You can easily find plots for sale in Pakistan as well as houses but have you ever considered which would be the best option and why? You can find many options to buy plots in Lahore, Karachi, and other cities but factors like location, price, the market, taxes, etc, all are important factors to consider when choosing a house or land. Although the buying process includes a lot of steps but the first decision you must have to make is whether you will buy an existing house or build one. Here are some factors that will help you determine what would be the best choice.
Convenience
The main advantage of buying a house is convenience and cost. You can take the help of an agent who can put forward decent options for you and guide you through the paperwork. Once you negotiate and finalize the deal, you can move into the new house in a month or two depending on what has been decided.
The process can be lengthy that involves budgeting, browsing homes, inspecting different houses, and negotiating the deal. But the best part about buying an exiting house compared to building one is that you can move in right away. Many of us have tight schedules and need to shift as soon as we can so in that case building a house may not be the best option.
Cost
In many cases, it is cheaper to buy a house than to purchase a plot and build a house. The cost usually depends on your target real estate market, and prices for existing houses may be of advantage in case there’s a financial crisis or housing bust that can decrease real estate prices. It can also be hard to find a house that is in perfect condition and you might have to spend a certain amount on updates and renovations. If you want to purchase houses or buy plots in Karachi, you will find countless options, and the same is the case with other major cities as well but we sure about all the costs that can incur in either case.
Customization
One disadvantage of moving into ane existing house is that you are restricted when it comes to customization. Your choices are limited in this regard and if you plan on demolishing a floor plan to start from scratch to add your own personal touch to it, it is best if you opt for a plot instead because it will take both time and renovation costs before you can move in. All additional expenses must be factored into the total price when you’re browsing and comparing properties.
Summing it Up
Discussed above were a few factors that could help you decide what would be the best option. At first, you might consider building a house to be the better option but later change your mind or you might consider moving into an existing house and later decide that customizing one from scratch would be the best option. In any case, it is best if you contact a professional real estate agent who can assist and guide you. You can find a real estate agent easily from different online marketplaces or even buy plots online if you’ve made up your mind.
