here we’ll discuss real estate in Karachi.

Selling & Transfer Procedure Of Property:

The property selling process in Karachi is somewhat similar to those set by individual developers in housing societies. The question that intrigues most individuals is how one transfers property ownership in Karachi.
The transfer process proceeds in the office of Karachi’s land development authority. If the project is from a private sector and registered developers, the transfer of the property takes place in their respective office place.

What to Keep In Mind When Selling Property:

To start a business in Karachi regarding land sales, one should know a few things to keep in mind. Research beforehand should be done regarding the land and its sales. One should find an agent, set the agent’s commission, and keep in mind the token money, initial deposit, no-demand certificate, taxes, and transfer letter.

Research & Agent Hunt:

One shouldn’t depend entirely on the agent they hire but explore the market rate that the property stands. When one knows the worth of their property, they can put it up on sale at the best suitable price. This process benefits both sellers and buyers; when sellers make their minds up about selling their property, they are to check resources to maintain market rates. This process is quite time-consuming but pays off fruitfully.
The next is to find an agent once you’re aware of the market value of the property. One would question why an agent is to be hired, and the answer to that is to scavenger a profitable deal in a saturated market. The agent will be a helping hand in taking care of the processes.

Commission Of The Agent:

The agents get one percent of the profits as they work on a commission basis. Rarely does an agent adjusts commissions by the deal. The best way to overcome the latter problem and complications regarding this is to finalize the commission beforehand.

Token Money:

Once the seller finds the potential buyer, token money is to be paid by the buyer. Token money shows the intention of purchase of the buyer. In other words, token money reserves the property for the payer. The buyer can ask for a photocopy of the original documents of the property once the token money is paid for verification.

Deposit at Initial:

The buyer pays an amount of money marked as the initial deposit, 25% of the total price. The stamper paper is signed at this stage with terms and conditions.
The No-demand Certificate:
One needs to apply for the no-demand certificate near the date of final payment. The transfer of the property isn’t possible without this certificate. This certificate states that no dues are owed and includes taxes, transfer fees, and stamp duty applicable to buyer and seller. The buyer is to be provided with a copy of the NDC.

Taxes:

The tax payment is to be submitted to the house society or development authority office. The buyer must pay the transfer fee, stamp duty, CVT, and TMA Tax for the property.

Transfer Letter:

Both the buyer and seller are to be present at the time of the documentation of the transfer letter. Once the property is transferred to the buyer, the property no longer belongs to the seller. The payment is transferred into the seller’s account within a few days. The seller is to keep a check on their account when the payment is pending.

Conclusion:

Constant vigilance is required and vital when dealing with real estate. One is to be aware of the scams that are present in the market to stay safe.

Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.

Commercial Property Selling Guide For Karachi

Thursday, 04 August 2022 by feeta_admin
The art of selling property has always been more accessible than buying it. It can be confirmed as potential clients tend to visit or contact the seller rather than sellers visiting the clients and finding interested prospects. Another advantage property sellers have is that they do not have to pay taxes of different kinds. There
  • Published in Real Estate
How To Get A House On Rent In Lahore

How To Get A House On Rent In Lahore

Lahore is the 26th largest city globally and 2nd most significant in its own country Pakistan. With an estimated GDP of $84billion in 2019, as one of the wealthiest cities in Pakistan. Lahore is a safe city for traveling and adventure, but one can find harmony in its environment that invites people to live their lives to their full potential.

Life in Lahore:

The aura that Lahore presents is inviting that makes one want to reside there. It is a masterpiece of land with a combination of the west and the east in all aspects, from health facilities to transport facilities. Another reason for moving to Lahore would be the educational institutions there. Most institutions there are international schools, and many universities there are ranked in the top 10 in Pakistan, making Lahore the educational capital of Pakistan.

Why Rent And Not Buy:

Rent is an important initiative for all those desiring to live in a house, but the cost demand is higher than they can afford. There are various benefits of renting over buying, such as the cost for maintenance, facilities available beforehand, and location of residence.

Steps To Get a House on Rent:

The method of renting a house starts by getting complete details of the landlord and the tenant, description of the premises, period of tenancy, mode of payment, due date, rent enhancement rate per annum, the purpose of rent, amount of advance payment, secure payment and details of bank account if payment is through the bank.
After an individual receives an application from the landlord or the tenant, the power is in the hands of the rent controller to set a fair amount of rent.

Fair Rent:

When deciding on the rent of the house, similar houses in the locality on rent at the current time are taken into consideration in the application being made, and the rental value of the house can be decided as per the property tax assessment register of the taxation department.

Rental Inflation:

The house rent prices have risen by 6.21pc from 4.2pc in the past year. This rise in rents marks the gap between housing demand and supply increase in Lahore. Inflation remains amidst the change in family structures. The inflation shows signs in the increasing cost of real estate and construction work lately that’s affecting the house renting market. This increase may cause a crisis for people living in the city. To control rent inflation, the government needs to push individuals who have used incentives to legalize their illegal money and invest in housing.

Residential Resource:

The internet has made it accessible to find rental places easily in the marketplace. An individual can explore their options and get an anticipated expenditure estimate through the online tools readily available.

Renting in Lahore:

The popular choices of residents in Lahore for renting include one-bedroom apartments and bungalow upper portions. The best locations to pick from in Lahore are DHA Lahore, Gulberg, and Bahria Town.

DHA Lahore:

It is the largest housing scheme in Lahore and is widely seen as a well-planned area of the city. It provides high-end facilities, and educational institutes are known internationally. Its phase 4 and 5 has been catching the eye of tenants.

Gulberg:

Individuals rent houses here to keep in touch with the Punjabi culture and remain close to their workplace. It consists of high-rated restaurants, shopping centers, and corporate offices.

Bahria Town:

It provides unapparelled housing, recreational facilities, and commercial to its residents. Residents wanting to live in a serene housing style prefer Bahria Town for being away from the city commotion but still easily accessible.

Johar Town:

It is the most popular among people wanting to rent houses as affordable options can be found, and the society is well connected with all prime city areas. Living in Johar Town is the best option for most tenants cause of its location.

For more information on the real estate sector of the country, keep reading Feeta Blog.

How To Get A House On Rent In Lahore

Thursday, 04 August 2022 by feeta_admin
Lahore is the 26th largest city globally and 2nd most significant in its own country Pakistan. With an estimated GDP of $84billion in 2019, as one of the wealthiest cities in Pakistan. Lahore is a safe city for traveling and adventure, but one can find harmony in its environment that invites people to live their
  • Published in Real Estate

How To Buy Property In A Reasonable Price In Islamabad

The capital city of Pakistan is Islamabad. The Federal Government of Pakistan administers Islamabad as the Capital Territory. Islamabad is highlighted as the ninth-largest city with its metropolitan area Islamabad-Rawalpindi is marked as Pakistan’s third largest with a population of 4.1 million people.

Why Decide On Islamabad?

Islamabad is a region of South Asia; it is the epitome of scenic beauty, with wide tree-lined streets all over the city. Islamabad came with a rich history and was even called Potohar Region before its name changed to Islamabad.

Real Estate in Islamabad:

One has to be cautious when buying property. There is unauthenticity and scams in all business fields, so one should be vigilant in their business affairs. An individual should be aware of their budget and the amount they can invest. The buyers may make the payment in the form of instalments. Properties range from high ends to reasonable prices in Islamabad, helping the middle-class population feel a luxurious lifestyle with reasonable prices for a harmonious living in an expensive city.

Location:

The location an individual chooses to invest in will decide their lifestyle. One should consider if the city centre is close to the place they decided on, is public transport readily available, is buying a private vehicle necessary? Are health facilities, education centres, and stores easily accessible? The location of the property involves the mental map of making vital life choices. One should check out the amenities like water, gas, electricity, and sewerage system before their investment and other facilities like availability of security, green areas, parks, and much more.

Consult A Real Estate Expert:

One should take the advice of an expert when investing in property. Advice for investment is essential when in the capital city, Islamabad. Finding a reasonable property may seem near to impossible in an expensive city, but an expert’s years of experience come in handy when wanting to stay within budget.

Reasonable Property In Islamabad:

Living in Islamabad is the dream for many but individuals don’t even think about investing due to the high rates of real estate in Islamabad. Projects like the Blue World City have been marked highly appreciated for their reasonable pricing with facilitating individuals with the necessary needs. University Town, Qurtuba City, Multi Gardens B-17, and PECHS have been highlighted as the most reasonable and affordable housing societies in the capital of Pakistan, Islamabad.

Blue World City:

Blue World City is a reasonable low-income housing society in Islamabad. It is located on main Chakri road near M-2 Lahore Chakri interchange. The proximity to the new Islamabad Airport and both Rawalpindi-Islamabad increases its value, and in the next couple of years, the project seems to give 100% profit to its investors.

University Town:

University Town is situated on Kashmir highway near the motorway of Lahore-Islamabad interchange and the airport of Islamabad. The city is approved by RDA, designed to be facilitated with modern services and centres so all sorts of people can fit together. Different plot sizes are available at reasonable prices and in easy instalments.

Qurtuba City:

Qurtuba City is a housing society with a unique style that has been inspired by the ancient city of Qurtaba, located in Spain. The core centre of its infrastructure was based on the basics of brotherhood and Islamic teachings. The society consists of good plots, readily available on an easy instalment plan. The society is most suitable for the lower and middle classes to invest in as it consists of all amenities of a modern lifestyle for its residents.

Multi Gardens B-17 and PECH:

The Multi Gardens B-17 is an area approved by CDA and situated in the supreme area of Islamabad; prices are comparatively low than other CDA sectors. PECHS is RDA approved and marked as a good investment due to its location, development standards, status, future, and current prices.

Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Properties in Pakistan.

How To Buy Property In A Reasonable Price In Islamabad

Thursday, 04 August 2022 by feeta_admin
The capital city of Pakistan is Islamabad. The Federal Government of Pakistan administers Islamabad as the Capital Territory. Islamabad is highlighted as the ninth-largest city with its metropolitan area Islamabad-Rawalpindi is marked as Pakistan’s third largest with a population of 4.1 million people. Why Decide On Islamabad? Islamabad is a region of South Asia; it
  • Published in Real Estate
​Tips For Investing In Gwadar Property

​Tips For Investing In Gwadar Property

Gwadar is located on the south-western coast of Baluchistan. It is a port city located on the shores of the Arabian Sea opposite Oman.
Gwadar has been developing its infrastructure at a rapid pace. It is known to be a pivot of China Pakistan Economic Corridor. The investment influx in Gwadar is unprecedented. Experts have marked Gwadar as a game-changer for Pakistan’s real estate.

Investing In Gwadar:

When investing in any business project, one should do a background check and be aware of the pros and cons of the investment. For a profitable investment, one should do research beforehand. In real estate, one should search the area before investing. Some profitable areas for investing in Gwadar are the Sangar Highway scheme, New World City, GDA Housing Scheme, New Town Housing Scheme, and Gwadar Industrial Estate.

Tips for Investing in Gawadar:

The investment area’s prominent features should consist of amenities including green areas, hospitals, education facilities, parks, entertainment facilities, fuel stations, and transport facilities.
One should invest in an area that is up and coming as it allows one to be part of the development before the prices rise. The idea goes well for Gawadar as it’s an up-and-coming project, and investment in its property will be profitable.
Gwadar has a location that is planned to be used strategically for trading purposes of the country. Gwadar is to become such that all exports and imports will pass through its deep-water port. The imports will be from China, and exports will be to and from Africa, the Arabian Gulf states, the Middle East, and Europe. There will be a facility of a floating liquefied natural gas facility built as part of the $2.5billion Iran-Pakistan gas pipeline project.

Demand For Property:

The demand for property in Gwadar has been rising, and the indicator for it is the construction carried out in the special economic zones of the city. The inspiration for Gwadar has been taken from Shenzen. Shenzen is a zone of China. Before its development, Shenzen had a population of 30,000 and today consists of between 13 to 20 million.
If a fraction of what happened with Shenzen takes place in Gwadar, the demand for real Estate in Gwadar will skyrocket. The statistics show that in 2014 Gwadar consisted of a population of 85000 inhabitants, and its current population is estimated to be 250,000.

Documentation Of Property:

Scams have been common in all parts of a business; one should be cautious when investing. CPIC helps with providing all required documents on time after the completion of the purchase. Faulty or non-existent paperwork may be provided as original to scam the investors. To ensure that the documents are original, CPIC comes in handy.

Budget:

Real estate requires making the right choices as an investor. It requires knowing one budget; how much an individual needs to spend, including extras and not just the purchase. The extra pay may include legal fees, tax fees, and other payments. The best idea is to keep extra cash on hand for expenses one may not have calculated or even thought of.
Once details are collected, one can get an idea of how much one can afford. One method to make a purchase at the best price is by being assisted by consultants and being transparent about one’s budget and costs throughout.

Reliable Construction:

The first step of investing in Gwadar would be buying a plot of land. The next step is to actually start the construction of a home on the plot of land bought. The reliable move would be to hire tradesmen who can get done with the construction on time at a reasonable price.

Make A Flexible Investment:

Investing in land is a secure asset and won’t wear out, get broken, stolen, or destroyed. A finite amount of land is available in Gwadar, and prices are rising per investment; invest in land to rent out or to use yourself.

For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.

​Tips For Investing In Gwadar Property

Thursday, 04 August 2022 by feeta_admin
Gwadar is located on the south-western coast of Baluchistan. It is a port city located on the shores of the Arabian Sea opposite Oman. Gwadar has been developing its infrastructure at a rapid pace. It is known to be a pivot of China Pakistan Economic Corridor. The investment influx in Gwadar is unprecedented. Experts have
  • Published in Real Estate, Real Estate News
Cozy-35-Square-Meter-Apartment-Makeover-With-Floor-Plan

Cozy 35 Square Meter Apartment Makeover With Floor Plan

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With the inability to move or remove the panel structures that segment this apartment, the challenge was to arrange functional areas to best serve the new homeowners. Displayed by Victoria Aloshina, the 35.3-square-foot apartment has an entrance hall with a wardrobe, a kitchen and dining room, a compact bathroom and toilet, and a living room that merges with the bedroom, main wardrobe and toilet area. The interior is a pure white and light gray aesthetic with a soft and comfortable atmosphere. Storage was installed in each corner to maintain a clear and open attraction without visual noise or overpowering.

We begin our tour of this comfortable apartment in the living room, where soft gray walls, a small sofa and a complementary upholstered stool build a soothing colored base along with clear white elements. Framed wall art places a warm visual anchor on the sofa’s focal wall.

A black side table and a matching black floor lamp place a dark contrast around one end of the sofa, where they form a comfortable and practical reading area. A small textured rug lies a light break on the hardwood floor.

The window end of the living room switches works into a comfortable bedroom. A solid white podium bed base serves to visually separate the bedroom from the living room and also offers large storage space. Olive accent cushions and matching throw add a muted color.

The podium bed and master wardrobe form a single cube that can be sectioned behind a door curtain. The cloth is clean so that natural light from the window still falls on the living room when the bedroom is closed.

A decorative vase adds a contrasting black accent to a white radiator cover under the window, where a sweet bird image overlooks a city view.

An open shelf makes a decorative end to the run of white closets in the bedroom cube. A minimal book collection and a few underrated candles lightly adorn the tower of shelves. A floating vanity table is assembled next to the bedroom cube to form a wardrobe with a large mirror.

A small TV is wall mounted next to the vanity area where it can be watched both from the sofa and from the bed.

The special cut vanity mirror from floor to ceiling increases light and the perception of space in the small room.

The kitchen dining room is isolated from the living room / bedroom, separated from the entrance. The kitchen is a compact room and so simple white kitchen units have been utilized to help the space feel bigger and brighter.

A small dining table is placed in the corner of the room by the window. Modern white dining chairs with olive cushions seat two. A small dining table hanger attractively anchors the dining set in place.

Open kitchen shelves give the opportunity to add some decoration to the minimalist kitchen installation.

Black appliances are in stark contrast to the white cabinets in the small kitchen. A light gray counter subtly shades the preparation area.

Originally the apartment had a very long balcony area. To make better use of this additional space, the outdoor balcony area has been halved in favor of a new indoor part that can accommodate the young homeowners in all weather.

In the spacious home entrance, a tufted cubic puff puts a deep olive accent next to a mirror wall. The chair and mirror make a useful wardrobe for putting on shoes and last minute check appearance before stepping out the door.

An LED strip light pulls along the top edge of the along-cut mirror to offer bright light where there are no windows.

The full-length mirror widens the look of the hallway on one side, while a small entrance shelf makes it a convenient place to put down keys and phones. A small lamp adds a soft glow to the shelf, which serves as a corridor night light after dark.

The enclosed balcony makes for comfortable reading and also serves as a valuable storage space. A hidden storage box inserts into the deep base of the built-in reading chair, and shallow top cabinets extend to the ceiling line. Narrow shelves add a decorative element.

The remaining outdoor balcony serves the couple well in warmer weather. A set of modern outdoor chairs and a small side table form a great place to have coffee.

Vertical subway tiles covered the walls from the vain backsplash to the shower wall. A very narrow towel warmer and a cloth washbasin press into a tight corner in between. An angled shower cabin clears a walkway across the small bathroom while offering adequate space inside.

The bathroom doubles as a service room, an olive green appliance housing unit contains the sink dryer and neatly hides laundry supplies upstairs.

The 3D floor map illustrates the new division of balcony space between outdoor and indoor use.

The outdoor balcony area is accessed by the new indoor section, where the door can be leaned open to create a gentle breeze in the reading room.

 

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For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.

Cozy 35 Square Meter Apartment Makeover With Floor Plan

Thursday, 30 June 2022 by feeta_admin
Like Architecture and Interior Design? Follow us … Just one more step. Please click the confirmation link sent to you. With the inability to move or remove the panel structures that segment this apartment, the challenge was to arrange functional areas to best serve the new homeowners. Displayed by Victoria Aloshina, the 35.3-square-foot apartment has
  • Published in House Tours, Real Estate, studio apartment design, white
Apartments-vs-Plots-Which-One-is-a-Better-Investment

Apartments vs Plots: Which One is a Better Investment?

Every person who comes from the investing community has a question in their mind about what types of investments are more profitable and where they should put their hard earned wealth. We attempted to reach a conclusion based on many criteria such as liquidity, performance, and personalization choices.

In choosing the biggest investment opportunity, there is no black and white. Everything has advantages and disadvantages, and advantages for one can be disadvantages for another.

To clarify matters, we have chosen to write the hot topic for now—apartment vs plots wrt investment. So, if you are an investor who is not sure whether to invest in an apartment or land, this blog is for you.

This blog will provide you with a simple but helpful guide to help you make well-informed decisions about your upcoming real estate investment.

APARTMENT OR LAND: WHAT IS THE BEST INVESTMENT OPTION

When It Comes to Returns

According to experts at Globe Estate, plots are worth faster than units. This is largely due to a shortage of plots on the market. Age does not affect your investment in plots, as well as in apartments. The value of a property is determined by its location and proximity to major infrastructure initiatives. In addition, during constant market circumstances, the value of a plot increases over time.

Because building a plot is easier, there are more takers, making it easier to leave your investment whenever you want. If you want a consistent return, consider investing in a commercial, office or retail properties.

It all depends on your point of view if you want to use it as a store of value. If you have a long-term vision, buying land is a good choice; for a shorter time, choose a modest apartment. Location, surrounding infrastructure, and the quality of the neighborhood all increase the value of apartments and plots.

What about customization?

Plots are open areas of land within a society that can be tailored to the tastes and desires of the resident. The owner has complete control of the design, molding and construction of the property.

For the apartments, the situation is different. Apartments are often pre-designed and built apartments that are sold to individuals, and the ability to customize them is severely limited. The tenants or investors may not customize them according to them.

Effort and Determination

When you buy land, it is necessary to design the building according to an approved sketch and hire an architect or contractor to carry it out. In addition to managing the building, coordinating funding, and dealing with magistrates and contractors, it involves a lot of hard work on minor details.

When you buy an apartment, however, the developer is responsible and gives you ownership after the location is finished. The only thing to worry about is the furniture, not the physical building.

In addition, an apartment includes essential services such as electricity reserve, water, maintenance and security, as well as some additional amenities such as a clubhouse, swimming pool, etc.

If you decide to buy a website and build a house on it, you will almost certainly have to make all your own arrangements. This makes buying an apartment a viable choice.

Legal Concerns

One of the main features of the plots is that they can be set illegally. To be safe, it is better to consider buying property in doorway communities, as the builder will take care of it on your behalf.

If not, do a thorough study of some things before buying land, and watch it until you build your home on it. Many challenges of land capture appear every day in Pakistan. Although these worries are somewhat reduced when buying an apartment, they do exist.

Make sure you get an apartment registered so that all transactions are transparent. The statute of RERA Pakistan ensures that the builder delivers the unit promised to you. If he does not meet the standards, the builder must compensate the buyer or it will be considered a criminal offense and the builder may be imprisoned.

Delivery of Possession

Transfer of ownership of an apartment could take months or even years. Plots are normally ready for possession at all times. As a result, a buyer intending to invest in a piece of land will receive ownership much sooner than a buyer trying to invest in a unit.

Appreciation

Plots have increased in value due to the rising need for free land for individuals to build their homes. Because the plots are vacant lots that can be purchased at any time, the buyer can start building anything he wants, based on his own preferences.

This does not happen with apartments, as the value of an apartment decreases with time. This is because the value of the building decreases over time. Another thing to consider is that the maintenance required in an apartment is much greater than that required in a plot; rather, you can keep a plot as long as you want without paying even one rupee.

Quality Is Offered

Housing development can also be delayed for a variety of reasons. This delay can prompt the builder to quickly complete his tasks. Often, in this precipitation, the quality of the result is considerably degraded by builders who try to minimize costs while meeting deadlines. Their inability to meet deadlines as a result of time limits and cost reduction has a severe impact on the quality of the constructions.

Investing in Plots: Things to Consider

The plots are favored by people looking for the flexibility to build and design their own houses, as well as by investors looking for lower capital gains in relation to the amount invested. If you intend to use the property to build a house, you will need great financial support as you will be responsible for the costs of land, building, architects, designers and workers.

Acquiring land and building a house is an equally demanding and time-consuming undertaking. Banks give loans for the purchase of land, but the conditions are different and stricter than when buying an apartment.

For example, the maximum credit limit for buying land is typically smaller than the maximum loan limit for building construction. This means that you may have to put down a large amount of money when you buy land.

Investing in Apartments: Things to Consider

Apartments are fast becoming the most cost-effective type of real estate in Pakistan. Its appeal can be attributed to factors such as, but not limited to, modern appearance, modern comforts, and improved safety. In addition, the developer is generally responsible for water supply, energy, and maintenance.

As a result, if you are buying an end-use property and do not want the ability to build your own house, apartments may be the best choice. Because these units are widely accessible, you have a variety of alternatives depending on your location, price, and other preferences.

The Final Verdict

So, these are some of the factors that you need to consider when investing in apartments and land in Pakistan. Please read them carefully and make an informed choice that best suits your investment requirements.

For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.

Apartments vs Plots: Which One is a Better Investment?

Friday, 24 June 2022 by feeta_admin
Every person who comes from the investing community has a question in their mind about what types of investments are more profitable and where they should put their hard earned wealth. We attempted to reach a conclusion based on many criteria such as liquidity, performance, and personalization choices. In choosing the biggest investment opportunity, there
  • Published in Apartments vs Plots, Best Investment Option, Real Estate
How-To-Buy-Sell-Property-in-Pakistan-the-Easy-Way

How To Buy/Sell Property in Pakistan the Easy Way

As it turns out, selling a home is often easier than buying one. Real estate usually does not have to pay various types of taxes, and they often do not have to see multiple buyers because they are frequently contacted by interested parties. This does not imply that the procedure is fast. This blog will examine all aspects of buying and selling property in Pakistan.

The buying and selling procedure of property in Pakistan is similar everywhere in all housing societies, with slight differences imposed by individual developers. Most individuals wonder how property in Pakistan can be transferred. The transfer procedure is carried out at the office of the municipal land development authority.

How to Buy a Property in Pakistan?

Some buyers regularly ignore essential advice when buying property in Pakistan or buying houses at the lowest possible price. Below are some ideas and tips for buying property in Pakistan.

The key is research

Do ongoing research. You can never do the necessary research. A lot of people rush into real estate and make rash decisions, which leads to bad buying decisions. If you like property, get some information about the surroundings.

Find the neighboring crime rate, and find out how many houses in the area have recently been sold. Discover in depth.

Visit the region

The most critical step to getting home ownership in Pakistan is to visit the actual website. The buyer must request that the merchant accompany him to the website to inspect and confirm that the property is on the ground.

For Pakistanis living abroad, another individual must come to look at the property and then resolve the difficulties.

Don’t ignore the neighborhood

Is it acceptable to claim that you are looking for peace and quiet? Remember that a real estate agent works with the seller to ensure the best possible deal they can arrange at the best possible time.

When you see a property, the surroundings can be peaceful and quiet. Consider whether the area is well equipped to meet your needs.

Evolutionary state

Every buyer wants to buy ready-to-move apartments or those that are under construction. The condition of these prefabricated homes must be satisfactory, and these houses, villas, and apartments must exist on the property independently.

In any case, the method must include at least the gray structure of these features.

Possession of plots

Plots having possession or where it will soon be proclaimed are always preferred in acquisition.

Buyers should try to buy houses, villas and apartments where keys have been delivered or will be delivered soon. In the area where ownership is available, housing is growing rapidly.

Empty property seems to be very different

Suppose the property is empty — don’t be fooled by a well-created merchant’s offer. When a home is stripped of its lining, you may be surprised at how grand it looks.

Check behind and under the furniture, as no one knows what surprises may be hidden: dirty floorboards, peeling wallpaper, and so on.

Location in general

If main area properties are expensive or inaccessible, the overall area of ​​the area and the location of your home should be appropriate. All buyers must exercise extreme caution as they come home for a point of sale, house number, villa number and apartment number.

Individuals who are interested in buying unelected apartments/villas are advised to slightly expand their budget to acquire property with a number.

Finding the perfect house is never easy. Shouldn’t something be mentioned about your ideal location? Does it have all your necessities, similar to a neighboring grocery store, party, schools, etc.? Focus on the overall plan rather than just the website. Make sure the community is equipped to meet your needs.

Real estate

Before making an offer, make sure you have asked about what comes with the property. Many apartments are well-appointed, especially those with integrated bathrooms and kitchens. You might be surprised if you relocate only to discover that the previous owners brought the fixtures with them.

Explore property prices

Regardless of whether you suspect something, you can never find the right property with just one investigation. Take as much time as you need to find a place. Don’t limit your search to one area.

Instead, be fairly open to other results. You will show indicators of progress in terms of what your well-earned money can really bring to you. Examine the properties at various retailers.

How to Sell a Property in Pakistan?

If you want to sell your house in the real estate market, keep reading these amazing recommendations on how to sell your property in Pakistan.

Your home needs to be ready for a “move”

Aesthetics are essential, but appliances, doors, plumbing and electrical equipment must also meet current construction requirements and function properly.

Again, the goal is to have the house in a condition of relocation and give prospective buyers the feeling that they will be able to relocate properly and start enjoying their new home without having to spend money or time repairing it.

Separate yourself

Consider creative designs or specific upgrades, such as landscaping, new roofing, or high-quality windows, to attract buyers and highlight your property. So, while we encourage making small changes. How to change the kitchen sink or repair an aging water heater, we do not propose to make major changes.

If you have an old-fashioned bathroom or kitchen, you will usually go ahead lowering the asking price for a buyer to choose their own textures. This can help improve the appearance of the house while possibly increasing the value of homeownership for sale in Lahore and other regions of the country.

Any changes should be functional, with patterns and colors that appeal to the widest possible audience. In addition, they should complete the house and its other amenities, such as building a lawn or yard close to the outdoor space.

Take away the disorganization

It is important to remove all clutter from the home before showing it to prospective buyers because buyers need to be able to see themselves in the space.

This could involve removing some furniture to make rooms look bigger, as well as storing personal items such as family pictures. This method can greatly help you list your home for sale.

Improve curvature appeal

The value of a curved appeal is sometimes overlooked by vendors. The first thing a buyer notices about a property is its exterior and how it blends in with the surrounding neighborhood.

Make sure the exterior is freshly painted and that the plants and lawn are properly cared for. In the real estate market, aesthetics are quite important, especially when you are buying DHA houses for sale. What better approach to distinguish your home than to make it visually appealing at first glance?

Sugar the deal

Another method to make the accommodation and treatment more appealing to buyers is to include terms or items that can sweeten the pot. For example, sellers who provide a few thousand rupees credit for closing costs or offer to pay closing costs in full may attract greater attention from homebuyers looking for similar properties.

Buyers are looking for a deal in a low market, so do your best to make them feel like they’re getting what they want.

Appropriate price

No matter how well you restore and present your home, it is important to evaluate it correctly, especially for retailers in Bahria Town. Consult a local real estate agent, such as Feeta.pk, and visit their online real estate website to find out what comparable properties in your area are selling.

Selling your property quickly requires a little extra effort. Do everything you can to have the house in a clean condition, and be prepared to make a few small concessions at closing. These amazing recommendations, along with an attractive rate, can increase your chances of successfully selling your property in Pakistan.

Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about property in Pakistan.

How To Buy/Sell Property in Pakistan the Easy Way

Thursday, 23 June 2022 by feeta_admin
As it turns out, selling a home is often easier than buying one. Real estate usually does not have to pay various types of taxes, and they often do not have to see multiple buyers because they are frequently contacted by interested parties. This does not imply that the procedure is fast. This blog will
  • Published in best way to sell property in pakistan, buy property in pakistan, can foreigners buy property in pakistan, can overseas pakistani buy property in pakistan, General, How to buy property in Pakistan, how to sell a property in pakistan, how to sell property fast in pakistan, how to sell property in pakistan, property sell in pakistan, Real Estate, sell your property in pakistan
Overseas-Property-Interest-in-Homeland-Top-Housing-Societies

Overseas Property Interest in Homeland: Top Housing Societies

Overseas Pakistanis, whether working or living abroad, are always looking to create an investment portfolio to continue their lifestyle in their country after retirement. Making safe investments could be difficult, but thanks to continued government incentives, real estate is a great and highly desirable alternative nowadays.

Although choosing a decent real estate project requires prudence and precision, New Metro City is largely considered to be the safest and most successful investment.

Real estate has always been an attractive sector that provides great returns on investment both in the short and long term. In addition, several benefits included in the 2022 Construction Package, as well as recent incentive constructions in New Metro City, have given weight to the huge housing program for Pakistani expatriates.

In addition, many Pakistanis living abroad were deceived when they tried to buy property in Pakistan. To minimize anxiety, we provide this information on the best societies in Pakistan so that our foreign Pakistanis can invest safely in their country.

The reason for interest in homeland property for overseas Pakistanis:

Foreign visitors now account for more than 30% of all real estate purchases in Pakistan. Let’s first discuss the benefits:

Roshan Online Account:

Roshan Digital Accounts was also launched, allowing overseas Pakistanis to effortlessly participate in residential and commercial real estate through legal methods. The State Bank has imposed a three-year minimum period for investment in real estate.

Depreciation of the Pakistani rupee:

Pakistani migrants living in places like the United Kingdom, the United States and Dubai are earning in the currencies of their respective countries, which are now trading heavily against the Pakistani rupee. As a result of the inequality in currency prices, they have an advantage over locals in investing more in local homes and real estate.

Interest Rate Reduction:

According to a recent official announcement issued by the State Bank of Pakistan, the interest rate has been declining. People are forced to withdraw their funds from banks and invest in other areas when interest rates fall. Obviously, the real estate sector has an advantage here.

Tax Reduction:

The government’s 2022 Construction Package, unveiled after an ongoing epidemic, is appealing, especially for overseas buyers. It includes a tax amnesty system for the real estate sector, which allows people to participate in the building business without identifying their source of income.

Then, a one-time capital gains tax exemption was provided on the sale of a personal home of up to 500-yard home or 4000 sq. ft. payment. These incentives are valid until December 31, 2022, however, the deadline is likely to be extended.

Best Pakistani Foreign Investment Companies:

There are various options for foreign Pakistanis to invest in real estate. We will look at some housing plans in Pakistan for foreign investors.

However, before investing in any property, including the largest corporations in Pakistan, you should consider the precautions outlined later in the blog.

New Metro city Kharian:

Overseas Enclave is one of the most common blocks in New Metro city Kharian. The assets are approved and licensed. This block is completely built, and it offers a wide range of facilities, from basic to grand. According to the project’s official website, Overseas Enclave was “built around bright sights of the beautiful lake.”

Add beautiful green parks to its grandeur. People who want to get away from the hustle and bustle of the city while still being in an elite area generally visit Overseas Enclave. Many families already live here. It should be noted, however, that only Pakistanis living in other countries can buy property in Pakistan.

One channel of land is rentable in the Overseas Block. In the society, there are also 10 marl mansions with property values ​​ranging from crore PKR 1.3 and crore PKR 2.5. If you want to invest in plots in Overseas Enclave, you can buy 10 seas and 1 canal property. Contact reliable network dealers to keep you updated.

New Metro City Gujar Khan:

New Metro city Gujjar Khan is the next residence project. Rumor has it that 10 or 5 sea homes will be offered for sale. Prices range from approximately PKR 50 lakh to PKR 85 lakh. Get help from our property consultant to know more.

Documents Needed When Investing In The Leading Companies Of Pakistan:

Everything is incomplete unless proper documentation is provided. To invest and register property on your behalf, you will need sufficient legal documentation. The following are the basic lists of articles that are needed by you for an additional method:

  • 2 or more existing passport photocopies
  • Latest passport size photos of you
  • At least 2 copies of the National Foreign Pakistan ID Card
  • Photocopy of entry mark for residence in a foreign country
  • Pakistani exit mark photocopy
  • List of family members
  • Photocopy of the National Identity Card of the next of kin

Before the articles can be submitted and processed further, you must first approve them. You also need to keep the security deposit and security index on file for future problems.

Before Making A Property Investment, Security Resources For Overseas Pakistanis:

Consider these tips before investing in leading companies in Pakistan for foreign Pakistanis.

Confirm that the land has been approved by government authorities:

The first concern that arises when considering buying a property is whether or not a home project is safe to invest in. If it is administered by municipal authorities such as the Capital Development Authority (CDA), the Karachi Development Authority (KDA), or the Lahore. Development Authority (LDA). Either from a regulated administration such as the Defense Housing Authority (DHA) or the Pakistan Armed Forces (PAF), it is almost certainly a safe investment opportunity. Check if the housing plan is approved by the government. If a project is still seeking official permission, it should raise red flags for potential buyers.

Government officials continue to double-check the housing scheme. If work is still awaiting government permission, it should serve as a red flag to potential clients. Lack of approval, more often than not, means that the property will be revoked by the authorities in the near future. As a result, investing only in well-known, approved businesses is your best chance.

Don’t believe false claims:

Try not to be pushed into falling for real estate sales ads that are targeted at you on Facebook, other social media platforms, and on TV every other day. To be more specific, every Pakistani living abroad who wishes to acquire property in Pakistan should avoid falling prey to the tariffs advertised in these brilliant advertisements and should be aware of these commercially produced scams.

Beware of illegal properties and housing:

When dealing with counterfeit assets, these fraudulent companies and their schemes can be a nightmare for individuals living in Pakistan, regardless of who lives abroad. These companies or properties may be bad or likely to start later due to a lack of legal permits or government approval.

The Bottom:

Buying property isn’t easy, especially if you’re not from the nation, but if you follow the above guidelines, you should be able to get what you want without falling victim to fraud.

You can also seek help and information from reputable properties with proven histories, such as Feeta.pk. We are one of the leaders in Pakistan real estate companies, dealing with various features like New Metro City, Gwadar Golf City and many more reliable housing societies.

Overseas Property Interest in Homeland: Top Housing Societies

Thursday, 26 May 2022 by feeta_admin
Overseas Pakistanis, whether working or living abroad, are always looking to create an investment portfolio to continue their lifestyle in their country after retirement. Making safe investments could be difficult, but thanks to continued government incentives, real estate is a great and highly desirable alternative nowadays. Although choosing a decent real estate project requires prudence
  • Published in Best Pakistani Societies, Business, housing societies, new metro city gujar khan, New Metro city Gujjar khan, new metro city kharian, Overseas Property Interest in Homeland, Overseas Property Investment, Pakistan's Top Societies, Property Consultant, Property News, Real Estate, Real Estate News, Top Housing Societies
Top-Housing-Schemes-in-Lahore-on-Installments-2022

Top Housing Schemes in Lahore on Installments 2022

Good news for the people of Lahore – lots of plots in easy installments!

Those who can’t afford a large sum for a plot can now invest in new home developments in Lahore 2022 every month. As Lahore’s population grows by the day, housing concerns become more prevalent. Most novices in this city have the option to rent.

However, affordability is not as easy as one might think, so in this case, in 2022, one will be able to acquire land in one of Lahore’s new housing schemes on payments. Basically, each society has its own payment plan, with various down payments based on community laws. The plot varies according to the size of the plots.

Seven Top Housing Companies in Lahore on Payments:

Possession of plots is granted immediately after the payment of installments, while in certain circumstances companies require additional time to provide possession after the completion of payments.

1. Kings City

Al Kabir Developers established Kings Town Lahore in 2019. It is located on Raiwind Road in Lahore. It sells houses in installments of 3 marl and 5 marl, as well as residential plots.

Kings Town Lahore is divided into two phases: Phase 1 and Phase 2. Phase 1 was released in 2019 with housing plans, while Phase 2 was launched in 2021. The project is near Bahria Orchard in Lahore, on Raiwind Road. Kabir Town Phase 3 is another name for it.

Payment plan

The payment plan for King’s Town Lahore (2022) includes one sector of A with residential plots available for booking. The 2022 payment plan offers 3 marlas for PKR 360000 and five marlas for PKR 5500,000 in total.

The reserve fee is PKR 600,000, plus PKR 25000 deposit. Houses will be bookable in 2022 with a four-year payment plan. A reserve option of a floor base is available, with prices from PKR 3600,000 to PKR 4200,000 according to a simple payment plan.

In 2022, Kings Town Sector A and Phase 1 Block B are also available for reservation. The company is also prioritizing a low-cost plot with high-end amenities, which is why fresh bookings for 2022 have begun in phase 2 of King’s Town Lahore.

Because the plans for 2021 and 2022 are so identical, all 2021 reservations can still be made in 2022, but at one price. One price refers to prices that are charged as a profit over the initial file price. Many others still have previous reservations but want to buy new ones in the phase 2 A-block. This demonstrates the market value of a society.

2. Dream Housing Society

On Main Raiwind Road, in front of Lake City and adjacent to Superior University Campus, Dream Housing Lahore is located. The Lahore Ring Road is a few minutes drive away. Residents will have easy access to the city’s main neighborhoods thanks to the Ring Road junction (LRR).

The company provides 3 Marla and 5 Marla residential plots for PKR 2,700,000 and PKR 4,500,000, respectively, and an inexpensive 48-month payment plan with PKR 15,000 and PKR 25,000 paid monthly for 48 months and two years. Under a three-year payment plan, commercial plots of 2.5 and 4 marl are also offered.

Brochure on Dream Housing

3. Park View City Lahore

The Vision Group has created and owns Park View City Lahore, a spectacular housing project. The land is about 7000 Kanal in size and provides housing for over 4500 households. The Thokar Niaz Baig flyover is a few miles from Park View City Lahore, which is located on the major Canal Road.

A legal NOC is present in the housing project. It is a Lahore Development Authority-approved real estate project and one of the Lahore housing companies that sell plots in installments. In addition, the housing association offers plots of 3, 4, 5, 8, 10, and 1 Channel per month.

Regarding the amount of the plot price, however, a 5% discount is available. Additionally, 10% additional costs will be applied to plots in the elite category, such as corners, park facing, and main boulevard locations.

4. Zaitoon City

Zaitoon City, located on Canal Road between New Lahore City, Bahria Town, and Multan Road, provides commercial and residential plots for 3.5 to 4 years on payments.

5. Lahore Smart City

Another housing company in Lahore that offers plots in installments is Lahore Smart City. Future Development Holding Private Limited and Habib Rafique Private Limited collaborated on this important project. This residential community in Lahore is also accessible from the Lahore Ring Road and is located on the Lahore Bypass.

Administrative and Overseas Blocks make up the housing project. Plot sizes of 5 marlas, 7 marlas, 10 marlas, 12 marlas, and 1 Kanal come with a flexible and inexpensive payment plan. In addition, this housing company has received approval from the Lahore Development Authority and is a great investment opportunity.

6. Dream Gardens

Dream Gardens Lahore is located on Raiwind Road, 2 minutes from Canal Bank Road, 10 minutes from Shaukat Khanum Hospital, with easy access from Lahore Ring Road and close to the city’s major universities. It is divided into two sections, each of which must provide an amazing storyline.

It has residential plots of 5 Marla, 7 Marla, 10 Marla, 20 Marla, and 30 Marla, as well as commercial plots of 6 Marla, 7 Marla, and 10 Marla. Residential parks start at PKR 5,948,800 and go up to PKR 26,790,300, with a 36-month payment plan and 12 quarterly installments available. Reserves start at 30% down and are spread over three years.

7. Al-Rehman Garden Lahore

Al-Rehman Garden of Lahore is an LDA-approved housing company. In addition, the project is being built by Al-Rehman Developers, one of the most famous and well-known real estate companies in the world.

In addition, the housing company consists of seven stages and is located on Ferozwala Road near Sheikhupura. Real estate investors have benefited greatly from the ideal location. Residential parks of 3,5,8, and 10 marl are available on a fee payment from the housing association.

At the same time, the commercial property is available on delivery in 2 and 4 marlas. Al-Rehman Garden is one of Lahore’s best-known housing associations, with a very reasonable monthly payment plan for the city’s population.

Key carry

Lahore’s real estate industry is growing by the day, and with each passing day, builders and investors have to deliver some of the most innovative and exciting real estate projects.

The trader who initiates the strategy reaps a great profit. The starting price comes with the sold out files as soon as the plan is announced. For both buyers and sellers investors, this is a successful investment without the risk of losing money.

So if you can afford it, don’t worry about investing; just go to the advertised website and arrive early to secure a place.

As time went on, everything around Lahore became part of the city. So, don’t worry; new home projects in Lahore 2022 in installments will appear in the coming days, and their advertisements will be published soon.

However, according to Globe Estate and Builders real estate experts, the most recommended housing companies in Lahore are Kings Town and Dream Housing Society.

Stay tuned to Feeta Blog to learn more about Real estate in Pakistan.

Top Housing Schemes in Lahore on Installments 2022

Thursday, 26 May 2022 by feeta_admin
Good news for the people of Lahore – lots of plots in easy installments! Those who can’t afford a large sum for a plot can now invest in new home developments in Lahore 2022 every month. As Lahore’s population grows by the day, housing concerns become more prevalent. Most novices in this city have the
  • Published in Al-Rehman Garden Lahore, Business, Dream Gardens, Dream Housing Society Lahore, Kings Town Lahore, Kings Town Sector B Lahore, Lahore Smart City, Marketing, Park View City Lahore, Property News, Real Estate, Real Estate News, Seven Top Housing Societies in Lahore on Installments, Top Housing Schemes in Lahore on Installments 2022, Zaitoon City
Famous-Tourist-Places-In-and-Around-Gujar-Khan-City

Famous Tourist Places In and Around Gujar Khan City

Gujar Khan is a small town in Pakistan that can be explored in a single day. It benefits from natural resources such as oil and gas, and its population of about 75,000 people is rapidly expanding.

In this city, there are not many activities to do or places to visit. In addition, because it is a small town, there is less housing. People are generally considering stopping here on their way to nearby towns. You can stop here for a quick bite and rest from your travels.

Check out the list of places in and around Gujar Khan to learn about the best things to do in these places. So, the next time you are in Gujar Khan, you can choose which nearby city to visit for an unforgettable trip.

But first, let’s discuss …

Location of Gujar Khan City

Gujar Khan is about 55 kilometers southeast of Islamabad, the capital of Pakistan, and 220 kilometers northwest of Lahore, the city of Punjab. Gujar Khan is bordered on the north by Rawalpindi, Islamabad, and Attock, on the south by Jhelum, Lahore, and Gujrat, on the east by Azad Kashmir and Kahuta, and on the west by Chakwal and Khushab.

Gujar Khan is located in the Pothohar cultural zone. Gujar Khan is located two kilometers from the Dohngi Dam and about 35 kilometers from the considerably larger Mangla Dam.

Popular sights in and around Gujar Khan City

Sangni Fort is a fort built on the borders of Gujar Khan and Kashmir by the Maharaja of Punjab. It is located on a high rock on the way to Bewal via Daryala, with only one access.

It is closest to Barra Dari, a housing development containing two ancient sites. Dhandgali Bridge is an ancient wooden and rope bridge. It is an important curiosity. In addition, Lakhtala is a rocky place with devotional graves of people. Let’s discuss some of them in detail.

1. Bedi Mahal

The Bedi Mahal, also known as “Babay da Mahal (The Old Man’s Palace),” is a wonderful Sikh house built by a famous Sikh businessman and community leader, Baba Khem Singh Bedi. The mansion is in fairly good shape, with mysteries of its former grandeur still hidden behind its walls.

Although there is no specific date for its creation, the Bedi Mahal is said to have been built in the 1850s. It was built mostly of sandstone and plastered with lime surkhi (burnt clay). Artists and masons from the nearby town of Attock were commissioned to create beautiful paintings and carvings for this four-story, 84-room structure.

In addition to the remarkable interior design, there was an orchard, a stable, and a small zoo of exotic animals. A panoramic view of Kallar Syedan ​​could be seen from the top of the skyscraper.

People went to social media to gather behind the cause of rescuing the Bedi Mahal and its majestic architecture from full decay while the Rawalpindi Development Authority (RDA) began to take on the role of historical protection.

Baba Khem Singh Bedi’s legacy is undoubtedly extensive and unfolded, but the palace’s architecture and frescoes may prove useful in future exploration of how cultures and beliefs have coexisted peacefully in the Potohar Plateau for millennia.

2. Masjid Rajgan, Bagnoter

The Masjid Rajgan is another attraction in Khanpur, Pakistan. This masjid, who is almost 140 years old, is still standing to tell his story. It has experienced many hardships over the years, and its majesty may have diminished, but its architecture and design, as well as the art and spirituality that have been witnessed here, make it incredibly remarkable.

Masjid-Rajgan, -Bagnoter

Raja Sultan Jehandad Khan built it in 1872. The building was built with bricks and black stones, while the wood for the doors and cupboards came specifically from Leepa Valley.

Artists have been called in from Delhi, and as a result, the mosque assimilates all the basic elements of Islamic design. Its significance can be understood by looking at copies created in neighboring nations.

3. Sangni Fortress

The Sikh Period is thought to have begun in the late 18th or early 19th century. The grand fort served as a regional stronghold, with the aim of increasing authority over the area and increasing tax collection. A small hilly stream runs on three sides of the structure and is typically dry throughout the year. The fort is in remarkably decent shape.

Sangni_Fort

The fort was most likely built during the Sikh period (1799-1849). In 1814, Sandhawalia Jat king Maharajah Ranjit Singh took over that region. It was created to maintain control of the region and to facilitate tax collection.

The British included this territory in Bewal. The fort gradually lost its significance and faded into obscurity. The guards of a discreet temple nearby moved the shrine to that fort. The fort is in fair shape, with intact walls, but the interior has been renovated and decorated due to the presence of Sahibzada Abdul Hakeem’s mausoleum.

Natural Resources in Gujar Khan City

Large oil and gas fields were discovered in February 2002 near Tobra, about ten kilometers from Gujar Khan. The Oil and Gas Development Company is developing the field. The field has the potential to produce 1,600 barrels of oil per day.

The Ahdi oil and gas field (Mastala) is located about 30 kilometers from Gujar Khan, near Daultala town, and is managed by Pakistan Petroleum. Huge oil and gas fields have been discovered in the Missa oil field, 5 kilometers from Gujar Khan, according to the Oil and Gas Development Company.

According to authorities, the find was made during drilling at well no. 3 from the Missa Kaswal oil and gas field near Tobra. The field has the potential to produce 1,600 barrels of oil per day. OGDCL is now looking for new natural resources in other regions of Gujar Khan.

Accommodation and Accommodation in Gujar Khan City

The lifestyle in Gujar Khan is almost the same as in other developed areas of Pakistan. Recently, we have seen a rising trend of entry-level housing in Gujar Khan. One of the next housing companies is New Metro City. New Metro City Gujar Khan / Rawalpindi is a model and extravagant project of BSM Developers. Following Gwader Golf City’s huge popular approval, BSM Developers will develop a new housing society to suit public demand. The purpose of this housing society is to provide people with the opportunity to live a royal lifestyle; Bahria Town and Gawadar Golf City are two examples of similar living standards; and, most importantly, to compete with housing societies that raise funds under the guise of development but deliver nothing.

New Metro City Gujar Khan’s main avenue will be carpeted and 250 feet wide. The main boulevard should have ample space as it is the main road coming to the housing society.

Many apartment complexes have a large main boulevard, but the streets themselves become smaller as you enter deeper into the complex. New Metro City Gujar Khan, on the other hand, has streets that are 40 feet wide, allowing you to park in front of your house without taking up too much road space.

For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.

Famous Tourist Places In and Around Gujar Khan City

Tuesday, 24 May 2022 by feeta_admin
Gujar Khan is a small town in Pakistan that can be explored in a single day. It benefits from natural resources such as oil and gas, and its population of about 75,000 people is rapidly expanding. In this city, there are not many activities to do or places to visit. In addition, because it is
  • Published in Bagnoter, Bedi Mahal, Business, Housing and Living in Gujar Khan City, Masjid Rajgan, new metro city gujar khan, Property News, Real Estate, Real Estate News, Sangni Fort
Upcoming Top Housing Societies in Gujar Khan

Upcoming Top Housing Societies and Mall in Gujar Khan, Rawalpindi

Gujar Khan is a district of Rawalpindi, the twin city of Pakistan, and is connected to Islamabad in the north. The neighborhood has experienced unprecedented economic turmoil in recent years, as well as growing urbanization and infrastructure development. The city’s real estate market has also developed, and many construction companies now offer many housing schemes to encourage development.

This article is designed to shed light on some existing and upcoming projects and residencies in Gujar Khan.

Prominent Residential Societies in Gujar Khan, Rawalpindi

Gujar Khan had a significant Hindu and Sikh population, while many of these people converted to Islam during British control or fled to India after the partition. However, there are still Hindu temples and Sikh Gurdwaras in the vicinity that have not been preserved over the years.

With this brilliant history of Gujar Khan, here are some major housing projects in the district.

1. Model city

This housing company provides a refined and enhanced livelihood, as two of Pakistan’s most popular and well-known properties, Elegant Towns and City Homes PVT, represent a unique residential idea in Model Town, Gujar Khan. Everyone’s desire has always been to build a home in a gated community and enjoy all the benefits of safe living in a beautiful neighborhood with all the amenities of everyday life.

Outstanding features

Model Town Housing Scheme is a TMA-registered project with an approved NOC, indicating that the project is a risk-free investment with good returns. Model Town Gujar Khan offers residential plots of 5 Marla, 7 Marla, 10 Marla, and 1 Kanal, as well as all the modern amenities and developments.

In a shrunken front door community, the project is one of the most favorable, inexpensive, and inventively sketched housing projects that would provide heavenly life and amenities to its residents.

Residents of the Model Town Housing Society will enjoy a high standard of living with artfully built mosques, abundant green parks, commercial areas on each block, wide roads and sidewalks, a community center, and access to all functions and services.

2. New Metro City Gujar Khan / Rawalpindi

BSM Developers brings a model and lavish project to Gujar Khan — New Metro City. Following Gwader Golf City’s overwhelming popular acceptance, BSM Developers will launch a new housing society to meet public demand. The purpose of this housing society is to give people the opportunity to live a royal lifestyle; Bahria Town and Gawadar Golf City are two examples of similar living standards; and, most importantly, to compete with housing societies that raise money from people under the guise of development but deliver nothing.

Outstanding features

New Metro City Gujar Khan will have a carpeted main boulevard that will be 250 feet wide. Since it is the main road leading to the housing society, there should be enough space on the main boulevard.

Many housing estates have a wide main boulevard, but the streets themselves are too narrow as you dive deeper into the complex. New Metro City Gujar Khan, on the other hand, has 40-foot-wide streets, allowing you to park your car right in front of your house without taking up too much road space.

Because Pakistanis are predominantly Muslim, they require mosques close to their homes to be spiritual. Residents of New Metro City Gujar Khan will soon have access to a spectacular Jamia Masjid built by the owners and developers.

There will be shopping malls in the city where you can buy groceries for yourself, so avoid going to the main city center if there are shops nearby.

Security, in addition to the elements described above, is the most crucial feature. You can live in peace without worrying about robbers or others if the neighborhood is safe.

New Metro City Gujar Khan provides protection around the clock. Main gates will be well secured. Movements of strangers will be captured by CCTV cameras installed in key locations.

A housing association would not be a housing society without basic amenities, so it has 24-hour underground electricity, gas, and water.

About the developers

BSM Developer is a well-known proprietary development company; however, due to its well-known status in the real estate industry. BSM Developers has a megalithic partnership for CPEC-Gwadar, leading to investments with high stability and large production to offer a lift to the financial cycle. This is the family business of Malik Riaz, a business tycoon in the field of real estate and development, according to a popular introduction.

Who hasn’t heard of CPEC, Gwadar or Gwadar Golf City? Gawadar Golf City is a well-known housing company in the city. It was the only civilization that first developed and then delivered to its inhabitants at very low costs. Gwadar Golf City & New Metro City Kharian is a project of BSM Developers that combines architectural grandeur with avant-garde amenities to transform the golden sands into economic progress and development.

3. Prism Town Gujar Khan, Rawalpindi

The Prism Khan Gujar Khan housing company is located near Rawalpindi and Islamabad on the main GT route, making it conveniently accessible from both. The community will present all the amenities that society should have. So if you want to invest in a great environment, this could be the perfect alternative.

Each housing association is distinguished from the others by its location. As a result, most people like to live in an easily accessible place. As a result, Prism Town Gujjar Khan is the biggest solution for them, considering their needs.

Highlights:

  • Located on Main GT Road near Al Mannan Marriage Hall
  • 250ft main boulevard
  • Development began in March
  • 40 ft streets
  • Pre-launch rates
  • Masjid for each block
  • Large parks
  • Underground Electricity
  • Gas
  • Water supply
  • 24/7 security
  • Inbound community
  • Large commercial areas with multinational brands
  • 3 year easy part plan
  • Evolution of the state of the art

Gujar Khan Mall

It is another development project in Gujar Khan. Gujar Khan Shopping Mall (MoGK) is Gujar Khan’s first state-of-the-art shopping mall, as its name suggests. It has a total area of ​​over 150,000 square feet. Although it may not be as big as other well-known malls in the country, such as Emporium or Lucky One, the quality and atmosphere are just as good.

You will forget about the severe traffic and pollution of the city when you reach the Mall. The Mall seems to be a separate city within Gujar Khan. Royal Business Solutions is the company behind the project (RBS). Don’t be fooled by the title “mall” as the mall also has luxury accommodations. Gujar Khan’s main GT Road is home to the Mall.

Residential Apartments have three separate entrances

It is one of the greatest features of the Mall. If you’ve ever visited the Centaurus of Islamabad, you’ve probably noticed that even the locals are trapped in the long parking lines.

Despite having its own door and parking, it is too close to the guest entrance. Residents must therefore wait in traffic while owning multi-crown housing. Fortunately, the MoGK has recognized the problem and is now providing residents with three separate entrances.

Separate Parking for Residents

In addition to the three separate apartments, the Mall offers dedicated parking for the residents.

In conclusion

So, what are you waiting for? Embrace yourself for amazing upcoming projects in Gujar Khan such as New Metro City. Stay tuned to our property portal to know the booking details and other updates about the project.

Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.

Upcoming Top Housing Societies and Mall in Gujar Khan, Rawalpindi

Saturday, 14 May 2022 by feeta_admin
Gujar Khan is a district of Rawalpindi, the twin city of Pakistan, and is connected to Islamabad in the north. The neighborhood has experienced unprecedented economic turmoil in recent years, as well as growing urbanization and infrastructure development. The city’s real estate market has also developed, and many construction companies now offer many housing schemes
  • Published in Mall of Gujar Khan, new metro city gujar khan, New Metro City Gujar Khan/Rawalpindi, new metro city gujarat, new metro city kharian, new metro city kharian latest, new metro city rawalpindi, Prism Town Gujar Khan, Property News, Real Estate, Real Estate News, upcoming societies in gujar khan, upcoming societies in rawalpindi
Most-Expensive-Sectors-in-Islamabad

Most Expensive Sectors in Islamabad

But what exactly makes these sectors so expensive? The answer lies in its commercial and residential values, as well as its location close to the hills and the main markets of the city.

Feeta.pk, Pakistan’s smartest property portal brings a detailed overview of the most expensive sectors in Islamabad. Let’s take a look.

Who Is Living in the Expensive Sectors of Islamabad?

It is an understood fact that these highly expensive sectors in Islamabad are preferred for living and investment by millionaires, given that they can easily afford to live there.

Most of the population living here consists of government officials, businessmen, politicians, and even foreigners. Since the sectors are posh and close to the best commercial areas, these sectors are a popular choice for foreigners.

The 9 Most Expensive Sectors in Islamabad

The property value of houses and plots located in expensive sectors is based on how safe they are, and what areas are in their proximity ie parks, restaurants, markets, etc.

Most houses for sale are valued as per how close they are to the main areas, and how the trend increases over time proportional to their demand. All of these sectors fall under the list of CDA approved housing societies, making them ideal for investment and for living.

These expensive residential sectors of Islamabad are mentioned as follows. The capital city, besides being famous for its beauty, is also famous for the posh living standards that it offers. Because of its planned sectors, cleanliness, and serene atmosphere, most people do not mind spending beyond their budget limit to buy a property in the most expensive sectors of Islamabad.

SectorsExpensive Sub-Sector / RoadSize of Houses Estimated House Prices Upto (Rs.)
E-7Gomal Road5 Marla – 4 Kanal50 – 90 Crore
F-7Parveen Shakir Rd, Parbat Rd, Nazim-ud-din Rd, Bhittai Rd5 Marla – 4 Kanal42 – 80 Crore
F-6Khayaban-e-Iqbal, Hill Rd, School Rd5 Marla – 4 Kanal 27 – 35 Crore
F-8Kohistan Rd, Kaghan Road, Park Rd5 Marla – 4 Kanal20 – 30 Crore
F-10F-10/2, Sumbal Road5 Marla – 2 Channels10 – 25 Crore
G-6Ataturk Avenue5 Marla – 2 Channels15 – 38 Crore
F-11F-11/2, Hilal Road, Hamza Road5 Marla- 2 Channel10 – 25 Crore
I-8Sector I-8/2, Type Sultan Road5 Marla- 2 Channel7- 15 Crore
D-12D-12/1, D-12/45 Marla – 2 Channels5 -18 Crore

Sector E-7

E-7 is not just an expensive sector in Islamabad but also ranks as one of the most expensive areas in Pakistan. This area is home to many diplomats, foreigners and embassy officials, given it is right at the base of the Margalla hills.

The sector has a range of luxury houses that go up to 4 canals and also encloses a commercial market area that has renowned restaurants and salons.

Sector F-7

Sector F-7 Islamabad Expensive Sector

Source: Pinterest

F-7 is one of the most sought after sectors in Islamabad that connects to Faisal Avenue and Margalla Road, as well as a linking road, Nazim-Ud-Din Rd, which leads to Blue Area.

Because of its prime location and easy access to the main sectors close by, F-7 leads as one of the most expensive sectors in the city. With lush green land around and carpeted roads, the sector encloses the top commercial areas with modern amenities and facilities for its residents.

Sector F-6

Sector F-6, Kohsar Market

Source: YouTube

Currently emerging as the second most expensive sector in Islamabad, F-6 is the home of posh cafes, homes, and brands that make up the vibe of the city. Kohsar Market F-6 and Beverly Center are two famous commercial areas in F-6 that are frequently visited by the elite class.

Because the sector comprises multiple embassies, the security of the area is always up to the mark. The close commercial space paved with designer brands and restaurants is a great option for foreign consulates.

Due to its high commercial value, it also ranks high as a residential area, which is why it falls in the expensive range of real estate properties in the capital.

Sector F-8

Sector F-8, Expensive Sector in Pakistan

Source: Facebook

With a high geographical advantage, Sector F-8 is considered one of the most valued sectors as it is surrounded by major landmarks and well-settled neighborhoods.

The property value in this sector is very expensive on account of the infrastructure and the facilities available.

The roads of this sector are well connected with other sectors, joining the rest of the areas inside and outside the city. Sector F-8 comprises many head offices of big companies as well as buildings.

Besides this, the main Islamabad Kechehri is also located in this sector, which is why the real estate value of this sector is very high.

Sector F-10

View of Sector f-10, one of the expensive sectors of Islamabad

Source: Graana.com

F-10 shares a border with Fatima Jinnah Park (F-9) and lies adjacent to Margalla Road. The sector has a big commercial area that caters to top brands from across the country, as well as multiple restaurants.

It is surrounded by an organized road network that keeps it connected with the surrounding areas and sectors. Because of its border with an active commercial area, F-10 is one of the most expensive areas of Islamabad with all luxury amenities and facilities nearby.

Sector G-6

G-6 Expensive Sector in Islamabad

G-6 is one of Islamabad’s most prominent and expensive sectors. Its high value is relative to its location situated across Jinnah Avenue and Kashmir Highway, making it almost central to the commercial areas and other main sectors of the city.

Sector G-6 links to Blue Area and is a lush green area with clean carpeted roads. The area has famous markets and landmarks nearby such as Aabpaara and Shakarparian National Park.

Because of its easy accessibility for the residents in G-6, the price trends have gone very high, especially in the areas that are close to Blue Area.

Sector F-11

F-11, One of the most expensive sectors in Islamabad

Source: Graana.com

F-11 is one of the most expensive areas in Islamabad. It caters to the posh living standards of bureaucrats and businessmen. F-11 is a developed sector with elite commercial markets and facilities that add to the ease of people living in the area.

F-11 shares a link road with F-10 and E-11, and also lies adjacent to Margalla Road. Besides expensive houses in the sector, there are also many apartments and housing schemes, such as the Naval Housing Scheme, which are located on Hilal Rd and contribute to the value of this sector.

Sector I-8

Sector I-8, Expensive sectors in Islamabad

Source: Facebook

The I-8 sector has gradually developed into a highly expensive sector in Islamabad, just after the F sector range. The sector has gained the massive interest of investors who are looking for commercial and real estate properties.

This sector is one of the most sought after locations in the capital because of its fast development and convenient access to twin cities.

Besides the commercial market and top restaurants in the sector, I-8 also has several schools, colleges and hospitals nearby.

Sector D-12

Sector D-12

Source: Graana.com

D-12 is a scenic sector that is located right next to Margalla Hills, beside E-11. It is a developing sector and has already attracted the interest of real estate investors, because of which the property value of the sector has increased at a drastic rate.

The layout is similar to other sectors in the city, with developing commercial spaces and necessities available in the area.

Keeping the above pointers in mind, it can be concluded that Islamabad’s sectors have always been subject to high property values ​​due to the planned infrastructure of the city as well as the beauty of nature around them.

With time, these top sectors gained value based on the commercial value, location and security of the area.

If you’re looking for more information regarding real estate investment opportunities, follow our Feeta blog.

Most Expensive Sectors in Islamabad

Tuesday, 05 April 2022 by feeta_admin
But what exactly makes these sectors so expensive? The answer lies in its commercial and residential values, as well as its location close to the hills and the main markets of the city. Feeta.pk, Pakistan’s smartest property portal brings a detailed overview of the most expensive sectors in Islamabad. Let’s take a look. Who Is
  • Published in International, News & Updates, Property News, Real Estate, Real Estate Guide, Real Estate News
FAQ-on-Rental-properties-in-Pakistan-Passive-income-in-real-estate

FAQ on Rental properties in Pakistan / Passive income in real estate

Frequently Asked Questions – Pakistani Rental Properties / Passive Income

Earning a passive income from rented property in Pakistan is by far the safest and surest way to get rich. This FAQ will answer some of the basic questions you may have in mind.

Q-1 Rental properties are depreciating and therefore do not offer high yields?

Answer- The problem of depreciation only exists in houses, especially since they offer only 3 to 4% rental yield per year. Advertisements and shops can be like new after small renovations and some apartments offer up to 10% rent to offset any depreciation effect. As a general rule, rental real estate should give you an average of 15% earnings per year. In some value classes, rent can be more than capital gains and vice versa, but it’s good as much as you get 15% of the total earnings. In addition, the benefits you receive from your rental income will be value added over this 15% or will make up for any shortcomings.

At the end of the day, you have to be careful to find a rental property that gives you a nice return. That’s why you need an expert who can analyze and predict capital gains and expected rents for at least the next 5 to 6 years.

Q-2 Do rental properties need time to build and therefore cannot offer returns as shown?

Answer- When you buy a rental property in Pakistan, you need to look at both aspects of income which are capital gains and rental income. Normally, already built property will offer 6% rent per year. However, if you plan to build one or buy one that is still under development, what you lose in rentals during the time it is being built, you get capital gains. Those that need time to build, such as tall ones, are usually much cheaper while they are being built.

On average, a good high-growth project will add at least 60 to 80% in capital gains over the construction period, which lasts 3 to 4 years. This capital gain is usually more than 20% thus compensating for the lack of rental income during this period.

 

Q-3 In rental properties, can problems arise such as lower rents, which can decrease your ROI?

Answer- Like all investments, even rental property can change under certain circumstances. However, this change can be negative or it can also be positive. For research and analysis target conditions must be ideal for both rental property investment and speculative business investment. Because the chances that speculative traders are wrong are much higher than the tenant investor losing a few months of the lease. Therefore, maintaining the ideal situation for both types of investors is important and is in fact more favorable to the speculative trader.

Q-4 Do houses or commercials give more capital gains than apartments?

Answer- Houses, commercials and apartments are three different asset classes and will not follow similar cycles. Gain in houses over time is due to gain in plots, which calms down after the area matures, similarly apartments will also slow down after the building matures. Later, many other factors will come into play to decide whether that property will grow further or not. Similarly, commercials have their own cycle to follow with their own risks because a very large number of commercials do not show much appreciation.

As long as you understand the different dynamics and act accordingly, all of this will yield very good capital gains. Therefore, capital gains will depend on many other factors than just the active class.

Q-5 Which is the best rental property among houses, apartments, commercials and shops?

Answer- Houses are not suitable for rentals, however, as for the other three, each property must be judged separately to identify who will give you optimal rental returns. It will be wrong to give any preference depending on the active class as such.

Ultimately, it all depends on your choice of individual property rather than its value class. A good housing project can outperform an average business in capital gains and conversely a good commercial property can beat an average housing project easily.

Luxury serviced apartments in Gulberg Lahore for Air BnB rentals are a safer and safer bet than other types of real estate for rental purposes.

Q-5 ROI on rental income is slow, while plots can double their price in a very short period of time?

Answer- You must have heard the old saying. ” slow and steady wins the race“. Rental properties are that turtle that seems slow but never stops, thus giving you a more stable consistent income over the period.

The unpredictability in speculative trading is its biggest enemy. Although speculative trading gives an illusion of higher returns, the high failure rate balances it out. In addition, speculative trading is not suitable if you are an emigrant or a busy person who will not have time to look at the real estate markets constantly.

Our study has shown that both rental returns and successful speculative trading can make almost equal amounts of money in the long run. So renting property leads to being the safest and safest way to achieve your financial freedom goals.

Q-6 Rental properties usually only give 3 to 4% rental income per year?

Answer- That’s not true, only houses give 3% and we already consider them as lame wolf property. Apart from this, some commercial real estate does offer only 4% rental production, but this is usually because they are not yet fully mature and offer much more in terms of capital gains. So investors are happy with them considering that the combined gains are usually 15% or more.

Q-7 (Part 1) Suppose I invest 13 million in a 562 Sq.Ft apartment. After 13 years will I get my capital back on 10% rent?

For example:

Hotel Apartment Sq.Ft: 562
Tariff (kv.Ft): 23000
Total Price: 12,926,000
10% Annual Income: 1,292,600
Annual Service Fees (Kv.Ft): 30 Rs * 562 = 202,320
Own tax: 50,000
Rent Tax: 60,000
Annual in Manluo: 980,280

Answer- The calculations we provide do not cover any taxes or liabilities, no matter if you are investing in speculative real estate or rental property in Pakistan. The impact of these taxes will be felt on both sides and will certainly affect ROI but is the bare minimum. For example, the service costs are not as high as 30 PKR and in some cases, they should not be paid by you but by the developer or tenant. In addition, after one or two years, a 10 to 20% increase in rentals will cover any debts without putting a big dent in your rentals.

Second, if the purpose of the question is to compare plots or files with wolf holdings, then similar duties apply to commercial plots as below:

a. Instead of annual service costs you pay a non-construction penalty on parcels and even sometimes development costs.

b. Property tax will be paid even if you also own land, so it is not only applicable to the wolf property.

c. You will pay capital gains instead of income tax because during trading you will sell plots mostly in less than 4 years.

Q-8 (Part 2) If rent in between it can get my capital back in 11 to 12 years?

Answer- The mistake most investors make when it comes to this calculation is that they do not calculate the profit on rental income. In reality, it will take a maximum of 5 to 6 years for the repayment of capital investment, if you reinvest your rental income at 10% per annum. This could be even faster if you invest with Feeta.pk 1 crore challenge where we can get you up to 20% annual returns.

Take a look at the calculations below, based on a conservative analysis of the apartment in question. During the construction process, we expect 80% growth, then 12% for three years, and 10% later for capital gains. Similarly, the reinvestment of capital is only calculated at a conservative 10% per annum instead of 20%. You can clearly see that it will only take 6 years for the return of your capital after ownership.

Even if we calculate capital gains at 5% after the 3rd year, the value of your asset will still be close to Rs 4 crore. However, it can be said that the rent capital should grow by 15 to 20% rather than 10%, so realistic performance can vary and the calculations below are just to understand the concept of rental investment and the compounding effect.

Q-9 (Part 3) During this period If I want to sell my apartment to invest in some other area. I will be stuck in the apartment.

Liquidating Assets (housing) will be more difficult. You may be blocked for a longer period than plot Winding. Because Average Liquid Asset (plot/house) lasts 6-12 months on normal days.

Service Apartments are good for rental purposes. But for monetisation, we may be stuck for a longer period of time. Because people prefer to book new apartments for a fee not 5-10-year-old apartments at full payment?

Answer- Selling a rented built property will take a little longer than a plot or file. However, rental property continues to give you cash every year, unlike a plot or file, which is in fact a liability because you will pay the non-construction penalty and other company charges as well as development costs in case of any plots and files.

So it all depends on how you define liquidity? a property that will sell out quickly or a property that will repay you 10% in cash each year and repay 100% capital in 5 to 6 years.

Ultimately, like any other property, how quickly your apartment will sell depends on the quality of the project rather than the value class. Not all projects will be the same and sales will vary depending on your choice today. Monotation is also much better in relation to wolf ownership because you will have full capital in 6 years which can be invested again in other places.

For more information on the real estate sector of the country, keep reading Feeta Blog.

FAQ on Rental properties in Pakistan / Passive income in real estate

Tuesday, 05 April 2022 by feeta_admin
Frequently Asked Questions – Pakistani Rental Properties / Passive Income Earning a passive income from rented property in Pakistan is by far the safest and surest way to get rich. This FAQ will answer some of the basic questions you may have in mind. Q-1 Rental properties are depreciating and therefore do not offer high
  • Published in Learn the game, Real Estate, Real Estate News
How-to-Choose-a-Real-Estate-Agent

How to Choose a Real Estate Agent

Buying or selling a house is one of the biggest financial decisions you will ever make in your life – which is why hiring a real estate agent would be the most appropriate approach to handle the stress. While it may be tempting to avoid hiring one and sell/buy a home yourself, the costs still outweigh the benefits. For instance, you may not be able to devote as much time to potential buyers; you wouldn’t know how to market your property effectively, or you may not be aware of the nuances of the local market.

This is why you need someone who knows the ins and outs of the market. The right agent can ensure that your property is sold at the best price or that you get the best value in the market for a new place. However, with so many options available now, it can be difficult to decide which one to choose from. It can especially be tricky to filter out people who are looking out for your best interests from those who are just looking for ways to make quick money at your expense. Graana has compiled a few factors that you should consider during the decision-making process.

Experience Matters

It takes time and effort to build a track record with quality inventory, so hiring someone who has handled several housing transactions would be your safest bet. A real estate agent should be able to make competitive offers or negotiate with sellers on your behalf – and that can only come from relevant experience. Skilled agents would also be up to date on the latest trends and patterns in the industry.

Internet sources now have a lot of information at our disposal to make informed decisions and avoid costly mistakes. Conduct thorough research on your prospect agent’s digital presence, for example, their listing materials website etc.

However, a long work history doesn’t necessarily mean that all the information provided would be authentic. To counter that risk, do a preliminary interview with them to get an idea about their strategy. For instance, ask them what they have sold in the last month; how much time they take to finalize a deal; what type of properties do they have the most experience dealing with, etc. You can interview multiple prospects before hiring the best prospect. The one who is most prepared for their presentation would be more likely to put in more effort in working for you.

Also research according to your individual needs. Just because one seems good at their job, it doesn’t mean they would be the right fit for you. For example, the priorities of first-time homebuyers may be different from those of repeat buyers, and they would want a real estate agent who has worked with similar clients.

According to Corey from Buy Yo Dirt, real estate is not an easy business, and the land is loaded with land mines that can wipe out your profits. That’s why it’s crucial to perform extensive research before diving in, so you’re aware of all the benefits and drawbacks of real estate investing. When looking for a property that is profitable, there are some crucial factors to consider.

References and Referrals

There is no bigger credible factor than a referral from a previous, satisfied client. You can also ask your friends, family or other people in your network for an unbiased opinion. If you don’t have direct contact with any, ask the real agent to provide you with references before signing a contract with them.

You can contact other agents as well to see what rapport they have in the market. Online reviews are helpful too – they also give you a chance to check how the agent responds to negative feedback.

Support Staff

Usually, real estate agents are handling multiple clients at a time. Look for someone who has the ability to cater to you regardless of how many people they are dealing with. Also, ask upfront at the beginning about the availability of support staff so there is someone always at hand to answer all your queries.

The Right Fit

Decide which qualities are most important to you and look for that in your real estate agent. For example, do you want someone who is available to talk on the weekends?

Be straightforward and clear about your requirements from the start. Technically, they should be asking you questions and taking your opinion every step of the way. Most real estate agencies already own the technology to filter and find suitable living options for you. However, if you are still not coming across a property that you want to explore or is within your price range, it means they are just looking to benefit themselves.

If you feel like you both are on different pages, you always have the option to find someone else; don’t feel obligated to compromise, especially if the agent is exerting any pressure on you.

Local Area Expert

If you are concerned about only a specific area (either for selling or buying), you can narrow your search to find an expert in that neighborhood. If you have friends or family in the mentioned area, you can ask them to recommend an agent too.

This would give you the advantage of being able to rely on someone who has a stronger understanding of property rates. According to Ryan from Sound home Buyer, a local area expert is crucial in the overall real estate process.

Realistic Expectations

Buying or selling real estate is a long, complicated process with multiple factors involved, and you need someone who is honest with you about that rather than paint an optimistic picture. The associated risks of your decision should be openly communicated to you, backed with facts and figures in terms of investment analysis, long-term impact etc.

The Fine Print

Take a closer look at the proposed contract before signing on the dotted line. It should state the terms you both have verbally agreed upon, including the commission the real estate agent would receive. Also, pay attention to the length of the contract – real estate is a seller’s market today so selling a property, for example, should only take 6 months or less. If the contract exceeds this time period, it would be best to hire another agent.

According to Bret Arrington From AIP House Buyers, if you want to sell your property fast, you should hire highly professional real estate agents.

In the hyper-competitive real estate market, it is best advised to hire a real estate agent to help you navigate through the long process of paperwork, negotiations and large sums of transactions.

 


How to Choose a Real Estate Agent

Wednesday, 23 March 2022 by feeta_admin
Buying or selling a house is one of the biggest financial decisions you will ever make in your life – which is why hiring a real estate agent would be the most appropriate approach to handle the stress. While it may be tempting to avoid hiring one and sell/buy a home yourself, the costs still
  • Published in International, Real Estate, Real Estate Guide
All-About-Property-Mutation-in-Pakistan

All About Property Mutation in Pakistan

Once you have completed all the formalities of a real estate transaction, the next and final step is to register the said property under your name to make it official in government records. This is known as the mutation of a property. It refers to the entire process in which the title of ownership of a property is transferred to another person. Simply put, it is the title deed (also called a conveyance deed) needed to have the property under your name.

Feeta.pk has compiled all the basic details that you need to know regarding the property mutation process.

When do you need a mutation certificate?

  • When you buy a property
  • When you inherit a property
  • When you receive a property as a gift
  • When you purchase a property through a power of attorney

How do you apply for a mutation certificate?

Since obtaining the mutation certificate is not a legal obligation, many new property owners postpone the process. However, the mutation process should ideally be started as soon as possible once the property has changed hands – at least within 3-6 months of the land purchase. Without it, the buyer may risk facing issues in obtaining complete legal ownership of the property in question.

The process just comprises of a few, simple steps:

  • Visit the land administrator’s office in the concerned area (where the property is located) and submit the required documents. These may also vary according to circumstances. For example, if this is a mutation of the property after the owner’s death, applicants would have to submit a death certificate, succession certificate etc. You can cross-check on the government website or call on the helpline for further information, but you would still have to visit the municipal body to hand in the papers.
  • Both the seller and buyer have to appear with two witnesses and the sub-registrar will hear their verbal agreement for trading the property.
  • This will be recorded in the Inteqal (Mutation) Register, and you will be handed a receipt.
  • Afterward, you would have to submit a nominal process fee in the National Bank of Pakistan (this will be just a one-time charge).
  • There will be a physical verification of the site by the relevant authorities.
  • The municipal body may take up to a month to update the record, after which they would issue the mutation certificate.

Why is it important to get a mutation certificate?

Even though it is not a legally binding document, the mutation certificate is still necessary for several reasons:

  • It serves as additional proof of ownership.
  • You will be able to record the property under your name in the municipal local body.
  • It can also be required when applying for utilities, such as electricity and water services.
  • It may also serve as a tax record.
  • You would need it if you want to sell or transfer your property to someone else in the future. If you are unable to produce a mutation certificate before potential buyers for verifying the chain of ownership, you may risk the sale of your asset.
  • In case of land dispute, corruption or hostile takeovers, the mutation certificate can help challenge false claims in court.
  • All immovable assets (individual homes, apartments, land, etc.) are subject to property tax payment, and mutation is just a way to ensure that. The certificate is required by the government to fix the property tax liability and other levies on the rightful owner.
  • It can also help you correct any errors in the records in case there is an unauthorized transaction.

What is the difference between registration and mutation?

There is some ambiguity over the difference between property registration and mutation since the purpose of both seems similar. Property registration refers to the process in which you claim legal rights on a property by registering the sale under your name. The process of mutation, on the other hand, is the buyer’s responsibility and can only be initiated once the property registration has been executed.

Property RegistrationProperty Mutation
Also called a baye-namaAlso called inteqal
Mandatory process after transfer of propertyNot a legally required process after transfer of property
Legalizes the actual sale of a propertyTransfers ownership of the property
A sale deedDoes not require a sale to take place; it applies to inherited and gifted properties too

 

While the key differences between the two are just a few, it is still important to know the significance of each to avoid any potential problems or confusion in the future if you choose to resell the property. This is why it is advised to acquire both in the beginning.

If you are looking for more information on the real estate processes in Pakistan, you can visit this link.


All About Property Mutation in Pakistan

Tuesday, 22 March 2022 by feeta_admin
Once you have completed all the formalities of a real estate transaction, the next and final step is to register the said property under your name to make it official in government records. This is known as the mutation of a property. It refers to the entire process in which the title of ownership of
  • Published in International, Real Estate, Real Estate Guide
The-Only-Guide-Youll-Ever-Need-for-Selling-and-Transferring-Property-in-Pakistan

The Only Guide You’ll Ever Need for Selling and Transferring Property in Pakistan

Selling and buying property in Pakistan is a regular occurrence in the country, where hundreds and thousands of people sell and transfer property. For those familiar with the process, the transferring procedure might just be a piece of cake. But for people who are new and confused about where to start, you’ve come to the right place.

Before we jump into the tricky aspect of this process, let’s clear the air about what exactly transferring property means and why it is an essential aspect of buying and selling property in Pakistan.

What do we mean by transferring property?

As per the law, any individual who owns a property should have the land or property verified under their name. The land should be under the designated ownership; only then can they sell the property to themselves. This is the basic requirement of selling a property.

In Pakistan, the transfer of any property generally consists of the owner transferring the title of the land from one person to the other. Transferring property can occur in multiple ways for various reasons, such as a mortgage, gift deed, inheritance, lease, exchange, etc. All such explanations are why transferring is an essential legal procedure.

Who is eligible to transfer property?

All individuals who can sign a contract are authorized to transfer property ownership in Pakistan. According to the Contract Act 1872, a contract is claimed as a binding agreement between two parties, meaning that it is a legally binding document for any sale and purchase of land in the country.

There are a few exceptions for people who are not eligible to transfer a property:

  • Minor: Anyone under the age of 18 is a minor and therefore cannot carry out the process.
  • Unstable Individuals: Someone who cannot understand the consequences of their actions, for instance, that of a mentally ill person. Other reasons can be permanent or temporary physical disability such as a Coma etc.
  • Legally Barred Individuals: Someone barred from signing contracts cannot transfer property in Pakistan.

What are the steps involved in transferring and Selling a property in Pakistan?

The transferring process, although time-taking, is a simple and easy process with not many legal proceedings. We’ll break down the process into different steps to help you better understand.

Token (Bayaana)

This is the very first step of selling after you’ve successfully secured a client. This involves the buyer giving approximately 1 / 4th of the total price. If not the exact percentage, there is an agreed amount between the buyer and the seller to indicate an agreement from both sides of the party.

The Token (Bayaana) is given by the buyer with a series of negotiations and based on a contract, in which all details are specified. After this, the seller holds negotiations with any other potential buyers.

Usually, a specified period is set and written in the contract for the full amount to be paid. If the sale falls through, the token is returned. But if the full amount is not paid in the specified time, the seller has no obligation to return the token, even if the sale doesn’t go through.

What is a Property Sale Agreement and how can we get it?

A sale agreement contract is a set of required documents that include all information related to the seller and buyer involved in the transfer process. In Pakistan, these are the required documents that are attached with the Bayaana form:

  • Complete details of the property with the property owner’s verified name
  • Terms of sale for the property
  • The total amount of money which the property is being sold for
  • Final date for the buyer to pay the remaining sum of money

What is the complete list of documents required?

To carry out the transfer process smoothly, you need to collect the following documents organized. You’ll need:

  • Recent Passport Photos of both parties involved (Buyer and Seller)
  • Photocopies of National Identity Cards of both parties
  • Original Purchase Deed of the Seller (From the time they purchased the property)
  • The original ‘Sale deed’ which is the agreement contract between both parties

This list of documents can also include some more documents depending on the province, region, area, etc. (A lot of documents, we know, but verified property takes tough measures!)

  • A ‘Record of Rights’ also known as Fard-e-Malkiat, is a form that can be obtained by the seller from the property registration office. This guarantees that the property is under the name of the seller.
  • You’ll need a Non-Demand Certificate (NDC), a document that shows you don’t have any fine due on the property. Depending on the location, you can get this from the local development authority’s office.
  • For properties in private housing schemes, there is the need to request a letter from a particular society to carry out the property transfer. This can be used in place of the Fard-e-Malkiat document.

Possession of Stamp Paper and Tax Payment

Real estate transfer contract

Source: Pinterest

This is one of the essential and final steps of the transfer process. You’ll need a stamp paper to draft the deed for the sales; that will be the contract for the sale. You can choose. Buyers; will be required to pay stamp duty and taxes during this step.

Let’s take a look at this easy breakdown of the tax duty involved:

  • Stamp Duty 3%
  • Capital Value Tax 2%
  • District Council Fee 1%
  • Fixed Registration Fee PKR500 (Can differ as per govt. Order)

Drafting the Sales Deed

In Pakistan, the sales deed is usually recommended to be drafted by a property lawyer or a property agent aware of the bylaws and the rules involved in the process. This is a particularly safe option to avoid any complications that might arise in case you are doing it yourself.

Although, people who are selling and buying property as a business have become familiar with constructing the ideal draft for this deed, which can be done easily with the help of the internet. However, the common practice and recommendation are to take the help of a lawyer to avoid any future complications that may occur.

What do we do after drafting the Sale Deed?

Successful transfer f property

Source: Freepik

Finally, after a long process, you’ve reached the last step. You can take the sales deed (inscribed stamp paper) along with the required documents to the registrar’s office. From here, the sub-registrar will call both parties simultaneously and hear their verbal agreement for the trading of property.

You’ll need to sign the documents and put in your fingerprint to verify the final sale and complete the transfer process. Once this is done, the official will register the sale deed successfully, then the transfer process is complete, and the property is now successfully transferred to the buyer.

How much is the Commission for the Property Dealer Involved?

If you’re wondering what the person who helped you secure a client and help you proceed with the sale and transfer of the property is, there is a commission that the dealer/agent gets from the client. Although there are no specific laws to govern and record the work of real estate agents and dealers in Pakistan, the general practice remains a constantly changing variable and experiences changes from time to time.

Usually, the commission of property agents comes to around 1% of the total value of a property. This 1% of the value is each from the buyer and seller as the commission to the dealer. If the buyer and seller both have different agents, then both agents get to keep a 1% commission each from their own clients. Sometimes, property agents will ask for as high as 2% of the property value, or even lower than 1%. The amount varied according to the success, reputation of a property dealer, or property value.

Suppose you’re looking to learn more about the legal aspects and procedures involved in property buying and selling. In that case, you can stay connected with our blogs at Feeta.pk, where you can easily find comprehensive information to guide you through the real estate market.


The Only Guide You’ll Ever Need for Selling and Transferring Property in Pakistan

Monday, 21 March 2022 by feeta_admin
Selling and buying property in Pakistan is a regular occurrence in the country, where hundreds and thousands of people sell and transfer property. For those familiar with the process, the transferring procedure might just be a piece of cake. But for people who are new and confused about where to start, you’ve come to the
  • Published in Housing Schemes, Infrastructure, International, Property Laws, Real Estate, Real Estate Guide
Things-you-need-to-know-about-house-flipping

Things you need to know about House Flipping

House flipping is one of the most common ways to earn money through real estate in Pakistan. If you have ever seen people who buy properties that are almost in ruins and, after a series of renovations, turn them into spectacular homes that later make good profits when they sell them, and you wonder how they do it, you are at the right place.

This blog brings you things you need to know about house flipping. To learn more about house flipping in Pakistan, keep on reading.

What is house flipping?

Flipping is a quick profit strategy in which an investor purchases real estate at a discounted price and then improves the property to unload it at a better price. Instead of buying a property to live in, the person buys a house as a real estate investment.

It is worth mentioning that the primary purpose of flipping is to buy low and sell high. In short, flipping, also known as grand real estate investing is a type of real estate investment strategy in which an investor buys a property not to use it but to sell it for profit.

How do investors make money through property flipping?

This gain generally stems from a price appreciation arising from a hot real estate market in which prices are rising rapidly or from capital improvements made to the property, or both. For example, an investor could purchase a property in a “warm” neighborhood, do significant renovations, and then offer it a price that reflects its new look and amenities.

Currently, in the absence of inventory, tearing down and rebuilding houses can be an extremely lucrative strategic investment form in the face of a poor housing market. Older homes are usually at low prices and favorable mortgage rates allow borrowers to purchase the property with ease.

Things you need to know about house flipping:

Following are some of the things that you need to consider before flipping property in Pakistan.

Consider your finances and associated costs:

Real estate requires capital. The first cost is the cost of acquiring a property. While interest on borrowed money is tax-deductible even after the Tax, it is not a 100% deduction. Every rupee spent on welfare is added to what you have to earn from the sale to cover costs.

Do extensive research on your financing options to find out which type of mortgage is best for you, and find a lender that offers low-interest rates. An easy way to research financing costs is to use a mortgage calculator, which allows you to compare the interest rates offered by different lenders.

Of course, paying cash for the property eliminates the interest cost, but even then, there are property holding costs and opportunity costs to immobilize your money. Renewal costs must also be taken into account. If you intend to repair the home and sell it for a profit, the sale price must exceed the combined cost of the acquisition, the cost of maintaining the property, and the cost of the renovations.

Even if you manage to overcome the financial hurdles of scaling a home don’t forget about capital gains taxes, which will reduce your earnings.

Time constraints:

It is time-consuming to renovate houses. It will take months to find and buy the right property. Once you own your home, you will need to spend time getting it fixed. If you have a day job, the time spent on demolition and construction can be a wasted afternoon and weekend. If you pay someone else to do the work, you will spend even more time than you would expect to monitor the activity, and the costs of paying others for profit will decrease.

Once the work is complete, you will need to schedule inspections to ensure the property meets applicable building codes before you can sell it. Otherwise, you will have to spend more time and money to give it up somewhat.

By showing it yourself to potential buyers, you can spend a lot of time traveling to and from the property and in meetings. If you use a real estate agent you will be owed a commission.

It may make more sense for many people to stick to a day job, where they can earn the same kind of money in a few weeks or months regularly, easily roll without risk, and with a consistent time commitment.

Skillset:

Professional builders and skilled professionals, such as carpenters and plumbers, often trade houses for income alongside their regular jobs. They have the knowledge, skills, and experience to find and organize a home. Some also have union jobs that provide unemployment checks throughout the winter while working on their side projects.

The real money in a house exchange comes from equity. If you’re handy with a hammer, enjoy laying rugs, and can hang drywall, roof a house, and install a kitchen sink, you have the skills to flip a house.

On the other hand, if you are unfamiliar with the instruments, you will have to pay a professional for restorations and repairs. And that will reduce the chances of you getting a substantial return on your investment.

Lack of information:

To be successful, you know how to choose the right property, in the right location, and at the right price. Even if you have a lifelong argument (putting a house together at, say, the closing of a song), it’s crucial to know which restaurants need to be done and which ones to skip.

You also need to understand the applicable tax and zoning laws and know when to cut your losses becomes, learn to find out before your project turns into a cash hole.

Not patient enough

Professionals take their time and stay on the right property. Newbies rush to buy the first house they see. They then hire the first contractor to make an offer to tackle the work they cannot do themselves. Professionals do the work themselves or rely on a network of predefined, trusted contractors.

Newcomers hire a real estate agent to help them sell the house. Professionals rely on the efforts of the “owner for sale” to minimize costs and maximize profits. Newcomers hope to go through the process, put on a coat of paint, and earn a fortune. Professionals understand that it takes some time to buy and sell homes and that profit margins are sometimes tight.

Inspect your new home:

Check the box or electrical circuit board, making sure that the labels next to each switch, such as kitchen, bathroom, living room, etc., are located correctly. Do this by removing or unplugging each switch (one by one) to find out which room in the house they belong to. You can also hire an electrician to check the state of the electrical box (panel or panel) and if it needs to be repaired or replaced with a new one.

Check your fire alarms and carbon monoxide detectors to see if they are working well, need batteries, or be replaced.

Contact utility companies:

When you get to your new home, you will want essential services, such as electricity, gas, water and sewerage, cable, Internet, and telephone. So contact those companies in advance to set the date of transfer of those services to your new address.

Update essential documents:

One month before moving in, update your driver’s license, vehicle registration, and voter registration card.

These are some of the things you know about house flipping. Flipping houses for a living is getting popular by leaps and bounds because house flipping profit is excellent.

Give these pointers a read and incorporate them into your next purchase. This blog is especially beneficial for people who want to know about property flipping and flip houses for beginners.

To know more about real estate trends, visit the Feeta blog.


 

Things you need to know about House Flipping

Monday, 21 March 2022 by feeta_admin
House flipping is one of the most common ways to earn money through real estate in Pakistan. If you have ever seen people who buy properties that are almost in ruins and, after a series of renovations, turn them into spectacular homes that later make good profits when they sell them, and you wonder how
  • Published in flip houses for beginners, flipping property in Pakistan, house flipping, International, property flipping, Real Estate, Real Estate Guide
Real-estate-strategies-for-beginners

Real Estate Strategies for beginners

Suppose you want to join the real estate investment community to grow your assets and plan your future to live on income. In that case, you must first evaluate the different alternatives to participate in the sector. Some require a more significant investment of time or money than others and experience or knowledge about the industry. In this blog, we bring you a list of real estate strategies for beginners that they can use to excel in the real estate industry of Pakistan.

To know more about these strategies, keep reading.

Vacant spaces:

Vacant spaces, including land, are among the few assets in the world whose price appreciates over time. This type of investment gives value to areas of your property that are not occupied or of little use, such as guest rooms, parking lots, basements and ceilings. It works for both seasonal and long-term leases. It is ideal for beginning investors unfamiliar with market values ​​or the practice of leasing entire properties.

In short, one of the best strategies to increase your real estate portfolio is by investing in vacant land.

Leases:

It is the most common earning mode. In this case, you buy a property to lease it, either in the short term (temporary or vacation) or long term (more than six months). You can focus on having multiple tenants for a property in different periods (winter or summer, vacations, holidays, AirBnB style) or opt for the traditional lease to a single person for a specified time.

Buying and selling:

In this strategy, your focus is on acquiring and reselling residential properties in areas of most significant demand, close to high-traffic public spaces (supermarkets, metro stations, bus stops). It requires you to study well the prospects before investing and the regulatory plans of the target zones.

Manage properties:

Under this strategy, you buy and lease properties and offer administration services, from paying everyday expenses to technical maintenance checks, such as plumbing and electricity.

Renewals:

In this strategy, you buy houses at a low price and need repairs; you completely renovate them and then sell them at a higher price. The challenge here is to manage knowledge and values ​​of masonry, design and architecture work.

Real estate funds:

The investor invests in real estate indirectly through a private fund dedicated to buying or developing properties for sale or rent. The profits of the projects are distributed among the contributors of the fund as dividends. The industry initially began focusing on corporate buildings and offices, but later expanded into the housing sector.

Invest in auctions:

In this case, the investor acquires the real estate in an auction process with the sole purpose of reselling it later at a higher price. This type of investment is attractive because the property went through the bank first. Therefore the property’s papers and debts are up to date.

Keep in mind that all these investment alternatives have natural limitations, such as the location of the property, its accessibility, and current demand, as well as artificial ones, such as co-ownership agreements for office buildings and apartments and condominiums debts associated with real estate.

Be informed:

Although it is not necessary to have studies or a degree to dedicate yourself to investing in the real estate sector, it is essential that, when you are in the business, you know basic concepts of the industry, such as the price/cost differential, capital gains, generation value, the profile of the investor and the type of property. The fact that you do not master the vocabulary of the world in which your company operates can lead, at least, that people distrust you.

In this sense, a fundamental behavior to be more and more informed about the business is to listen carefully to people associated with the company. In this way, you will not only be able to access privileged information about your clients, but you will also gain more and more confidence in your expertise.

This same practice will affect your pricing method. Whether you are based on margins, target prices, demand, competition or the highest possible value, it will always be essential to be informed to define the amounts of your business most appropriately.

Have a plan:

Discipline always translates into success, and this habit has much more to do with being active and constant at work than being rigid and unable to react to changes. This is why, when we talk about having a plan and abiding by it, what you must understand is that before entering the real estate market you should take some time to design your business plan.

This plan will help you establish critical aspects, such as the vision and goals of your company. Still, it will also encourage you to protect your business with a series of rules that ensure the decisions you will make throughout your career as an entrepreneur in the field.

You will be able to establish specific things such as your target market, selection criteria and even the selection criteria of your properties. Put yourself before problems through a contingency plan that consider your investment’s risk analysis and the financial viability of a purchase or a sale.

Find allies:

The real estate business tends to be independent and lonely because it allows practitioners individual freedom and flexibility compared to other jobs. For the same reason, it is advisable to go to good allies to maintain a good network of contacts and grow in a highly competitive and agile market.

With allies, we mean reading books that teach methods to achieve financial “good health” or encourage the practice of habits to be effective in business, even attending courses and seminars designed especially for people who want to learn everything necessary to function. Successful in the world of real estate investment.

It is also advisable to interact with real estate agents and financial advisers to listen to their experiences and opinions, but above all to finish inserting themselves more and more into the beautiful and complex world of real estate.

Finally, a good idea to become a great real estate investor is to interact with ordinary people who are examples of success, either due to their personal experiences or economic fluctuations in business in general and within the field.

It is a type of inspiration that you can also find in opinion leaders with a good presence in social networks and participation in books, courses and seminars in the field.

So, these are some of the strategies that beginners should keep in mind while entering the real estate market. Make use of these strategies and excel in the real estate market of Pakistan.


Real Estate Strategies for beginners

Sunday, 20 March 2022 by feeta_admin
Suppose you want to join the real estate investment community to grow your assets and plan your future to live on income. In that case, you must first evaluate the different alternatives to participate in the sector. Some require a more significant investment of time or money than others and experience or knowledge about the
  • Published in International, Real Estate, real estate business, Real Estate Guide, real estate industry, real estate industry of Pakistan, real estate market, real estate strategies for beginners, residential properties, residential properties for sale
Know-the-Difference-between-Buyers-Market-and-Sellers-Market

Know the Difference between Buyer’s Market and Seller’s Market

Would you like to sell or buy a home at the best time of year? Despite the fact that certain seasons may be busier than others, the fluctuations in the real estate market are much more influenced by supply and demand than by the time of year. Keeping an eye on the housing market is one of the most important things to watch and watch out for whether you’re in a buyer’s or seller’s market in your local area.

Everybody wants the best deal on a new home, but it’s not always easy. In the wake of the COVID-19 pandemic prospective homebuyers have had a difficult time answering the question, “Why are houses so expensive at the moment?”.

In order to save on a new home and avoid overspending on the mortgage, savvy homebuyers try to time their purchases around buyer’s markets.

When purchasing a house, it is important to know the difference between buyer’s markets and seller’s markets. Let’s find out more with this blog.

What Is a Buyer’s Market?

Buyer’s markets occur when more homes are for sale than buyers are available. It means that more homes are listed for sale than there are buyers. Buyer’s market often refers to the state of a market where there is relatively more inventory than demand.

Lower home prices are an indicator of a buyer’s market. A seller’s home will often sell for around the listing price or even less in a buyer’s market. You cannot raise your asking price much without causing buyers to look at comparable homes offered by other sellers in your neighborhood.

Due to the volume of competition, sellers are at a disadvantage. Many sellers decide to accept a lower sale price instead of waiting for the right buyer to come along.

Seemingly longer than average time on the market is another sign of a buyer’s market. There’s likely a buyer’s market if the for-sale signs aren’t replaced with sold signs as you drive through your neighborhood. There is little chance of seeing a bidding war over a house on the market. With so many homes available, buyers are unlikely to spend more than the asking price.

What is a Seller’s Market?

During a seller’s market, the number of buyers overrules the number of available homes on the market or when there are more buyers than available homes. A single property often attracts multiple buyers, resulting in a bidding war. Selling your home in a seller’s market can be a great option because you can get a higher sales price than your listing price, or at least more than your bottom-line price (the lowest price you’re willing to accept for your house).

Be aware of the seller’s advantage when buying a home in a seller’s market. The advantage of getting a lower sale price on a property that other buyers are interested in is unlikely if other buyers are also interested.

An offer made by a competing buyer could cost you the opportunity to buy the property. The seller’s market is sometimes referred to as a renter’s market because sometimes prospective buyers must continue renting until they can raise their down payment and compete with other buyers.

According to a licensed realtor from FL Cash Home Buyers – the key to selling a property fast is to utilize as broad of a net as possible for buyers. The key to this is to find the right realtor. Realtors can help sell a house not only quicker but usually more profitably and as legally correct as possible.

The market for Buyers or Sellers? Find Out with These 4 Tips

A buyer’s or seller’s market can be determined without being an expert in it real estate. The easiest way to tell can usually be found by looking at current and recently sold listings.

A buyer’s market has the following characteristics

  1. Sales of homes are slow
  2. The homes sell for less than the list price
  3. The home price index is declining
  4. There are many homes available for sale

A seller’s market has the following characteristics

  1. Houses sell quickly
  2. The home sells at or above the listing price
  3. The price of homes is rising
  4. There aren’t many homes for sale

A Few Tips for Buyers

When there are limited housing options and a lot of buyers are interested, time is of the essence.

  • A seller’s market is an excellent time to act fast if you find your dream home. Those who hesitate over a house they want to buy may find it is no longer available by the time they are ready to negotiate. Getting pre-approval for a loan before you need it will ensure financing.
  • Make sure you know you’re at a disadvantage before you make an offer. There is no need to push for specific closing dates, concessions, or contingencies in a seller’s market. Make sure you focus on what’s important to you. Make sure you think twice about stipulations you want to be written into the contract. Make an all-cash offer if possible. Since cash buyers don’t have to deal with financing issues, sellers prefer them.
  • Having patience is crucial when you keep losing out on the homes you are interested in. Don’t get discouraged if you keep losing out on homes you are interested in. Frustrated buyers end up suffering in a seller’s market. Many inexperienced bidders engage in bidding wars to get the home they want, even if the home isn’t worth much. That’s not a good idea.
  • If you are tired of losing, you may end up making an offer on a home you wouldn’t usually be interested in. Property ownership is an investment and often a 30-year commitment. Don’t get sucked into a low-cost house. You’d be better off waiting until the market cools off before starting your home search.

A Few Tips for Sellers

To increase interest in your property in a seller’s market, you’ll need to compete with other sellers.

  • Before you market or show your property, make sure your home is clean and organized, and in good condition.
  • The price of a home tends to rise in a seller’s market, but pricing your home relatively still helps. You’ll be more likely to attract buyers if you lower your asking price slightly below fair market value. It is common for sellers to list their homes slightly below their assessed value to encourage bidding wars.
  • Examine offers carefully: During a seller’s market, it’s even more important to consider offers carefully. In their search for the highest offer, sellers frequently ignore the buyer’s financial strength. If buyers say they will pay a certain amount, that doesn’t automatically mean they can get the funds. The appraised value of your home cannot be financed beyond that.
  • Your last concern should be accepting an unrealistic offer and then having to resell your home when the deal falls through. Buyers will have more power when negotiating when your house has been on the market longer.
  • Make sure any buyer who requires financing is preapproved for a loan. When buyers receive pre-approval, their credit and finances are verified, ensuring they can obtain a loan for a specific amount. Prequalification, however, is merely an estimate of a buyer’s finances.
  • Observe contingencies: Also, be aware of offers that include contingencies. In the event that certain conditions are not met, buyers can back out of sales contracts, including mortgage house contingencies, home sale contingencies, appraisal contingencies, and inspection contingencies.
  • According to Phil from Cash offer Please, Many homeowners choose to sell their homes through a real estate agent in order to get the best price. However, you may be able to sell your home for less than market value by making a cash offer to the buyer.

Summary

Knowing where the market stands is beneficial when buying or selling property. There is less competition for buyers in a buyer’s market when there are many homes available. On the other hand, a seller wants to list their house during a seller’s market when there are fewer properties for sale and a high number of interested buyers.

It is still important to hire a real estate agent, regardless of the market conditions in your area. A real estate agent can give you a leg up on your competition, regardless of market conditions.

Choosing the right time to buy a home can be a major challenge. In a seller’s market, you will notice that homes disappear almost immediately after being listed. To avoid losing out on what could be your dream home, you should get preapproved as soon as possible instead of waiting until the last minute.


Know the Difference between Buyer’s Market and Seller’s Market

Saturday, 19 March 2022 by feeta_admin
Would you like to sell or buy a home at the best time of year? Despite the fact that certain seasons may be busier than others, the fluctuations in the real estate market are much more influenced by supply and demand than by the time of year. Keeping an eye on the housing market is
  • Published in buy the property, buyer's or seller's market, International, Investment, mortgage house, property, Real Estate, Real Estate Guide, real estate market, Real Estate News
Pros-and-Cons-of-Homeowner-Association

Pros and Cons of Homeowner Association

Several localities offer residents the option to join a homeowner association. These associations can be quite helpful in resolving minor community issues. However, they may come with several drawbacks that need to be considered. To understand the pros and cons of joining HOAs, you must first understand what HOAs are, what they do, and how they affect homeowners.

What are HOAs? A question that you might be wondering. The term simply refers to homeowner’s associations, which manage a community for the benefit of its residents.

What does HOA mean in Housing?

Homeowners associations exist to manage residential communities, maintain curb appeal, and keep property values high. In addition to this, property owners’ associations manage residential communities. Home developers are responsible for initiating the association.

As a result of legal advice, the developer drafts the association’s governing documents. Bylaws, amendments, rules and regulations and articles of incorporation are among the documents.

Simply put, it would mean living in a house that is a part of an association. Although there are plenty of benefits to living in an HOA, it may not be suitable for everyone. Living in an HOA community, for example, gives you access to amenities you would not otherwise have.

What is the purpose of an HOA?

As soon as you move into your new home that is registered with the association, you become a member. The HOA’s governing documents are automatically applied to you as an HOA member. The documents outline the dos and don’ts of a homeowner. Rules like these help preserve property values ​​and keep neighborhoods safe.

Managing an HOA entails taking care of the best interests of the community, enforcing rules, and setting the amount for dues. A review of the HOA’s governing documents is recommended before moving into a homeowner’s association.

Pros of HOA

Here are some pros of HOA that can help you make a decision.

1. HOAs are responsible for maintaining common areas

The aesthetic appeal of a well-maintained community contributes to the ease of living within it as well. A landscape that offers clean roads, trimmed trees, and blooming flowers, brings harmony and peace. The wellbeing of a community is important, and it is comforting to know that these services are in place.

The benefits of living in a community with an HOA include common community areas being maintained by the organization. Swimming pools, playgrounds, barbecue areas, and community centers are included.

The spaces can be enjoyed without having to worry about maintenance. In addition to maintaining the landscaping in front of each unit, some HOAs also take care of maintenance in the backyards of residents.

2. A consistent value for each property

Property values are a primary reason people buy an HOA home. Your board helps you protect your investment and ensures its value remains the same. It is the owners’ responsibility to maintain their lawns, homes, and personal property in accordance with community laws. This offers several benefits for the homeowner as well as the community. The members of the board live in the same community, and they are just as eager to see it thriving as you.

3. Complying with standards

Every homeowner must follow certain guidelines. Prior to signing on the dotted line, buyers should familiarize themselves with the governing documents. There isn’t much tolerance for unruly behavior in a typical association – from a wild party in someone’s backyard to disregarding architectural guidelines. The neighborhood has a board that mediates neighbor disputes and sets forth consequences when things don’t work out.

Cons of HOA

Let’s take a look at the cons of HOA.

1. HOA fees must be paid monthly

Residents of the community must pay HOA fees because the association maintains the common areas and exteriors of homes.

The fees for these amenities vary from community to community. In addition, HOA fees are not set in stone, so they are subject to change from time to time. When the association is unable to collect enough funds to maintain the community, the association may have to increase the monthly fee.

2. Failure to pay HOA fees can have serious consequences

Paying your HOA fees is an important part of living in a community. Fees must be paid by all residents of the community. If the HOA remains unable to collect enough money from residents, the property may not be able to be properly maintained. This can result in the association firing the property manager, causing the community’s appearance and condition to deteriorate.

3. Rules and regulations are enacted by the HOA

The HOA sets requirements for your home’s appearance. Ranging from what type of front door and windows you can have to decide what color your front door or shutters can be painted – the association has complete control over your home’s appearance. You may even be restricted in how much outside decor you can use and how many vehicles you can park in your community. If you violate the community’s rules and regulations, you could receive a fine.

4. Inadequate management

Poor management can lead to deterioration in some HOA communities. As a preventative measure, electing board members who have the association’s best interests at heart is the perfect way to avoid such a situation. In addition, many HOAs hire a management company to ensure responsibilities and duties are properly fulfilled.

5. Foreclosures and lien rights

A lien or foreclosure is always a concern when living in an HOA. There are certain HOAs that can place links on your property and then foreclose on it. The lien will only occur if your association due aren’t paid.

Conclusion

It’s important to consider the pros and cons of living in an HOA before making a decision. Paying monthly fees and adhering to the rules of an HOA community is necessary. You’ll also benefit from things like preserving your property value and being able to access well-maintained amenities (like landscaping). In the long run, you will benefit more from HOAs if you can tolerate the minor inconveniences they bring.

Stay tuned to Feeta Blog to learn more about Pakistan Real Estate.


Pros and Cons of Homeowner Association

Friday, 18 March 2022 by feeta_admin
Several localities offer residents the option to join a homeowner association. These associations can be quite helpful in resolving minor community issues. However, they may come with several drawbacks that need to be considered. To understand the pros and cons of joining HOAs, you must first understand what HOAs are, what they do, and how
  • Published in Houses for rent in Faisalabad, Houses for Rent in Islamabad, Houses for rent in Karachi, Houses for rent in Lahore, Housing Finance, International, personal property, Real Estate, Real Estate Guide, residential communities
Karachi-Vs-Lahore-Which-One-is-Better

Karachi Vs Lahore – Which One is Better?

Karachi Vs Lahore – Which One is Better? This is a question people ask all the time.

Karachi and Lahore are the two most famous cities in Pakistan. Both are known for their rich culture and amazing hospitality. Karachi is popular for being an economic hub, whereas Lahore is popular for its amazing heritage and beautiful architectural buildings. Both the cities have their own importance and are unique in their own way.

Let’s have a look at the basic factors of both Karachi and Lahore.

Karachi

Karachi, the city of lights, is the 8th most popular city in the world. There are several reasons for being most popular. Its history, its culture, fashion, trade, entertainment and investment are some factors that contribute towards it. The city is super busy in comparison to any other city in Pakistan.

If you plan to go somewhere, you will have to leave an hour before, because Karachi has always witnessed immense traffic. While traveling in Karachi, you will notice that the city is full of energy, warmth and enthusiasm. Residents of Karachi are diverse in cultures, ethnicities and religions. All these aspects add to the diversity, versatility and uniqueness of the city of lights – Karachi.

City Size and Population of Karachi

The metropolitan city has a population of more than 23 million and a population density of almost over 24,000 people per square kilometer. Which makes it clear that Karachi is denser than any other city of the urban population in Pakistan. This is why Karachi is the largest city in Pakistan.

Demographics of Karachi

It is believed that almost 90% of the population in Karachi are migrants from various backgrounds. For a large number of Gujarati Muslims, Karachi has historically been a home. Communities of Gujarati Muslims include Chhipa, Memon, Khoja, Ghanchi and Tai.

Many non-Muslims left Karachi for India after the 1950s. Therefore some small communities of Parsis, Anglo-Indians and Goan Catholics are still present in Karachi. Muhajirs in Karachi are large in number ie is almost 50% of the population, which includes Gujarati, Rajasthani and Malabari Muslims.

After Muhajirs, the second largest group in Karachi are the Pashtuns, 25%, who hail from Balochistan and Afghanistan.

Growth in Karachi’s Population

At the rate of around 5% per year, Karachi is growing. Almost 45,000 migrant workers come to Karachi from all over Pakistan every month. It is expected that rapid growth in the population of Karachi will make it the seventh-largest city in the world by 2030.

Weather of Karachi

Summers in Karachi are very hot, arid, windy and oppressive, whereas winters are short, dry and more comfortable than summers. The temperature in Karachi varies from 55 F to 94F. It is above 100F and below 49F.

Transport of Karachi

For shorter routes, people of Karachi use rickshaws or taxis, and for longer routes, they prefer transportation through buses, which is far cheaper than any other mode of transport.

Places to visit in Karachi

Here is a list of some of the most famous places to visit in Karachi.

The Beach

Going to the beach has never been a regret! We always enjoy ourselves and spend hours and hours at the beach without realizing the time. Karachi is famous for its beautiful beaches. Tourists from Pakistan always make sure to pay a visit to the beach during their stay in Karachi. Sea view beach is the closest to the city, and no matter what the time is, it has always been crowded.

Winter Land

For the people of Karachi, winter land is a huge bliss! Because of the hot weather in Karachi, people don’t get to experience rain and winds for a long time. Winter land is a place to experience when you feel like having some fun by getting some winter vibes. The place offers several fun activities, such as bumper cars and slides.

Mohatta Palace

To experience Indo Saracenic architecture, Mohatta Palace is the place to visit in Karachi. In 1927, it was built as the home of Shivratan Mohatta. It is open to the public from Tuesday to Sunday from 11 am to 6 pm. The palace contains a secret passage, a 1km path underground and leads to a Hindu temple. In this palace, you will also find various displays of British culture from the subcontinent.

Brother Hall

To experience Karachi’s British colonial history, Frere hall is a Venetian gothic building that one must visit. Frere Hall is Karachi’s most iconic place, with a beautiful mural painted by one of Pakistan’s most revered artists Sadequain Naqqash.

Empress Market

Named after Queen Victoria, the Empress market has been in operation for years. From groceries, spices, seafood to some fun activities in Karachi, the empress market has been a popular place. It is one of the busiest places in Karachi for shopping.

Food culture in Karachi

Karachi is famous for its food. Here is a list of restaurants in Karachi that are known for their delicious cuisine.

  • Behari tikka at Meerath Kabab House
  • Dum Biryani from Gol Market, Nazimabad
  • Fish by Yadgar
  • Katakat and Brain Masala from Noorani at Do Darya
  • Beef fry kabab at Burns Road by Waheed
  • Javed Nihari (dastagir, FBArea
  • Nihari by Ghaffar Kabab House
  • Afghani Boti at Al-Asif
  • Afghani Pulao by Al-harmain
  • Peshawari chapli kabab by A-one (Shah Faisal)
  • Balochi tikka from Madina 2, Superhighway
  • Karahi by anwar baloch (Malir)
  • Kali Mirch Chargha by Cafe Laziz
  • Hunter beef burger from Hanifa
  • Super bun kabab at Pakistan Chowk
  • Cheeseburger by Khan Broast, Near Waterpump

Universities in Karachi

With a literacy rate of 65.26%, Karachi has some of the best universities in Pakistan. There are almost more than 50 colleges and universities that are located in the capital of Sindh. The categories of colleges and universities include science, arts and commerce.

Top universities in Karachi include:

The Jinnah University for Women, located in Karachi, is the pioneer university for women in Pakistan

The University of Karachi is the largest in Pakistan with the largest faculty.

NED University of Engineering and Technology is Pakistan’s oldest engineering institute located in Karachi.

The National University of Computer and Emerging Sciences, NUCES-FAST, is recognized as one of the top universities in Pakistan. It has two branches in Karachi.

Lahore

beautiful view of lahore city with badshahi mosque

Let’s find out about Lahore now.

A lot of travelers in Pakistan start their adventure in Lahore, The heart of Pakistan. The city is known for its vibrant, hospitable and joyful atmosphere. But, we cannot forget Lahore’s scrumptious food, which you cannot find in any other city in Pakistan. Lahore has been of great importance when it comes to geography and culture. There are a lot of fun places in Lahore that you and your family can visit.

Colonial and Mughal dynasty eras can be witnessed all over the city with several beautiful historical architecture buildings. Because of Lahore’s fantastic taste, Lahore is also known as the food capital. Several places can be visited in Lahore to experience the beautiful architecture of the walled city. Rich in history and tradition, Lahore has experienced three eras: Mughal, British and modern.

City Size and Population

With the boundaries of 1772 kilometers, the current population of the city is 7 million. In the past 14 years, the city has expanded due to its growing population. Because of this, it remains the 42nd most populated city in the world. The population density of the city is nearly 63000 residents per square kilometer.

Population Growth in Lahore

With a population above 11 million, experts thought that Lahore would become a central megacity by 2025, but it has already become. With an increase in Lahore’s population, it is expected to become the largest populated city by 2050, with almost 42.46 million people.

Weather of Lahore

With an average high of 102F and a low of 83F, the hottest month in Lahore is June. Winters in Lahore last for almost 2.5 to 3 months, with an average low of 47F and a high of 66F.

Transport of Lahore

Modes of transport used in Lahore include bus services, rickshaws, taxis and metro services. Two major providers of bus services are Lahore Transport Company and Punjab Mass Transit Authority.

Places to visit in Lahore

Here is a list of places to visit in Lahore.

Badshahi Mosque

Located in Lahore, constructed by the Mughal emperor Aurangzeb, Badshahi Mosque is the largest mosque of the Mughal era. It is one of Pakistan’s most iconic sights that people all over the country love to visit. It is known as the crown jewel of Lahore with a large courtyard that can comprise almost 10,000 people.

Fort Road Food Street

Fort road food street has some of the best restaurants in Lahore. The food street has beautiful and colorful buildings with rooftop restaurants for citizens to enjoy the view. There are both desi and continental restaurants with amazing food quality.

Delhi Gate Market

The old city of Lahore had almost 13 gates to it. When the British conquered the region all of these were destroyed. However, 6 out of 13 were rebuilt, and Delhi Gate is one of them. The entrance leads to a busy market filled with lots of happening and life. It’s a great place to visit if you want to have a look at the local life of Lahore.

Anarkali Bazaar

Anarkali bazaar is divided into two, the old and new. While on your visit to Anarkali bazaar you will get to find a lot of traditional foods, clothes, jewelry and handicrafts. Walk-in Anarkali bazaar has always been an interesting thing to do for people; even if you don’t want to buy anything, a walk at Anarkali bazaar is also enough to enjoy the locality.

Shalimar garden

Visiting a Shalimar garden is one of the most relaxing things that the people of Lahore tend to do. It is a great option if you want to spend time with your family. There is a beautiful fountain with colorful flowers to create a welcoming and comfortable atmosphere for visitors.

Universities in Lahore

With a literacy rate of 64%, Lahore is considered to be a primary education hub of Pakistan with some top universities. Almost 40 licensed universities offer degrees in business, science, humanities and engineering.

The University of Punjab, Government College University, and Forman Christian college are Pakistan’s oldest universities. The recently-established University of Lahore is a private university and offers programs in medical sciences, health sciences, biology and engineering.

Conclusion:

Both Lahore and Karachi are unique in their own way. The cities are of great importance to Pakistan. Lahore, because of its historical architecture, and Karachi, because of its vastness. In this blog, Feeta.pk has listed down the stand-out features of both cities.

Which one is your favorite? Let us know in the comment section below!


Karachi Vs Lahore – Which One is Better?

Thursday, 17 March 2022 by feeta_admin
Karachi Vs Lahore – Which One is Better? This is a question people ask all the time. Karachi and Lahore are the two most famous cities in Pakistan. Both are known for their rich culture and amazing hospitality. Karachi is popular for being an economic hub, whereas Lahore is popular for its amazing heritage and
  • Published in Best Places to Visit in Karachi, fun places to do in karachi, International, Karachi vs lahore, Karachi vs Lahore 2022, Lahore vs Karachi head to head, Places to Visit in Karachi, places to visit in lahore, Real Estate, things to do in karachi
Here-how-you-should-choose-construction-material-for-your-house

Here’s how you should choose construction material for your house

Being the foundation of any house – construction materials should be selected after thorough research and evaluation. Anesthetic design with sustainability is only possible with the proper construction material. However, many remain unaware of the significance of choosing the right materials, foregoing this important step entirely.

To help you make the right decision for your home, Feeta.pk brings you a complete guide on how you should choose construction material for your house.

Estimate your Costs

The construction market offers a wide variety of quality construction materials. However, their prices may vary significantly. Opting for the highest-grade materials should be the right move if you have a limitless spending budget since durability and sustainability are the utmost priority.

However, there will be a limited spending budget in most cases, and finding the perfect materials for your home under a limit can be quite tedious. As a general rule, choose cost-effective materials without compromising overall quality. Estimating a budget can help know how much you can spend on materials, cut down on unnecessary costs and make room for better construction material.

Availability of Materials

Before deciding on any materials, it is essential to determine their availability in the market.

Source: EnvatoElements

Before deciding on any materials, it is essential to determine their availability in the market. Materials that are either rare or unique can become impossible to find in the market, or they might have to be shipped from a different country. This can raise costs and delivery times for the construction and building materials, affecting the overall timeline for the construction of your house.

Climate Conditions

Construction materials for homes greatly depend on the climate conditions of the area.

Source: EnvatoElements

Construction materials for homes greatly depend on the climate conditions of the area. Factors such as average rain, snowfall, sunlight, and temperature are essential determinants for the materials. Some materials perform better in cooler temperatures, while others deteriorate under heavy rain or snowfall. This makes it necessary to consider the whole climate while choosing construction materials.

Sustainability

With climate activism on an all-time high, the construction industry has also taken a few steps to incorporate sustainability.

Source: EnvatoElements

With climate activism on an all-time high, the construction industry has also taken a few steps to incorporate sustainability. Construction materials are responsible for a significant portion of the world’s carbon footprint, especially materials such as cement. This has led to a rise in the use of eco-friendly construction materials. If you want your house to be greener, the construction market has several sustainable options that you can explore.

Aesthetic Appeal

Construction materials can drastically change the aesthetics of your house.

Source: EnvatoElements

Another factor to take into consideration while choosing materials is their aesthetic appeal. Construction materials can drastically change the aesthetics of your house. For instance, laminated wooden flooring can give your home a touch of elegance, while opting for ceramic tiles can offer a minimalistic appeal.

The materials that you choose should also compliment the surroundings of your house. A log cabin-style home may look pleasant in the hills of Murree but not so much in the streets of Lahore. Your home’s aesthetic appeal should mirror its surroundings while incorporating your unique taste.

Durability

Durable construction materials are essential for any home, increasing lifespan and lowering maintenance costs.

Source: EnvatoElements

Durable construction materials are essential for any home, increasing lifespan and lowering maintenance costs. Some materials can offer universal durability, while others are climate-dependent. Generally, construction materials should be repellent to moisture, corrosion, and other environmental conditions such as heavy rain.

Structural Integrity

For construction materials, it boils down to structural integrity and performance.

Source: Pinterest

For construction materials, it boils down to structural integrity and performance. The materials that you choose should withstand heavy loads and excessive weights. The choice of materials should be evaluated, and there should be no compromise on quality. Anything made out of poor quality can become a safety hazard.

Maintenance

The best construction materials are those that require minimal maintenance.

Source: EnvatoElements

The best construction materials are those that require minimal maintenance. Maintenance is necessary for preserving your home’s original look. However, it can also rack up additional costs over time. To avoid these costs, opt for high-grade quality materials as they offer higher durability and less maintenance over time.

Construction material should always be selected after thorough research. Factors such as durability, aesthetics, and climate conditions should be considered. However, the general rule of thumb is to never compromise on quality, as these materials are the core of your house. For more information on construction materials, visit Feeta.pk – Pakistan’s first online real estate market.


Here’s how you should choose construction material for your house

Wednesday, 16 March 2022 by feeta_admin
Being the foundation of any house – construction materials should be selected after thorough research and evaluation. Anesthetic design with sustainability is only possible with the proper construction material. However, many remain unaware of the significance of choosing the right materials, foregoing this important step entirely. To help you make the right decision for your
  • Published in Construction, International, Real Estate
How to Check the Federal Government Employees Housing Authority List

How to Check the Federal Government Employees Housing Authority List

The government of Pakistan has launched several initiatives over the years to facilitate federal government employees. One such perquisite is the Federal Government Employees Housing Authority (FGEHA). The authority is responsible for introducing new housing schemes in the capital and allocating a quota for government employees.

However, accessing the FGEHA list can be a hassle if you’re not familiar with the procedure. To ease the process, Feeta.pk features a guide on how to check the Federal Government Employees Housing Authority list.

A little about the FGEHA

The Federal Government Employees Housing Authority was established in 2019 under the ordinance of the President of Pakistan. The objective behind creating this body was to ensure a safe and secure shelter for the lower-income groups in the capital that are currently residing in impoverished settlements or ‘katchi abadis’.

The FGEHA aims to deliver new housing units to federal employees at low and affordable costs, ensuring every employee becomes a homeowner. Currently, the authority is planning on pushing in almost five million low-cost units into the market, with federal employees being at the utmost priority for the allocation of these houses.

The government hopes that this initiative will be able to tackle the status quo in the country’s real estate market which completely excludes middle- and low-income groups, while extracting immense profits from the ones that can afford it. By pushing more units into the market, the demand for housing will decrease, allowing the skyrocketing prices to descend.

How to Check the Federal Government Employees Housing Authority List

Federal Government Employees Housing Authority

Source: FGEHA

The process for checking the FGEHA list is quite simple. Follow the instructions given below to access the list.

  • Head over to the Federal Government Employees Housing Authority’s official website.
  • At the top side of the webpage, you will find several drop-down menus. Select the ‘membership drive’ drop-down menu.
  • The drop-down list will offer various options for different memberships. Click on your allocated membership program.

The next webpage will have the message 'click here to login'.

Source: FGEHA

  • The next webpage will have the message ‘click here to login. Click on this message and this will take you to the login page.
  • Once you reach the login page, add your credentials to the specified fields. Enter your CNIC number (without dashes) and your password.

FGEHA login screen.

Source: FGEHA

  • After logging in, the details of your membership will be available on your screen.
  • If you encounter any issue while logging in or if there is no information regarding your membership, you can file a complaint at ‘[email protected]’ to have the issue resolved.
  • For any other issue or query regarding your membership in the program, you can visit the FGEHA office in G-10/4, Islamabad.

Pakistan’s government is known for its generous well-fare programs for its employees. The Federal Government Employees Housing Authority is one of such programs, making way for lower and middle-income employees to become homeowners in the country’s capital. The government is planning to expand the program to allow more federal employees to become part of the FGEHA list in the near future.

For more information, visit Feeta.pk Pakistan’s first online real estate market.


How to Check the Federal Government Employees Housing Authority List

Friday, 11 March 2022 by feeta_admin
The government of Pakistan has launched several initiatives over the years to facilitate federal government employees. One such perquisite is the Federal Government Employees Housing Authority (FGEHA). The authority is responsible for introducing new housing schemes in the capital and allocating a quota for government employees. However, accessing the FGEHA list can be a hassle
  • Published in Federal Government Employees Housing Authority, FGEHA, Housing Finance, Housing Schemes, International, Real Estate
World-Bank-Estimates-Capacity-of-Punjabs-Real-Estate-to-Generate-Rs400-Billion-in-Tax-Revenue

World Bank Estimates Capacity of Punjab’s Real Estate to Generate Rs400 Billion in Tax Revenue

In a recent report published by the World Bank, the international body has identified potential in two out of three major areas of tax revenue collection. The major areas are mainly Services Sales Tax, Urban Immovable Property Tax (UIPT), and Stamp Duty, among which the latter two are exclusively related to the real estate sector. As per the report, these two areas can collectively bring Punjab’s real estate sector to generate revenue of up to Rs400 billion if it is incorporated with the modern techniques of digital mapping.

UIPT is duly gathered by E&TD (Excise and Taxation Department), whereas the BoR is responsible for collecting the stamp duty. Improved and digitized land records assist in improving system analysis and coordination of the two main land-related tax authorities ie E&TD and BoR, in addition to implementing Stamp Duty and UIPT. Because of this integration between the two land tax authorities, Punjab real estate has shown the prospect of generating the highest revenue in tax.

As per the WB report, Punjab’s urban housing gap is expected to reach up to 11.3 million units by the year 2047. This gap is being generated by the rising population, migration of people from rural to urban areas in the country, unnamed and abandoned lands, and a decline in the existing housing stock. An estimated 2 to 2.5 million units are being constructed in Punjab under the Punjab Housing and Town Planning Agency.

Mainland records in Pakistan currently fall under the responsibility of provincial Boards of Revenues (BoRs). All Register of Deeds, Mortgages and Property Transfers are maintained here, as per person-based records, along with the facility of cadastral maps. BoRs typically stemmed from only rural records initially. With the unplanned expansion of urban areas around the city center, eventually, city centers were also included in this. For private housing agencies and cantonments, the responsibility of keeping records of plots and properties is on their end.

The World Bank reports the effect of the absence of standardized systems in keeping records of property rights in urban areas, and there are significant challenges that are keeping the revenue at par. These challenges include lengthy dispute resolutions, overlapping records of registries, inequitable taxation and a lack of property rights information for authorities to perform their responsibilities. Women from urban areas face extreme marginalization in their property rights and loss of inheritance due to a lack of transparency in property ownership, cultural restrictions, forceful property transfers etc.

Federal and provincial governments have come to the realization that such challenges may hinder the possibility of achieving the goals of the Naya Pakistan Housing Program of constructing about 2.5 million low-cost homes in Punjab. To resolve these issues, the World Bank has proposed an amount of $ 150 million on their behalf to develop and improvise the ‘Punjab Urban Land Systems Enhancement Project’.

This expense breaks down into four components; $ 103 Million for cadastral maps for Land Records Management and Information Systems (LRMIS) and digitization of records, and another $ 3 million for Land for Housing, to make the process of identification and evaluation easier. LRMIS proves to be extremely beneficial for keeping track of property and land rights and combining it with cadastral mapping systems such as PropSure bringing authenticity and transparency to the digitized land record systems.

Digital cadastral mapping assists in the integration of multiple registrations of a land area and designates it under a single and unique identifier. This process helps in enabling a seamless process that allows clarity and authenticity in the real estate sector

The remaining amount of about $ 35 Million is designated for the establishment of Land Information Systems to combine the rural and urban land records. The project risks environmental damage posed due to mass construction. Still, it is the solution to the current housing and land record issues in the system.

For more news and information on the latest property trends and developments, follow our blog at feeta.pk.


World Bank Estimates Capacity of Punjab’s Real Estate to Generate Rs400 Billion in Tax Revenue

Friday, 11 March 2022 by feeta_admin
In a recent report published by the World Bank, the international body has identified potential in two out of three major areas of tax revenue collection. The major areas are mainly Services Sales Tax, Urban Immovable Property Tax (UIPT), and Stamp Duty, among which the latter two are exclusively related to the real estate sector.
  • Published in International, Real Estate
Commonly-Used-Sands-For-Construction

Commonly Used Sands For Construction

When you think of building materials, what comes to your mind?

It’s most likely stone, cement, steel bars, etc. However, one other material is fundamental to construction: sand. When mixed with other construction materials, it provides strength and adds bulk. Its tenacious properties make it vital for building materials. On Feeta.pk, you can find many informative blogs regarding construction materials, etc.

Sand has been used in construction materials for ages. It is mainly obtained from the sea, beach, river, and desert. There are many different types of sand, and each serves a different purpose. It’s crucial to know the kinds of sand because you will decide which one would be suitable for your project based on that.

Types of Commonly Used Sands For Construction

Sand is classified into different types based on its grain size, color, shape of granules, binding power, bulk, and price.

Concrete Sand

Concrete Sand

Following are the characteristics of concrete sand.

Source

As the name suggests, concrete sand is made from crushed concrete. After crushing, the sand is filtered to remove impurities and larger fragments. It mainly consists of limestone, granite rock, and gneiss.

Its Nature and Shape

It is coarse and has relatively smaller particles than crushed stone sand. Its particles are sharp and angular in shape, making them rough and less absorbent.

Its Use

After mixing it with water and cement, it is used for constructing patios, sidewalks, etc.

Other than that, some other uses of concrete sand include leveling medium, bedding pipe, and de-icing.

Pit Sand

Pit Sand

Following are the characteristics of Pit sand.

Source

Pit sand is found naturally in deep pits about 2 to 3 meters underground.

Its Nature and Shape

It is also coarse sand with sharp, rough, and angular grains, enabling it to have the perfect binding properties. It is reddish-orange as it contains iron-oxide in it. It usually has zero salts in it compared to sea sand.

Its Use

Due to this reason, it absorbs less moisture, hence making it more suitable for building and construction purposes. Its binding properties make the buildings rigid and stronger.

River Sand

River Sand

Following are the characteristics of River sand.

Source

The other name for river sand is natural sand. It is found naturally near the streams and banks of rivers.

Shape and Size

It is white-gray and has a really fine structure. Because of its particles’ extremely fine form and softness, it is in high demand for construction work.

Its Uses

Mainly it is used for construction, masonry work, RCC, plastering, block works, etc. It requires less water because of the already trapped moisture in its particles.

It is cheaper than other types of sand because it is found naturally. You need to keep it in mind before using it for construction to make sure that it has less than 5% silica because it generally tends to have higher amounts of silica in it.

Manufactured Sand or M-Sand

Manufactured Sand or M-Sand

Following are the characteristics of M-sand.

Source

It is an artificial type of sand that is manufactured in factories. This sand is used mainly as a substitute for the fine river sand. With the rise in demand for fine quality sand, M-sand has been used more and more. One significant advantage of using this sand is that it cuts the cost of transporting the natural sand from rivers to the construction site. Hard granite goes through crushing, sieving, and washing, and then this river sand-like sand is formed.

Shape and Size

Its granules are angularly shaped, which helps in creating an excellent bonding when used in construction material.

Its Uses

It requires a high amount of water, but it can be compensated by using cement.

Because being manufactured artificially in the factories contains zero silt or any other forms of impurities. Besides being economical, it has fewer chances of adulteration because it’s being prepared under control conditions.

Mortar Sand

mortar-sand

Mortar sand is also called masonry sand. It is widely used for landscaping and construction. Masonry sand is a suitable type of sand often used in construction.

Shape and Size

Because it has almost the same-sized grains, it has a smooth and fine structure.

Its Uses

Besides masonry work, it is also used for many other purposes, particularly for exterior finishings because of its nice appearance.

Fill Sand

Fill Sand

Following are the characteristics of Fill sand.

Source

As the name tells us, fill sand is mainly used in construction work for serving. Many different sand grains are mixed with aggregate to get this sand. Particularly, fill sand is all finely crushed rock particles that have gone through the process of erosion.

Its Uses

It is a perfect base material for the construction of buildings because of its compaction properties. It can also be used as a backfill to stop drainage in underground concrete tanks.

No matter what type of sand you choose for your project, some things must be considered. The silt material should always be less than 3%, and there should be no traces of any kind of impurities. Also, you should analyze the sand type that you are buying and check whether it is suitable for your project or not. As sand is one of the basic materials used for construction, your carefully chosen sand type can make a difference in the structure’s strength and durability.

For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.


Commonly Used Sands For Construction

Wednesday, 09 March 2022 by feeta_admin
When you think of building materials, what comes to your mind? It’s most likely stone, cement, steel bars, etc. However, one other material is fundamental to construction: sand. When mixed with other construction materials, it provides strength and adds bulk. Its tenacious properties make it vital for building materials. On Feeta.pk, you can find many
  • Published in Construction, Infrastructure, International, Real Estate, Technology
9-Things-to-Consider-Before-Investing-in-Real Estate

9 Things to Consider Before Investing in Real Estate in 2022

Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.

-Franklin D. Roosevelt

 

This quote perfectly summed up the advantages of investing in real estate and for all the right reasons. Real estate is said to be one of the most lucrative investment opportunities around the globe and, Pakistan is no exception.

In Pakistan, real estate is considered to be one of the most common and widely practiced investment opportunities. Every year, millions of people invest in real estate because of its benefits and financial rewards.

Why Should You Invest in Real Estate?

And, we will tell you why you should invest in real estate.

We have jotted down some of the pointers that will help you understand the advantages of real estate investment in depth.

Real estate is one of the best investment opportunities out there because of the following reasons:

  • You get full ownership of the tangible asset.
  • You can easily mitigate the risk associated with real estate by being strategic and informed about the latest real estate market trends. In short, it is easy to predict the real estate market.
  • Property owners get certain tax relaxations on their property.
  • Real estate comes with stability. Unlike other investment opportunities such as stocks, real estate investment is stable and prices appreciate over time.
  • You have control over your investment and you do not have to rely on external sources to manage your property.
  • Real estate does not get affected by severe economic conditions. In short, real estate ensures safety from inflation hedge.
  • There are multiple uses of real estate. You can use it for accommodation, renting, reselling and leasing.
  • Real estate faces less market volatility in terms of prices and risk.
  • Real estate yield a high rate of returns.

If you are planning on investing in real estate make sure to know the pros and cons of investing in real estate and tax on property.

Things to Consider Before Investing in Real Estate in 2021

Before making any kind of investment in real estate, do consider the following factors:

  1. Diversified Portfolio
  2. Credibility
  3. Customer Base
  4. Transparency
  5. Safe and Secure Investment
  6. Location
  7. Research about Market Trends
  8. Installment Plans and Down Payments
  9. Money-Back Policy

1. Diversified Portfolio

In real estate, there are high chances of portfolio diversification. It means you have many opportunities to invest in. You can invest in commercial properties, residential properties, and industrial areas and vice versa. Check out factors affecting the real estate market.

It is important to know about the different real estate options and how you can use them to reap financial benefits.

For instance, residential properties can be used for accommodation, rentals and bread and breakfast services. On the other hand, commercial spaces are solely dedicated to business and commerce.

2. Credibility

Before investing, always consider the credibility and records of the real estate company. Make sure that their product offerings are approved by local developmental authorities. Also, ask around and try to know as much as you can about the company.

Also, if they have an online presence, visit their social media accounts and read the customers’ reviews.

3. Customer Base

Try to contact the people who have been the customers of that specific company. Ask questions and try to grasp as much knowledge as you can.

Sometimes, others can provide you with valuable insights as well. So, listen carefully and try to gain as much knowledge as you can.

Also, the ratio of the customer base is crucial because it tells you about the success rate and credibility of the company. The higher the customer base, the higher is the worth of the company.

4. Transparency

Transparency is the most important element in real estate. It ensures the validity and reliability of the company. Before financing any sort of real estate project, make sure that the operations and processes of the company are clear and transparent.

There are many real estate agencies out there that do not ensure transparency. For instance, they will not inform you about all the costs associated with the property such as maintenance costs vice versa.

5. Safe and Secure Investment

Before investing, make sure that the investment is 100% safe and secure and there are no hidden terms and conditions attached to your purchase. By safety, we mean that your money will be safe with the company and your money will not get blocked in any way possible.

A good investment is secure, gives you ROI and has high liquidity. If all these three elements are present in your investment, you are good to go.

If you are looking for transparent and secure real estate projects within major cities of Pakistan, we suggest you have a look at the following projects:

These projects are located at prime locations, making them stand out from the crowd. If you have low capital, don’t worry, because you can still invest in these lucrative projects. You can invest in these projects from 17 lacs and onwards.
The best thing about these projects is that they will provide you with annual estimate gains and a money-back policy.

6. Location

The location of your investment can make all the difference. For instance, if you are investing in a shop in a commercial hub, your chances to benefit from the investment may improve by many folds. Similar is the case with residential properties. Residential properties will not only ensure a good resale value but it will also yield good rentals. Checkout invest in a shop or a house.

7. Research Market Trends

The State Bank of Pakistan (SBP) reported that the construction and housing sector has been consistently higher than nine percent over the past decade.

It is crucial to be informed and up to date with all the latest market trends and news. It will not only allow you to make a better and more informed investment decision but it will also help you to become a risk aversive.

8. Installment Plans and Down Payments

Many real estate projects sound lucrative and attractive. However, they may come with a high price and risks. For instance, some firms have very rigid installment plans. Look for projects that offer you flexible and easy to pay installments.

Also, be clear about the down payments. Usually, if you will pay a larger down payment, you will have to pay easy and manageable installments and your number of installments will also reduce.

9. Money-Back Policy

Not all real estate firms offer a money-back policy. However, Feeta.pk Pakistan’s smartest property portal offers money-back policy.

It means that if you think your investment purchased by Feeta is not making money, you can always sell it back to the company. Feeta is providing real estate investment solutions. No one offers such services in Pakistan where you get a secure and transparent investment opportunity with a money-back option.

These are some of the factors that are of pivotal importance. Make sure you consider all of these before making any kind of investment.

If you want to know more about real estate like 1 marla to square feet follow real estate podcasts, real estate books, real estate youtube channels, and real estate blogs.

If you have any questions or confusion, let us know. We will be more than glad to help you out. Get to know top insurance companies in Pakistan.

Disclaimer:

None of the information published in this article should be constructed as investment advice. We strongly advise our readers to always do their due diligence before investing in any project. It is the reader’s responsibility to know the laws regarding investments in their region.

Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Pakistan Real Estate.


9 Things to Consider Before Investing in Real Estate in 2022

Tuesday, 08 March 2022 by feeta_admin
Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world. -Franklin D. Roosevelt   This quote perfectly summed up the advantages of investing in real estate and for all the
  • Published in International, Real Estate
Real-estate-terms-you-need-to-know-about-scaled

Real Estate Terms You Need To Know About

Working in real estate involves having excellent communication skills. A big part of learning about real estate comes from having a deep understanding of real estate basics and terms.

As a real estate investor, you will likely spend most of your time addressing real estate-related questions from home buyers and sellers. After all, the job is to guide customers through a complex process that revolves around what is probably the biggest purchase of their lives.

Even if he is already familiar with most of the real estate terminology, brushing up on some of the basics is helpful from time to time and is a great way to improve his skills and knowledge. To help you, we’ve put together this glossary of real estate terms you need to know about.

Seller’s Agent

A seller’s real estate agent is a professional who exclusively represents the seller of a property during a real estate transaction.

They assist the seller by performing specific tasks, such as collecting data and comparable home sales prices, marketing the property, and advising clients on choosing the best offer received for the property.

Buyer’s Agent

As the name implies, a buyer’s agent is a real estate agent who is legally licensed to assist buyers during the home buying process. They represent the interests of the buyer exclusively during a real estate transaction.

Some of your responsibilities include negotiating the best possible price for a home, providing information about the neighborhood and its surroundings, ensuring the home is inspected and conducting due diligence.

Appraisal agent

A real estate appraisal is a process designed to develop an accurate opinion of the real estate value. In a real estate transaction, a lender often requires an appraisal by a third party to ensure that the amount requested for the loan reflects the property’s fair market value.

When the appraised value of a home is less than that offered by the buyer, the lender may ask the buyer to cover the difference in cost.

Lessee and Lessor

‍Commonly known as a lessor, the lessor is the owner and operator of an investment property. They rent their unit (s) to tenants or tenants. If you want to start your career as a real estate agent, you can work with tenants looking for a lease.

Landlords who operate large-scale properties, such as apartment buildings with a dozen or more units often work with leasing agents to fill their units throughout the year. Some represent their listings themselves, but these owners usually hire agents (or teams of agents) to fill available vacancies.

Appendix and amendment

⁇During a transaction, a home buyer or seller may want to make a request to each other in the form of a supplement or amendment. Sometimes this is a change to an existing contract (an amendment).

An amendment to a living agreement is often made when there is a mistake. An addendum could occur, for example, if a buyer wanted to keep a seller’s washer and dryer, thus requiring new contract language. Other times, they want to add to the contract (an appendix).

Depreciation

Amortisation is the term used for the schedule of mortgage installment payments over some time. A typical buyer’s repayment schedule is one payment per month for 15 or 30 years in real estate.

Homeowners association

A homeowners association or HOA is a private organization within a planned community, subdivision, or condominium tasked with creating and enforcing rules for the houses in the community and its residents. Those who purchase property within the jurisdiction of an HOA are automatically included as members and must pay HOA fees or dues.

Prior approval

A pre-approved home buyer means that a lender has verified their information, verified their credit, and approved for a specific loan amount for up to 90 days. The process requires buyers to fill out an application to allow a lender to examine their current financial situation, including creditworthiness, debt-to-income ratio, and ability to pay.

Capital

The part of the property officially owned by an individual is known as real estate. Although a person owns a property that he has purchased, the mortgage lender has an interest in it until it is paid in full.

Closure

Closing is the final step in the home buying and selling process, and it’s one of the most important real estate terms you should know. The buyer and seller agree on the closing date during the negotiation phase and is generally set weeks after the offer is accepted.

At closing, ownership of the property is officially transferred from the seller to the buyer, and all necessary payments are made, after which the buyer can move in or begin renovating the property.

Closing costs

Homebuyers and sellers incur expenses to finalize a real estate transaction are known as closing costs. These can include appraisal fees, taxes, loan origination fees, credit reporting fees, title insurance, etc. In most situations, the buyer generally pays 2% to 5% of the home’s purchase price, although closing costs can be paid by either the buyer or the seller.

Seller disclosure

A seller’s disclosure is a document issued by the seller of a home to a buyer. It describes any existing problems with the property and other important details that buyers should know regarding the house. It typically includes home repairs, details about faulty systems or appliances, and history of leaks and other environmental issues.

Title deed and property title

Deed and title are two terms that are often used interchangeably. But although they are closely related, there is a difference between them. The title is a concept and not a physical document. It represents legal ownership of the home and all rights transferred from the seller to the buyer. On the other hand, the deed is a physical and legal document that conveys the title to the new owner after a home is sold. It includes a property description and identifies the dealer (buyer) and grantor (seller) of a specific transaction.

Escrow

Trust is a step in the home buying or selling process when a neutral third party has something of value (often the buyer’s surety check) during a real estate transaction. Once the transaction is completed during the closing period, the third party will release the funds held during the escrow.

Fixed-rate mortgage

A fixed-rate mortgage comes with an interest rate that remains the same for the life of the loan, giving the borrower more predictability and stability for the life of their loan. It is one of the most common types of loans available and is preferred by many consumers due to its long-term reliability.

Adjustable-rate mortgage

Adjustable-rate mortgages have interest rates that change periodically. A home buyer with an adjustable-rate mortgage may start with lower monthly payments than a fixed-rate mortgage, but varying interest rates mean that monthly payments can increase later.

Home inspection

A home inspection is a non-invasive examination of the condition of a home and is often performed in connection with the sale of that home. These are typically performed by a professional home inspector who has the proper training and certifications to handle the inspection.

After the inspection, the inspector provides the client with a written report of the findings, which the client can use to make informed decisions regarding the pending purchase of the property.

List

A listing is a written agreement, contract, or arrangement for the marketing and sale of real estate through a real estate broker or agent for a specified period. It gives an agent the exclusive authority to handle the sale of the property in exchange for a fee or commission for the services of the property.

Offer

In the real estate business, home buyers must offer Houses For Rent In Karachi

Houses For Rent in Bath Island is the property they want to buy. An offer can be for the total list price of the home or what the buyer and agent consider fair market value for the home. Buyer’s agents are responsible for submitting the formal offer in writing before sending it to the seller’s agent. If the seller chooses not to make a counteroffer, he can immediately approve the request, making it a purchase contract.

Homeowner’s title insurance

Due to various possible “defects” in the title, title insurance is insured by both home buyers and their lenders. This insurance covers them if another party claims a residence, there are problems related to counterfeiting or fraud against a landlord or difficulties related to deeds arise. As described in an Inman News article, it is pretty rare for a title insurance claim to be made, but it can happen. That makes this insurance protection essential, as it can provide new homeowners with peace of mind. You can read the following article with detailed information about Homeowner’s Title Insurance.

So, these are some of the terms you need to know. These terms will not only help you with your dealings but also broaden the horizons of your knowledge. Give these terms a read and give your feedback in the comments section below.

Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.


Real Estate Terms You Need To Know About

Friday, 04 March 2022 by feeta_admin
Working in real estate involves having excellent communication skills. A big part of learning about real estate comes from having a deep understanding of real estate basics and terms. As a real estate investor, you will likely spend most of your time addressing real estate-related questions from home buyers and sellers. After all, the job
  • Published in Famous Real estate terms, International, Real Estate, Real Estate Guide, real estate terms, Real estate terms in Pakistan
Places-to-Find-Offices-in-Islamabad

Places to Find Offices in Islamabad

The federal capital of the country – Islamabad is known for its picturesque localities and awe-inspiring scenery. However, natural beauty is not the only thing the city is known for, as it also serves as a major economic hub for the country. The city’s GDP in the previous fiscal year amounted to almost $ 2.86 billion, showcasing the city’s immense potential for entrepreneurship.

Being one of the safest cities in the country, Islamabad attracts millions in terms of real estate investment every year as businessmen and entrepreneurs flock to the city for successful business. However, before starting a business in the city, the first step is finding a suitable office space that reflects your business’s values ​​and ideals. To help you find the right office space, we shall provide an in-depth analysis of the best places to find offices in Islamabad.

What Makes an Office Space Good?

Finding an office space is a simple task; however, the actual predicament is finding one that offers all the essentials required to turn it into a functioning business. Some may lack basic facilities, while others may ask for exorbitant prices. Finding the right balance between simplicity and luxury is key. The following are some of the must-have features for any good office space.

Structurally Sound – An office building should be structurally sound as office spaces tend to accommodate a large number of people, along with the inventory. Ensuring that the building is well-built and offers safety in terms of structure is of utmost importance.

Utilities – An office space should have functional amenities such as a water supply, central heating system, working elevators, restrooms, parking areas, and emergency alarms. An office space without these services will only bring dissatisfaction and discomfort among employees.

Security – An office space should be located in a secure environment where employees feel safe while working. Moreover, the office itself should have security systems such as CCTV cameras and smart locks to ensure important data and hardware remain safe.

Best Places for Offices in Islamabad

The city is not short of excellent office spaces. However, to find an office for rent in Islamabad, the key is to look for office spaces in the city’s largest commercial hubs, as these areas already have an abundance of commercial properties available. There are several business hubs already present while a few more are still underway. With such a wide variety of corporate offices available, we have listed down some of the best areas to help you make the right decision.

Blue Area

The city’s largest business district – Blue Area is a 5-kilometer strip located in the center of the city, housing all sorts of businesses ranging from corporate offices and hospitals to restaurants and cafes. The business hub is said to be a major contributor to Islamabad’s overall GDP. Several prominent towers such as Centaurus, Saudi-Pak Tower, Telecom Tower, and Islamabad Stock Exchange define the skyline in the area.

Finding an office in Blue Area is sure to bring success to your business since the whole area generates immense traction throughout the day. The area offers several services which benefit offices extensively. Several Metro Bus stations run across Blue Area, with Stock Exchange, PIMS, and 7th Avenue Metro Bus stations directly in the middle of the business enclave. This provides workers with decent public transportation options, easing their work commute. Moreover, a food street runs right through Blue Area, offering an area for relaxation during lunch hours.

With the city catching up to innovative ideas, several coworking spaces are also available in the business enclave. A co-working space is perfect for new start-ups and freelance workers that require an office space but cannot afford to rent a whole office.

Blue Area has seen continuous development, with new office buildings underway and old ones being renovated, making the possibilities of finding an excellent office space endless. As the New Blue Area is under construction, ample opportunities for finding offices for sale in Islamabad are available, meaning you can choose the right office space for your business based on your needs and capital with ease.

DHA Islamabad

Defined by luxury and elegance – DHA Islamabad is one of the most upscale localities, well-known for its serene environment and extensive commercial activities. The housing scheme is home to several commercial projects such as the Giga Mall and Florence Gallery.

DHA is divided into several phases, and phases 1 and 2 are the most popular in terms of commercial activity. The Central Park in Phase 2 is dotted with several restaurants and cafes while the surrounding area hosts other types of commercial activities.

Due to society’s immensely developed infrastructure, businesses attract millions in terms of investment allowing them to flourish with ease. Moreover, DHA’s ideal location on Islamabad Expressway gives it an edge as it connects society with the rest of the city. The area offers several types of corporate office spaces that you can avail of based on your needs and capital, ranging from high-rise buildings to megamalls. With an office space in a locality such as DHA, your business is sure to be a success.

Bahria Town Islamabad

One of the oldest gated communities – Bahria Town Islamabad serves as an embodiment of luxury living in the city. The housing society is known for its upscale living standards and high-end amenities. However, along with these profuse services, Bahria Town offers a thriving business district where businesses reach new heights. A few prominent commercial projects that are currently underway are the Mall of Islamabad and V8 Mall, set to redefine the business district of the society.

With an ideal location on the Islamabad Expressway, the society is easily accessible by residents in other parts of the city. Moreover, several public transport options are also available on this route that makes commuting easier for workers.

The society’s designated commercial areas offer luxury office spaces that are lain with intricate interiors and contemporary infrastructure, truly befitting for your business. Most of the corporate offices Islamabad offered in Bahria Town are situated in high-rise buildings and business plazas that are dotted throughout the society’s designated commercial areas. With an office in such an extravagant locality, your business is sure to boom.

Gulberg Islamabad

A city within a city – Gulberg Islamabad is one of the most sought-after projects, constantly setting the benchmark for comfortable living. With its serene environment and opulence-filled services, the society has much to offer, and its business district is set to become one of the city’s greatest economic hubs.

With recent infrastructure developments and the completion of the Gulberg underpass on the Islamabad Expressway, accessing the locality has now become easier than ever. The society is further divided into Gulberg Residencia and Gulberg Greens, both providing designated commercial areas dotted with several corporate offices.

Several commercial projects are situated in the society while more are underway such as Mall of Gulberg Islamabad, The Magnus Mall, and Gulberg Arena Mall. These projects feature commercial properties and offices for rent in Islamabad. Office spaces in these commercial projects are sure to make your business flourish.

How to Find and Book Offices

Now that you know the best places to find office spaces in the capital, the next step is knowing how to find these offices and book them for your business. To ease your predicament, Pakistan’s first online real estate market – Graana.com is here. Through the Graana App, you can look through several commercial properties in Islamabad and find the perfect match for your business. For more information, visit Feeta.pk.


Places to Find Offices in Islamabad

Thursday, 03 March 2022 by feeta_admin
The federal capital of the country – Islamabad is known for its picturesque localities and awe-inspiring scenery. However, natural beauty is not the only thing the city is known for, as it also serves as a major economic hub for the country. The city’s GDP in the previous fiscal year amounted to almost $ 2.86
  • Published in co-working space, co-working space in Islamabad, International, office space, Offices in Islamabad, Places to Find Offices, Places to Find Offices in Islamabad, Real Estate
Difference-Between-Buyers-Market-and-Sellers-Market

Difference Between Buyer’s Market and Seller’s Market

Would you like to buy or sell a home at the best time of the year? Despite the fact that certain seasons may be busier than others, fluctuations in the real estate market are much more affected by supply and demand than by the time of year. Looking at the housing market is one of the most important things to look at and pay attention to whether you are in the market of a buyer or seller in your local area.

Everyone wants the best deal on a new home, but it’s not always easy. After the COVID-19 pandemic, prospective homeowners found it difficult to answer the question, “Why are houses so expensive nowadays?”.

To save on a new home and avoid spending too much on the mortgage, wise homebuyers try to time their purchases around the buyer’s markets.

When buying a home, it is important to know the difference between the buyer’s markets and the seller’s markets. Let’s find out more with this blog.

What Is A Buying Market?

Buyers ’markets occur when more homes are sold than buyers are available. It means that more homes are listed for sale than there are buyers. A buyer’s market often refers to the state of a market where there is relatively more inventory than demand.

Lower home prices are an indicator of a buyer’s market. A seller’s home will often sell around the list price or even less in the buyer’s market. You can’t raise your asking price much without getting buyers to look at comparable homes offered by other vendors in your neighborhood.

Due to the volume of competition, sellers are at a disadvantage. Many sellers decide to accept a lower selling price instead of waiting for the right buyer to come.

Apparently longer than average time on the market is another sign of the buyer’s market. It’s probably a buyer’s marketplace if the counters aren’t replaced by sold-out signs as you drive through your neighborhood. There is little chance of seeing a bidding war on a house on the market. With so many homes available, buyers are unlikely to spend more than the asking price.

What is a Vendor Market?

During the seller’s market, the number of buyers cancels out the number of available homes on the market or when there are more buyers than available homes. A single property often attracts multiple buyers, resulting in a bidding war. Selling your home in the seller’s marketplace can be a great choice because you can get a higher selling price than your list price, or at least more than your lowest price (the lowest price you’re willing to accept for your home).

Be aware of the seller’s advantage when you buy a home in the seller’s market. The advantage of getting a lower sale price on a property that other buyers are interested in is unlikely if other buyers are also interested.

An offer made by a competing buyer could cost you the opportunity to purchase the property. The seller’s market is sometimes referred to as a tenant market because sometimes prospective buyers have to keep renting until they can raise their down payment and compete with other buyers.

The market for Buyers or Sellers? Find Out With These 4 Tips

The market of a buyer or seller can be determined without being an expert in real estate. The easiest way to tell is usually by looking at current and recently sold listings.

The buyer’s market has the following characteristics

  1. Home sales are slowing
  2. The homes are sold for less than the list price
  3. The domestic price index is declining
  4. There are many homes available for sale

The seller’s market has the following characteristics

  1. Houses are selling fast
  2. The home sells at or above the list price
  3. The price of homes is rising
  4. There are not many homes for sale

Some Tips for Buyers

When there is limited housing and many buyers are interested, time is of the essence.

  • The seller’s market is a great time to act fast if you find your dream home. Those who are hesitant about a house they want to buy may find that it is no longer available until the time they are ready to negotiate. Getting pre-approved for a loan before you need it will secure financing.
  • Make sure you know you’re at a disadvantage before you bid. There is no need to press for specific closing dates, concessions or contingencies in the vendor market. Make sure you focus on what is important to you. Make sure you think twice about the terms you want to be written into the contract. Make a full cash offer, if possible. Because cash buyers do not have to deal with financial problems, sellers prefer them.
  • Having patience is key when you continue to lose the homes you are interested in. Don’t be discouraged if you continue to lose homes you are interested in. Frustrated buyers end up suffering in the seller market. Many inexperienced bidders engage in supply wars to get the home they want, even if the home is not worth much. That’s not a good idea.
  • If you are tired of losing, you may end up making an offer for a home that you would not normally be interested in. Property ownership is an investment and often a 30-year commitment. Don’t get sucked into a cheap house. You’d better wait until the market cools down before you start your home search.

Some Tips for Sellers

To increase interest in your property in the seller’s market, you will need to compete with other sellers.

  • Before you market or display your property, make sure your home is clean and organized and in good condition.
  • The price of a home tends to rise in the seller’s market, but the price of your home is still relatively helpful. You are more likely to attract buyers if you lower your asking price slightly below the fair market value. It is common for sellers to list their homes slightly below their estimated value to encourage bidding wars.
  • Examine offers carefully: In a seller’s market, it is even more important to consider offers carefully. In their search for the highest bid, sellers often ignore the financial strength of the buyer. If buyers say they will pay a certain amount, that doesn’t automatically mean they can get the money. The appraised value of your home cannot be financed beyond that.
  • Your last resort should be to accept an unrealistic offer and then have to resell your home when the deal hits. Buyers will have more power during a negotiation when your house is on the market longer.
  • Make sure that every buyer who requires financing is pre-approved for a loan. When buyers receive pre-approval, their credit and finance are checked, ensuring that they can get a loan for a specific amount. The prerequisite, however, is only an estimate of a buyer’s finances.
  • Observe contingencies: Also be aware of offers that include contingencies. In the event that certain conditions are not met, buyers may withdraw from sales contracts, including mortgage contingencies, home sales contingencies, appraisal contingencies and inspection contingencies.

Summary

Knowing where the market stands is helpful when buying or selling property. There is less competition for buyers in the buyer’s market when there are many homes available. On the other hand, a seller wants to list his house during the seller’s market when there are fewer properties for sale and a high number of interested buyers.

It is still important to hire a property, regardless of the market conditions in your area. A real estate agent can put you ahead of your competition, regardless of market conditions.

Choosing the right time to buy a home can be a major challenge. In the seller’s marketplace, you will notice that homes disappear almost immediately after being listed. To avoid losing what could be your dream home, you should be pre-approved as soon as possible instead of waiting until the last minute.

Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architecture and Interior Design.


Difference Between Buyer’s Market and Seller’s Market

Sunday, 09 January 2022 by feeta_admin
Would you like to buy or sell a home at the best time of the year? Despite the fact that certain seasons may be busier than others, fluctuations in the real estate market are much more affected by supply and demand than by the time of year. Looking at the housing market is one of
  • Published in International, Investment, property, Real Estate, Real Estate Guide, sellers

14 Red Flags to Avoid When Buying for Investment Properties

If you want to diversify your investment portfolio, real estate is a great choice. The benefits of investing in real estate can be significant. However, it is important to make sure that you are buying the right one, as your chosen investment property can either make or break your success.

So, whether you’re a new real estate investor or an industry veteran, it’s essential to be mindful of anything that can cause you problems in the long run. To make a well-informed choice, you can get help from professionals or remember the following red flags:

1. Bad Smells

Mold is not the only factor that could contribute to bad odors within some investment properties. A rotten egg odor can indicate a serious problem with your source system.

If you smell gas, you can call the local gas company to inspect the property’s pipes for leaks. Even the smell of a dead rat should raise a red flag, as that means there is a possibility of a pest infestation, which is great not for investment properties.

2. Fundamental Topics

Another red flag to avoid when buying your first investment property is fundamental things. Remember that you should not miss inspecting the crawl space or the basement of any property.

Fallen walls, cracks in the foundation, or water leaks in the basement are some of the things that are expensive to repair. So, it is best to check for such issues before signing the agreement.

3. Questionable History Of The Property

Any history of extensive repairs is a warning sign for investors, as they can be costly after they need to be repaired in the future. If the seller’s disclosed package does not provide enough details on the subject, it is wise to ask for real estate for further details.

When investing in any property, you may want to know about its surroundings and former residents. Several buyers will take less of the property if it was the site of an incident or crime.

You should also check the market history of the property. It can be a red flag if it sits on the market for a long time. There’s a reason why it hasn’t been sold yet, and as an investor, you should know the real reason behind it before you finalize your decision.

Also, do not buy a property with a history of multiple homeownership expenses. It is because there may be a problem with the property that its previous homeowners decided to sell it. To find out more about the cost of homeownership, check online or get help from professionals.

4. Faulty Electrical System

Dangerously wired electrical systems should be taken seriously, no matter how ready you are to invest in a property, as it may not only pose a detrimental threat to your property but also to you. Therefore, be sure to test the electrical capacity of the property before you agree to purchase it.

Connecting several devices at once should give you an idea of ​​the ability of the investment property to produce energy safely. To thoroughly examine the electrical system, a professional electrical technician can assist you.

5. Structural Problems

Even if it is difficult to spot the structural problems of an investment property, there are some signs that you can check. Look for any cracks in the masonry or plaster as they could be a sign of something serious.

For example, cracks above the windows or doors could indicate failed sills or some structural problems that could be costly to repair in the future. Some signs of structural problems include uneven floors, sloping walls, and roof leaks.

6. Cosmetic Corrections

Quick fixes can make things better than they seem. However, they can be a sign that you will not be able to get what you pay for.

For example, if you see a freshly painted wall, it may be a sign that the previous homeowners are hiding something. Most often, a freshly painted wall or ceiling could mean that there was water damage or mold problems.

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A nice, set interior can also distract you from the problematic exterior. Therefore, if you don’t want to deal with the hassle, take care of the cosmetic corrections of the property.

7. Locked Doors

If there are locked doors on your preferred investment property, never agree to buy it unless the owner gives you access. Maybe it’s something the owners don’t want you to discover or see. In some cases, it’s as innocent as the owners don’t want you to see their valuables or stockpiles. However, other owners could hide the damage.

Buying real estate should never be a gamble. That’s why you need to make sure you have all the information before you agree to sign the contract.

8. No Licenses For Work Done

It is recommended to review the 3R report of the property, it provides information on the work done by the owners to improve the property. For example, if the seller claims to add a new cover, it should be in the report. If it is not, there is a chance that the deck was built against the code and may be insecure.

Although there are aspects where permission is not required, such as changing windows or redoing a roof, it is still important to check the permits for major electrical and structural work. That way you will know whether or not the work has been done correctly and in accordance with the law.

9. Bad Plan

Various project problems can make it difficult to rent a property. For example, if you have a three-bedroom farm, but one of the bedrooms is very small, it may be a disengagement for your potential tenants who are expecting full-size rooms.

Small bathrooms or kitchens can be another problem. Few closets in a home can drive away potential tenants. Although a bad floor plan is not often terrible, it can still limit the property’s income potential.

10. Listing Photos And Descriptions That Don’t Match Reality

Creative photography can quickly disguise problems you never knew existed until you stepped into the house. Make sure you always take a personal walk before bidding to see the condition of the property, especially with your first few properties.

It would be more skeptical if the list has no photos or was limited and missing external photos. Remember that just because the outside of the home looks tidy doesn’t mean the inside is in good shape.

11. Seller Is Intimate About The Sale

If you come across a salesperson who seems to be afraid that you will not make a good offer or that you will withdraw from the sale, this is an indication that you are dealing with a major problem. It doubles for anyone who is secretive about the parts of the property covering the walls with heavy curtains or denying you access to separate areas. There may be damage from fire or water that they are trying to hide.

The best thing you can do to examine the property thoroughly is to hire an inspector. They can help you negotiate the price down based on what you find out from the inspection results.

12. Amateur Work

Another huge red flag to avoid is amateur work. If an unlicensed contractor worked on the property and did not know what they were doing, the result could be detrimental and unstable. Additionally, if they have been working on electrical or plumbing, it can result in insurance and safety issues.

Keep in mind that poor plumbing and electrical work can result in problems such as fires or pipes, causing more damage to the property. So, if you notice amateur labor in your favorite investment property, better proceed with your other options to save your time and money.

13. Sale Price Seems Too Low Or High For The Area

If the price seems too good to be true, it probably is. If the property is cheap for the area, there is probably something wrong with it. There are no incentives to sell properties below market value unless there is a big reason behind it. On the other hand, if you are dealing with overpriced properties, you may have a homeowner who has a biased perception of their property.

To find out if the property is less expensive or overpriced, consider hiring real estate professionals to get the prices of similar homes in the area.

14. Bad School District Or Neighborhood

An unpleasant neighborhood is another red flag to avoid when buying investment properties. Note that you can change almost everything about the properties by renovating them, but you will never have the opportunity to change the location.

If the property is located in a location with an undesirable school district or a high crime rate, you may find it difficult to attract potential buyers. The same can be said if the property has location-specific problems or is located in a flood zone. To avoid problems with location, it may be best to do your research in advance.

Tips For Choosing The Best Investment Properties

Regardless of the reason why you are buying investment properties, it is always a good idea to invest in the best possible properties available in the market. This will not only help you enjoy more profits in the future but will also help you reap the rewards of your hard earned money.

If you want to choose the best investment properties, here are the tips to consider:

  • Choose The Place Carefully

When looking for an investment property, keep in mind that the value you can get from your investment will depend on how desirable your chosen property looks to your potential tenants. Basically, location is the key.

People tend to look for housing close to work to avoid the hassle of commuting, which means that real estate close to the cities is in demand. While some prefer properties near school districts and other establishments convenient for their lifestyle. So, try to look for investment properties near the city.

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If you don’t know how to start your hunt for investment properties, check online or work with experts who can provide you with options on the best places to consider for your investment. With this, you will be able to find the right deal for your investment purposes and enjoy more profits in the future.

  • Avoid Extracurricular Properties

Often, extraterrestrial features are built simultaneously by the same developer and have similar or identical designs. Because they are very similar, they are much cheaper to build. It means they are cheap to buy. However, they may seem like an advantage, but only in rare circumstances.

By nature, extraterrestrial properties lack scarcity. They are usually put together and tend to go to market at similar times after the construction is done or the rentals expire. Given this, it can be a challenge to take advantage of the amenities and location that the property offers. In addition, it will not be easy to attract tenants due to the high competition from the landlords.

  • Take Time To Explore The Area

Before making any investment property, make sure you understand the neighborhood. It is especially essential if you are considering buying property in a place with which you are unfamiliar.

Explore the area’s real estate market, such as rental rates, average rent, and home sales details. Find out if there are major development plans in the works, including large office buildings, factories, new apartments or commercial complexes.

New construction can affect the value of the investment, and it’s best to research ahead of time rather than discover a bad surprise before you recoup your investment. The planning office of the council will provide you with details of upcoming projects, and you may want to spend more time researching other sources as well.

Enveloping

Real estate is definitely a key component for any investor who wants a diversified portfolio. However, you should keep in mind that not all investment properties are good. While some are profitable, others are money-making.

To be a successful real estate investor, be sure to remember the red flags mentioned above when buying investment properties. This way you will be able to choose the best investment property that will provide you with the best value for investment.

Stay tuned to Feeta Blog to learn more about Pakistan Real estate.

14 Red Flags to Avoid When Buying for Investment Properties

Monday, 03 January 2022 by feeta_admin
If you want to diversify your investment portfolio, real estate is a great choice. The benefits of investing in real estate can be significant. However, it is important to make sure that you are buying the right one, as your chosen investment property can either make or break your success. So, whether you’re a new
  • Published in International, Real Estate, real estate investment, Real Estate Investments
5 Common Masters Insurance Tips and How to Avoid Them

5 Common Masters Insurance Tips and How to Avoid Them

As an investment property owner, you should also know the most common homeowners insurance policies when renting or renting property. As these are the most frequently cited reasons for insurance claims by owners, they also relate to the most common causes of damage to wolf property. They give an idea of ​​what dangers pose the most common risk to property investments.

Whether you choose to pay in advance for repairs for damage to your rental property or you pay insurance premiums, you are required to pay expenses anyway. It is best to know more about these dangers and risks so that you can take steps to avoid them. Here are some of the most common causes and reasons for landlord insurance claims. Suggestions on how to minimize or avoid them are also given.

1. General Responsibility

General liability coverage is one of the areas covered by homeowners insurance. General liability is triggered when, for example, a tenant, guest or visitor is damaged or injured on the leased or leased property. The most common events that result in a general compensation claim are slips, trips and falls.

If a person slips due to a pile of ice or snow on your property and breaks a few bones, an owner will most likely reimburse the hospital and medical expenses. General liability can help pay for some of the injured person’s medical expenses and hospital bills.

If you would like to avoid or at least minimize these kinds of incidents and claims, you should take the time to remove any hazards on your property on a regular basis. Examples of hazards include slippery wet surfaces, large tree trunks or branches obstructing paths, or rusting handrails and iron bars protruding into common areas or footpaths.

2. Loss Of Income

Loss of rental income is among the main reasons invoked or used in claims by insurance owners. Observers from the insurance industry say there have been years when it has covered more than half of the claims of insurance holders. This happens when you have lost tenants or when you have had difficulty finding new tenants.

You can avoid losing tenants or having unoccupied rental properties by making sure your rentals are always in good condition and safe. You should check your properties from time to time to eliminate or mitigate the risk of possible damage.

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Other common causes of loss are economic recessions and financial crises. Unemployment is inevitable during these times, and this can lead to people losing their homes or relocating to cheaper alternatives.

3. Water Damage

Another common ground for claiming rental insurance is coverage for water damage.

Plumbing is mostly hidden under concrete. Most of what you see are joints under sinks and toilets. When there is a faulty plumbing in your property, it can continue to leak under the concrete and you wouldn’t even notice it. You will only begin to notice it as small mounds or cracks on the concrete slabs. Even when the tap is closed in the bathroom, drops of water may seem to escape between tiles. This can eventually lead to mold or further damage.

Have a plumber inspect your property’s water pipes periodically to avoid water problems. You must also include terms and conditions of the tenant’s liability if the water damage is due to his negligence or negligence.

4. Damage From Hurricanes And Storms

Many of the southern and solar states are vulnerable to hurricanes and storms. Some states, such as Louisiana and Texas, have experienced severe flooding in recent years. Florida has always been hit by hurricanes and storms. Even Ohio and Kentucky were hit by devastating tornadoes.

These natural disasters and disasters can cause severe damage to properties. While some extreme weather disruptions and strong hurricanes can cause unavoidable damage, there are ways you can minimize them.

You can check your gutters, downspout and gutters before a big hurricane to make sure they are all good and untidy. This can help the free flow of rainwater on your roof and minimize the damage to it. The average cost to install a new roof will cost you another $ 18,800. Taking these steps can save you a lot of money.

5. Damage Caused by Fire

In addition to the common causes of damage invoked in landlord insurance claims, another type of claim is for fire damage.

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There are things inside a home that can ignite a fire and even destroy your rental property to the ground. Some of these are electrical malfunctions and malfunctions of home appliances. Candles left burning near combustible or highly flammable materials can also burn your property. Everything owned by the owner within a property will be covered by owner insurance, but not the personal property of tenants. The building itself should be covered by construction insurance separately.

Conclusion

As a wolf owner, know and understand the most common hazards and risks to your property. If you can minimize or avoid the risk of damage to your property, this will also reduce the out-of-pocket expenses you have to pay for the repairs. If you already require insurance coverage, this would tend to raise your premiums during renewal because you now have a high-risk profile.

Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.

5 Common Masters Insurance Tips and How to Avoid Them

Monday, 03 January 2022 by feeta_admin
As an investment property owner, you should also know the most common homeowners insurance policies when renting or renting property. As these are the most frequently cited reasons for insurance claims by owners, they also relate to the most common causes of damage to wolf property. They give an idea of ​​what dangers pose the
  • Published in insurance, International, Real Estate, Real Estate Investments
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Best House Design 15 X 45 – Youtube 15*45 Duplex House Plan Picture – House Floor Plan Ideas

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Hidden safe room in the kitchen island!

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INTERIOR CRAVINGS MINIMALIST HOME ESSENTIALS MATERIALS AND COLOR PALETTES ROOM IDEAS AND MINIMALIST DECOR INSPIRATION 2

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5 Marla House Design In Lahore | 5 Marla Beautiful House With 3 Bedroom For Sale At DHA Lahore – YouTube

5 Marla House Design In Lahore | 5 Marla Beautiful House With 3 Bedroom For Sale At DHA Lahore – YouTube

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5 Marla House Design in Pakistan

5 Marla House Design in Pakistan

Source: sekho.com.pk

Pin #700169073308717029

Source: realtec.top

What Do You Think About This Fascinating Home Interior Design?

Source: apartementdecor.com

A house is a blessing where one relaxes and spend free time so it should be designed perfectly according to one’s own taste and should reflect owner’s personality. Below are…

A house is a blessing where one relaxes and spend free time so it should be designed perfectly according to one’s own taste and should reflect owner’s personality. Below are images of 5 Marla, 10 Marla and One Kanal beautiful and luxurious houses in Pakistan. The interior and exterior of these houses is lavishly designed … Continue reading 5 Marla, 10 Marla, 1 kanal luxurious house pictures →

Source: saibanproperties.com

Pin #700169073308716990

Source: behance.net

Pin #700169073308717051

Source: heavenlyhomediy.club

Silvery blue grasscloth wallpaper and ombré drapery make the dining room cozy. | Photographer: Alex Lukey | Designer: Erin Feasby & Cindy Bleeks, Feasby & Bleeks Design

Silvery blue grasscloth wallpaper and ombré drapery make the dining room cozy. | Photographer: Alex Lukey | Designer: Erin Feasby & Cindy Bleeks, Feasby & Bleeks Design

Source: houseandhome.com

Top 50 Best Hidden Door Ideas – Secret Room Entrance Designs

Top 50 Best Hidden Door Ideas – Secret Room Entrance Designs

Source: nextluxury.com

Pin #700169073308716982

Source: behance.net

hidden room under stairs

hidden room under stairs

✔ Dream House Secret Passage Room Ideas house home

✔ Dream House Secret Passage Room Ideas house home

Source: o3.newdiyart.com

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