Plot or House: 5 Benefits of Investing in a New Plot
Are you an investor, looking for something stable to invest in? Are you fed up with losing money in risky stocks?
If so, then you should consider investing in real estate. Buying and selling property is one of the best forms of investing. Not only does it carry great potential, but it is also less risky than other investments. Investing in a reliable scheme like Nova City Islamabad is one of the best investment options available.
However, when it comes to buying a new property in Pakistan, you’ll have to choose whether to buy a house or plot. Knowing which investment to make at the right time is essential if you want to improve your return.
Which is Better: House or Plot?
Most experts will say that buying a plot is better. Unless you can find a house at a great value, you should always invest in buying plots.
Buying a house is generally a long-term investment, while you can invest in a plot in the short to medium term. Besides, when it comes to liquidity, selling a plot is much easier than selling a house. Plots in areas like Nova City Islamabad are also quite scalable and increase in value rapidly.
So, if you are an investor, then buying a plot in the right location will give great profits. Here are 5 reasons why you should buy a plot:
- Plots Increase in Value
If you bought a small plot when Bahria Town Lahore was launched, it would be worth twice or thrice the amount today. This is one of the biggest benefits of investing in a good plot. In comparison, it might take more than 20 years to double your money in a good savings scheme! By that time, you’ll lose more due to inflation anyways.
So, if you are looking for a medium-term investment, then buying a plot will give you great returns. However, your timing should be perfect to take advantage of a great opportunity. For example, experts predict that plots in the Nova City Housing Society Islamabad will increase in value after NOC approval.
This could lead to plots doubling in value overnight! A smart investor will never miss such an opportunity.
- Plots are Scalable
Every experienced investor knows that scalable investments are more valuable as well. The best thing about buying a plot in Nova City Islamabad is that they have the potential to be converted into more valuable assets.
You can build (or two), on your plot which can later be sold at a profit. You can also build shops, apartments, or offices if you have a commercial plot. Areas like Nova City Islamabad and Lahore Smart City have great potential for constructing homes, thanks to their proximity to the city center. The Nova City Plot prices are also significantly lower than other housing schemes, which makes it a better investment opportunity.
Building homes on plots in societies on the outskirts of the city has become a popular investment strategy in Pakistan thanks to the soaring residential demand.
- Plots Have No Maintenance Costs
One of the best things about buying a plot is that you won’t have to spend money on renovation or maintenance. Buying a house can be a good investment, but the total investment costs go up thanks to renovation costs.
With a plot, you’ll not have to worry about any of this. All you have to do is wait for the right time, watch your plot’s value increase and sell for a profit.
You may even consider building your own home if you have a plot in a location like Nova City Islamabad!
- Plots are Easier to Liquidate
Some investments are great for the long run, but impossible to liquidate. As an investor, you want to make sure that you can withdraw your money at will. This is why buying a plot is much better than investing in a house.
Plots are easier to sell thanks to their affordability and ease of transfer. If you have a plot in a great location like Nova City Islamabad, then you’ll have no issue selling it after the scheme gets approval.
Take the Lahore Smart City as an example: Many of the plots were sold out due to the LDA approval. If you bought a plot there before the approval phase, you would have no issue with selling it at a profit.
- Less Tax
If you invest in property that you plan to hold, then taxes often become an issue. Having a house will cost you more in taxes, transfer fees, and other expenses as compared to owning a plot.
While you’ll still have to pay property taxes, they are minimal.
As an investor, you should always take ALL the expenses into account before investing. If you want to keep future costs at a minimum, then buying a plot is ideal.
So, what are you waiting for? Make a smart investment by investing in the best plots in Nova City Islamabad.