Karachi is one of the most expensive cities in Pakistan for real estate. The value and diversity of the local property sector has been enhanced by the dramatic swell in the urban sprawl of the megacity in the last few years.
The trend of dividing and selling houses into multiple parts is common in Karachi. You will find properties like these in almost every other popular neighbourhood of the city, including PECHS, Nazimabad, North Nazimabad, Gulshan-e-Iqbal, Gulistan-e-Jauhar, and Federal B. Area.
Is investing in a house portion a good idea? What are the main things to consider when making an investment decision?. Moreover we can also help you decide best house construction companies in karachi.
In this blog, we’re going to answer all of these questions by talking about the big pros and cons of owning and living in a house portion. Make sure to read it all the way through.
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MAIN PROS AND CONS OF INVESTING IN A PORTION OF THE HOUSE
First, we will shed some light on some of the salient benefits of living in one part of the house. Moreover, we are here to help you with decisions such as karachi construction companies list.
ADVANTAGES OF HAVING A PORTION OF HOME
In a portioned system, there are shared outdoor spaces that promote community life. Also, if you want to know more about best house construction companies in karachi, we are here to help!
Affordable investment option:
There is no denying the fact that home lots are affordable investment options. They cost only about half or two thirds of the price of a full house. Unlike apartments that are usually part of mixed-use complexes in commercial areas, if you are buying a semi-detached house, you will live in a quiet residential area environment. House portions usually offer quiet accommodation which is why they are still preferred to apartments to some extent.
A sense of community life:
If you live in a separate house, you may not be able to connect with your neighbors in the way you might live in a portioned system. Having shared entrances, as well as common outdoor spaces, would be an ideal environment for you if you like to take an active part in common activities and socialize with the people who live around you.
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Of course, by living on a property shared by two or perhaps more families, your premises will feel safer than living alone in a house. If you are going somewhere, be sure to let your neighbors know so they can keep an eye on your property and you can do the same for them.
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To enhance security measures, you may also consider installing a CCTV camera at the main entrance and hallways of the shared housing complex after consulting with others.
This is another great advantage of living in a part of the house. Leaky pipes, leaks, maintenance, renovation or improvement of the exterior or interior of the shared space, all of these repair and maintenance costs are generally divided among families who live together and share a property.
In some cases, therefore, living on a portion system could be much more affordable than living in a separate house, where you may have to take care of all these expenses on your own. The decision to buy a part of the house has some important disadvantages, which have been discussed below:
AGAINST INVESTING IN A PORTION OF THE HOUSE
Shared parking can regularly cause problems for residents, also, to discuss more about matters such as house construction rate in karachi, get in touch with us now.
Lack of privacy:
One of the biggest drawbacks of investing in a part of the house is privacy concerns. In a system of portions, there are many common spaces that all the families who live in that particular housing complex can access.
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These properties often have shared entrances and outdoor spaces such as gardens, terraces, backyards, or patios. This thing might bother you if you don’t want interference and prefer privacy. Shared services invoices:
Like repair and maintenance costs, the facility’s bill is also split equally among all households living in separate parts of a single home. However, this may be a little unfair for someone who has a small family and uses it less than a large family based on multiple family members, which likely consumes more energy resources and public services. This could be an additional monthly expense to be incurred if you own part of the home.
Another drawback of investing in a part of the house is the parking problem. As discussed, outdoor spaces in shared housing complexes are often accessible to all families who live there. This also includes the carport or garage. Normally, a home’s parking space has a capacity of one or two vehicles, so the rest of the neighbors may have to park their cars on the street.
And, if an agreement cannot be reached on the matter, car parking problems could become the cause of continuous disputes and disputes among the inhabitants of the portioned system.
A Takeaway Note From Us!
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Make sure you carefully consider all these factors before proceeding with your investment. If you already live with a portion system and have useful information to share with us on the subject, please feel free to write to us on syed-brothers.com.
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