Tycoons such as Malik Riaz, Saddaruddin Hashwani and Abdul R Yaqoob are probably some of the leading industrialists in Pakistan who have profited millions by dealing in real estate and property trading. Dealing in real estate requires the sense to maneuver trade deals with sensibility and a set of skills to slash the rising prices of commodities wisely.
According to real estate tycoons, short term trades are more profitable in Pakistan, and can in turn benefit you in more ways than one. Mentioned below are 4 ways that can help you to make money in real estate in Pakistan.
1) Plots with Lesser Market Value:
It is highly advisable to buy plots that have lesser market value in comparison to neighbouring properties. This is probably due to the fact that there might be dealers who are either moving out or are no longer interested to invest in their commodity further. However, while buying a property with less market value, make sure that you analyze the buying price carefully. Make sure that you include the taxes with all of the required expenses before buying a cheap plot.
2) Consider buying latest commodities of renowned developers:
As a real estate agent or dealer, be on the lookout for new land development projects of renowned developers such as DHA or Bahria. Usually, DHA and Bahria launch their projects in prime locations and at reasonable prices initially.
It is also advisable to buy properties in bulk, especially when there are fewer commodities for sale initially and the developers expect to release a handful later on as well. Also, if the developers plan on releasing only a few commodities in a certain area, then we would advise you to invest in them as their limited number might help you to sell them off for far better prices later on.
After attaining a profit on its booking price, Bahria Town tends to decrease its prices so that the commodities can be easily paid for eventually. However, such is not the case with DHA as it might or might not decrease the extension prices.
3) Hire a good realtor consultant:
A good realtor consultant is necessary to keep an eye out on the commodity trends in the market. A realtor consultant helps you to invest in commodities that are worthwhile and might bring in a buck. A realtor consultant also helps to save you by sidelining and choosing the properties that are trending upwards in times of adversities. A good realtor consultant, therefore, has his thumb on the market pulse and knows how to react to good or poor economic conditions wisely.
4) Choose vacant lots:
While buying properties, realtor consultants prefer picking out commodities that are vacant and can be transformed into a multi-story infrastructure or a building if the land is spread far and large. This might take almost a year to develop, but in the end, with the right marketing incentives and help from realtor consultants and real estate agents, you can actually profit from the land you bought.
We hope that these tips were helpful for you to choose a plot of your own. Keep your finger on our latest trends and tell us if they were helpful to you in any way.