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Karachi is one of the busiest cities in Pakistan. It is one of the reasons that Karachi is home to one of the expensive real estate markets throughout the country. Owing to the recent urbanization outrage taking place in the city, there has been a drastic increase in the overall diversity and value of this sector in Karachi.
The city is known to be home to many people. The multiple residential options like apartments are very common in every area within the city. However, the practice of another trend is getting common in the property market where people sell their houses to different portions. It is getting quite common in some of the popular areas of Karachi like Nazimabad, PECHS, Gulistan-e-Jauhar, North Nazimabad, Federal B. Area, and Gulshan-e-Iqbal.
A lot of Karachiites who see this as a prospect opportunity to build their assets question the benefits and cons of having a portion in Karachi. Therefore, this blog is dedicated to all the readers to discuss the positive and negative aspects of it so they may make a decision wisely. Make sure to stay on this blog till the end to have all your questions answered!
House Portion Benefits:
There are a few common benefits of owning a portioned house, as discussed below:
• An inexpensive option in terms of investment
It is seen commonly that portioned houses or house portions cost almost half or even below the actual value of the house. It is an inexpensive option in terms of investment since the value of the cost is low and residents of portioned houses get to enjoy the same benefits as that of a full house like wider space and a peaceful environment. Even now, people prefer to have space in house portions than in an apartment, which is usually near but not in-between commercial areas.
• Embracing community living
For people and families who actively look forward to socializing with neighbors, house portions provide an ideal surrounding for embracing community living. By living under the same roof and sharing common outdoor gates, many families should have an equal share of networking. Moreover, families living in a secluded environment or preferring to live alone in the entire house might not have similar community life like that for families in house portions.
• A sense of more security
Living in a house portion tends to give more security than a family living all by themselves. In this manner, all of the property will never have a threat because anyone from the shared space could easily keep an eye on your belongings while you are out somewhere. Some families living in house portions take the extra safety measure and install CCTV for making a safe environment for themselves and others living in the same portioned house.
• More facilities in less cost of maintenance
It is another benefit of living in a house portion that there are more facilities with less cost of the maintenance. This implies that all the costs related to interior and exterior renovation, dealing with the installation of an advanced piping system, taking care of seepage is more or less divided among the families living in the same portioned house.
Disadvantages of Living in a Portioned House :
Now that we have discussed the benefits of living in house portion, let us explore the flip side of it with its disadvantages:
• Privacy Issues
This is one of the biggest drawbacks of living in a house portion if you prefer your family to live privately. Having access to multiple common areas including the terrace or the lawn, privacy issues are likely to emerge if you do not want external intrusion or interference. The fact that privacy issues are one of the probing factors makes it complex for families to live in portioned houses.
• Distributed Utility Bills
Normally, it is assumed to be a good thing to have distributed utility bills across the entire house for all the portions, but in reality, it’s not. One of the disadvantages of owning and living in a house portion is that it puts the extra burden for anyone having a small family, yet puts their equal share in the utility bills. Also, the energy consumption would be more for a big family living in a portioned house but since there are equally distributed utility bills, it sets as a disadvantage for a small family to live in a house portion.
• Problems related to Car Parking
A house has the capacity of parking one or two vehicles inside the house. This means that all the other residents owning and living in the house portion would have a hard time putting their vehicles inside the house and will end up parking on the street, which is still not as safe as parking in the house. If the problems related to car parking emerge regularly in a portioned house, it would be a nuisance and the complex situation of settling in!
So, there you have it! All the benefits and disadvantages of living in a house portion might help you decide and make a wise decision regarding owning a house portion or not.
Please share your comments below and let us know your thoughts!