In Pakistan, one of the best ways to earn passive income and accumulate wealth is real estate, even with this rising inflation. Properties with good resale value in Pakistan offers a high-yielding ground for investments, both for locals and foreigners alike.
According to a news report, Pakistan has progressed one spot in the Belt and Road Infrastructure Development Index (2021) and claimed 5th position globally in infrastructure development. And, according to the Pakistan Bureau of Statistics, the real estate market value is between $300 to $400 billion, about 2% of Pakistan’s total Gross domestic product (GDP).
There are several factors that play around real estate investments in this 7th largely populous country… including buyer’s interest, the demand of the neighborhood, property taxes, legislation, and some others.
One of the significant factors that matter the most in evaluating the value of a property is information… how well you’re informed about the latest trends, recent developments, neighborhoods, properties/neighborhoods with rising value, (also the re-sale value), and everything in between.
The investors do evaluate the resale value of their property. Before buying or selling, they consider the potential monetary value of the property they invested in as this property later is the source of their future saving.
If you’re an experienced realtor, investor, or buyer, you will definitely look for the resale potential of the property. If not, then it’s high time to consider the resale value of your investments.
The highly valued property will always have particular profitable regain after the sale or even while purchasing. The investor will ensure it will pay him off at the time of need. Those who invest do remember the fact that it will not lose the property value.
In this investment guide, we will highlight all the signs that a property may hold a good resale value.
Properties with Good Resale Value
A property’s resale value is its estimation of its future worth. Many features should be looked forward to, taken into account, and pointed to its future reliability. Some of the factors include the size and layout of the property, energy efficiency, historical appreciation, location, improvements, maintenance, overall age, and present condition.
With these, we should not overlook the external forces, including economic instability, inflation, change of policies, and other macroeconomic forces.
Generally speaking, commercial properties tend to have higher resale values than residential properties, since they are used for a variety of purposes and have a longer lifespan than residential ones. However, the resale value of a particular commercial property depends on these determinants.
Location
Well, the most fundamental factor that increases the proximity of the resale value is the location. So, if you’re looking to invest in any commercial property in Islamabad, or any other urban city in Pakistan, then ensure that the property is located in the best of the best neighborhood.
If the property is situated in a well-developed, well-maintained neighborhood, surrounded by excellent infrastructure, better facilities, easily accessible, and proximity to nearby landmarks, then the value will be more likely to appreciate over time.
Amenities
To invest in a property with the highest resale value, we should settle for the property with the best amenities.
So, before investing in any commercial property in Blue Area Islamabad, ensure that the property is equipped with basic utilities – electricity, gas, and water – closer to bus/metro stations, security, surveillance, low-maintenance cost, energy-efficient appliances, up-to-date mechanical systems implanted, availability of parking facilities and other facilities and other amenities.
Commercial Centers
Properties located in commercial hubs and corporate towers often are of great value; their prices keep increasing over time.
Investing in commercial centers like shopping malls and mixed-use buildings helps investors, businesses, and retailers to build and get connected with the business communities and different commercial business groups.
Our project, Citadel 7, the tallest corporate tower of Blue Area Islamabad, is a mixed-use building, offering retail spaces, corporate offices, and dining facilities.
So, if you’re willing to invest in commercial property in Islamabad, this is one of the golden opportunities.
Curb Appeal
Significantly, properties with well-maintained landscaping, fresh paint, and other appealing aesthetic features are more likely to hold their value. According to the study conducted by Michigan State University, a property with a good curb appeal would increase the resale value from 5% to 100%.
Hence, if you are fortunate to have a property with the best curb appeal, its value will be stable and accelerate upward.
Modern upgrades such as updated kitchens and baths, stainless steel appliances, and open floor plans tend to have better resale value than properties without these features.
So, the properties lacking curb appeal would negatively affect the property, reducing its resale value. On the other hand, if the buyer evaluates the maximum expenditure he needs to spend after purchasing the property, he would prefer buying a maintained, presentable property as it will save the hassle of additional costs.
Safe Neighborhood
If the property is situated in an area that is not safe, sound, and barren would never be preferred as people would never go for high risked area properties. As security is the most desired feature that will boost the property’s value.
The potential property should have barbed wire fences all around the property, excessive security, vandalism, protection from the gangster, and the public damaging the property by trespassing it illegally.
Most Appealing Future Secure Properties
Ultimately, we can conclude by evaluating the features like location, design structures, access to amenities, and state-of-art infrastructure highlighting whether the commercial or residential property comprising the features will enhance the worth of the property in the future.
