Top 6 Reason why Buying a house is a bad investment - Zameenforyou

Everyone wants to buy a house for investment purposes or for residential purposes in this topic we will describe 6 main reasons why buying a house is a bad investment and how you will get maximum benefits from the house.  

A common myth about Residential Property.    

This is one of the most common queries amount, people, that either they should buy a house for residential purposes or they should use the rental property for residential purposes. There are many real estate businessmen or brokers who always force you to buy your personal homes and that’s why it is one of the top wishes for many peoples. It is ultimately increasing the prices of the property but if you analyze your financial system yourself or get advice from real financial expert he will explain to you why it is really a bad investment to invest in buying a property and how rental property is more beneficial for residential purpose. You can also explore more about rental properties tips.

Resident over Business             

If you are a business you definitely understand the importance of capital and how you can utilize this to get more benefits within no time. If you wanted to purchase a property for personal residential first of all it takes a major part of your capital which you can use in your business. It means if you buy a property it will decrease your business. You know Business is always more responsive and has the ability to maximize your profit but on the other hand, your house for rent is absolutely nominal. If you didn’t know about the rents in Lahore of a Specific city you can search from there House for rent in Lahore .

 In reality, it means you are investing a lot of money just for little saving of your home rent. You must prefer your business as you can get a better return on investment in your business as compared to the property you are investing for personal residential. If you have a strong business where you are receiving a good profit you can use this profit to hire better rental property with more luxury.

Stops Money Flow                          

If you have a large capital it will only be beneficial for you and your country if it is in the circulating cash flow. Investing a large amount of money on residential property only for luxury and comfort just stops the money flow, as a result, it disturbs the flow of the economy of the country. You can use this money or capital in the business and it will not only beneficial for you but for many others as well. If you invest this capital in the real estate industry or construction then definitely there will be no issue in that as it’s providing jobs, business and growth opportunities to others and overall contribution in-country economic development.

Increase Personal Expenses

If you have a personal property for your residential purpose definitely you will have a lot of attachments with your property. When you have a personal property definitely it will require a lot of monthly expenses. All this money is waste as you will not feel satisfied doesn’t matter how much money you spend on your property when you are trying to make it more and more comfortable. When you don’t have a personal property owner will be responsible for all kinds of maintains and renovations and you don’t need to worry about expenses on the property.

Bad Investment

You spending a lot of capital just too safe a little rent. This is only because we want luxury and comfort and that’s why we want our own home with all the basic and lavish facilities. This is why we spend a lot of money on our residential property but this is simply a bad investment at the wall. No financial advisor will prefer you to do this until or unless you have a strong business setup.

Stops Movability

When you have a personal property it stops you from a move from one place to another. When you are living on a residential property you can easily move as you don’t have any personal attachment. In your life to boost your carrier you need to move sometimes from one place to another.
If you want more Information related to Investments , Rental Properties & Real estate agents you must visit Pakistan’s Best Real estate Portal. There you will find all type of answers regarding your quires

7 Steps how to become a expert property developer

Property is the leading the business industry in the world. There is a different kind of property project from which property development is most valuable industry. It can convert any simple property into a more valuable product. It required a lot of capital, machinery and above all mindset. You must have the ability and vision to convert your dreams into reality. You have to be optimistic and a great planer with managerial skills to be a property developer. It required patience, hardworking and a lot of dedication. You can either construct and put one house for sale or you can construct large housing societies.

These are some of the fundamental requirements for a property developer.

Property Business Knowledge

If you are in property business you must have the vision and ability to turn your property more valuable then before. Definitely, it can only be possible when you have the right knowledge of the property business. In the 21^st century, the property business is on its best, there is enormous growth in this sector from the past century. A large population also required an effective solution as well. Make sure you have an education regarding property business.

 Property Market Knowledge

Property business is great but it applies in a particular market which is different from place to place. Make sure you have the right knowledge of your market. You must know how much potential is available in your market and most important the purchasing power of your market. You can get a better idea about your construction cost, marketing cost, and advertisement cost. This will help you get a better idea of your business. You can advertise your house for sale in Pakistan after construction to get more profit.

Property Construction

Property developer business based on construction. Make sure you have the idea of all material cost, who are the best suppliers and which material you should use and from where you can get that. You also must have an idea about your labor, how you can make them safe from injury and how to cost-effectively you can manage your property.

Registration

As a property developer, you need the registration. There are different rules and regulation in the country regarding property and construction which you need permission. Make sure you have all the approvals from every related department and authority so you can get no problems in the future.

Property architecture

After having the right knowledge, business idea and land as a property developer firstly you need to construct architecture and design of the property. You can use the latest 3D technology. It can help you get a better idea about your property than how was design, cost and how much time it takes to construct a property.

Management skills

At last, all you need is to manage all the resources in the right place. You need to use skilled labor at trying to manage your work on time to reduce the cost of construction. You need to manage your finance as well according to your resources. The best you manage your resources the best it can help you with be a good property developer.

Advertisement and Promotion

After construction, the most important thing is the advertisement of your property so you can get more customers. You can use Zameenforyou.com which is Pakistan best online real estate portal. It will help you list down your property along with other property developers and consumer. You can get a quick effective response and you can manage your property business more sharply with this online platform. It the latest way to get your property to advertise more quickly cost-effectively.

7 Main Statergies how to reduce construction cost?

Construction in today times a big industry which is flourishing very smoothly from the past century. It requires complete study, a bunch of engineering team and well-planned strategies to make it in the right way. Today all the billionaires are related with property business and in now it's more than a property business, they are looking for inventions that can make them grow in competition with others which include a cost-effective, less energy efficient solutions for the property as well. If you have a property for sale you can construct and make it more profitable for yourself with efficiently reducing its the cost to minimum possible level.

Here are some tips to reduce your construction cost

Budgeting and planning

From making a meal to construct and building budgeting and planning is most important to make things perfect at the end. Before starting construction make sure you have professional property planner services which can help you understand how cost-effectively you can save your precious time and money. This also helps you understand your needs and how to meet those needs.

Proper architecture

To save your construction cost along with all the written plan you must hire services of professional architectures. It can help you with the design and how to cost-effectively you can manage your construction in addition to that they can help in selecting right map which can help in looking your property more beautiful as well as durable. Make sure before starting the construction you hire a professional architecture.

Local material

One of the best ways to cut down your construction cost is by using the local material. This will also be easily available to you which saves your precious time along with that it saves your transportation cost which results in saving in overall construction cost. It will help you manage your budget.

Skilled labor

Skilled labor can save you precious time, it can help you achieve your goal more perfectly. Skilled labor can help you work with more proficiency so make sure you always use skilled labor. You can find skilled labor from organized institutes.

 Use qualified contractor and supplier

Make sure to save your construction cost by choosing qualified contractor and suppliers. If you give the contract to the qualified contractor they must have the experience to manage construction more professionally. They know how to manage, budget and labor. They can understand your requirements and also you can get better quality material from the qualified supplier so they make your property more durable and reliable. Make sure you choose the best one for your construction projects.

Manage construction time

Time plays more vital value in construction business than everything else because the more time your project takes it directly increase the cost of your labor and material. If you have to minimize your construction cost at priority bases you have to manage your construction on time.If you have a perfect plan, skilled labor,well-organized work structure and proper communication plan you can save your project time. It will help you manage your construction project more smartly.

Online Portal

After completing construction, if you have a house for sale you can advertise on Pakistan best online real estate portal. It is an easy way to find buyers for your property as well as the tenant. It will save you time and gives you access to thousands of interested buyers and sellers that can help you boost your property business within no time. It is a modern way to find out the house for sale in Lahore as it is one of the best platforms to find properties all over the globe.