by Saad Awan

 

 

 

 

 

 

 

Loaf, cloth and home are basic needs of mankind. Owning a home is the dream of almost every human being on Planet Earth but most people spend their lives in rental homes, Apartments, Villas, Condominiums etc, and couldn’t make their dreams come true.
In order to own a dream home we need to make a mindset and organize the income accordingly.
why choose developing areas.

 

 

 

 

 

               The biggest obstacle to owning a home is unfriendly budget planning. For instance, someone who lives downtown and his or her sources of income wouldn’t be allowed to buy a home there. Instead, he or she can easily afford a home in the suburb’s developing areas, whereas prices are increasing rapidly compared to downtown but people refuse to buy an asset and spend their money into liabilities.

The developing areas are hidden gems in Real Estate.

Developing areas are cheaper than developed areas and increase prices much faster it is commonly Eco-friendly and has a calm atmosphere and climate, especially for people who want to get rid of noises. From a real estate aspect, developing areas have more opportunities for buying selling and constructing. Sometimes we see that  certain infrastructural developments like hospitals, college, school, park, zoo, bridge etc can cause price boom of neighborhood, whereas  in old areas these developments are mostly made before. After all, if you are still determined to buy  a property in a developed area and don’t have enough budget, you can go with the developing area first and then switch to the desired one. “Don’t wait to buy land, Buy land and wait. Find out where the people are going and buy the land before they get there.” Will Rogers

Buy Property on installment.

Many people aspire to own a home. Buying property in installments is a popular trend in the property market. It is a great way to build equity and eventually own your home. But it can be quite challenging. The process of buying property on installment can be confusing, and the financial implications are not always clear. However, with some research and planning, you can find the right home for you and take steps to make your dream a reality.
Off-Plan vs On-Plan Property.

Buyers have two choices when purchasing property on installment, off-plan or on-plan.
Off-plan also called Off-ground properties, are properties that are not yet demarcated, built or completed, only visible on the layout plan paper, and can’t be seen onsite.  buyer pays for them in installments over time. Off-plan properties are cheaper but they are not ready for occupation yet.
On-Plan properties also called on-ground properties, are properties that have already been demarcated, built or completed and the buyer can pay for them in one lump sum.
On-Plan properties are more expensive but they are ready for occupation and buyers can move in as soon as they buy the property.
Which type of property is better?

It depends on what exactly the purpose of buying property is. if someone wants to make an investment then off-plan is to go with, but keep in mind that it is a high risk, high reward type of investment. on the other hand, if buyer intends to live or build home  as soon as possible. Then choose on-plan property.
Always go with a well-reputed Builder & Developer.

Most people buy property with their hard-earned money of whole life, so please calm down, think over and over again before jumping into any deal, and choose wisely whatever you do.

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