In Pakistan property investment is one of the most growing businesses and many overseas and locals are investing in property as a side business. Below are the factors that one must consider before investing in property.
1. Developer repute and previous deliveries
The most important factor is developer repute and its previous delivered projects. Other factors doesn't matter much If developer has bad repute. This is why people avoid Eden, LDA etc even the location is very prime for certain schemes.
People prefer DHA and Bahria even if the location is not good.
2. Location & Approach
The second most thing is the location of the project and approach to the location. A good example in Lahore is Lake City which is just an average project but due to its location and approach it is now competing with Bahria and even DHA.
Similarly, choose the location of your plot wisely.
For residential, avoid plot near boundary, grave yard, factory neighboring area and commercial neighboring area.
For Commercial investment, make sure the community have very less commercials and more residential plots.
3. Utilities (Water, Sewer, Electric, Gas, Phone,Hospitals, Schools, Parks, Commercials)
If a property doesn’t have access to one or more of these basic utilities of reasonable living, the property will lose a massive portion of the property’s usability, marketability and value. Be aware of anything that could become an obstacle to better Water, Sewerage, Electric, Gas, Phone,Hospitals, Schools, Parks, Commercials. Electricity backup is now also becoming a major factor.
4. Put yourself in the shoes of a potential community member
Think as if you want to build a property to live there ( in the particular budget), will you prefer the project considering the above mentioned projects? If yes, its good for investment!
Don't follow others blindly. The above basic factors will definitely help you choosing better investment opportunity.
Best of luck!