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Every person who has ever considered buying real estate to invest in or purchasing property to build their dream home is confused about the right type of plot. So, if you are a first-time buyer and not sure what kind of plot is best for you, this blog will be very helpful for you.
Let’s get started.
TYPES OF PLOTS TO CONSIDER BUYING
Corner Plots
Sometimes a plot in a housing society with a street corner location will have more space than a typical plot. Corner homes are capable of having two entrances and garages. A corner site is always more expensive in private house developments; by an average of 10% more expensive.
While there are many reasons why investors are constantly watching out for corner plots, sincere buyers should remember that a corner plot can occasionally reduce your comfort and privacy.
Higher House Value
The corner plot is another option for those looking to invest in real estate and profit from it. Due to their numerous advantages, corner plots are always in demand in the market.
It is one of the key reasons why corner plots are quickly sold out whenever a developer announces a new housing society or residential building. A corner site typically has greater area and more added value in the future; thus, the developers also charge more for it.
In this way, the plot has a high market value before it is allocated, which makes it more appealing as an investment. Due of the significant return on investment, anyone wishing to purchase a corner plot can do so without any reservations.
Additional Design Options
People enjoy experimenting with different home designs, while others pay architects to create the homes of their dreams.
Only those on corner lots can benefit from far more freedom in home design. This is due to the fact that they have more room and freedom to explore their original house design concepts.
The ordinary house design might not function as well for numerous homes on the same street as it does for the corner plot.
Due to the variety of design alternatives, everyone who enjoys a distinctive way of life and desires for their home to stand out on the neighborhood can search for a corner plot.
However, a word of caution—the house design must first receive the go-ahead from the relevant authorities before construction can start.
Park-facing Plots
Plots front parks are more expensive due to the lovely front view of the groomed greenery and the fact that there will never be any building facing your home. The sale price of plots facing parks is typically set ten percent to fifteen percent higher in housing developments that are unable to reach the secondary market.
The view of a lovely green space with plenty of flowers directly in front of your house is surely something worth the extra cost, even though some people are of the opinion that a residence in front of a park will see more than the usual amount of foot and car traffic.
Plots facing parks are more valuable since they have a front view that is planted and green as well as the fact that there will never be a building in front of your home. The sale price of plots facing parks is typically set 10 to 15 percent higher in home projects that haven’t yet reached the secondary market.
While some believe that a home near a park may experience more foot and vehicle traffic than usual, having a lovely green area right in front of your home is something that is worth the extra money.
Healthy and active lifestyle
Healthy activities are directly related to park accessibility. If there is a park nearby, you are probably more likely to engage in healthy activities. Parks provide opulent spaces for exercise and meditation in a peaceful setting. You become healthier and maintain your physical fitness when exposed to nature and greenery.
Spend some financial wealth to purchase your built home or a plot that looks out onto a park if you truly feel that health is wealth. Globe Estate and Builders’ real estate advisors are eager to transport you to your ideal environment. Additionally, they advise purchasing a built home or property that retains its location and faces the park.
Unrestricted entertainment
Your family and friends can enjoy free entertainment in parks. You only need a bottle of water, a few snacks and bakery items, a pair of sneakers, and you’re ready to have fun. An extra benefit is that many of your friends might reside close by, making it easy for you to organize a get-together.
As a result, the homes that face parks offer a variety of leisure options to help you integrate in with society the best. According to interviews with several seasoned real estate advisers, they consider entertainment while providing property solutions.
Plots Situated on Main Roads
Plots near the main road and broader roads are always more expensive, whether they are in the primary market or the secondary market. The price difference is typically 10% and varies from developer to developer as well as from project to project.
Wider lanes on main thoroughfares provide additional, albeit temporary, parking space outside the home and improve the comfort of turning the automobile around.
Plots Near the Commercial District
The location of your home near a busy commercial area is preferable than one that is directly in front of it. One advantage of a commercial area is that the nearest market is within walking distance, saving you money on fuel and time. As a result, plots near commercial facilities are typically more sought-after and more expensive.
WHAT TYPES OF PLOTS NOT TO BUY
Please continue reading to find out which plots offer minimal returns and, ultimately, subpar housing, and to understand when you should pass.
Plots with the water tank
A great impulse to climb up a housing society’s central water tank and take a look around the neighborhood, and many people are actually able to do that. Because there is always a chance that your privacy could be violated, plots and homes next to the water tank are less suitable for this same reason. Therefore, use caution while purchasing a property adjacent to the main water tank.
Plots facing or near graveyards
If your home is next to a cemetery, who will bother you? Near graveyards, it is almost always depressing and frightful, and people frequently share frightful tales about their personal encounters with them.
Despite superstitions, it is sort of the usual for plots close to cemeteries to be far less valuable than the rest of the neighborhood, and perhaps for the right reasons.
Plots facing schools
If you don’t have school-age children, you should make every effort to avoid purchasing anything close to a school because, believe me, having a school close to or in front of your house will be a major hassle twice a day — in the morning when students are being dropped off and, in the afternoon, when they are being picked up.
Try to avoid such schemes as the unpleasant roadblocks, oppressive traffic, and throngs of furious van drivers can ruin it all for anyone who is stopped there.
If you are looking for corner plots in Bahria Town Lahore, contact us right away. They got the perfect options for you!
