Buying property can be a daunting procedure, especially if you’re a newbie to the market. You might be intimidated by the sheer number of options available or might even be wary of all the property scams you might have heard of.
Rest assured, as long as you do your research properly and keep some basic considerations in mind, you won’t have to worry about anything! Whether you’re buying a home, apartment, or plot in any city, e.g, Peshawar, these tips will help you make the right choice for you.
- Go for approved projects
The first thing you should do when you look at a project is confirming its legal status. Each city has its own approval authority, with other bodies such as WASA and Sui Gas also granting it legal status to receive their respective connections.
So, if you’re hypothetically looking for property options in Peshawar, you should ensure that the project you’re going for is approved by the Peshawar Development Authority (PDA). One such project is HB Housing Scheme, which means that buying a plot here is a safe and reliable choice.
- Look at the developer’s track record
It is essential to ensure that a project’s developer has a good track record and is a reputable company. After all, you don’t want to be duped by an unknown company which does not have any achievements to show for itself.
HB Constructions, the developers of HB Housing Scheme, fits the bill perfectly, as it has worked under the name Baahir for over thirty years and has collaborated with major names such as Bahria Town, DHA City Karachi, Engro Foods, and Serena Hotels.
- Stay within your budget
When buying property, your primary concern will naturally be your budget. After all, no one can expect to buy a luxurious penthouse with all the extravagance attached in a major city if their budget does not allow it. Keep your expectations realistic, and you will find some great options within your price range.
Some projects, like HB Housing Scheme, also offer easy instalment plans, which allow you to book a property by paying a down payment, and then slowly paying the rest of the amount over three years. This gives you more leeway when it comes to quality, and lets you own property in stellar projects.
- Try to get the best facilities available
If you want to ensure that you and your family will be satisfied with the living standard offered in your chosen project, take a thorough look at the list of facilities. If a society has water, electricity, and gas connections already, that is the best place to start.
Additionally, facilities such as mosques, parks, community centres, and shopping areas also add to the quality of living. So, go for a locality which offers these conveniences, which will be worth the amount you spend.
- Look for an ideal location
Location, location, location. That is the mantra of every real estate maven. After all, a good location makes all the difference in the monetary and lifestyle value of a project. Even if a project offers amazing facilities, but is far away from main areas and healthcare and educational facilities, then it is not a great option.
Therefore, consider yours and your family’s daily commute when choosing a property option. Also think about your shopping needs, as well as any health issues. A project like HB Housing Scheme would be ideal, as it is serene enough for peaceful living, but is still only a short drive away from such amenities.
- Think about the project’s investment potential
Even if you’re buying property for your own use, you should still consider its investment potential. To do this, do you research about the price trends in the area, and if possible, the locality itself. Also consider the surrounding areas and their state of development. If a project is in a locality which is undergoing steady development, and is in a prime location, it is sure to bring high returns on investment in the future.
HB Housing Scheme’s location and the ongoing development in its surrounding areas makes it an ideal investment for this reason. In addition, the lifestyle it provides at affordable prices makes it all the more appealing.
So, these are the points to ponder when choosing the right property option for you and your family. Remember, always pick projects such as HB Housing Scheme, which meet all these requirements!