When it was built, everyone was like “ooooh, what a WONDERFUL architecture !!!!”. It is supposed to look like a ship, but all I can see is a rotten slice of watermelon. Then a boyfriend who was an architect called me crazy because it’s ugly. Am I It’s called Hotel Unique if you want to look up and see how strange the rooms look. They have a window between the bed and the bathroom. As for me, I can only see pictures, because it is insanely expensive
Maximizing Time and Money: Passive Income
Creating wealth is a fairly simple relationship between time and money for Passive Income. Time is the most valuable commodity. It’s only 24 hours a day. Time can never be recreated or re-used. It existed once, then it disappeared. And that’s why building a passive income is so important – because time is more valuable than money.
Even the richest man in the world cannot replace the time he has lost or wasted. Time certainly does not discriminate. It’s the biggest equalizer, we all have limited time and can’t buy any more.
Time is money
Time is credited as the most valuable commodity. So precious that you can’t buy more. Once lost, it can never be refilled. Time is also the commodity that people most often waste. Every activity we do in this world, such as jobs, business, learning skills, building relationships, watching movies, hanging out, clubbing, etc. requires your time in return.
The average life expectancy in Pakistan is 25000 days, if you are 40 years old, you have already lived 14600 days and only received 10400 additional days. Considering that most people work for a living, exchanging time for money, this precious commodity must be prioritized.
Financial freedom
Before we move on, it is important to understand the concept of financial freedom.
Financial freedom means having savings, investments and money to provide the kind of life we want for ourselves and our families. It means increasing our passive income to enable us to retire or pursue the career and dreams we want instead of being driven by our need to earn a fixed salary every year. When you are financially free, you let your money work for you rather than vice versa.
The road to financial freedom is not a get-rich-quick strategy. And financial freedom does not mean that you are “free” from the responsibility of managing your money well. All bad. Having complete control over your finances is the result of hard work, sacrifice and time. And all the effort is worth it!
Types of income in relation to time
There are mainly two types of income:
Active income
Active income consists of income that you earn while you work full-time or run a business. This type of income involves a direct exchange of money for valuable time. This involves the time it took you to acquire that set of specific skills that made you suitable for that particular job or business.
Passive income
Passive income is income from real estate, rent, limited partnership, dividends, shares or other businesses in which a person is not actively involved. Maybe become more productive without spending a lot of the most precious commodity you have “TIME”.
The purpose of passive income is to make money while you sleep. Here’s how to make your assets work for you. You invest time in building something ahead that will generate revenue along the way with little effort on your part.
Building Passive Income is the most important factor in getting rich. This eliminates your ability to earn from the limited time you have in one day. With passive income, you make money while you sleep. You also make money while you’re awake. It’s automatic and just keeps coming in.
The strategy of wealth creation
For almost all people, active income is the primary source of income. This is a direct exchange of time for money and how much money you earn will depend on your skill and time spent. However, not all of you will be able to create wealth and achieve financial freedom. That will depend on how you use this income. Will you create more liabilities by buying desires and or assets that earn?
Let’s see what happens when one small step in your entire strategy can completely change the outcome. And like two people with similar active income, one can end up with one achieving financial freedom and the other living wage to wage.
The triangle of desires
You exchange your time for active income and use the money you earn to buy things you want. Bigger house, better car, travel and so on. On the contrary, all these things need more time and money while saving them so you go back and forth exchanging more time for more money, and continue this triangle of desires until it is too late.
Unfortunately, most people live their lives without realizing that every day, minute, or hour means they have one less day, minute, or hour to use. They unconsciously treat time as an endless resource, thinking they are immortal.
Many of us get stuck in this triangle of desires, living paycheck to paycheck. And unable to save enough to build any acceptable passive income stream.
Our energy is finite, and you can only do so much to become more productive. It is much easier to stop wasting time than to become more productive.
Road to Wealth
Just like before you trade your time for active income, but this time use it to invest in an asset that gives you passive income. You use this passive income to feed your desires to change one basic dynamic in the whole circle of wealth creation. Instead of buying your wishes directly you buy them and save them with your passive income. A little patience for a moment will become a lifetime of success and wealth.
Your time now increases as you make money working for yourself. Your passive income supports your desire to consume your money earned from automatically generated passive income, as a result, you earn more time. The time you save is then used to earn more active money or build a quality lifestyle.
Eventually, you achieve the financial freedom you have always dreamed of, breaking the chains and finally becoming free.
Why Passive Income Matters
“If you can’t find a way to make money while you’re sleeping, you’ll work until you die.” – Warren Buffett
The get-rich-quick virus keeps most of us engaged in activities that end in failure. Every day I get calls from people who want to invest in real estate with the hope of earning quick bucks, believing that there is easy money waiting to be reaped by those who know where to find it.
Nothing can be further from the truth unless you happen to win a lottery or if you were born rich. There is nothing easy about getting money. The only way to get rich is to build a solid infrastructure and feed your assets.
Passive income is a cornerstone of a rich growth strategy. Having a solid income base that does not require active management can keep a steady stream of money for your portfolio or living expenses. With a certain amount of income set on autopilot, you can take more aggressive investment attitudes elsewhere with a little more comfort, and help protect your profile against market volatility and economic recession.
What’s more, you only have so much time to invest in making money — whether it takes the form of a job that generates income, or active money management with other investments. Once a passive investment flow is established, it is a kind of fixed-and-forget-it asset. Basically, generating wealth does not take time on your part.
Stay tuned to Feeta Blog to learn more about Real Estate Pakistan.
Maximizing Time and Money: Passive Income
- Published in Learn the game, Marketing, MARKETS
Zen Home: Stone Accents
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Bonsai trees bring the intricate beauty of nature to this home-inspired zen inspiration Home Interior, where strong stone accents dominate a backdrop of strikingly dark decor. Displayed by Nazar Tsymbaliuk, this stunning home is blessed with the grandeur of double high ceilings that are covered in a smooth, warm wood tone. The bold contrast between golden wood and black stone is quite bright with striking lighting fixtures and modern fireplaces that introduce the exciting flicker of a dancing flame. Contemporary furniture designs form clear room arrangements and large social spaces for extended family and welcome guests. Deep forest views make for an amazing focus for an elegantly serene bedroom design, while the luxurious bathroom is enjoyed in a secluded backyard setting.
A double high lounge welcomes a generous influx of natural daylight to heighten the dark décor of this spectacular home interior. Elegant, modern chandeliers draw attention to the high ceiling height, guiding the eye steadily up to the roofs. Downstairs on the ground floor, a sociable lounge arrangement gathers around a set of luxurious marble and wood grain square coffee tables. A charcoal living room rug lies a dark base for the lighter living room furniture.
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Zen Home: Stone Accents
- Published in dark, House Tours, interior, stone, zen
Most Expensive Sectors in Islamabad
Following are Most Expensive Sectors in Islamabad. But what exactly makes these sectors so expensive? The answer lies in its commercial and residential values, as well as its location close to the hills and the main markets of the city.
Feeta.pk, Pakistan’s smartest property portal brings a detailed overview of the most expensive sectors in Islamabad. Let’s take a look.
Who Is Living in the Expensive Sectors of Islamabad?
It is an understood fact that these highly expensive sectors in Islamabad are preferred for living and investment by millionaires, given that they can easily afford to live there.
Most of the population living here consists of government officials, businessmen, politicians, and even foreigners. Since the sectors are posh and close to the best commercial areas, these sectors are a popular choice for foreigners.
The 9 Most Expensive Sectors in Islamabad
The property value of houses and plots located in expensive sectors is based on how safe they are, and what areas are in their proximity ie parks, restaurants, markets, etc.
Most houses for sale are valued as per how close they are to the main areas, and how the trend increases over time proportional to their demand. All of these sectors fall under the list of CDA approved housing societies, making them ideal for investment and for living.
These expensive residential sectors of Islamabad are mentioned as follows. The capital city, besides being famous for its beauty, is also famous for the posh living standards that it offers. Because of its planned sectors, cleanliness, and serene atmosphere, most people do not mind spending beyond their budget limit to buy a property in the most expensive sectors of Islamabad.
Sectors | Expensive Sub-Sector / Road | Size of Houses | Estimated House Prices Upto (Rs.) |
E-7 | Gomal Road | 5 Marla – 4 Kanal | 50 – 90 Crore |
F-7 | Parveen Shakir Rd, Parbat Rd, Nazim-ud-din Rd, Bhittai Rd | 5 Marla – 4 Kanal | 42 – 80 Crore |
F-6 | Khayaban-e-Iqbal, Hill Rd, School Rd | 5 Marla – 4 Kanal | 27 – 35 Crore |
F-8 | Kohistan Rd, Kaghan Road, Park Rd | 5 Marla – 4 Kanal | 20 – 30 Crore |
F-10 | F-10/2, Sumbal Road | 5 Marla – 2 Channels | 10 – 25 Crore |
G-6 | Ataturk Avenue | 5 Marla – 2 Channels | 15 – 38 Crore |
F-11 | F-11/2, Hilal Road, Hamza Road | 5 Marla- 2 Channel | 10 – 25 Crore |
I-8 | Sector I-8/2, Type Sultan Road | 5 Marla- 2 Channel | 7- 15 Crore |
D-12 | D-12/1, D-12/4 | 5 Marla – 2 Channels | 5 -18 Crore |
Sector E-7
E-7 is not just an expensive sector in Islamabad but also ranks as one of the most expensive areas in Pakistan. This area is home to many diplomats, foreigners and embassy officials, given it is right at the base of the Margalla hills.
The sector has a range of luxury houses that go up to 4 canals and also encloses a commercial market area that has renowned restaurants and salons.
Sector F-7
F-7 is one of the most sought after sectors in Islamabad that connects to Faisal Avenue and Margalla Road, as well as a linking road, Nazim-Ud-Din Rd, which leads to Blue Area.
Because of its prime location and easy access to the main sectors close by, F-7 leads as one of the most expensive sectors in the city. With lush green land around and carpeted roads, the sector encloses the top commercial areas with modern amenities and facilities for its residents.
Sector F-6
Currently emerging as the second most expensive sector in Islamabad, F-6 is the home of posh cafes, homes, and brands that make up the vibe of the city. Kohsar Market F-6 and Beverly Center are two famous commercial areas in F-6 that are frequently visited by the elite class.
Because the sector comprises multiple embassies, the security of the area is always up to the mark. The close commercial space paved with designer brands and restaurants is a great option for foreign consulates.
Due to its high commercial value, it also ranks high as a residential area, which is why it falls in the expensive range of real estate properties in the capital.
Sector F-8
With a high geographical advantage, Sector F-8 is considered one of the most valued sectors as it is surrounded by major landmarks and well-settled neighborhoods.
The property value in this sector is very expensive on account of the infrastructure and the facilities available.
The roads of this sector are well connected with other sectors, joining the rest of the areas inside and outside the city. Sector F-8 comprises many head offices of big companies as well as buildings.
Besides this, the main Islamabad Kechehri is also located in this sector, which is why the real estate value of this sector is very high.
Sector F-10
F-10 shares a border with Fatima Jinnah Park (F-9) and lies adjacent to Margalla Road. The sector has a big commercial area that caters to top brands from across the country, as well as multiple restaurants.
It is surrounded by an organized road network that keeps it connected with the surrounding areas and sectors. Because of its border with an active commercial area, F-10 is one of the most expensive areas of Islamabad with all luxury amenities and facilities nearby.
Sector G-6
G-6 is one of Islamabad’s most prominent and expensive sectors. Its high value is relative to its location situated across Jinnah Avenue and Kashmir Highway, making it almost central to the commercial areas and other main sectors of the city.
Sector G-6 links to Blue Area and is a lush green area with clean carpeted roads. The area has famous markets and landmarks nearby such as Aabpaara and Shakarparian National Park.
Because of its easy accessibility for the residents in G-6, the price trends have gone very high, especially in the areas that are close to Blue Area.
Sector F-11
F-11 is one of the most expensive areas in Islamabad. It caters to the posh living standards of bureaucrats and businessmen. F-11 is a developed sector with elite commercial markets and facilities that add to the ease of people living in the area.
F-11 shares a link road with F-10 and E-11, and also lies adjacent to Margalla Road. Besides expensive houses in the sector, there are also many apartments and housing schemes, such as the Naval Housing Scheme, which are located on Hilal Rd and contribute to the value of this sector.
Sector I-8
The I-8 sector has gradually developed into a highly expensive sector in Islamabad, just after the F sector range. The sector has gained the massive interest of investors who are looking for commercial and real estate properties.
This sector is one of the most sought after locations in the capital because of its fast development and convenient access to twin cities.
Besides the commercial market and top restaurants in the sector, I-8 also has several schools, colleges and hospitals nearby.
Sector D-12
D-12 is a scenic sector that is located right next to Margalla Hills, beside E-11. It is a developing sector and has already attracted the interest of real estate investors, because of which the property value of the sector has increased at a drastic rate.
The layout is similar to other sectors in the city, with developing commercial spaces and necessities available in the area.
Keeping the above pointers in mind, it can be concluded that Islamabad’s sectors have always been subject to high property values due to the planned infrastructure of the city as well as the beauty of nature around them.
With time, these top sectors gained value based on the commercial value, location and security of the area.
If you’re looking for more information regarding real estate investment opportunities, follow our Feeta blog.
Most Expensive Sectors in Islamabad
- Published in International, News & Updates, Property News, Real Estate, Real Estate Guide, Real Estate News
Brazilian Home Design: Wood Accents & Colorful Art
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Natural wood accents and colorful artwork animate these four Brazilian home designs in Vitória, each expertly illustrated by Felipi Falcão. Open plan accommodations give these modern homes a welcoming, social atmosphere, which is confirmed in large dining rooms that are furnished to accommodate many guests. Conforming furniture is tailored, designed to take full advantage of the generous room dimensions to its greatest purpose. Atmospheric mood lighting softens the light interior decorating patterns and accentuates the warm wood grain elements that add texture and depth. Large windows also light up the interior with natural sunlight, along with beautiful views of Brazil.
In front of the sofa, an Ottoman coffee table is joined with two wooden and glass equivalents to make a long arrangement in the center of the living room. The wood-paneled TV wall is actually a sturdy structural wall that has become a determining factor in deciding the home layout. While the wooden upholstery warms up the light decor of the living room, soft mood lighting evokes an atmospheric, comfortable atmosphere.
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Brazilian Home Design: Wood Accents & Colorful Art
- Published in Art, brazil, colorful, Designs by Style, Home Decor, home design, house, house decoration, house design, interior, Interior Decoration Ideas, Interior Design, interiors, International, wood
FAQ on Rental properties in Pakistan / Passive income in real estate
Frequently Asked Questions – Pakistani Rental Properties / Passive Income
Earning a passive income from Rental properties in Pakistan is by far the safest and surest way to get rich. This FAQ will answer some of the basic questions you may have in mind.
Q-1 Rental properties are depreciating and therefore do not offer high yields.
Answer- The problem of depreciation only exists in houses, especially since they offer only 3 to 4% rental yield per year. Advertisements and shops can be like new after small renovations and some apartments offer up to 10% rent to offset any depreciation effect. As a general rule, rental real estate should give you an average of 15% earnings per year. In some value classes, rent can be more than capital gains and vice versa, but it’s good as much as you get 15% of the total earnings. In addition, the benefits you receive from your rental income will be value added over this 15% or will make up for any shortcomings.
At the end of the day, you have to be careful to find a rental property that gives you a nice return. That’s why you need an expert who can analyze and predict capital gains and expected rents for at least the next 5 to 6 years.
Q-2 Do rental properties need time to build and therefore cannot offer returns as shown?
Answer- When you buy a rental property in Pakistan, you need to look at both aspects of income which are capital gains and rental income. Normally, the already-built property will offer 6% rent per year. However, if you plan to build one or buy one that is still under development, what you lose in rentals during the time it is being built, you get capital gains. Those that need time to build, such as tall ones, are usually much cheaper while they are being built.
On average, a good high-growth project will add at least 60 to 80% in capital gains over the construction period, which lasts 3 to 4 years. This capital gain is usually more than 20% thus compensating for the lack of rental income during this period.
Q-3 In rental properties, can problems arise such as lower rents, which can decrease your ROI?
Answer- Like all investments, even rental property can change under certain circumstances. However, this change can be negative or it can also be positive. For research and analysis, target conditions must be ideal for both rental property investment and speculative business investment. Because the chances that speculative traders are wrong are much higher than the tenant investor losing a few months of the lease. Therefore, maintaining the ideal situation for both types of investors is important and is in fact more favorable to the speculative trader.
Q-4 Do houses or commercials give more capital gains than apartments?
Answer- Houses, commercials and apartments are three different asset classes and will not follow similar cycles. A gain in houses over time is due to a gain in plots, which calms down after the area matures, similarly, apartments will also slow down after the building matures. Later, many other factors will come into play to decide whether that property will grow further or not. Similarly, commercials have their own cycle to follow with their own risks because a very large number of commercials do not show much appreciation.
As long as you understand the different dynamics and act accordingly, all of this will yield very good capital gains. Therefore, capital gains will depend on many other factors than just the active class.
Q-5 Which is the best rental property among houses, apartments, commercials and shops?
Answer- Houses are not suitable for rentals, however, as for the other three, each property must be judged separately to identify who will give you optimal rental returns. It will be wrong to give any preference depending on the active class as such.
Ultimately, it all depends on your choice of individual property rather than its value class. A good housing project can outperform an average business in capital gains and conversely, a good commercial property can beat an average housing project easily.
Luxury serviced apartments in Gulberg Lahore for Air BnB rentals are a safer and safer bet than other types of real estate for rental purposes.
Q-5 ROI on rental income is slow, while plots can double their price in a very short period of time.
Answer- You must have heard the old saying. ” slow and steady wins the race“. Rental properties are that turtle that seems slow but never stops, thus giving you a more stable consistent income over the period.
The unpredictability in speculative trading is its biggest enemy. Although speculative trading gives an illusion of higher returns, the high failure rate balances it out. In addition, speculative trading is not suitable if you are an emigrant or a busy person who will not have time to look at the real estate markets constantly.
Our study has shown that both rental returns and successful speculative trading can make almost equal amounts of money in the long run. So renting property leads to being the safest and safest way to achieve your financial freedom goals.
Q-6 Rental properties usually only give 3 to 4% rental income per year.
Answer- That’s not true, only houses give 3% and we already consider them as lame wolf property. Apart from this, some commercial real estate does offer only 4% rental production, but this is usually because they are not yet fully mature and offer much more in terms of capital gains. So investors are happy with them considering that the combined gains are usually 15% or more.
Q-7 (Part 1) Suppose I invest 13 million in a 562 sq.Ft apartment. After 13 years will I get my capital back on 10% rent?
For example:
Hotel Apartment Sq.Ft: 562
Tariff (kv.Ft): 23000
Total Price: 12,926,000
10% Annual Income: 1,292,600
Annual Service Fees (Kv. Ft): 30 Rs * 562 = 202,320
Own tax: 50,000
Rent Tax: 60,000
Annual in Manluo: 980,280
Answer- The calculations we provide do not cover any taxes or liabilities, no matter if you are investing in speculative real estate or rental property in Pakistan. The impact of these taxes will be felt on both sides and will certainly affect ROI but is the bare minimum. For example, the service costs are not as high as 30 PKR and in some cases, they should not be paid by you but by the developer or tenant. In addition, after one or two years, a 10 to 20% increase in rentals will cover any debts without putting a big dent in your rentals.
Second, if the purpose of the question is to compare plots or files with wolf holdings, then similar duties apply to commercial plots as below:
a. Instead of annual service costs you pay a non-construction penalty on parcels and even sometimes development costs.
b. Property tax will be paid even if you also own land, so it is not only applicable to the wolf property.
c. You will pay capital gains instead of income tax because during trading you will sell plots mostly in less than 4 years.
Q-8 (Part 2) If rent is in between it can get my capital back in 11 to 12 years?
Answer- The mistake most investors make when it comes to this calculation is that they do not calculate the profit on rental income. In reality, it will take a maximum of 5 to 6 years for the repayment of capital investment, if you reinvest your rental income at 10% per annum. This could be even faster if you invest with Feeta.pk 1 crore challenge where we can get you up to 20% annual returns.
Take a look at the calculations below, based on a conservative analysis of the apartment in question. During the construction process, we expect 80% growth, then 12% for three years, and 10% later for capital gains. Similarly, the reinvestment of capital is only calculated at a conservative 10% per annum instead of 20%. You can clearly see that it will only take 6 years for the return of your capital after ownership.
Even if we calculate capital gains at 5% after the 3rd year, the value of your asset will still be close to Rs 4 crore. However, it can be said that the rent capital should grow by 15 to 20% rather than 10%, so realistic performance can vary and the calculations below are just to understand the concept of rental investment and the compounding effect.
Q-9 (Part 3) During this period If I want to sell my apartment to invest in some other area. I will be stuck in the apartment.
Liquidating Assets (housing) will be more difficult. You may be blocked for a longer period than plot Winding. Because Average Liquid Asset (plot/house) lasts 6-12 months on normal days.
Service Apartments are good for rental purposes. But for monetization, we may be stuck for a longer period of time. Because people prefer to book new apartments for a fee not 5-10-year-old apartments at full payment?
Answer- Selling a rented built property will take a little longer than a plot or file. However, rental property continues to give you cash every year, unlike a plot or file, which is in fact a liability because you will pay the non-construction penalty and other company charges as well as development costs in case of any plots and files.
So it all depends on how you define liquidity. a property that will sell out quickly or a property that will repay you 10% in cash each year and repay 100% capital in 5 to 6 years.
Ultimately, like any other property, how quickly your apartment will sell depends on the quality of the project rather than the value class. Not all projects will be the same and sales will vary depending on your choice today. Monotation is also much better in relation to wolf ownership because you will have full capital in 6 years which can be invested again in other places.
For more information on the real estate sector of the country, keep reading Feeta Blog.
FAQ on Rental properties in Pakistan / Passive income in real estate
Avoiding the Real Estate Wealth Trap in Pakistan
Beware, this article will change your mindset and real estate investments, so read it carefully while we reject the false rich trap of real estate in Pakistan. Read this carefully and if you have any questions please comment and ask.
After nearly 10 years of going through various cycles of real estate myself, I’ve realized that most of us don’t create any real wealth. Do we live in a paradise of fools and amass false wealth? This prompted me to do some research and analysis of the previous 15 years of investment cycles to find out what exactly we are doing wrong.
During our search for the truth about real estate, we learned that there is a huge difference between returns in USD and PKR. While you may think you made money in PKR, this may not be true for USD. Eventually, almost every other thing in your life and your purchasing power depends on the USD and not on PKR. This means that if your wealth does not grow by the USD, then you are not actually getting richer.
USD is therefore one of the most important factors of wealth creation. This is especially true for foreigners who invest in USD and expect to take their returns in USD.
The Dollar vs. PKR and Real Estate Investments
Just to understand how important this aspect was, we will choose Phase 6, 1 Channel plot in DHA Lahore as an example and compare its price in various years since 2005 in USD. Most real estate investments follow a similar pattern with small variations.
Year 2005
1 x USD = 60 PKR
Average price of DHA Lahore Phase 6 in 2005 = 9 Million ($ 150,000)
Year 2010
1 x USD = 80 PKR
Average price of DHA Lahore Phase 6 in 2010 = 6.6 Million (USD 82,500)
Year 2013-2014
1 x USD = 100 PKR
Average price of DHA Lahore Phase 6 in 2013 = 15 Million ($ 150,000)
Year 2016
1 x USD = 105 PKR
Average price of DHA Lahore Phase 6 in 2016 = 24 Million (USD 228,571)
Year 2019
1 x USD = 160 PKR
Average price of DHA Lahore Phase 6 in 2019 = 28 Million (USD 175,000)
Year 2021
1 x USD = 172 PKR
Average price of DHA Lahore Phase 6 in 2021 = 42 Million (USD 244,000)
Long Term Business
Looking at the USD chart for Phase 6, 1 Channel plot is very clear that long-term trading is almost worthless. I know a lot of people who have kept plots in these phases for over a decade and although you may have overcome inflation or PKR depreciation, you have not created significant wealth.
Most people have this idea that the longer they keep a plot or file, the more fruitful it is. Unfortunately, I hate to report this bad news, which is not the case. At least the property in Pakistan does not adhere to that law. In 2005 the plot which was at USD 150000 is only USD 244000 today. Even buying it in 2019 gives you a much better ROI instead of buying it 14 years earlier in 2005.
Actually buying the phase 6 plot in 2010, then selling it in 2016 and buying it again in 2019, and selling it again now in 2021 would be really quite lucrative.
The reason that devalues a long-term business is that someone who has held the same property for 15 years earns much less money than someone who has held the same property for 10 years. This same aspect makes long-term trading riskier, which can eat away at your wealthy creative endeavors like a termite.
Business Plots and Files in Speculative Cycles
The speculative trading cycles are the next option that most investors choose. It’s a really good choice but with just two big problems:
- You never know what the future holds. So everything you do is based on either guesswork or information that may not work exactly the way you want it to. It’s much easier to just look at the past data and see where you should have invested but planning it for the unknown future is not for everyone.
- If you can’t execute or the market doesn’t work as you hoped, you may be sucked in for a very long recession period.
Speculative trading is much easier said than done and it wasn’t until 2016 when the recession hit the real estate that investors realized what they were doing wrong. A considerable portion of investment has stalled in some areas because some investors felt it was worth trying to wait and hold on. These areas included Broadway Phase 8 commercial, residential plots in various places such as Phase 7, 8, and 9 of DHA Lahore, Malikpur, Shivpur 4 marl commercial files of DHA in Phase 8 ex Park View, and later on Gwadar.
As a result with a huge share of investments stuck in recession, investors have failed to seize new opportunities that have emerged from 2017 to 2020 such as indigo highs, Goldcrest Mall, DHA Peshawar, Downtown Mall and DHA Multan.
Although the return on investment was much better than long-term trading, but still not very impressive, as it included long periods of recession with zero to negative growth.
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What does the data say?
For an argument, let’s assume that everything went well and being the smart guy who is Mr. X, he kept money safe in the bank from 2005-2010 and then invested in phase 6 plots in 2010, then took an exit in 2016, and then took entry again in 2019 and has taken an exit now when the average plot price is at 42 Million.
To achieve this, Mr. X needed to make seven decisions during these 16 years. These included selling in 2005 and then investing in reliable locations to earn at least 10% a year. Taking an exit from wherever your money was and then reinvesting in 2010 in real estate. Repeating the same thing again from 2016 to 2019 and then finally taking an exit in 2021.
The location for an error is almost nil, if Mr. X had taken an exit in 2013, it could have gone awry. Similarly, if Mr. X could not take an exit in 2016 the results would be different.
Finally, it was also important to carry out a profitable business during the recessionary periods between 20015-2010 and then in 2016 to 2020. Timely exit from these investments and regaining entry into real estate should be surgically accurate.
How many of you are confident that you can read the market and do this type of business in the future?
The Good Old Rental Income
Rental income has always been considered a very essential and important source of income. However, not many people believe that it can enrich you as a speculative business. Some general problems you may encounter with rental income are:
- If you do not invest in the right rental property, your capital gains may suffer.
- Houses in Pakistan are the worst form of rental income due to huge depreciation and only 3 to 4% rent per year.
Choosing a rental property that would give you at least a 6% rental yield and some good capital gains over the years can be a challenge, but it is much easier to execute than a speculative business. In addition, you now have the option to invest in real estate that can offer an 8 to 10% return on annual rent above your initial investment.
Rental cash flows may seem minimal when you start, but over time they build up and give speculative traders a run for their money. It won’t be wrong to say that slow and steady wins the race because you have a much better chance of being rich if you invest in rental properties instead of plots of land.
What does the data say?
Now for the sake of argument let’s say, Mr. A, who is not as wise as Mr. X and was not sure if he can pull off that miraculous 16-year cycle with such precision. That’s why he decided to buy a property that gave him regular cash flows and average capital gains.
Mr. A has invested € 9 million in wolf ownership, which has given him an average of 10% in annual capital gains and 6% in rental income, which has increased by 10% a year. Ultimately, he invested his rental income in assets similar to where Mr. X kept his money during recessions to make 10% profits a year on them and the results will surprise you.
YES, it is quite true that Mr. A made almost the same amount of money as Mr. X and without ever having to go into the complications and risks that Mr. X took.
The magic actually happened because of the compounding effect on the rental income, this is one factor we never consider when we discuss rental properties.
The 16 years of rental income, which started at just 540000 a year, ended at 4 crores when accumulated and put together at only 10% a year. This is where most of you do your math wrong and only calculate the rental income and do not consider the impact of profits on your rental income.
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The way forward
The speculative business cycles of real estate and rental income are almost equal when creating real wealth. Renting is an easier and more stable way to secure your success compared to speculative trading. You can certainly mix them both or opt for rent alone, but I would never recommend just opting for a speculative trade.
Lesson learned
- Rental projects are always green investments that will give you good profits in almost any market.
- Rental properties are the backbone of your real estate investment.
- Plots and files should be invested only for speculative business cycles.
- Long-term keeping of plots and files is counterproductive in general and has not rewarded investors in the last 15 years.
- For better chances of success, rent is much more effective than any other investment in real estate.
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Avoiding the Real Estate Wealth Trap in Pakistan
Designers’ Vision: Childlike London Landmarks
We have become accustomed to the appearance of the great monuments of the London Landmarks. London is blessed with many great landmarks, Buckingham Palace, Big Ben, the Eye, the Bridge, and many, many more. Have you ever wondered how you can adjust them? Probably not, because it would take a lot of creativity and imagination and even the courage to do so. I mean, they already look perfect …
But such a challenge is a piece of cake for a child. And so, the British housebuilder Barratt Homes asked some children to try to reimagine these famous landmarks according to their taste. And they departed. Later, they asked some digital artists to recreate their drawings in 3D so that the whole world would know what they would look like in reality. See for yourself!
Woods Big Ben
Big Ben was reimagined by Daisy, aged 11, and has a wooden building giving it a naturalistic finish. These hanging baskets, which look very much like beehives, also serve as well-to-do pods where tourists and city workers can sit, relax and watch the sights of London. Daisy also featured an embroidered dragonfly sculpture sitting just below the clock, as well as smaller bee sculptures scattered throughout helping to bring more of the woodland nature feel. The finishing touches around the base include hanging ivy and a few crystals.
Tower Bridge Theme Park
Our next re-imagining of London Landmark was edited by Navneet, a 7-year-old who turned Tower Bridge into a full-fledged amusement park. Excited fans would be glad to know that it now has a roller coaster, water slides, a running track and a giant jumping castle. If quiet swimming sounds more like your street, however, Navneet has also incorporated an endless swimming pool that will surely offer some unique views of the skyline of London. For all the visiting characters, there are also 2 helipads in the shape of pizza slices that sit above each of the towers.
The Star London Eye
Designed by 8-year-old Syeda, this reimagined version of the London Eye gives up the round shape and instead uses a visually striking star. With neon lights everywhere, this new addition to London’s skyline will surely brighten the city all year round, and will certainly be a huge hit during the festive months. And to remember a ride, Syeda’s design also features several traditional square cars where visitors can fly.
The Spooky Breaking Coaster
Our last landmark reimagined is from Ayan, 6, who turned The Breach into a haunted roller coaster. Using the height of the building to his advantage, Ayan’s created a white-finish ride that extends the entire length of the building. Ghosts and vampires also patrol the tracks, while the orange and green colors add to the Halloween theme.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Real estate.
Designers’ Vision: Childlike London Landmarks
- Published in #architecture, 3d, 700-page, Architecture, Big Ben, children, childrens drawing, digital art, famous, historical, Homepage trending, imagination, kids, Landmark, landscape, London, monuments, popular, recreation, redrawn, reimagine, render
My Trip To Explore The Lost Kingdom (8 Pics)
I traveled 300 kilometers to Hampi, India to explore the lost and forgotten kingdom of the Vijayanagara Dynasty at Hampi. Hampi was perhaps the second largest city in the world at the time. It was a flourishing kingdom in the 13th century. It is now a UNESCO World Heritage Site.
Hampi ruins
Queen’s Bath
Lotus Mahal
Lotus Mahal compound
Lotus Mahal
Virupaksha Temple
Stone Chariot
Virupaksha Temple
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My Trip To Explore The Lost Kingdom (8 Pics)
- Published in #architecture, #travel, adventure, Ajay Sharda, ancient, Architecture, Category featured, dinasty, forgotten kingdom, full-page, Hampi, History, India, journey, karnataka, lost kingdom, old, Pics, ruins, travel, trip, unesco, vijayanagara, World Heritage
High-End Rustic Interiors From Around The World
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Handmade ceramic home accessories, thick wood accented furniture and textured lime stucco make up earthy rustic interiors that feed the soul. In this inspiring collection of beautiful rustic apartments, we visit four different upscale homes from all over the world. We will travel to Turks and Caicos Islands to visit a home design that mixes handcrafted crafts with modern interior concepts. In Bali, Indonesia, we visit a compact modern apartment that is shaped by extraordinary curves. Our expedition to Turkey leads us to a spacious apartment with solid, custom concrete kitchen and bathroom designs, while our destination in Vietnam is a free-form dream.
Inside the rustic bedroom, a large screen divides the room into a bedroom and a dressing room. A modern wooden platform bed is laid out in front of the headboard partition wall, where the homeowners can enjoy the beautiful view through the balcony doors. Lantern-like bedside lamps add a comfortable glow after a night out.
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High-End Rustic Interiors From Around The World
Minimalist Interiors: Natural Wood Finishes
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The Minimalist Interiors can be effectively communicated by a sharp and sharp aesthetic that makes a bold effect, or it can be more gently conveyed by a soothing natural environment that arranges the soul. The two home interiors we present here today are rounded with palpable curved edges, a beautiful natural wood tone and cushioned soft furniture. Minimalist white backgrounds are warmed with creamy undertones that complement the natural hue of the honey-toned wood elements. Home accessories are few and far between. Subtle lighting patterns are threaded around the perimeter of the room to form apartments and bedrooms that are atmospheric, welcoming and soothing to the eye.
The slender fireplace extends beyond the firebox to form a floating media under the retractable projection screen. The elegant speaker that stands on it is a Bang & Olufsen Beoplay A9.
The master bedroom is dressed in natural wood, which creates a comfortable cabin-like feel. A large, comfortable chair, a slender floor lamp and a small wooden side table form an inviting reading corner. A footstool would make a welcome addition but instead a clear footpath is prioritized around the bed.
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Minimalist Interiors: Natural Wood Finishes
Captivating Pink, Blue And Green Interiors
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Pink, Blue And Green Interiors designs repel the neutral phenomenon that has swept through modern interiors in recent years. Beige and gray are not every cup of tea, especially when the time we spend at home increases a lot with remote work and flexible work schedules. Living spaces that uplift and energize are becoming key to feeding us through our days. In these two comfortable modern home designs, attractive pink, blue and green decorations form rooms that live under contrasting color-blocked murals, unique carpets, colorful accent furniture and wall art. Despite compact room dimensions, the bright accents only seem to enhance the feeling of space, light and a welcoming atmosphere.
The young owners of this colorful home remodeling wanted more open living space for improved practicality along with a more personalized look. A large window brings natural light to the living room, allowing the design to venture into a darker color palette of shades of blue and contrasting pink. Indoor plants are bursting with vibrant greenery everywhere, while bright golden accents shine in the form of a modern sputnik chandelier and a chic accent chair.
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Captivating Pink, Blue And Green Interiors
- Published in blue, decor, Decoration, green, interesting designs, interior, Interior Decoration Ideas, Interior Design, interiors, International, pink
Muted Modern Home Interiors That Promote Calm & Relaxation
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We could all do with a little more calm in our fast-paced, technologically turbulent Modern Home Interiors. Silent cream and soft white interior decoration create a peaceful fusion that promotes calm and relaxation, which is elegantly demonstrated in these three inspiring modern home interiors. Soft lighting accentuates the calm creamy and white decorative palette and sets a warm atmospheric scene for everyday life. High-end furniture forms high-end arrangements within spacious living rooms, elegant dining rooms, elegant kitchens, smart home workshops and luxurious bedrooms. Natural wood components, indoor plants and wicker accessories draw complementary natural elements into the mix, while extreme black accents build a sharp contemporary contrast.
A Spinning chairdesigned by Thomas Heatherwick for Magis, elegantly rounds out the living room furniture layout.
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Muted Modern Home Interiors That Promote Calm & Relaxation
- Published in decor, Designs by Style, interesting designs, interior, Interior Decoration Ideas, Interior Design, interiors, International, modern, neutral
Luxury Home: Smooth Wood & Travertine Interior
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Wood and silky smooth travertine elements form this Luxury Home interior of 250 square meters. Designed by Studio Denew, this chic apartment is bright and spacious, with high ceilings and upscale furniture. Furniture follows a lacquered palette of cream and greige, and carpets are unadorned and underrated. The refined decorative palette allows the thread of custom wood and travertine details to retain the spot without becoming overwhelmed by a bright color or pattern. The result is a quiet, peaceful place to live, with soothing bedrooms and relaxed bathroom designs where homeowners can be rejuvenated. Fashionable fluttering textures flow everywhere, along with high-quality infusions of indoor greenery, and gentle light patterns.
As we move into the formal dining room, we discover a striking installation of smoked globe hanging lights. The dark dining table completes the tinted glass, while a set of eight modern dining chairs lightens the look with creamy upholstery. Fluted glass distorts the contents of a lighted curious cabinet behind the contemporary dining set.
Directly adjacent to the dining room, the kitchen is open plan with a central island. Three kitchen stools line up along its edge to form a casual breakfast bar. Two linear hanging lights fall at different heights to create a layered look that spans the entire length of the dining bar. Behind, a combination of color-matching cream kitchen units and wood-effect cabinets make up a crystal-contrasting design.
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Luxury Home: Smooth Wood & Travertine Interior
- Published in home, home design, house, house design, house tour, House Tours, interior, Luxury, wood
Minimalist Family Home: Flowing Lines
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This fresh and bright Home Interior is the FRND House, where natural materials and colors connect with the outside environment. Designed by MCORP Architects, the 165-square-meter project was designed for a young family who wanted a minimalist and airy base that promotes comfort. Flowing lines have become the hinge concept for the project, which helps in easy flow for everyday family life. Large windows keep the family connected to their attractive garden and bring natural light to the open-plan living space throughout the day. The children’s rooms are enhanced with colorful accents, in shades of breezy sky blue and a warm shade of khaki.
The projection room has a retractable screen that goes down in front of a wall mounted TV. The wooden panel that supports the sofa area continues perfectly up and over the ceiling to join the media wall on the opposite side of the room, forming a comfortable cabin-like cocoon. Slim floating media underlines the wood paneling with a clean white finish.
Bela sloth toy nests on the raised sides of the upholstered cot, which sits on an upholstered window seat.
The family bathroom has a simple, raw concrete decoration that is covered with a smooth white pictured crown. Natural light floods into the narrow space through casement windows and perimeter LEDs add to the brightness. A minimalist shower enclosure closes a large shower area next to the wall-hung toilet. Wall-mounted toilet accessories keep the flooring looking clear and spacious.
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Minimalist Family Home: Flowing Lines
40 Ensuite Bathrooms: Design Tips and Ideas
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There’s nothing like the opportunity to get out of bed and go straight to your own bathroom. Or, taking long, loose night bubbles right next to your bed. Modern in-bathrooms are becoming more and more integrated with the bedroom, whether with free-flowing open plan arrangements, wide arched doors, or glass murder designs. This special selection of 40 in-bathroom bathrooms shows you how to style fabulous in-bathroom spaces that you will love to look at from under your cover. From extraordinary rustic and rock-lined interiors to modern elegant marble wonders, both luxuriously large and comfortably compact, this inspirational collection has it all.
Back to nature. Bathing takes people down to their natural form, so a naturally kissed intricate bathroom scheme seems especially appropriate. Install a vertical garden to wrap your space with greenery. Pebbles can form a garden-like path to the tub, while pebble rugs and puffs take the aesthetic into the bedroom.
Bathrooms building blocks. If you have the floor area, consider fragmenting your bathrooms into separate blocks that complement the whole picture. This abstract arrangement gives couples more space to comfortably share the facilities without feeling crowded, and without cutting into two separate bathrooms.
- |
- Designer: Hannah Smith and Jeremy Witt
- By: To live
Do you want to enjoy the garden view, but are too afraid that the gardener might appear unannounced? A small privacy screen will cover you.
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40 Ensuite Bathrooms: Design Tips and Ideas
- Published in bathroom, bathroom design, Bathroom Designs, bathroom vanities, bathtubs, International
Buying vs. Building: Pros & Cons of a Corner Plot
Are you confused about a suitable location for investing in a Corner Plot? Are you unsure about where to start?
Investing in a real estate property can be a tough decision to make when you are new to the market and are not up to date with its real estate trends.
Finding the right location can especially be challenging as you have to weigh the risk factor and potential worth of a wide range of options available to you. It’s not just about which area makes your work commute shorter or brings you more entertainment facilities – a prime location can define the actual value of a plot or a house in the long run. For instance, corner plots are usually high in demand and relatively more expensive because of their high net value.
Feeta.pk discusses all the pros and cons of investing in a corner plot to provide clarity and help you make a decision.
Pros of Buying or Building a Corner Plot
These are some of the perks that you can enjoy with a corner plot or house:
Clear View of the Street
First and foremost, corner plots can provide you with a clear and unobstructed street view. In the case of other types of plots, residents usually only get to look at the front lawn of their next door neighbor from their balconies or windows. This, hence, increases the value of a corner house.
After all, what would you prefer: the view of your own yard or a beautiful park in your vicinity?
More Parking Space
Source: Wigantoday
One of the most popular reasons for investing in a corner plot is to enjoy the perks of more parking space. Due to the increased population in big cities, parking has become a difficult and cumbersome issue. Corner plots provide the benefit of ample parking space next to the property as well.
A hack for creating more indoor parking space is turning your lawn into a garage (after getting approval from the relevant authorities) and then securing it with a gate.
Natural Light and Better Ventilation
Source: Glassonweb.com
Corner plots are not surrounded by other properties, which results in better ventilation and more sunlight filtering through the house. Both are essential for maintaining a healthy lifestyle. Additionally, the constant airflow can help prevent bad odors, moisture and pollutants. The natural sunlight can also make your room look brighter.
Good Design Options
Source: Trendir
If you are someone who would prefer to design your house yourself, corner plots would give you more freedom to do so.
Since corner plots are not surrounded by other plots and are also usually bigger in size, it makes it easy for you to get creative with the additional space.
For example, if you wanted to build a bigger balcony on the second floor of your house, it may become an inconvenience for other residents on the same street because it will overlook the front of the house. However, if it is built on a corner plot, you wouldn’t have to face such issues.
It is important to keep in mind that, if you are planning to buy a property in any housing society, you would have to ensure that you abide by the construction laws of that specific area before planning any such projects.
Extra Yard Space
Source: Pinterest
Another reason why corner plots are higher in price than any other property is that they provide the benefit of more yard space.
Usually, corner plots have two lawns. You can grow one into a garden with outdoor furniture set up, and use the other as a space for your kids to play around.
These ideas will aesthetically add to your house, which will eventually result in increased resale value.
Cons of Buying or Building a Corner Plot
Now that you are aware of the benefits of investing in corner plots, let’s find out some of the drawbacks of investing in such properties.
Dealing with Pedestrian Traffic
Source: driveandstayalive.com
If you are planning to buy a corner plot or house, you should keep in mind that there will be a lot of foot traffic that you would have to deal with.
For example, if your house is close to a market or school, a lot of people will walk past your house to get their errands done, pick up their kids, etc, which can eventually cause privacy issues for you.
Noise Pollution
In comparison to other properties, people living in corner plots have to face a lot of disturbance resulting from car horns, traffic jams, etc. This gets worse if your house is near the main road or a busy intersection.
Other houses in the neighborhood have to deal with noise pollution only to a limited extent, whereas you would be exposed to noise pollution from both sides of the property in a corner house.
More Maintenance Required
Source: fantasticgardeners.com
Extra space requires thorough and regular maintenance, so a lot of your effort and time would be consumed in landscaping.
Corner plots and houses have more exposure and higher visibility, thus, you would have to take extra care of the exterior as well. It would also be more costly as you would be responsible for the upkeep of a larger property.
Vulnerable to Robberies
Source: safestyle.com
Corner houses are more susceptible to break-ins, depending on their visibility and location.
If your house is visible from the adjacent street, or if it is constructed in a way that anyone walking outside your house can see or hear you, this can result in more risk.
Excessive Lights
Source: BBC.com
There are also increased chances of light pollution – the outdoor artificial lights can be intrusive at night-time. For instance, people who live in corner houses would have to bear the headlights of every passing car. Usually, street lights are installed at the corner of the street or at the intersection next to the house. Their bright and harsh light can prove to be disturbing for your sleep, and also contribute to the increase of carbon dioxide in the air.
Conclusion
Just like every other property, corner plots have their own set of advantages and disadvantages. Every plot has its own perks, but its value largely depends on the location.
If you want to know more details before making an investment, you can visit Feeta.pk and have a look at different guidelines.
Buying vs. Building: Pros & Cons of a Corner Plot
- Published in International, Real Estate Guide
How to Choose a Real Estate Agent
This is why hiring a real estate agent would be the most appropriate approach to handle the stress – Buying or selling a house is one of the biggest financial decisions you will ever make in your life. While it may be tempting to avoid hiring one and sell/buy a home yourself, the costs still outweigh the benefits. For instance, you may not be able to devote as much time to potential buyers; you wouldn’t know how to market your property effectively, or you may not be aware of the nuances of the local market.
This is why you need someone who knows the ins and outs of the market. The right agent can ensure that your property is sold at the best price or that you get the best value in the market for a new place. However, with so many options available now, it can be difficult to decide which one to choose from. It can especially be tricky to filter out people who are looking out for your best interests from those who are just looking for ways to make quick money at your expense. Graana has compiled a few factors that you should consider during the decision-making process.
Experience Matters
It takes time and effort to build a track record with quality inventory, so hiring someone who has handled several housing transactions would be your safest bet. A real estate agent should be able to make competitive offers or negotiate with sellers on your behalf – and that can only come from relevant experience. Skilled agents would also be up to date on the latest trends and patterns in the industry.
Internet sources now have a lot of information at our disposal to make informed decisions and avoid costly mistakes. Conduct thorough research on your prospect agent’s digital presence, for example, their listing materials website etc.
However, a long work history doesn’t necessarily mean that all the information provided would be authentic. To counter that risk, do a preliminary interview with them to get an idea about their strategy. For instance, ask them what they have sold in the last month; how much time they take to finalize a deal; what type of properties do they have the most experience dealing with, etc. You can interview multiple prospects before hiring the best prospect. The one who is most prepared for their presentation would be more likely to put in more effort in working for you.
Also research according to your individual needs. Just because one seems good at their job, it doesn’t mean they would be the right fit for you. For example, the priorities of first-time homebuyers may be different from those of repeat buyers, and they would want a real estate agent who has worked with similar clients.
According to Corey from Buy Yo Dirt, real estate is not an easy business, and the land is loaded with land mines that can wipe out your profits. That’s why it’s crucial to perform extensive research before diving in, so you’re aware of all the benefits and drawbacks of real estate investing. When looking for a property that is profitable, there are some crucial factors to consider.
References and Referrals
There is no bigger credible factor than a referral from a previous, satisfied client. You can also ask your friends, family or other people in your network for an unbiased opinion. If you don’t have direct contact with any, ask the real agent to provide you with references before signing a contract with them.
You can contact other agents as well to see what rapport they have in the market. Online reviews are helpful too – they also give you a chance to check how the agent responds to negative feedback.
Support Staff
Usually, real estate agents are handling multiple clients at a time. Look for someone who has the ability to cater to you regardless of how many people they are dealing with. Also, ask upfront at the beginning about the availability of support staff so there is someone always at hand to answer all your queries.
The Right Fit
Decide which qualities are most important to you and look for that in your real estate agent. For example, do you want someone who is available to talk on the weekends?
Be straightforward and clear about your requirements from the start. Technically, they should be asking you questions and taking your opinion every step of the way. Most real estate agencies already own the technology to filter and find suitable living options for you. However, if you are still not coming across a property that you want to explore or is within your price range, it means they are just looking to benefit themselves.
If you feel like you both are on different pages, you always have the option to find someone else; don’t feel obligated to compromise, especially if the agent is exerting any pressure on you.
Local Area Expert
If you are concerned about only a specific area (either for selling or buying), you can narrow your search to find an expert in that neighborhood. If you have friends or family in the mentioned area, you can ask them to recommend an agent too.
This would give you the advantage of being able to rely on someone who has a stronger understanding of property rates. According to Ryan from Sound home Buyer, a local area expert is crucial in the overall real estate process.
Realistic Expectations
Buying or selling real estate is a long, complicated process with multiple factors involved, and you need someone who is honest with you about that rather than paint an optimistic picture. The associated risks of your decision should be openly communicated to you, backed with facts and figures in terms of investment analysis, long-term impact etc.
The Fine Print
Take a closer look at the proposed contract before signing on the dotted line. It should state the terms you both have verbally agreed upon, including the commission the real estate agent would receive. Also, pay attention to the length of the contract – real estate is a seller’s market today so selling a property, for example, should only take 6 months or less. If the contract exceeds this time period, it would be best to hire another agent.
According to Bret Arrington From AIP House Buyers, if you want to sell your property fast, you should hire highly professional real estate agents.
In the hyper-competitive real estate market, it is best advised to hire a real estate agent to help you navigate through the long process of paperwork, negotiations and large sums of transactions.
How to Choose a Real Estate Agent
- Published in International, Real Estate, real estate business, Real Estate Guide, real estate market
40 Aesthetic Dining Rooms: Tips & Inspiration
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Dining rooms are special places where treasured memories are made. They are the place where we gather with all our family and close friends to break bread and celebrate the most special occasions and annual holidays. They are the place where birthday wishes are made on the glow of cake candles and where hearts are healed over a hot cup of tea. Dining rooms deserve our proper attention and yet they are often brushed compared to living rooms and kitchens. This collection of 40 aesthetic dining rooms aims to inspire dining rooms that will honor every family meal time and every important occasion.
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40 Aesthetic Dining Rooms: Tips & Inspiration
All About Property Mutation in Pakistan
Property Mutation, Once you have completed all the formalities of a real estate transaction, the next and final step is to register the said property under your name to make it official in government records. This is known as the mutation of a property. It refers to the entire process in which the title of ownership of a property is transferred to another person. Simply put, it is the title deed (also called a conveyance deed) needed to have the property under your name.
Feeta.pk has compiled all the basic details that you need to know regarding the property mutation process.
When do you need a mutation certificate?
- When you buy a property
- When you inherit a property
- When you receive a property as a gift
- When you purchase a property through a power of attorney
How do you apply for a mutation certificate?
Since obtaining the mutation certificate is not a legal obligation, many new property owners postpone the process. However, the mutation process should ideally be started as soon as possible once the property has changed hands – at least within 3-6 months of the land purchase. Without it, the buyer may risk facing issues in obtaining complete legal ownership of the property in question.
The process just comprises a few, simple steps:
- Visit the land administrator’s office in the concerned area (where the property is located) and submit the required documents. These may also vary according to circumstances. For example, if this is a mutation of the property after the owner’s death, applicants would have to submit a death certificate, succession certificate, etc. You can cross-check on the government website or call on the helpline for further information, but you would still have to visit the municipal body to hand in the papers.
- Both the seller and buyer have to appear with two witnesses and the sub-registrar will hear their verbal agreement for trading the property.
- This will be recorded in the Inteqal (Mutation) Register, and you will be handed a receipt.
- Afterward, you would have to submit a nominal process fee to the National Bank of Pakistan (this will be just a one-time charge).
- There will be a physical verification of the site by the relevant authorities.
- The municipal body may take up to a month to update the record, after which they would issue the mutation certificate.
Why is it important to get a mutation certificate?
Even though it is not a legally binding document, the mutation certificate is still necessary for several reasons:
- It serves as additional proof of ownership.
- You will be able to record the property under your name in the municipal local body.
- It can also be required when applying for utilities, such as electricity and water services.
- It may also serve as a tax record.
- You would need it if you want to sell or transfer your property to someone else in the future. If you are unable to produce a mutation certificate before potential buyers for verifying the chain of ownership, you may risk the sale of your asset.
- In case of land dispute, corruption or hostile takeovers, the mutation certificate can help challenge false claims in court.
- All immovable assets (individual homes, apartments, land, etc.) are subject to property tax payment, and mutation is just a way to ensure that. The certificate is required by the government to fix the property tax liability and other levies on the rightful owner.
- It can also help you correct any errors in the records in case there is an unauthorized transaction.
What is the difference between registration and mutation?
There is some ambiguity over the difference between property registration and mutation since the purpose of both seems similar. Property registration refers to the process in which you claim legal rights on a property by registering the sale under your name. The process of mutation, on the other hand, is the buyer’s responsibility and can only be initiated once the property registration has been executed.
Property Registration | Property Mutation |
Also called a baye-nama | Also called inteqal |
Mandatory process after transfer of property | Not a legally required process after the transfer of property |
Legalizes the actual sale of a property | Transfers ownership of the property |
A sale deed | Does not require a sale to take place; it applies to inherited and gifted properties too |
While the key differences between the two are just a few, it is still important to know the significance of each to avoid any potential problems or confusion in the future if you choose to resell the property. This is why it is advised to acquire both in the beginning.
If you are looking for more information on the real estate processes in Pakistan, you can visit this link.
All About Property Mutation in Pakistan
The Ultimate Guide to Selling Property in Pakistan
Selling and Transferring Property in Pakistan is a regular occurrence in the country, where hundreds and thousands of people sell and transfer property. For those familiar with the process, the transferring procedure might just be a piece of cake. But for people who are new and confused about where to start, you’ve come to the right place.
Before we jump into the tricky aspect of this process, let’s clear the air about what exactly transferring property means and why it is an essential aspect of buying and selling property in Pakistan.
What do we mean by transferring property?
As per the law, any individual who owns a property should have the land or property verified under their name. The land should be under the designated ownership; only then can they sell the property to themselves. This is the basic requirement of selling a property.
In Pakistan, the transfer of any property generally consists of the owner transferring the title of the land from one person to the other. Transferring property can occur in multiple ways for various reasons, such as a mortgage, gift deed, inheritance, lease, exchange, etc. All such explanations are why transferring is an essential legal procedure.
Who is eligible to transfer property?
All individuals who can sign a contract are authorized to transfer property ownership in Pakistan. According to the Contract Act 1872, a contract is claimed as a binding agreement between two parties, meaning that it is a legally binding document for any sale and purchase of land in the country.
There are a few exceptions for people who are not eligible to transfer a property:
- Minor: Anyone under the age of 18 is a minor and therefore cannot carry out the process.
- Unstable Individuals: Someone who cannot understand the consequences of their actions, for instance, that of a mentally ill person. Other reasons can be permanent or temporary physical disability such as a Coma etc.
- Legally Barred Individuals: Someone barred from signing contracts cannot transfer property in Pakistan.
What are the steps involved in transferring and Selling a property in Pakistan?
The transferring process, although time-taking, is a simple and easy process with not many legal proceedings. We’ll break down the process into different steps to help you better understand.
Token (Bayaana)
This is the very first step of selling after you’ve successfully secured a client. This involves the buyer giving approximately 1 / 4th of the total price. If not the exact percentage, there is an agreed amount between the buyer and the seller to indicate an agreement from both sides of the party.
The Token (Bayaana) is given by the buyer with a series of negotiations and based on a contract, in which all details are specified. After this, the seller holds negotiations with any other potential buyers.
Usually, a specified period is set and written in the contract for the full amount to be paid. If the sale falls through, the token is returned. But if the full amount is not paid in the specified time, the seller has no obligation to return the token, even if the sale doesn’t go through.
What is a Property Sale Agreement and how can we get it?
A sale agreement contract is a set of required documents that include all information related to the seller and buyer involved in the transfer process. In Pakistan, these are the required documents that are attached with the Bayaana form:
- Complete details of the property with the property owner’s verified name
- Terms of sale for the property
- The total amount of money which the property is being sold for
- Final date for the buyer to pay the remaining sum of money
What is the complete list of documents required?
To carry out the transfer process smoothly, you need to collect the following documents organized. You’ll need:
- Recent Passport Photos of both parties involved (Buyer and Seller)
- Photocopies of National Identity Cards of both parties
- Original Purchase Deed of the Seller (From the time they purchased the property)
- The original ‘Sale deed’ which is the agreement contract between both parties
This list of documents can also include some more documents depending on the province, region, area, etc. (A lot of documents, we know, but verified property takes tough measures!)
- A ‘Record of Rights’ also known as Fard-e-Malkiat, is a form that can be obtained by the seller from the property registration office. This guarantees that the property is under the name of the seller.
- You’ll need a Non-Demand Certificate (NDC), a document that shows you don’t have any fine due on the property. Depending on the location, you can get this from the local development authority’s office.
- For properties in private housing schemes, there is the need to request a letter from a particular society to carry out the property transfer. This can be used in place of the Fard-e-Malkiat document.
Possession of Stamp Paper and Tax Payment
This is one of the essential and final steps of the transfer process. You’ll need a stamp paper to draft the deed for the sales; that will be the contract for the sale. You can choose. Buyers; will be required to pay stamp duty and taxes during this step.
Let’s take a look at this easy breakdown of the tax duty involved:
- Stamp Duty 3%
- Capital Value Tax 2%
- District Council Fee 1%
- Fixed Registration Fee PKR500 (Can differ as per govt. Order)
Drafting the Sales Deed
In Pakistan, the sales deed is usually recommended to be drafted by a property lawyer or a property agent aware of the bylaws and the rules involved in the process. This is a particularly safe option to avoid any complications that might arise in case you are doing it yourself.
Although, people who are selling and buying property as a business have become familiar with constructing the ideal draft for this deed, which can be done easily with the help of the internet. However, the common practice and recommendation are to take the help of a lawyer to avoid any future complications that may occur.
What do we do after drafting the Sale Deed?
Finally, after a long process, you’ve reached the last step. You can take the sales deed (inscribed stamp paper) along with the required documents to the registrar’s office. From here, the sub-registrar will call both parties simultaneously and hear their verbal agreement for the trading of property.
You’ll need to sign the documents and put in your fingerprint to verify the final sale and complete the transfer process. Once this is done, the official will register the sale deed successfully, then the transfer process is complete, and the property is now successfully transferred to the buyer.
How much is the Commission for the Property Dealer Involved?
If you’re wondering what the person who helped you secure a client and help you proceed with the sale and transfer of the property is, there is a commission that the dealer/agent gets from the client. Although there are no specific laws to govern and record the work of real estate agents and dealers in Pakistan, the general practice remains a constantly changing variable and experiences changes from time to time.
Usually, the commission of property agents comes to around 1% of the total value of a property. This 1% of the value is each from the buyer and seller as the commission to the dealer. If the buyer and seller both have different agents, then both agents get to keep a 1% commission each from their own clients. Sometimes, property agents will ask for as high as 2% of the property value, or even lower than 1%. The amount varied according to the success, reputation of a property dealer, or property value.
Suppose you’re looking to learn more about the legal aspects and procedures involved in property buying and selling. In that case, you can stay connected with our blogs at Feeta.pk, where you can easily find comprehensive information to guide you through the real estate market.
The Ultimate Guide to Selling Property in Pakistan
- Published in Housing Schemes, Infrastructure, International, Property Business In Pakistan, Property Consultant, Property In Pakistan, Property Laws, Property News, property sell in pakistan, property selling, Real Estate, real estate business, real estate buyer sales, real estate financing, real estate goals, Real Estate Guide, real estate investing, real estate investment, Real Estate Investments, real estate market, Real Estate News, Real Estate Trends, USA
Things you need to know about House Flipping
House flipping is one of the most common ways to earn money through real estate in Pakistan. If you have ever seen people who buy properties that are almost in ruins and, after a series of renovations, turn them into spectacular homes that later make good profits when they sell them, and you wonder how they do it, you are at the right place.
This blog brings you things you need to know about house flipping. To learn more about house flipping in Pakistan, keep on reading.
What is house flipping?
Flipping is a quick profit strategy in which an investor purchases real estate at a discounted price and then improves the property to unload it at a better price. Instead of buying a property to live in, the person buys a house as a real estate investment.
It is worth mentioning that the primary purpose of flipping is to buy low and sell high. In short, flipping, also known as grand real estate investing is a type of real estate investment strategy in which an investor buys a property not to use it but to sell it for profit.
How do investors make money through property flipping?
This gain generally stems from a price appreciation arising from a hot real estate market in which prices are rising rapidly or from capital improvements made to the property, or both. For example, an investor could purchase a property in a “warm” neighborhood, do significant renovations, and then offer it a price that reflects its new look and amenities.
Currently, in the absence of inventory, tearing down and rebuilding houses can be an extremely lucrative strategic investment form in the face of a poor housing market. Older homes are usually at low prices and favorable mortgage rates allow borrowers to purchase the property with ease.
Things you need to know about house flipping:
Following are some of the things that you need to consider before flipping property in Pakistan.
Consider your finances and associated costs:
Real estate requires capital. The first cost is the cost of acquiring a property. While interest on borrowed money is tax-deductible even after the Tax, it is not a 100% deduction. Every rupee spent on welfare is added to what you have to earn from the sale to cover costs.
Do extensive research on your financing options to find out which type of mortgage is best for you, and find a lender that offers low-interest rates. An easy way to research financing costs is to use a mortgage calculator, which allows you to compare the interest rates offered by different lenders.
Of course, paying cash for the property eliminates the interest cost, but even then, there are property holding costs and opportunity costs to immobilize your money. Renewal costs must also be taken into account. If you intend to repair the home and sell it for a profit, the sale price must exceed the combined cost of the acquisition, the cost of maintaining the property, and the cost of the renovations.
Even if you manage to overcome the financial hurdles of scaling a home don’t forget about capital gains taxes, which will reduce your earnings.
Time constraints:
It is time-consuming to renovate houses. It will take months to find and buy the right property. Once you own your home, you will need to spend time getting it fixed. If you have a day job, the time spent on demolition and construction can be a wasted afternoon and weekend. If you pay someone else to do the work, you will spend even more time than you would expect to monitor the activity, and the costs of paying others for profit will decrease.
Once the work is complete, you will need to schedule inspections to ensure the property meets applicable building codes before you can sell it. Otherwise, you will have to spend more time and money to give it up somewhat.
By showing it yourself to potential buyers, you can spend a lot of time traveling to and from the property and in meetings. If you use a real estate agent you will be owed a commission.
It may make more sense for many people to stick to a day job, where they can earn the same kind of money in a few weeks or months regularly, easily roll without risk, and with a consistent time commitment.
Skillset:
Professional builders and skilled professionals, such as carpenters and plumbers, often trade houses for income alongside their regular jobs. They have the knowledge, skills, and experience to find and organize a home. Some also have union jobs that provide unemployment checks throughout the winter while working on their side projects.
The real money in a house exchange comes from equity. If you’re handy with a hammer, enjoy laying rugs, and can hang drywall, roof a house, and install a kitchen sink, you have the skills to flip a house.
On the other hand, if you are unfamiliar with the instruments, you will have to pay a professional for restorations and repairs. And that will reduce the chances of you getting a substantial return on your investment.
Lack of information:
To be successful, you know how to choose the right property, in the right location, and at the right price. Even if you have a lifelong argument (putting a house together at, say, the closing of a song), it’s crucial to know which restaurants need to be done and which ones to skip.
You also need to understand the applicable tax and zoning laws and know when to cut your losses becomes, learn to find out before your project turns into a cash hole.
Not patient enough
Professionals take their time and stay on the right property. Newbies rush to buy the first house they see. They then hire the first contractor to make an offer to tackle the work they cannot do themselves. Professionals do the work themselves or rely on a network of predefined, trusted contractors.
Newcomers hire a real estate agent to help them sell the house. Professionals rely on the efforts of the “owner for sale” to minimize costs and maximize profits. Newcomers hope to go through the process, put on a coat of paint, and earn a fortune. Professionals understand that it takes some time to buy and sell homes and that profit margins are sometimes tight.
Inspect your new home:
Check the box or electrical circuit board, making sure that the labels next to each switch, such as kitchen, bathroom, living room, etc., are located correctly. Do this by removing or unplugging each switch (one by one) to find out which room in the house they belong to. You can also hire an electrician to check the state of the electrical box (panel or panel) and if it needs to be repaired or replaced with a new one.
Check your fire alarms and carbon monoxide detectors to see if they are working well, need batteries, or be replaced.
Contact utility companies:
When you get to your new home, you will want essential services, such as electricity, gas, water and sewerage, cable, Internet, and telephone. So contact those companies in advance to set the date of transfer of those services to your new address.
Update essential documents:
One month before moving in, update your driver’s license, vehicle registration, and voter registration card.
These are some of the things you know about house flipping. Flipping houses for a living is getting popular by leaps and bounds because house flipping profit is excellent.
Give these pointers a read and incorporate them into your next purchase. This blog is especially beneficial for people who want to know about property flipping and flip houses for beginners.
To know more about real estate trends, visit the Feeta blog.
Things you need to know about House Flipping
Real Estate Strategies for beginners
Real Estate Strategies, Suppose you want to join the real estate investment community to grow your assets and plan your future to live on income. In that case, you must first evaluate the different alternatives to participate in the sector. Some require a more significant investment of time or money than others and experience or knowledge about the industry. In this blog, we bring you a list of real estate strategies for beginners that they can use to excel in the real estate industry of Pakistan.
To know more about these strategies, keep reading.
Vacant spaces:
Vacant spaces, including land, are among the few assets in the world whose price appreciates over time. This type of investment gives value to areas of your property that are not occupied or of little use, such as guest rooms, parking lots, basements and ceilings. It works for both seasonal and long-term leases. It is ideal for beginning investors unfamiliar with market values or the practice of leasing entire properties.
In short, one of the best strategies to increase your real estate portfolio is by investing in vacant land.
Leases:
It is the most common earning mode. In this case, you buy a property to lease it, either in the short term (temporary or vacation) or long term (more than six months). You can focus on having multiple tenants for a property in different periods (winter or summer, vacations, holidays, AirBnB style) or opt for the traditional lease to a single person for a specified time.
Buying and selling:
In this strategy, your focus is on acquiring and reselling residential properties in areas of most significant demand, close to high-traffic public spaces (supermarkets, metro stations, bus stops). It requires you to study well the prospects before investing and the regulatory plans of the target zones.
Manage properties:
Under this strategy, you buy and lease properties and offer administration services, from paying everyday expenses to technical maintenance checks, such as plumbing and electricity.
Renewals:
In this strategy, you buy houses at a low price and need repairs; you completely renovate them and then sell them at a higher price. The challenge here is to manage knowledge and values of masonry, design and architecture work.
Real estate funds:
The investor invests in real estate indirectly through a private fund dedicated to buying or developing properties for sale or rent. The profits of the projects are distributed among the contributors of the fund as dividends. The industry initially began focusing on corporate buildings and offices, but later expanded into the housing sector.
Invest in auctions:
In this case, the investor acquires the real estate in an auction process with the sole purpose of reselling it later at a higher price. This type of investment is attractive because the property went through the bank first. Therefore the property’s papers and debts are up to date.
Keep in mind that all these investment alternatives have natural limitations, such as the location of the property, its accessibility, and current demand, as well as artificial ones, such as co-ownership agreements for office buildings and apartments and condominiums debts associated with real estate.
Be informed:
Although it is not necessary to have studies or a degree to dedicate yourself to investing in the real estate sector, it is essential that, when you are in the business, you know basic concepts of the industry, such as the price/cost differential, capital gains, generation value, the profile of the investor and the type of property. The fact that you do not master the vocabulary of the world in which your company operates can lead, at least, that people distrust you.
In this sense, a fundamental behavior to be more and more informed about the business is to listen carefully to people associated with the company. In this way, you will not only be able to access privileged information about your clients, but you will also gain more and more confidence in your expertise.
This same practice will affect your pricing method. Whether you are based on margins, target prices, demand, competition or the highest possible value, it will always be essential to be informed to define the amounts of your business most appropriately.
Have a plan:
Discipline always translates into success, and this habit has much more to do with being active and constant at work than being rigid and unable to react to changes. This is why, when we talk about having a plan and abiding by it, what you must understand is that before entering the real estate market you should take some time to design your business plan.
This plan will help you establish critical aspects, such as the vision and goals of your company. Still, it will also encourage you to protect your business with a series of rules that ensure the decisions you will make throughout your career as an entrepreneur in the field.
You will be able to establish specific things such as your target market, selection criteria and even the selection criteria of your properties. Put yourself before problems through a contingency plan that consider your investment’s risk analysis and the financial viability of a purchase or a sale.
Find allies:
The real estate business tends to be independent and lonely because it allows practitioners individual freedom and flexibility compared to other jobs. For the same reason, it is advisable to go to good allies to maintain a good network of contacts and grow in a highly competitive and agile market.
With allies, we mean reading books that teach methods to achieve financial “good health” or encourage the practice of habits to be effective in business, even attending courses and seminars designed especially for people who want to learn everything necessary to function. Successful in the world of real estate investment.
It is also advisable to interact with real estate agents and financial advisers to listen to their experiences and opinions, but above all to finish inserting themselves more and more into the beautiful and complex world of real estate.
Finally, a good idea to become a great real estate investor is to interact with ordinary people who are examples of success, either due to their personal experiences or economic fluctuations in business in general and within the field.
It is a type of inspiration that you can also find in opinion leaders with a good presence in social networks and participation in books, courses and seminars in the field.
So, these are some of the strategies that beginners should keep in mind while entering the real estate market. Make use of these strategies and excel in the real estate market of Pakistan.
Real Estate Strategies for beginners
Scandinavian Home Interiors Six Different Ways
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Scandinavian Home Interiors goes from strength to strength, appealing to our appreciation of clean lines, airy living spaces, and our need for everyday practicality. This collection of inspiring Scandinavian home designs explores six different ways to customize the aesthetic. We start with a creamy and serene elegant apartment where indoor plants meet natural wooden elements. We follow with a colorful Scandi interior that uses pink and kerchy accents to elevate and customize a neoclassical setting. Beige, gray, and beige decor colors of home number three, while design four resides in the minimalist monochrome domain. We end up with a classic Scandinavian-style black-and-white contrast, and a book lover’s home with a quiet mezzanine workshop.
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Scandinavian Home Interiors Six Different Ways
- Published in decor, Designs by Style, home, Home Decor, home design, house design, interior, Interior Decoration Ideas, Interior Design, interiors, International, scandinavian
A Book Lover’s Mid-Century Modern Home
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Mid-century modern elements add style to the home of this comfortable book lover, layering a contrasting color over a rich wooden tone. Designed by NDB Design’s Ni Dongbo, a lack of architectural features has been overcome by creative interior treatments of sculpture, wall art and literary treasure. Mid-century modern accent pieces are combined with contemporary components to create an interesting, eclectic style that keeps the eye moving and the mind wandering. Crisp white walls provide a fresh backdrop for the bright, prominent furniture and make a quiet frame for two well-stocked home library walls. The unique home is covered in natural greenery that just combines the interior with abundant outdoor views.
The large open plan residential location is located on the second floor of the home. Beneath it, the entrance and modern staircase design are full of bright natural light. As if presenting the theme of this book lover’s apartment, an embedded bookcase is carved into the white stucco wall of the lobby. A high stepped back chair and a unique side table make up a sculpted furniture arrangement for reading under the stairs.
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A Book Lover’s Mid-Century Modern Home
Buyer’s Market vs. Seller’s Market: Know the Difference
Would you like to sell or buy a home at the best time of year? Despite the fact that certain seasons may be busier than others, the fluctuations in the real estate market are much more influenced by supply and demand than by the time of year. Keeping an eye on the housing market is one of the most important things to watch and watch out for whether you’re in a buyer’s or seller’s market in your local area.
Everybody wants the best deal on a new home, but it’s not always easy. In the wake of the COVID-19 pandemic prospective homebuyers have had a difficult time answering the question, “Why are houses so expensive at the moment?”.
In order to save on a new home and avoid overspending on the mortgage, savvy homebuyers try to time their purchases around buyer’s markets.
When purchasing a house, it is important to know the difference between buyer’s markets and seller’s markets. Let’s find out more with this blog.
What Is a Buyer’s Market?
Buyer’s markets occur when more homes are for sale than buyers are available. It means that more homes are listed for sale than there are buyers. Buyer’s market often refers to the state of a market where there is relatively more inventory than demand.
Lower home prices are an indicator of a buyer’s market. A seller’s home will often sell for around the listing price or even less in a buyer’s market. You cannot raise your asking price much without causing buyers to look at comparable homes offered by other sellers in your neighborhood.
Due to the volume of competition, sellers are at a disadvantage. Many sellers decide to accept a lower sale price instead of waiting for the right buyer to come along.
Seemingly longer than average time on the market is another sign of a buyer’s market. There’s likely a buyer’s market if the for-sale signs aren’t replaced with sold signs as you drive through your neighborhood. There is little chance of seeing a bidding war over a house on the market. With so many homes available, buyers are unlikely to spend more than the asking price.
What is a Seller’s Market?
During a seller’s market, the number of buyers overrules the number of available homes on the market or when there are more buyers than available homes. A single property often attracts multiple buyers, resulting in a bidding war. Selling your home in a seller’s market can be a great option because you can get a higher sales price than your listing price, or at least more than your bottom-line price (the lowest price you’re willing to accept for your house).
Be aware of the seller’s advantage when buying a home in a seller’s market. The advantage of getting a lower sale price on a property that other buyers are interested in is unlikely if other buyers are also interested.
An offer made by a competing buyer could cost you the opportunity to buy the property. The seller’s market is sometimes referred to as a renter’s market because sometimes prospective buyers must continue renting until they can raise their down payment and compete with other buyers.
According to a licensed realtor from FL Cash Home Buyers – the key to selling a property fast is to utilize as broad of a net as possible for buyers. The key to this is to find the right realtor. Realtors can help sell a house not only quicker but usually more profitably and as legally correct as possible.
The market for Buyers or Sellers? Find Out with These 4 Tips
A buyer’s or seller’s market can be determined without being an expert in it real estate. The easiest way to tell can usually be found by looking at current and recently sold listings.
A buyer’s market has the following characteristics
- Sales of homes are slow
- The homes sell for less than the list price
- The home price index is declining
- There are many homes available for sale
A seller’s market has the following characteristics
- Houses sell quickly
- The home sells at or above the listing price
- The price of homes is rising
- There aren’t many homes for sale
A Few Tips for Buyers
When there are limited housing options and a lot of buyers are interested, time is of the essence.
- A seller’s market is an excellent time to act fast if you find your dream home. Those who hesitate over a house they want to buy may find it is no longer available by the time they are ready to negotiate. Getting pre-approval for a loan before you need it will ensure financing.
- Make sure you know you’re at a disadvantage before you make an offer. There is no need to push for specific closing dates, concessions, or contingencies in a seller’s market. Make sure you focus on what’s important to you. Make sure you think twice about stipulations you want to be written into the contract. Make an all-cash offer if possible. Since cash buyers don’t have to deal with financing issues, sellers prefer them.
- Having patience is crucial when you keep losing out on the homes you are interested in. Don’t get discouraged if you keep losing out on homes you are interested in. Frustrated buyers end up suffering in a seller’s market. Many inexperienced bidders engage in bidding wars to get the home they want, even if the home isn’t worth much. That’s not a good idea.
- If you are tired of losing, you may end up making an offer on a home you wouldn’t usually be interested in. Property ownership is an investment and often a 30-year commitment. Don’t get sucked into a low-cost house. You’d be better off waiting until the market cools off before starting your home search.
A Few Tips for Sellers
To increase interest in your property in a seller’s market, you’ll need to compete with other sellers.
- Before you market or show your property, make sure your home is clean and organized, and in good condition.
- The price of a home tends to rise in a seller’s market, but pricing your home relatively still helps. You’ll be more likely to attract buyers if you lower your asking price slightly below fair market value. It is common for sellers to list their homes slightly below their assessed value to encourage bidding wars.
- Examine offers carefully: During a seller’s market, it’s even more important to consider offers carefully. In their search for the highest offer, sellers frequently ignore the buyer’s financial strength. If buyers say they will pay a certain amount, that doesn’t automatically mean they can get the funds. The appraised value of your home cannot be financed beyond that.
- Your last concern should be accepting an unrealistic offer and then having to resell your home when the deal falls through. Buyers will have more power when negotiating when your house has been on the market longer.
- Make sure any buyer who requires financing is preapproved for a loan. When buyers receive pre-approval, their credit and finances are verified, ensuring they can obtain a loan for a specific amount. Prequalification, however, is merely an estimate of a buyer’s finances.
- Observe contingencies: Also, be aware of offers that include contingencies. In the event that certain conditions are not met, buyers can back out of sales contracts, including mortgage house contingencies, home sale contingencies, appraisal contingencies, and inspection contingencies.
- According to Phil from Cash offer Please, Many homeowners choose to sell their homes through a real estate agent in order to get the best price. However, you may be able to sell your home for less than market value by making a cash offer to the buyer.
Summary
Knowing where the market stands is beneficial when buying or selling property. There is less competition for buyers in a buyer’s market when there are many homes available. On the other hand, a seller wants to list their house during a seller’s market when there are fewer properties for sale and a high number of interested buyers.
It is still important to hire a real estate agent, regardless of the market conditions in your area. A real estate agent can give you a leg up on your competition, regardless of market conditions.
Choosing the right time to buy a home can be a major challenge. In a seller’s market, you will notice that homes disappear almost immediately after being listed. To avoid losing out on what could be your dream home, you should get preapproved as soon as possible instead of waiting until the last minute.
Buyer’s Market vs. Seller’s Market: Know the Difference
Pros and Cons of Homeowner Association
Several localities offer residents the option to join a homeowner association. These associations can be quite helpful in resolving minor community issues. However, they may come with several drawbacks that need to be considered. To understand the pros and cons of joining HOAs, you must first understand what HOAs are, what they do, and how they affect homeowners.
What are HOAs? A question that you might be wondering. The term simply refers to homeowner’s associations, which manage a community for the benefit of its residents.
What does HOA mean in Housing?
Homeowners associations exist to manage residential communities, maintain curb appeal, and keep property values high. In addition to this, property owners’ associations manage residential communities. Home developers are responsible for initiating the association.
As a result of legal advice, the developer drafts the association’s governing documents. Bylaws, amendments, rules and regulations and articles of incorporation are among the documents.
Simply put, it would mean living in a house that is a part of an association. Although there are plenty of benefits to living in an HOA, it may not be suitable for everyone. Living in an HOA community, for example, gives you access to amenities you would not otherwise have.
What is the purpose of an HOA?
As soon as you move into your new home that is registered with the association, you become a member. The HOA’s governing documents are automatically applied to you as an HOA member. The documents outline the dos and don’ts of a homeowner. Rules like these help preserve property values and keep neighborhoods safe.
Managing an HOA entails taking care of the best interests of the community, enforcing rules, and setting the amount for dues. A review of the HOA’s governing documents is recommended before moving into a homeowner’s association.
Pros of HOA
Here are some pros of HOA that can help you make a decision.
1. HOAs are responsible for maintaining common areas
The aesthetic appeal of a well-maintained community contributes to the ease of living within it as well. A landscape that offers clean roads, trimmed trees, and blooming flowers, brings harmony and peace. The wellbeing of a community is important, and it is comforting to know that these services are in place.
The benefits of living in a community with an HOA include common community areas being maintained by the organization. Swimming pools, playgrounds, barbecue areas, and community centers are included.
The spaces can be enjoyed without having to worry about maintenance. In addition to maintaining the landscaping in front of each unit, some HOAs also take care of maintenance in the backyards of residents.
2. A consistent value for each property
Property values are a primary reason people buy an HOA home. Your board helps you protect your investment and ensures its value remains the same. It is the owners’ responsibility to maintain their lawns, homes, and personal property in accordance with community laws. This offers several benefits for the homeowner as well as the community. The members of the board live in the same community, and they are just as eager to see it thriving as you.
3. Complying with standards
Every homeowner must follow certain guidelines. Prior to signing on the dotted line, buyers should familiarize themselves with the governing documents. There isn’t much tolerance for unruly behavior in a typical association – from a wild party in someone’s backyard to disregarding architectural guidelines. The neighborhood has a board that mediates neighbor disputes and sets forth consequences when things don’t work out.
Cons of HOA
Let’s take a look at the cons of HOA.
1. HOA fees must be paid monthly
Residents of the community must pay HOA fees because the association maintains the common areas and exteriors of homes.
The fees for these amenities vary from community to community. In addition, HOA fees are not set in stone, so they are subject to change from time to time. When the association is unable to collect enough funds to maintain the community, the association may have to increase the monthly fee.
2. Failure to pay HOA fees can have serious consequences
Paying your HOA fees is an important part of living in a community. Fees must be paid by all residents of the community. If the HOA remains unable to collect enough money from residents, the property may not be able to be properly maintained. This can result in the association firing the property manager, causing the community’s appearance and condition to deteriorate.
3. Rules and regulations are enacted by the HOA
The HOA sets requirements for your home’s appearance. Ranging from what type of front door and windows you can have to decide what color your front door or shutters can be painted – the association has complete control over your home’s appearance. You may even be restricted in how much outside decor you can use and how many vehicles you can park in your community. If you violate the community’s rules and regulations, you could receive a fine.
4. Inadequate management
Poor management can lead to deterioration in some HOA communities. As a preventative measure, electing board members who have the association’s best interests at heart is the perfect way to avoid such a situation. In addition, many HOAs hire a management company to ensure responsibilities and duties are properly fulfilled.
5. Foreclosures and lien rights
A lien or foreclosure is always a concern when living in an HOA. There are certain HOAs that can place links on your property and then foreclose on it. The lien will only occur if your association due aren’t paid.
Conclusion
It’s important to consider the pros and cons of living in an HOA before making a decision. Paying monthly fees and adhering to the rules of an HOA community is necessary. You’ll also benefit from things like preserving your property value and being able to access well-maintained amenities (like landscaping). In the long run, you will benefit more from HOAs if you can tolerate the minor inconveniences they bring.
Stay tuned to Feeta Blog to learn more about Pakistan Real Estate.
Pros and Cons of Homeowner Association
51 Tea Rooms Design Ideas With Tips And Accessories To Help You Design Yours
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The inseparable Tea Rooms Design culture of East Asia is well-known, where tea is much more than just a pleasant drink. Not only is tea enjoyed in person and at social events, in small tea parties and in public teahouses, but many cultures have created intricate formal ceremonies around the act of tea preparation and service. While East Asian tea ceremonies differ between countries, the ritualistic nature of the drink is agreed upon. This pleasant daily observation has inspired the inclusion of personal tea rooms within modern homes, which is what we are exploring here today. From traditional Asian tea tables and tatami mats to contemporary interpretations of the theme, we will discover how to raise tea at home.
The seating label in a traditional Chinese tea house conventionally requires that the first guest of honor be located on the left side of the host. The remaining seats are allocated in descending order to the right. Therefore, a common bench will most likely come after single seats if the length of the table allows.
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51 Tea Rooms Design Ideas With Tips And Accessories To Help You Design Yours
- Published in decor, Designs by Style, dining room, houses, interesting designs, interior, Interior Decoration Ideas, Interior Design, interiors, International, Investment, tea rooms, uk, ukraine, USA, viral, Zillow
Karachi Vs Lahore – Which One is Better?
Karachi Vs Lahore – Which One is Better? This is a question people ask all the time.
Karachi and Lahore are the two most famous cities in Pakistan. Both are known for their rich culture and amazing hospitality. Karachi is popular for being an economic hub, whereas Lahore is popular for its amazing heritage and beautiful architectural buildings. Both the cities have their own importance and are unique in their own way.
Let’s have a look at the basic factors of both Karachi and Lahore.
Karachi
Karachi, the city of lights, is the 8th most popular city in the world. There are several reasons for being most popular. Its history, its culture, fashion, trade, entertainment and investment are some factors that contribute towards it. The city is super busy in comparison to any other city in Pakistan.
If you plan to go somewhere, you will have to leave an hour before, because Karachi has always witnessed immense traffic. While traveling in Karachi, you will notice that the city is full of energy, warmth and enthusiasm. Residents of Karachi are diverse in cultures, ethnicities and religions. All these aspects add to the diversity, versatility and uniqueness of the city of lights – Karachi.
City Size and Population of Karachi
The metropolitan city has a population of more than 23 million and a population density of almost over 24,000 people per square kilometer. Which makes it clear that Karachi is denser than any other city of the urban population in Pakistan. This is why Karachi is the largest city in Pakistan.
Demographics of Karachi
It is believed that almost 90% of the population in Karachi are migrants from various backgrounds. For a large number of Gujarati Muslims, Karachi has historically been a home. Communities of Gujarati Muslims include Chhipa, Memon, Khoja, Ghanchi and Tai.
Many non-Muslims left Karachi for India after the 1950s. Therefore some small communities of Parsis, Anglo-Indians and Goan Catholics are still present in Karachi. Muhajirs in Karachi are large in number ie is almost 50% of the population, which includes Gujarati, Rajasthani and Malabari Muslims.
After Muhajirs, the second largest group in Karachi are the Pashtuns, 25%, who hail from Balochistan and Afghanistan.
Growth in Karachi’s Population
At the rate of around 5% per year, Karachi is growing. Almost 45,000 migrant workers come to Karachi from all over Pakistan every month. It is expected that rapid growth in the population of Karachi will make it the seventh-largest city in the world by 2030.
Weather of Karachi
Summers in Karachi are very hot, arid, windy and oppressive, whereas winters are short, dry and more comfortable than summers. The temperature in Karachi varies from 55 F to 94F. It is above 100F and below 49F.
Transport of Karachi
For shorter routes, people of Karachi use rickshaws or taxis, and for longer routes, they prefer transportation through buses, which is far cheaper than any other mode of transport.
Places to visit in Karachi
Here is a list of some of the most famous places to visit in Karachi.
The Beach
Going to the beach has never been a regret! We always enjoy ourselves and spend hours and hours at the beach without realizing the time. Karachi is famous for its beautiful beaches. Tourists from Pakistan always make sure to pay a visit to the beach during their stay in Karachi. Sea view beach is the closest to the city, and no matter what the time is, it has always been crowded.
Winter Land
For the people of Karachi, winter land is a huge bliss! Because of the hot weather in Karachi, people don’t get to experience rain and winds for a long time. Winter land is a place to experience when you feel like having some fun by getting some winter vibes. The place offers several fun activities, such as bumper cars and slides.
Mohatta Palace
To experience Indo Saracenic architecture, Mohatta Palace is the place to visit in Karachi. In 1927, it was built as the home of Shivratan Mohatta. It is open to the public from Tuesday to Sunday from 11 am to 6 pm. The palace contains a secret passage, a 1km path underground and leads to a Hindu temple. In this palace, you will also find various displays of British culture from the subcontinent.
Brother Hall
To experience Karachi’s British colonial history, Frere hall is a Venetian gothic building that one must visit. Frere Hall is Karachi’s most iconic place, with a beautiful mural painted by one of Pakistan’s most revered artists Sadequain Naqqash.
Empress Market
Named after Queen Victoria, the Empress market has been in operation for years. From groceries, spices, seafood to some fun activities in Karachi, the empress market has been a popular place. It is one of the busiest places in Karachi for shopping.
Food culture in Karachi
Karachi is famous for its food. Here is a list of restaurants in Karachi that are known for their delicious cuisine.
- Behari tikka at Meerath Kabab House
- Dum Biryani from Gol Market, Nazimabad
- Fish by Yadgar
- Katakat and Brain Masala from Noorani at Do Darya
- Beef fry kabab at Burns Road by Waheed
- Javed Nihari (dastagir, FBArea
- Nihari by Ghaffar Kabab House
- Afghani Boti at Al-Asif
- Afghani Pulao by Al-harmain
- Peshawari chapli kabab by A-one (Shah Faisal)
- Balochi tikka from Madina 2, Superhighway
- Karahi by anwar baloch (Malir)
- Kali Mirch Chargha by Cafe Laziz
- Hunter beef burger from Hanifa
- Super bun kabab at Pakistan Chowk
- Cheeseburger by Khan Broast, Near Waterpump
Universities in Karachi
With a literacy rate of 65.26%, Karachi has some of the best universities in Pakistan. There are almost more than 50 colleges and universities that are located in the capital of Sindh. The categories of colleges and universities include science, arts and commerce.
Top universities in Karachi include:
The Jinnah University for Women, located in Karachi, is the pioneer university for women in Pakistan
The University of Karachi is the largest in Pakistan with the largest faculty.
NED University of Engineering and Technology is Pakistan’s oldest engineering institute located in Karachi.
The National University of Computer and Emerging Sciences, NUCES-FAST, is recognized as one of the top universities in Pakistan. It has two branches in Karachi.
Lahore
Let’s find out about Lahore now.
A lot of travelers in Pakistan start their adventure in Lahore, The heart of Pakistan. The city is known for its vibrant, hospitable and joyful atmosphere. But, we cannot forget Lahore’s scrumptious food, which you cannot find in any other city in Pakistan. Lahore has been of great importance when it comes to geography and culture. There are a lot of fun places in Lahore that you and your family can visit.
Colonial and Mughal dynasty eras can be witnessed all over the city with several beautiful historical architecture buildings. Because of Lahore’s fantastic taste, Lahore is also known as the food capital. Several places can be visited in Lahore to experience the beautiful architecture of the walled city. Rich in history and tradition, Lahore has experienced three eras: Mughal, British and modern.
City Size and Population
With the boundaries of 1772 kilometers, the current population of the city is 7 million. In the past 14 years, the city has expanded due to its growing population. Because of this, it remains the 42nd most populated city in the world. The population density of the city is nearly 63000 residents per square kilometer.
Population Growth in Lahore
With a population above 11 million, experts thought that Lahore would become a central megacity by 2025, but it has already become. With an increase in Lahore’s population, it is expected to become the largest populated city by 2050, with almost 42.46 million people.
Weather of Lahore
With an average high of 102F and a low of 83F, the hottest month in Lahore is June. Winters in Lahore last for almost 2.5 to 3 months, with an average low of 47F and a high of 66F.
Transport of Lahore
Modes of transport used in Lahore include bus services, rickshaws, taxis and metro services. Two major providers of bus services are Lahore Transport Company and Punjab Mass Transit Authority.
Places to visit in Lahore
Here is a list of places to visit in Lahore.
Badshahi Mosque
Located in Lahore, constructed by the Mughal emperor Aurangzeb, Badshahi Mosque is the largest mosque of the Mughal era. It is one of Pakistan’s most iconic sights that people all over the country love to visit. It is known as the crown jewel of Lahore with a large courtyard that can comprise almost 10,000 people.
Fort Road Food Street
Fort road food street has some of the best restaurants in Lahore. The food street has beautiful and colorful buildings with rooftop restaurants for citizens to enjoy the view. There are both desi and continental restaurants with amazing food quality.
Delhi Gate Market
The old city of Lahore had almost 13 gates to it. When the British conquered the region all of these were destroyed. However, 6 out of 13 were rebuilt, and Delhi Gate is one of them. The entrance leads to a busy market filled with lots of happening and life. It’s a great place to visit if you want to have a look at the local life of Lahore.
Anarkali Bazaar
Anarkali bazaar is divided into two, the old and new. While on your visit to Anarkali bazaar you will get to find a lot of traditional foods, clothes, jewelry and handicrafts. Walk-in Anarkali bazaar has always been an interesting thing to do for people; even if you don’t want to buy anything, a walk at Anarkali bazaar is also enough to enjoy the locality.
Shalimar garden
Visiting a Shalimar garden is one of the most relaxing things that the people of Lahore tend to do. It is a great option if you want to spend time with your family. There is a beautiful fountain with colorful flowers to create a welcoming and comfortable atmosphere for visitors.
Universities in Lahore
With a literacy rate of 64%, Lahore is considered to be a primary education hub of Pakistan with some top universities. Almost 40 licensed universities offer degrees in business, science, humanities and engineering.
The University of Punjab, Government College University, and Forman Christian college are Pakistan’s oldest universities. The recently-established University of Lahore is a private university and offers programs in medical sciences, health sciences, biology and engineering.
Conclusion:
Both Lahore and Karachi are unique in their own way. The cities are of great importance to Pakistan. Lahore, because of its historical architecture, and Karachi, because of its vastness. In this blog, Feeta.pk has listed down the stand-out features of both cities.
Which one is your favorite? Let us know in the comment section below!
Karachi Vs Lahore – Which One is Better?
Facebook Group: 50 Home Ruining Examples
We’re pretty sure of one thing — no one was born an architect. It takes years of study and practice to become an expert on the art, history, and engineering of the built world. However, some people think that designing a house from the bottom up is something they can do on their own.
Even if we agree that architecture is subjective, sometimes one cannot deny the flaws that people do. In fact, some home designs turned out to be so wrong that they went into the You Should Have Hired an Architect A Facebook group that shows why not hire a professional is a mistake.
From weird roofs to open concept toilets, take a look at some of the pictures we’ve collected from the group, and be sure to vote for the most bizarre ones!
Also, scroll down for our interview with Allison Beer McKenzie, the manager of this Facebook group, where we talk about the mistakes people make while designing a home themselves and the benefits of hiring an expert.
In just a few months, the group has attracted more than 31.2K members, who share some of the strangest design failures on a daily basis. According to the group’s description, much of the built environment in the United States is not designed by architects.
“This group is dedicated to examples of why this is a bad idea with occasional examples of why buildings designed by architects may be superior for variety.”
Bored panda contacted the manager, Allison Beer McKenzie, who is an architect and the director of sustainability at SHP Leading Design in Cincinnati, Ohio. She explained that there are mainly two reasons why many people choose to give up hiring an architect.
“One thing is for sure they are cost conscious or think they can’t afford an architect. The other thing, I think, is that they don’t know or appreciate the value that an architect can bring to their house design, ”she explained.
McKenzie continued: “This value can certainly include a beautiful design, but it can also include things like a house that perfectly fits the site on which it is and is ideally designed for the climate on which it is built.”
Whether it’s creating a bad design, exceeding the budget, or not meeting current codes and standards, there are many ways people can make mistakes without an expert.
The architect thinks that many of the mistakes people make when designing homes themselves “come from the fact that most people have trouble thinking in three dimensions without training on how to do it. This often leads to houses with strange proportions or clumsy connections between materials and elements. ”
McKenzie admits that some houses that are designed without the help of architects perform well. “However, building a house is probably the biggest investment you will ever make and will require you to make hundreds of decisions in a condensed amount of time,” she said.
“Having an architect by your side to guide you through decisions ranging from where the house sits on the ground, to room size and location, to what color you want for your bathroom floor can help ensure you end up with a result you love. . and keep your sanity! ”
According to architect Bill Whittaker, hiring a professional might seem like an unnecessary expense for your construction project. However, an expert can bring quality, professional design and project management to “help you complete a beautiful building according to budget and schedule.”
He provides several reasons why you should hire an architect instead of dealing with challenges on your own. First of all, when it comes to design, they help your home to have a consistent flow and comfort.
“An architect provides a professional design that takes into account the client’s preferences, along with building codes and good design practices to create the best possible space for your project.”
Then, experts can effectively manage a construction site and “ensure that everything is completed according to current codes and standards.” The same goes for the budget. It’s easy to get distracted and spend extra for things you don’t actually need, or to hide the mistakes you’ve made.
“Architects help keep communication clear and can direct the project in the right direction to keep costs where they were originally designed,” Whittaker explained.
However, if you are really determined to design your own home, you should consider starting small. Plan and build a tree house or shed, or perhaps a puppet house for the children. And if you notice that there are some mistakes you make along the way, you should probably contact an architect for your larger future projects.
I don’t mind the painted brick (it’s very common in charming old houses in northern Germany – although they tend to be bright white, rather than purple) but the chimney doesn’t please the eye. Maybe they wanted to distract from the curved porch? They certainly succeeded in that!
Nini Stefanie Report
Van Whit Report
Note: This post originally had 93 images. It has been shortened to the top 50 images by user votes.
Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.
Facebook Group: 50 Home Ruining Examples
- Published in 700-page, architect, Architecture, bizarre, Design, engineering, errors, expert, facebook group, Fails, Funny, Furniture Design, hilarious, hire, home design, Homepage featured, house design, Interior Design, mistakes, Pics, professional, Weird
Corner Apartments | Pros & Cons
Corner houses and apartments are the first choice for investment or living for all. Real estate holds high value for corner houses, and especially apartments, given that they come with their own perks.
However, there is still an ongoing debate about whether or not investing in a corner apartment is ideal, there are significant pros and cons of corner apartments that one should keep in mind while making the final decision.
In this blog, Feeta.pk discusses all the upsides and downsides to getting a corner apartment so you can make an informed choice.
Corner Apartments | Pros & Cons
Pakistan’s real estate sector is shifting towards increasing the development of vertical landscape, and this is giving rise to the availability and demand of apartments. This need for apartments is simultaneously adding to the rising demand for corner apartments. Let’s take a look at some facts that can help you decide if it’s worth it.
Why Opt for a Corner Apartment
Starting with a good note, corner apartments are everyone’s preferred choice because of multiple reasons. These reasons factor in to help you live comfortably.
Privacy
As apartments typically come with balconies and a back terrace, a corner apartment actually gives you privacy in the balcony as there is only one neighboring balcony, and the other side is free. This is ideal for people who love to keep their privacy intact and have introverted personalities, thus keeping you at a distance from any nosy neighbors that you may have.
Additional Square Footage
Because of the huge infrastructure and architecture involved in elevating an apartment complex, corner apartments usually get extra square feet in their space.
Because of this, they look and feel wider than other apartments of the same building. For instance, we can understand this by taking the example of an apartment covering 850 sq. M. ft. In this, the corner apartment may be about 120 sq. M. ft. larger due to its positioning in the building. This is a very prominent advantage that makes people prefer corner apartments.
Extra Ventilation
Even though apartments, generally, are great with ventilation as compared to houses, Corner apartments come out at the top. This is based on their L shaped design, which leaves more outdoor areas for ventilation. With corner apartments, we can also credit the importance of windows and how they keep the ventilation flowing, leaving your house fresh.
Having extra ventilation keeps your house temperature cool in summers, and the fresh air is great for your health. Besides this, good airflow keeps your house safe from water seepage, mold, and other issues that are likely to stem from a closed space.
Scenic Views
Corner apartments have the most beautiful views, and that is a sure fact. This is one of the biggest reasons why people choose to live in corner apartments. With the extra balcony space, and windows around, you can enjoy the scenery any time of the day.
Even if there are no green areas around or any parks to view, you can always enjoy the night view of the twinkling lights from houses and buildings around that make a great view from the corner apartment.
Why Not Opt for a Corner Apartment
With so much value, there are a few drawbacks that can come in the way of your decision to live in a corner apartment. This may be a big factor for some, and for others, it can be insignificant.
A Lot of Sunlight
Although this remains a variable according to the location and direction facing of an apartment, corner apartments usually get more sunlight than others. This is because there is less view blocking and more windows.
This drawback may be considered as an advantage by some who live in cooler weather conditions, but in Pakistan, summers can be really harsh and the sunlight can become unbearable.
More Expensive
Because of their high demand and less availability, as well as the perks that come with it, corner apartments cost higher than other apartments. Real estate has a lot of demand and value for corner houses and apartments, and resale, investment, living in these is always the ideal choice for people.
People who love the benefits that come with living in a corner apartment are willing to pay more just to create a better home or invest in a better property that will give profitable returns in the future.
Prone to Noise Pollution
Even though corner flats have more privacy than other facing flats, they can have more noise overall as well. This is because they are usually situated by the roads and intersections, busy with traffic and people passing throughout the day.
This can cause disturbance for you all day and disrupt the calm environment that your home needs.
Corner Apartments -Ground Floor
These are actually on the lower end of the cost spectrum and cost like other apartments. The difference? Well, corner apartments on the ground level do have privacy and ventilation, but the airflow and scenes are not the same.
People living in such property have to keep their windows covered at all times to avoid nosy neighbors and people passing by who want a peek. Because of keeping the windows covered, the temperature and ventilation are disturbed.
Considering both factors for corner apartments, the decision eventually comes a lot to how all these things are affected by the location, city and weather of the area.
If you’re looking for a corner apartment to move into, or are deciding to for a corner housethe above-mentioned facts can help you understand according to the location you are going for.
You can find out more information about apartments and housing at our Feeta blog.
Corner Apartments | Pros & Cons
- Published in International, Lifestyle, property, property management, Property News, Real Estate Guide, Real Estate News, uk, ukraine, USA, Zillow
Choosing Construction Materials for Your Home
Being the foundation of any house – construction materials should be selected after thorough research and evaluation. Anesthetic design with sustainability is only possible with the proper construction material. However, many remain unaware of the significance of choosing the right materials, foregoing this important step entirely.
To help you make the right decision for your home, Feeta.pk brings you a complete guide on how you should choose construction material for your house.
Estimate your Costs
The construction market offers a wide variety of quality construction materials. However, their prices may vary significantly. Opting for the highest-grade materials should be the right move if you have a limitless spending budget since durability and sustainability are the utmost priority.
However, there will be a limited spending budget in most cases, and finding the perfect materials for your home under a limit can be quite tedious. As a general rule, choose cost-effective materials without compromising overall quality. Estimating a budget can help know how much you can spend on materials, cut down on unnecessary costs and make room for better construction materials.
Availability of Materials
Before deciding on any materials, it is essential to determine their availability in the market. Materials that are either rare or unique can become impossible to find in the market, or they might have to be shipped from a different country. This can raise costs and delivery times for the construction and building materials, affecting the overall timeline for the construction of your house.
Climate Conditions
Construction materials for homes greatly depend on the climate conditions of the area. Factors such as average rain, snowfall, sunlight, and temperature are essential determinants of the materials. Some materials perform better in cooler temperatures, while others deteriorate under heavy rain or snowfall. This makes it necessary to consider the whole climate while choosing construction materials.
Sustainability
With climate activism at an all-time high, the construction industry has also taken a few steps to incorporate sustainability. Construction materials are responsible for a significant portion of the world’s carbon footprint, especially materials such as cement. This has led to a rise in the use of eco-friendly construction materials. If you want your house to be greener, the construction market has several sustainable options that you can explore.
Aesthetic Appeal
Another factor to take into consideration while choosing materials is their aesthetic appeal. Construction materials can drastically change the aesthetics of your house. For instance, laminated wooden flooring can give your home a touch of elegance, while opting for ceramic tiles can offer a minimalistic appeal.
The materials that you choose should also complement the surroundings of your house. A log cabin-style home may look pleasant in the hills of Murree but not so much in the streets of Lahore. Your home’s aesthetic appeal should mirror its surroundings while incorporating your unique taste.
Durability
Durable construction materials are essential for any home, increasing lifespan and lowering maintenance costs. Some materials can offer universal durability, while others are climate-dependent. Generally, construction materials should be repellent to moisture, corrosion, and other environmental conditions such as heavy rain.
Structural Integrity
For construction materials, it boils down to structural integrity and performance. The materials that you choose should withstand heavy loads and excessive weights. The choice of materials should be evaluated, and there should be no compromise on quality. Anything made out of poor quality can become a safety hazard.
Maintenance
The best construction materials are those that require minimal maintenance. Maintenance is necessary for preserving your home’s original look. However, it can also rack up additional costs over time. To avoid these costs, opt for high-grade quality materials as they offer higher durability and less maintenance over time.
Construction material should always be selected after thorough research. Factors such as durability, aesthetics, and climate conditions should be considered. However, the general rule of thumb is to never compromise on quality, as these materials are the core of your house. For more information on construction materials, visit Feeta.pk – Pakistan’s first online real estate market.
Choosing Construction Materials for Your Home
Top Bedroom Furniture Ideas in Pakistan to Refine Your Bedroom
After a long and tiring day, all one needs is to relax in the place that you feel most comfortable in, i.e. your Bedroom Furniture. Your room is your safe space, and decorating it with your favorite pick of bedroom furniture design can make your bedroom just the dreamy place where you can relax.
Choosing the right bedroom furniture sets can have a major effect on our day in the long run. Our entire day depends on how we are taking care of ourselves, taking a good amount of sleep, how we are relaxing our backs on the mattress and bed set.
You can take a look at this collection of bedroom furniture in Pakistan that Feeta.pk has compiled for you to bring instant comfort and aesthetics to your room.
Popular Ideas for Beautiful Bedroom Furniture in Pakistan
When you’re choosing your bedroom furniture, you need to pick a theme and just go with what will look best with it. There is a vast variety of types and sizes of furniture that you can get to create just the desired aesthetic that you want.
Here are some modern bedroom furniture ideas that you can utilize while refining your bedroom into the relaxing and comfortable space that you need.
Chocolate Bedroom Furniture Design
The simpler, the better.
In Pakistan, heavy wood is generally used for making bedroom furniture which can be very expensive if carved. So keeping it simple will not only be affordable for you, but also give your furniture a rich effect, but it will also be very useful for you to restyle with any theme you want to set your room with, for many years to come.
This chocolate brown design incorporates not only minimalism but also delivers elegance on a simple budget. The dressing table is a stylish and compact design, that perfectly complements the bed set and the cupboards.
Cherry Wood Bedroom Furniture Design
This cherry wood furniture design is a beautiful and modern furniture design that has brass detailing that brings out an elegant finish to the furniture. It comes with a dresser that has multiple drawers, as well as side tables to complete the bed set.
The cherry wood is a beautiful color if you’re looking for a rusty and warm theme. It is a very popular choice for bedroom furniture in Pakistan. Not only is it minimal, but also very stylish.
Wall-Mounted Head Rest Bedroom Furniture Design
Wall-mounted headrests are the new thing since 2021! These are making round around the interior industry and is a famous choice for bedroom furniture. Although this falls more on the expensive end of the spectrum, this is a very luxurious and beautiful design that will elevate your bedroom.
It typically comes as a cushioned headrest that is detailed with brass or gold, and on the side, you can incorporate mirrors or leave as be. This is a very lavish bedroom furniture choice that is bound to awe your guests and also create a pleasing and relaxing environment for you.
Extended Headrest Bedroom Furniture Design
This modern bedroom furniture design features an extended headrest that encloses the side table space. It gives off a very neat and minimal look that refines the aesthetic of your bedroom. Because it encloses the side tables, it gives a compact and organized look to your room.
The brass detailing in furniture seems popular, but it is actually optional, you can switch it with any other details or even leave it simple for a clean and sophisticated look.
White Bedroom Furniture Design
This white dreamy aesthetic with a white backdrop is just the calming environment that you need after a long day. White bedroom furniture is a very common choice for people who love a calming and soothing aura.
You can always style white bedroom furniture with cream colors, or pastel hues to keep a cool decor, or switch it up with a pop of dark colors to freshen up the theme of your bedroom every once in a while. White is also an ideal choice if your bedroom is smaller in size, as it gives a more open and wider feel to the room.
Black Bedroom Furniture Design
This one is for all the black enthusiasts, who love a dark and calming vibe to their bedroom. Black is a great color to go with grays and cream shades, as well as silver detailing that gives it an elegant finish.
Black bedroom furniture is a very unique choice that you can make and set a theme for your bedroom. Not only does it look rich and luxurious, but it also sets an elegant theme for your bedroom.
This is better off with a complete set of furniture, with dressing table, cupboards and side tables black as well, since only a black bed set might look singled out for the room.
Mahogany Bedroom Furniture Design
Mahogany wood or color is a very popular choice in bedroom furniture in Pakistan. This is a rich color that goes well with all themes and remains vibrant throughout the years.
If you’re opting for a mahogany colored bed set, try choosing a simple design and bed set with minimal geometric details that will keep your room aesthetically pleasing. The best thing about this is that it can fit in with dark hues, pastel colors, and even contrasting colors.
So if you’re someone with colorful interests, this is the optimum bedroom furniture design for you.
Gray Cushioned Head Rest Bedroom Furniture Design
This cushioned and studded design is a very popular choice in Pakistan, that not only revamps your bedroom look but also gives you a comfortable and relaxing space. The cushioned headrest is very comfortable and also gives a luxurious finish to your bedroom furniture.
It is a modern design that looks ravishing in almost all colors, especially dull tones like mauve, gray, white etc. The best is to pair the bedroom furniture with different hues of the same color for a rich finish.
This article will assist you in choosing the right type of furniture for your bedroom, with all the right aesthetics that will reflect luxury and elegance.
If you’re still confused about the type and size of your furniture for your bedroom, you can look up these 50 small bedroom ideas that you can incorporate while revamping your bedroom.
For more innovative ideas and creative tips, you can follow our blog at Feeta.pk.
Top Bedroom Furniture Ideas in Pakistan to Refine Your Bedroom
- Published in bedroom, bedroom design, Bedroom Designs, Decoration, furniture, Furniture Design, house, house decoration, house design, houses, International
40 Aesthetic Kitchens: Inspiring Culinary Skills
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Creating culinary masterpieces may not be your particular strength, but you’d like it to be after you’ve cast your eyes on this special collection of 40 aesthetic kitchen designs. This gallery of avant-garde kitchens covers almost every interior style on the spectrum. We will visit kitchens with a minimal, clean white aesthetic up to joyous spaces that touch color. We will visit abstract modern kitchen designs, rustic interiors, luxurious marble kitchens and decorative schemes with rich metallic gold accents. We will be introduced to futuristic kitchen designs, large kitchen arrangements with curvy islands, kitchen eaters flowing into open plan living quarters, and those that are inspired by nature.
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For more information on the real estate sector of the country, keep reading Feeta Blog.
40 Aesthetic Kitchens: Inspiring Culinary Skills
- Published in kitchen, kitchen cabinets, kitchen countertops, Kitchen Designs
Plastic Roads | How will they help?
For Plastic Roads, Plastic is a material so hazardous that it may be at the forefront of causing climate change, yet the human population cannot survive without it. For decades, scientists have tried to find a solution to decomposing plastics, yet their research remained unable to decipher this predicament.
The only solution that remains is recycling, and what better way to mass recycle plastics than to make infrastructure out of it? This was the idea behind the innovation of introducing ‘Plastic Roads’ – a cost-effective way of addressing infrastructure needs while simultaneously recycling plastics. Feeta.pk features an in-depth analysis of plastic roads and their impact.
Adverse Effects of Plastics
Before delving into how plastic roads will help, it is essential to first understand how plastics harm the environment. Plastics are responsible for a considerable portion of the world’s overall carbon footprint. Since plastics cannot decompose, they are either recycled, incinerated, or discarded.
The numbers reveal that almost 55 percent of the world’s plastic waste is discarded, and 25 percent is incinerated. This leaves behind only 20 percent of plastic waste that is recycled. These numbers reveal how plastic waste is a threat to our planet, as more than half of this waste ends up in the ocean, damaging marine life, while the incinerated plastic results in more than 850 million tons of greenhouse emissions being pumped into the atmosphere.
How do Plastic Roads help?
A mix of sustainable road construction technology and climate mitigation – plastic roads originated as an experimental idea in India back in 2001. Since then, immense research has been poured into this innovative idea, and the result is an answer to both climate change and sustainable construction.
The initial benefit of plastic roads is the mass recycling of plastic waste. Just a one-kilometer strip of the plastic road can consume and recycle almost 10 tons of plastic waste. If this innovation is implemented worldwide in constructing roads and highways, the globe’s plastic waste would be slashed to almost zero.
Looking at the sustainability side of plastic roads, these innovative roads come with a wide range of benefits compared to regular roads. They offer higher flexibility, durability, and a lifespan of three times longer than regular roads. Moreover, the construction materials for regular roads are much more expensive, whereas plastics are practically free, taking down construction costs by several folds.
Construction Process
Since the idea is still in its initial phases, the plastic road construction processes vary. Each country has tried to develop a unique formula for making plastic roads. India, the first nation to experiment with this idea, used bitumen and plastic to make its plastic roads. Indonesia has experimented with an asphalt-plastic mix. Plastics remain the common denominator.
Since the construction of plastic roads is rooted in recycled plastics, the source of these plastics is everyday-consumer items such as product packaging and water bottles. However, the end product of making these roads is unrecognizable, seeming almost similar to a regular concrete asphalt mixture.
The process of making the mixture is straightforward. The plastic waste material is sorted, cleaned, and shredded. The material is melted at around 170 degrees, with bitumen later added to the mixture. This simple mixture is laid out for roads like a regular asphalt concrete mixture. The wet process in plastic road construction is also quite common, consisting of a mixture of plastics, bitumen, and aggregate.
Pakistan’s first-ever Plastic Road
In December 2021, Islamabad made history by laying down a one-kilometer plastic road on Ataturk Avenue, making it the first plastic road in Pakistan. This project was a result of a collaboration between CDA and Coca-Cola Pakistan. This plastic road in Islamabad has made way for these roads to become the future of Pakistan’s road networks, making the country environment-friendly while saving millions in costs.
Tackling not just climate change but also the question of sustainability, plastic roads are truly the future of modern infrastructure. Despite being in its initial stages, several nations have implemented policies for plastics in construction.
This ground-breaking innovation can decrease the world’s greenhouse emissions by billions of tons while making construction cost-effective. If more countries follow suit, plastic roads could become the symbol of restitution for the Earth’s environment.
For more details, visit Feeta.pk – Pakistan’s first online real estate market.
Plastic Roads | How will they help?
Must-Follow Real Estate Marketing Ideas
In Real Estate Marketing, One cannot object to the fact that comprising a property is an essential matter to discuss. The reason behind this is that in Pakistan, real estate is one of the most beneficial investment opportunities which plays a big part in generating the economy.
But how does this all come into work?
In this blog, Feeta.pk will explain how this is done. And the answer is that real estate companies execute their work through the promotion of real estate companies. Now you might be wondering who promotes the brand and what is the reason behind it?
In today’s time of evolution and development, it has become important to have a marketing team that helps in branding your company. They design such techniques that help to boost the plan and make its presence known. If we talk specifically about the real estate sector, the marketing in real estate chooses the most prominent marketing company to create their name in the market.
In this blog, we will present some interesting and effective marketing ideas that every real estate company should follow
So, let’s have a look!
- Setup a social profile
- Make an attractive business card
- Make yourself easy to contact
- Hire a professional photographer
- Do local sponsorship
- Make your website and application user friendly
- Build google business profile
- Make social media adds
- Keep an eye on your competitor
Now, let us explain every idea in detail!
Setup a Social Profile
The first and most important effective marketing idea is setting up a social profile. This will give your company an instant boost if done correctly. For this, you will have to make social media accounts on all networks such as Facebook, Twitter, Instagram, and LinkedIn. Setting up a social profile will help you connect to your clients and also highlight your success stories. Through your social media profile, you will educate your buyers related to real estate and update them with the project that you are working on.
In one way or another, the world is now dependent on social media, you will probably not be able to make your presence without social media as much as you can with the help of it. To make your social media attractive you will have to upload nice photos, catchy captions, and above all, you will have to be active on social media for your clients.
Make an Attractive Business Card
Design an attractive business card for your company. The card should contain all the necessary information such as the name of your company, contact name and number, email, and company address. A business card would represent your company’s brand and it is also considered to be an overall business image of your business.
Your card must be designed in such a way that it inspires people and the desire to contact the company. A business card is also considered a direct marketing tool because in-person meetings lead to sharing of business cards directly with whomever you want to share them with. By this, we can say that a business card can make or break the marketing game for you. The reasons behind this are
- It gives ease of contact details
- Create a quick first impression
- Gives a personal touch
It is a fact that successful marketing of real estate lies in professional and great photography. Photographs of poor quality will make people lose interest and result in less followership. For this, you must hire a professional photographer who has experience in architecture and home photography. By this, you will be able to make your listings attractive and gain the attention of people and then this will result in helping you to get a potential buyer. Your photos will act as a support to show your clients what you have to offer. Nowadays 3D tours are becoming a popular thing. Your professional photographer can also create a 3D video of your property which will help your clients to have a 3D tour of the house while sitting at home.
Hire a professional photographer today to make your real estate company’s listing more enticing and attractive.
Do Local Sponsorship
Being a local sponsor will help you make your brand be in the spotlight. Be a sponsor at festivals, school events, or a sports team. This means that you can get your business name or brand logo on pamphlets, t-shirts, or flyers. If you will sponsor a local group you will directly become their real estate leader for reference. Some ideas for local sponsorship are
- Donate to charity
- Sports team sponsor
- Sponsor an event such as pet adoption,
- Donate money at local schools
- Contribute monetarily to different building projects
The sponsorship idea completely lies in the motto “spend money to make money” though it is an old saying it is true without any doubt. Therefore real estate companies should take advantage of these sponsorship opportunities and donate to a cause to create a positive impact on society and build maximum exposure for your company.
Make your Website User Friendly
Nowadays people get attracted to what’s easy for them to use and understand. You must formulate a user-friendly website. The reason why a website is important for real estate marketing is that it helps to educate clients and makes it easy for agents to provide them with valuable resources. A website should deliver content that helps buyers throughout the purchasing process. Here are a few features that should be included in your real estate website
- Photos and description of properties
- Searchable listings
- Customer-centric content
- A consistent look
Build Google Business Profile
To make it easy for users to find you on google maps, search and knowledge panel, set up a google business profile. The reason why having a business profile on Google is important is that it is one of the most trusted platforms for authentic reviews. You can make your business rank higher through Google’s business profile. But this is dependent on the regular maintenance of your business profile. This can be done by logging in to your profile daily and adding new content like listings and photos.
Make Social Ads
To create a presence on social media, the feature that helps the most is paid social media ads. Making social ads for your real estate business can result in excessive engagement and an increase in followers on your profile. This feature allows you to choose your target audience with a budget that suits you. Keep in mind to choose a picture or video for a paid ad that is attractive and highlights information that you would want to give to your audience. Social media ads are one of the effective ideas that can help in real estate marketing.
Keep an Eye on your Competitors
In this era of competition, it is important to keep a check on what your competitors in real estate are doing. How are they managing their social media or how does their website look? By this, you can also get an idea of the mistake they are making and you can avoid replicating them. this will help you distinguish how your company can do better. after you do your analysis, you can come up with new ideas that how can you make your company stand out.
So, which way do you think is most effective?
For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.
Must-Follow Real Estate Marketing Ideas
Product of the Week: Set of Three Glass Jars with Airtight Seal
Keep your food in style this spring with this delightful a set of three glass jars with an airtight ball cork lid.
Product of the Week: Set of Three Glass Jars with Airtight Seal
- Published in decorative objects, kitchen, Product Of The Week, storage
How to Get to Fairy Meadows? A Complete Guide
The exotic beauty of Pakistan; Fairy Meadows is located at the foot of Nanga Parbat at the western edge of the Himalayan mountain range in Pakistan’s northern region. The road to Fairy Meadows is a picturesque and quite dangerously high mountain track.
If you plan to travel to Pakistan, you must have Fairy Meadows on your bucket list. For more detailed info on travel guides of Pakistan, you can visit the blog page of Feeta.pk, where you can find various blogs on related topics.
In this blog you will find a complete guide to Fairy Meadows, so let’s start this virtual journey.
Some interesting facts about Fairy Meadows Pakistan
Fairy Meadows height from sea level | 3300m |
Height of Nanga Parbat | 8125m |
Temperature | Highest 26 degrees C in July & Lowest 4 degrees C in January |
History Behind the Name
Back in 1953, Australian climber Hermann Bhul gave the name Märchenwiese which means, “Fairy Tale Meadows ”, to this place because of its eye-catching beauty. He became the first person to climb the peak of the Nanga Parbat. The local name of Fairy Meadows is “Joot”.
In 1995 the government of Pakistan declared the place as a national park.
Road to Fairy Meadows
The road to Fairy Meadows is not an easy and simple one. You need to get there by going through a few stages. First of all, you will have to go to Gilgit which is a city located in the North of Pakistan. From there you go to the Raikot bridge, then there is a jeep ride and finally a 2 hrs hike to the destination.
Steps to reach Fairy Meadows:
Follow these steps to reach Fairy Meadows.
Step 1: Go To Gilgit
Now there are a few options you have to reach Gilgit. The first one is to Fly to the city via Islamabad International Airport. Per day there are 3 flights to Gilgit from Islamabad. Fairs are also quite affordable, however, during the summer season the prices go high.
The other option you have is taking a bus from Islamabad to Gilgit. It will be an 18 hour road trip on Karakoram highway. It will cost you less as compared to the previous option; usually around Rs 2500. This bus will drop you off directly at the Raikot Bridge.
Your bus | 18hrs |
Your Airplane | 1hr, 15min |
If you want to avoid traveling through the Karakoram Highway, flying is probably a better option for you. Traveling on the Karakoram highway is enjoyable, yet very frustrating at the same time. Landsliding is very common on this route, and the passage can be blocked for hours and sometimes even for days so this unpredictability can be a bit overwhelming for travelers.
Step 2: Go to Raikot Bridge
80km south of Gilgit we have the Raikot Bridge. It is a 2 hour drive to get there. You can either take a taxi or hitchhike your way to the bridge. The taxi fare is a bit high, it’s around Rs 1000. Also, there is this NACTO bus terminal, you can get into a bus from there that will head towards Chillas.
Step 3: Scariest Jeep Ride
After you have reached the Raikot Bridge, the next destination is Fairy Meadows. There is only one way to reach Fairy Meadows, and that is taking an adventurous jeep ride. It’s a 2 hour drive.
Unlike regular, bumpy mountain rides, this one is going to be crazy. However recently the road was widened after there were a few accidents. So now the road is not as dangerous. The drivers are also experts so there is nothing much to worry about.
Fares are again a little bit high; Rs 8000 for one jeep. However, if 3 or 4 people share the jeep they can split the fare among themselves.
In case you are thinking about it, don’t try to skip the Jeep ride, unless you have no choice but to walk. Police will stop you midway so it’s not worth giving a try.
This ride alone would be one memorable experience for you. This adventure is all worth it because the end destination is the mesmerizing beauty of Fairy Meadows.
Step 4: Hike
Jeeps will pick you up from the Raikot Bridge, and drop you off at the village of Tattu. From there onwards, there is a 2 hour hike to Fairy Meadows. Before leaving the jeep, make sure you tell the driver your departure time and day.
You can also arrange horse porters if you want to. They are usually used for carrying the luggage, the rate is Rs 150 / km. You can also ride the horse up for Rs 1500.
If you want to hike, that’s not a bad option too. The hiking trail is 5km, and it takes about 2-3 hrs to reach Fairy Meadows from there. It can be very hot during summer, so you must be prepared.
Best Time To Travel To Fairy Meadows
April-May and September-October can be the best time to travel to the Fairy Meadows. Also, avoid going on weekends.
This is the time when the place will see relatively fewer travelers because this is not the peak season. There are more chances that you will get to have a place for yourself if you travel during this time, although it will be colder as compared to midsummer.
Fairy Meadows is a quite popular tourist attraction, and every year it sees lots of tourists from all around the world. That being the reason it can get really busy during the peak times like midsummer and public holidays etc.
What To Pack?
Before you start with your journey, the first and foremost things to keep in mind are where you are gonna stay and what you need to pack for it. And if it includes hiking, you must be extra well prepared.
Following are the things that you will need for your hike to Fairy Meadows.
- Any regular Shoes for Hiking
- Water-Proof Jacket
- Map App
- Snacks
- and of course, a backpack to carry all your stuff
Place To Stay
You can either make the reservations beforehand, or you can look around to find a good place to stay.
Ranging from Houses, cottages, hotels, camps, and wooden huts, you will see a pretty fair range of options for accommodation, from which you can choose one that suits you. There is a particular name for Fairy Meadow cottages; “Pari Mehel” which translates to “Fairy Palace”.
The average cost of one room at Fairy Meadows ranges from Rs 2000 to 3000. The most expensive one is Raikot Sarai as it charges Rs 7000 for just one night’s stay.
Raikot Sarai is a camping resort. You can take a jeep from here and that can take you to Tattu village.
Beyal Camp is another good camping place, which is at a distance of a few kilometers from Fairy Meadows. You can hike to Beyal Camp from Fairy Meadows and it takes almost 3-4 hrs.
Reflection Pond
Another tourist attraction at Fairy Meadows is the Reflection Lake. The special feature of this lake is that it shows the crystal clear reflection of the majestic Nanga Parbat aka “the killer mountain” aka the “9th highest mountain in the world”.
The place is rightfully named, Fairy Meadows. This heaven-on-earth place attracts tourists from all around the world for its beautiful views and serenity. The journey to Fairy Meadows might be long and hectic especially since it includes a hike, but when you get there you will forget it all and just won’t want to come back. You can also visit the Feeta blog where you will find more interesting and informative blogs on tourism and various other topics.
How to Get to Fairy Meadows? A Complete Guide
- Published in International, Lifestyle, Tourism
LCBDA auctions 7 plots for Rs34.89bn
LAHORE: The Lahore Central Business Development Authority (LCBDA) auctioned seven commercial plots, titled ‘Downtown Lahore’, worth Rs34.89 billion.
The size of plots auctioned ranged from 12 and 14 Channels. The event organized was attended by international and domestic investors.
The auction jury comprised LCBDA CEO Iman Amin, Brigadier (R) Mansoor Janjua, Colonies Secretary Jamil Ahmed. Sumair Abid and Kamran Ali Rehman.
While addressing the occasion, LCBDA CEO Imran Amin informed that developers were offered a five-year installment plan.
The event aimed to promote urbanization in the provincial capital. This activity will ensure economic growth and employment generation in the area.
For news and blogs, visit Feeta.pk.
LCBDA auctions 7 plots for Rs34.89bn
Best 5 Marla Corner House Ideas in Pakistan
In Pakistan, 5 Marla Corner House is a very popular and affordable choice when it comes to choosing the area for a home. This is because it is less costly than other home sizes, and not too small compared to 3 Marla houses in many cities across the country. Because of its high demand and convenience, 5 Marla houses are always the first to be bought out from entire housing schemes and societies.
5 Marla house is 125 sq. M. yards and can accommodate a family of 4 to 5 people depending on the design and architecture of the house. In this specific house size, the most popular demand is for corner houses, given that they typically come with extra land, and because of no house or building on one side, they offer better ventilation and views. If you are looking for design ideas for your Dream 5 Marla Corner House, this article by Feeta.pk has a collective list of corner houses that you can incorporate into your house design.
Considerable Factors for Choosing 5 Marla Corner House Ideas in Pakistan
Budget-Friendly Planning:
When choosing front elevation and architecture for your house, remember to keep the range of your budget in mind. Certain materials, wood, and paint can cause a hike in your finances. Typically, 5 Marla Corner houses are cheaper compared to 5 Marla houses located centrally between other houses. So if you’re smart with choosing your design, you can build your dream house within your budget.
Front Elevation and Architecture of House:
Since 5 Marla Corner houses have more space for creativity in terms of interior and exterior design, you can be unique and creative according to your liking in this. The placement of windows, the balcony, and the architecture of the house should be for what you want and like. Elements like corner windows, glass boundaries for balconies, and a small lawn can add a very soothing effect to your home’s overall feel and look. While deciding on your designs, it is necessary to keep in view that both the interior and exterior of the house complement each other.
A Family Discussion is Due:
Well, choosing designs for your home is a family matter which you need to decide and plan together. This includes the number of bedrooms, their liking, and the design they want.
Design for 5 Marla Corner House – Option 1
5 Marla Corner houses are usually designed keeping in mind the front and side elevation that comes in plain sight. For such compact houses, it is important to spare space for a small balcony and window to keep the ventilation good. This house specifically has both, along with a careful modern design that does not include a lot of cuts, yet still comes out as a contemporary design. The detailing with different textures and color combinations in brown and gray elevate the look of the house, along with a small garage space to park your car in.
Design for 5 Marla Corner House – Option 2
This 5 marla corner house design is a double story home that touches two roads being the corner plot. The use of dark and light gray with white and wood brings out the contemporary design and architecture of the houses, along with giving them a larger look than their size. The overall style of this house is vertical given the windows and cuts and comes with a balcony that doubles as the roof of your garage. This is a common practice for 5 Marla house designs.
Design for 5 Marla Corner House – Option 3
A stylish and simplistic edge to your 5 Marla corner house gives it a rich and luxurious look, along with an openness that comes with subtle colors. Using white in small spaces is an excellent choice to enhance the exterior as well as the interior design of any house. Besides this, the overall elevation of the house is very clean cut with a minimal design that makes up a contemporary home.
Design for 5 Marla Corner House – Option 4
Modern architecture has transformed the shape of 5 Marla corner houses with sleek designs and minimal decor that gives a simple front elevation a unique edge. The use of wooden panels and vertical lines gives the house a very symmetrical and neat finish and also makes up for the design of a house. Here we can see that the balcony has a glass boundary finish, along with a rustic wooden look that combines white, brownish gray and wood brown.
Design for 5 Marla Corner House – Option 5
This 5 Marla corner house has a unique and modern front elevation that is enhanced with the use of lighting around the house. Paneling and using different textures in the house is the new way to go, contrary to the old fashioned use of paint and gold brass around the houses. The simpler you are willing to keep a design of the front elevation, the more house will look elegant, especially for corner houses that are visible from 2 sides.
Design for 5 Marla Corner House – Option 6
Use of LED lights, brown wood panels, and white paint, a beautiful combination for your corner 5 Marla house. This beautiful house is a great option if you’re looking for a sleek yet stylish front elevation design, that comes around with the use of light gray tiles. This design is not too costly as well, as it has very neat cuts and windows that give the house a spacious look. We can also not the placement of garage, where the gate complements the house altogether.
You can choose from these modern and sleek options that will elevate the look of your 5 Marla corner house. If you’re looking for more design ideas and house plans for your 5 Marla dream house, follow our blog at Feeta.pk.
Best 5 Marla Corner House Ideas in Pakistan
- Published in Architecture & Art, International
All About HBFC Home Loans
In Pakistan HBFC Home Loans, becoming a homeowner is a dream for many. However, the country’s soaring real estate market has made it impossible for many to achieve this dream, especially for the lower- and middle-income classes. If the current trends continue, these groups will be excluded entirely from the market.
To tackle this issue, the government of Pakistan launched a home financing initiative known as the Home Building Finance Company (HBFC), with the sole purpose of providing easy-installment home loans. The company continues to help those wanting to become homeowners through its financial assistance programs.
For those that want to know more about how to avail of these loans, Feeta.pk features everything you need to know about HBFC home loans.
A little about the Company
Established in 1952, House Building Finance Company (HBFC) is the country’s only real estate financing institution. With regional offices and area branches spread all over Pakistan, the institution aims at providing financial assistance to every Pakistani struggling with housing needs.
Over the years, the company has launched several programs to provide affordable housing to the lower- and middle-income classes. Programs such as ‘Ghar Pakistan’ and ‘Ghar Aasan Flexi’ allowed millions of Pakistanis to become homeowners with minimal debt.
Currently, the company’s objective is to reduce the demand and supply gap of residential units in the country, allowing the majority of the masses to own a home.
HBFC Home Loans
Despite majorly targeting the middle- and lower-income groups in the country, HBFC home loans are also available for almost all individuals that need some sort of financial assistance in closing the deal. Currently, the company offers three types of loans to its clients.
- Purchase of House or Flat
- House Construction
- Balance Transfer
These loans have extended to livestock owners, farm owners, and non-resident Pakistanis. These flexible payment solutions aim to assist anyone in Pakistan that requires finances for their housing needs.
Who is Eligible for an HBFC home loan?
Since the program’s primary objective is to facilitate lower and middle-income groups, a strict eligibility criterion has been set. To be eligible for the ‘Ghar Pakistan Scheme’, your monthly income should be below 100,000 PKR, while the ‘Ghar Pakistan Scheme Plus’ requires a monthly income below 175,000 PKR.
Affluent individuals can also apply for a home loan through the ‘Ghar Sahulat Scheme’. However, these loans offer higher interest rates since the target audience of these loans are the lower-income groups.
Moreover, those applying for the HBFC home loans must be salaried individuals, self-employed business owners, and self-employed professionals. For verification purposes, HBFC requires a one-year bank statement, monthly utility bills, and a salary slip.
How to Apply for an HBFC Home Loan
If you are unfamiliar with the application process for an HBFC home loan, simply follow the instructions below.
- Head over to the HBFC home loans website at hbfc.com.pk.
- Click on the ‘loan inquiry form’ option. This will take you to the next webpage, where you will need to enter your details and other credentials.
- Once the inquiry form has been submitted, the company loan agent will review the application and contact you within two to three working days.
- During the screening process, you can check your loan status on the company’s website at any time.
- After an initial screening of your inquiry, you will need to submit an application with the required documents and other processing fees.
- The next step involves filing a few legal documents for financing and security purposes.
- If approved, the loan amount will immediately be disbursed as decided in the terms and conditions of the agreement.
Pakistan’s real estate market is set to exclude middle- and lower-income groups, making it impossible for them to become homeowners. HBFC home loans aim to combat this exponential increase in prices by providing low-interest home loans with easy installments. For more information, visit Feeta.pk, Pakistan’s first online real estate market.
All About HBFC Home Loans
- Published in home loans, Housing Finance, International, Real Estate Guide
Sheesh Mahal | Why is it a wonder?
Sheesh Mahal – The palace of the mirrors or Crystal Palace, located at Shah Burj block in the Lahore Fort’s northern-western corner, is a testimonial of extravagant art and magnificence. It was built between 1631 and 1632 during the time of Mughal Emperor Shah Jahan. The structure exhibits Shah Jahani choice and style in every aspect. Sikh Maharaja Ranjit Singh subsequently made the additional extensions. It has been a UNESCO World Heritage Site since 1981 as part of the larger Lahore Fort Complex. It is known as the “jewel in the Fort’s crown” since it is one of the 21 monuments built by successive Mughal kings inside Lahore Fort. Feeta.pk highlights the characteristics of Sheesh Mahal and explains how it is still a wonder today.
Lahore’s walled city is filled with stories of love, passion, romance, and exquisiteness. Architectural structures stand there as a testimony of magnificence and splendor. You’ll come across many stories of passion, desire, intricacy, and grandeur while wandering around the fort. The atmosphere surrounding you will be fascinated by such stories. Those who search out the secrets of the Lahore Fort will find them. Apart from being a stronghold, it was the Mughal dynasty‘s preferred residence that prompted them to build luxurious rooms for the great palace.
The elegant white marble pavilion is decorated with intricate mirror work, exquisite hard stone, and unique embellishments. The royal family and close associates had exclusive access to the hall. As you climb up the massive elephant stairs after entering Lahore fort, you will reach the renowned and spectacular Sheesh mahal. If you stand at one corner of Sheesh Mahal, which is currently located in Greater Iqbal Park, you can see the Badshahi Mosque, Maharaja Ranjeet Singh’s Samadhi, and the Minar-e-Pakistan. It’s a breathtaking panorama that shows the progression of history.
During the Sikh Empire, Ranjit Singh’s favorite spot was Shah Burj. Over the top of Sheesh Mahal, he established a harem. The significant use of white marble and hierarchical elements of the construction represents the Shah Jahani architecture.
The courtyard is accessed by the façade, which is made up of five arcaded marble rooted by paired columns. The pavilion is shaped like a semi-octagon and comprises apartments with plated pinnacles, finely adorned hard stone, and convex glass mosaics with hundreds of little mirrors. In geometric and tendril designs, stucco tracery and carved marble screens are further decorative highlights. Precious stones are embedded in the engraved dividers and bases. The central hall’s roof stands two stories high. The hall was initially covered with fresco murals, later replaced with multicolored glass mosaic.
Sheesh, Mahal was designated as a protected monument under the Antiquities Act by Pakistan’s Department of Archeology in 1975. It was registered as a UNESCO World Heritage Site in 1981 as part of the Lahore Fort Complex broader. Additional structures on top of Sheesh Mahal during Punjab’s later Sikh and British administration contributed to the dead load, making the edifice prone to collapse. And it wasn’t until 2006 that the ceiling’s faults were fully rectified, and the structure was restored.
Sheesh Mahal has been preserved entirely as a memorial to Mumtaz’s passion and love for Shah Jahan. The love story that led to the creation of this edifice is as remarkable as the structure itself. According to folklore, Mumtaz Mahal, Shah Jahan’s adored wife, wished to float in the stars as she saw in her dreams, and to make her desire come true, Shah Jahan had it built for her in Lahore. Unfortunately, she died before she could enter the palace, leaving the king saddened. Later, Shah Jahan had his soldiers build the Taj Mahal in India as a tribute to her.
Sheesh Mahal is undoubtedly a wonder even today. Any visitor entering the palace can not help but get mesmerized and awe-struck by the magnificence and beauty of the palace. The palace still tells stories and exhibits exquisiteness and love in every detail. The walls take you through history and provide an unforgettable experience. The palace reminds us of the great architects who created this magnificent edifice.
It is extremely important that we value our cultural heritage and preserve our extraordinary unique architectural marvels.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Pakistan Real Estate.
Sheesh Mahal | Why is it a wonder?
- Published in Architecture & Art, International
Starting Your Retirement Plan: 5 Ways
Are you worried about your post-retirement days? Though you have worked hard your entire life for your family and still want your finances to be ongoing. It is a great idea to start thinking of a retirement plan and by this, you will be able to accomplish your wishes with financial independence.
A retirement plan in simple words can be defined as making preparations for your future by planning today. It is important to design a retirement plan that suits your needs. The preparation for retirement planning includes
- Deciding when will you retire
- Formulating a retirement plan
- Estimate the amount of money you will be needing
- Planning investment to earn profit from your retirement saving
- Plan about your healthcare
- Calculate your mortgage
Managing your financial plan might seem a bit crucial because it determines the source of your income and your expenses as well. This is important because it helps in formulating a retirement budget by your plan. People entering retirement age mostly don’t plan for the time when they will no longer be working. But it is very important to ponder upon it at least 25 years before your retirement age to maximize as much profit as you can.
In Pakistan, it has been seen that unfortunately, people start thinking about retirement plans after they enter their 50s. Which is very little time to prepare and execute a retirement plan.
If you want to spend your time without depending on anyone for financial assistance, whether that might be your healthcare expenses, your joy and fun activities, or your daily expenditure, here are some ideas that will help you in your post-retirement days.
Feeta.pk in this blog lists down five ways how to start preparing your retirement plan.
- Buying a commercial property
- Investing in a plot
- Opening a retirement saving account
- Buying real estate for rental income
- Purchasing lifetime insurance
Buying a Commercial Property
If you don’t want to rent out your commercial property, starting a business of your own is a big yes!
Buying a commercial property to run your business is one of the greatest ideas for your retirement plan. If you already have some experience in business this will be the cherry on top to utilize your commercial property for running your own business. The most convenient ideas for business setup include opening up a bakery, general store, or grocery shop. Other than this there are ample ideas that can work best for a business setup, which primarily are a café or a restaurant, a fitness or center, a salon, or a boutique. One of the main things that need to be kept in mind before starting a business at the commercial property is the location. Therefore it is very important to plan a business that is beneficial for you in the long run. Business is a nice idea to stay busy and earn even after your retirement, also you can always hire people for help if it’s not easy for you to work full time.
Investing in a Plot
When it comes to investing in a plot, two things can be done depending on your budget, buying a plot file or a plot
A plot file can be defined as a document that the housing societies issue before they are developed. For long-term real estate investors in Pakistan, this is considered to be one of the most popular investments. The rates of the files about the plots are increased once the possession is announced and the plot is allocated. The buyer must thoroughly check and analyze the place where they are planning to invest and if you are choosing this as a retirement plan then you will have to be very careful so that when you invest your money in a plot file, you get a long- term profit from it.
The second option is buying a plot. Once you have bought a plot, you resell it at a higher price after some time. This is considered to be the safest and most popular investment. Usually, smart investors buy plots in areas that are underdeveloped and then wait until the area is fully developed and the price of it increases.
Opening a Retirement Saving Account
If you want to start saving your money for post-retirement days, opening a saving account is one of the options. So if you are planning to start a retirement fund then open a savings account. The benefit of this will not only be saving your money but also generating profit on your deposit. In Pakistan, almost all the banks allow their clients to have this particular type of account and obtain interest periodically. These accounts are not fixed accounts and you can easily withdraw money from them at any time from your debit card, online banking service, or checkbook. This is one of the most ideal plans for your retirement. If you are self-employed or even salaried, opening a savings account is a great idea.
Buying a Real Estate for Rental Income
If real estate investment is new to you, it is better to familiarize yourself with it so that once you invest in real estate you can obtain maximum profit out of it. Not just for real estate but for any investment that you plan to do, you must start researching about it thoroughly.
If you are someone who owns more than one residential property, you can easily rent it out for your post-retirement days and fulfill your financial needs from the rent that you will get from that property. In case you don’t have more than one residential unit, you can start saving for more units as a retirement plan. Real estate for rental income is a remunerative investment option if you are planning your retirement. The reason why it is profitable is that it gives you a constant return on money that you have spent on it. It is understood that renting out your property is a bit of a hassle, but for this, if you prepare a proper agreement with the tenants and make them aware of your rights, it won’t be as difficult as it seems.
Purchasing Lifetime Insurance
If you are looking for a practical retirement plan, purchasing life insurance is the answer. In simple words, it can be described as an agreement between the insurance company and the policyholder. The company promises to pay an amount after a period once the policy has matured and in return for this, the policyholder makes payment to the company either monthly or yearly. This is a smart way of saving money for your old age.
Other than this life insurance companies also offer various benefits such as accidental disability or hospitalization. This will help you in not being worried in case of emergency about your health-related expenses.
Companies that offer Life Insurance in Pakistan
It is better to start thinking about your life insurance from an early age, for instance when you enter your late 20s start thinking about purchasing a life insurance policy.
Why is Retirement Plan Important?
It is better to realize the importance of a retirement plan before you can no longer work. Here are a few reasons why having a retirement plan is important.
- It helps in the fulfillment of one’s dream
- Ensures financial independence
- Helps you meet the needs of family members who are financially dependent on you
- Ensures that money is available upon urgent need whether that’s related to health or any other circumstance
- An increase in the average life expectancy has been noticed
- Relying only on pension is risky
Some Retirement Facts:
- Normal retirement age is between 60-65 years
- Early retirement age is 10 years before the normal retirement age
- Late retirement age is 5 years after the normal retirement age
- Members account balance will be used to purchase an annuity, on retirement
- A tax-free sum of 25% of the account balance will be received by the member upon retirement
It is never too early to start thinking about your retirement plan. In this blog, Graana.com has listed down the five most popular and beneficial ideas for your post-retirement days. It depends on you which plan you think is most suitable and can benefit you in the long term.
To have a stress-free life, you should gear up and start planning for your post-retirement days for not only a regular income but to grow your money as well. This will help you in the days when you don’t want to be dependent on anyone, your kids, or on your family and also when you can no longer work. You can adopt any of the plans mentioned in this blog for a relaxing time during your retirement days.
So, what’s your pick?
Contact Feeta.pk today for investment opportunities to earn even after your retirement.
Starting Your Retirement Plan: 5 Ways
- Published in International, Technology, Trends, uk, ukraine, USA, Zillow
Earthy And Airy, Brown And Blue Decor Ideas
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Not only are brown and blue decor complements on the color wheel (brown being a dark shade of orange that is the opposite of blue on the wheel) but the color comb is found abundantly in nature. Consider the coast and the sea, and where the mountains meet the sky. This is a soul-soothing color combination that bears a great stamp of approval from Mother Nature herself. Here, we’ll explore two brown and blue home interiors that show us how to aesthetically balance the contrasting shades, with plenty of visual rest space in between. We will look at small and upscale apartments, elegant bedrooms and unique bathrooms.
This 115 square meter apartment is located in Budapest. The apartment has been renovated into a new configuration of 3 bedrooms and a smaller kitchen, rather than 2 bedrooms and a larger kitchen, to maximize rental income. The mixed lounge dining combo achieves visual harmony with a common color palette of warm tan and windy blue accents.
A modern tufted sofa draws an L-shape around the perimeter of the living room area, creating a close and comfortable layout with the TV wall. A modern coffee table keeps the core of the living room layout light and clear with a white tile finish. A teak and rotating Kangaroo Chair, designed by Pierre Jeanneret, rounds the opposite side of the arrangement.
The sculptural centerpiece is the trendy one Connect a candle, designed by Colin King Studio for Menu. A solid blue dining room pendant light lowers a coupon off the table to make a colorful effect.
As there is not much daylight, a small side room was next to the kitchen to share natural light from its window as well. This small room used to be a WC, but now serves wonderfully as a butler pantry with a mini “art gallery”. Wall art, decorative ceramics, textures, colors and the oversized lighting installation add a fabulous character that enlivens the space.
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Earthy And Airy, Brown And Blue Decor Ideas
Development Plans for Islamabad’s Sector E-12/4
ISLAMABAD: The development of Islamabad’s sector E-12/4 will be launched soon.
In this regard, the Capital Development Authority has invited bids to start work on the sector. The authority received offers from 5 contractors, with the lowest standing at Rs289.81 million.
As per plans, the development will include construction of roads, including main roads and service roads, installation of street lights, sewerage system with a drainage system and water supply pipelines and development of green belts and public parks.
The authority informed that the proposal of the new sector has already been submitted to the commission formed under the federal government to revise the master plan of the capital city.
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Development Plans for Islamabad’s Sector E-12/4
- Published in Construction, Everyday News, International, Zillow
How to Check the Federal Government Employees Housing Authority List
The government of Pakistan has launched several initiatives over the years to facilitate federal government employees. One such perquisite is the Federal Government Employees Housing Authority (FGEHA). The authority is responsible for introducing new housing schemes in the capital and allocating a quota for government employees.
However, accessing the FGEHA list can be a hassle if you’re not familiar with the procedure. To ease the process, Feeta.pk features a guide on how to check the Federal Government Employees Housing Authority list.
A little about the FGEHA
The Federal Government Employees Housing Authority was established in 2019 under the ordinance of the President of Pakistan. The objective behind creating this body was to ensure a safe and secure shelter for the lower-income groups in the capital that are currently residing in impoverished settlements or ‘katchi abadis’.
The FGEHA aims to deliver new housing units to federal employees at low and affordable costs, ensuring every employee becomes a homeowner. Currently, the authority is planning on pushing in almost five million low-cost units into the market, with federal employees being at the utmost priority for the allocation of these houses.
The government hopes that this initiative will be able to tackle the status quo in the country’s real estate market which completely excludes middle- and low-income groups, while extracting immense profits from the ones that can afford it. By pushing more units into the market, the demand for housing will decrease, allowing the skyrocketing prices to descend.
How to Check the Federal Government Employees Housing Authority List
The process for checking the FGEHA list is quite simple. Follow the instructions given below to access the list.
- Head over to the Federal Government Employees Housing Authority’s official website.
- At the top side of the webpage, you will find several drop-down menus. Select the ‘membership drive’ drop-down menu.
- The drop-down list will offer various options for different memberships. Click on your allocated membership program.
- The next webpage will have the message ‘click here to login. Click on this message and this will take you to the login page.
- Once you reach the login page, add your credentials to the specified fields. Enter your CNIC number (without dashes) and your password.
- After logging in, the details of your membership will be available on your screen.
- If you encounter any issue while logging in or if there is no information regarding your membership, you can file a complaint at ‘complaint@fgeha.gov.pk’ to have the issue resolved.
- For any other issue or query regarding your membership in the program, you can visit the FGEHA office in G-10/4, Islamabad.
Pakistan’s government is known for its generous well-fare programs for its employees. The Federal Government Employees Housing Authority is one of such programs, making way for lower and middle-income employees to become homeowners in the country’s capital. The government is planning to expand the program to allow more federal employees to become part of the FGEHA list in the near future.
For more information, visit Feeta.pk Pakistan’s first online real estate market.
How to Check the Federal Government Employees Housing Authority List
A Spectacular Seaside Tropical Villa
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Seaside Tropical Villa Amazing exploits its rare position by fully absorbing 270-degree unobstructed beach views through massive edge-to-edge windows. While the villa enjoys this spectacular position, it is conveniently located to enjoy easy accessibility of the main road in just 2 minutes drive, giving the homeowners the best of both worlds. With 5 Bedrooms and 6 Bathrooms, the owners can comfortably open their home to extended family and friends as overnight guests. The contemporary 3-storey villa also boasts a large shapeless endless edge pool on a spacious terrace, a massage room and a separate spa, beautiful tropical gardens and lush manicured lawns.
Completed in 2018 this fabulous villa of 1713 square meters stands on a plot of 2600 square meters on a coastal hillside. The sloping site is dense with tropical vegetation and palm trees that give the home an abundant green background. A grand azure perspective unfolds ahead with vast views of the glistening ocean and clear blue sky.
A large, curved free-form endless edge pool curls around the front of the property, giving swimmers a sense of connection with the vast ocean that rushes to the foot of the hill. Large stones protrude through the sides of the pool to further cement the relationship of the property with its surroundings.
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A Spectacular Seaside Tropical Villa
- Published in coastal, Luxury, modern, swimming pool, villa
World Bank: Punjab Real Estate’s Rs400 Billion Tax Capacity
In a recent report published by the World Bank, the international body has identified potential in two out of three major areas of tax revenue collection. The major areas are mainly Services Sales Tax, Urban Immovable Property Tax (UIPT), and Stamp Duty, among which the latter two are exclusively related to the real estate sector. As per the report, these two areas can collectively bring Punjab’s real estate sector to generate revenue of up to Rs400 billion if it is incorporated with the modern techniques of digital mapping.
UIPT is duly gathered by E&TD (Excise and Taxation Department), whereas the BoR is responsible for collecting the stamp duty. Improved and digitized land records assist in improving system analysis and coordination of the two main land-related tax authorities ie E&TD and BoR, in addition to implementing Stamp Duty and UIPT. Because of this integration between the two land tax authorities, Punjab real estate has shown the prospect of generating the highest revenue in tax.
As per the WB report, Punjab’s urban housing gap is expected to reach up to 11.3 million units by the year 2047. This gap is being generated by the rising population, migration of people from rural to urban areas in the country, unnamed and abandoned lands, and a decline in the existing housing stock. An estimated 2 to 2.5 million units are being constructed in Punjab under the Punjab Housing and Town Planning Agency.
Mainland records in Pakistan currently fall under the responsibility of provincial Boards of Revenues (BoRs). All Register of Deeds, Mortgages and Property Transfers are maintained here, as per person-based records, along with the facility of cadastral maps. BoRs typically stemmed from only rural records initially. With the unplanned expansion of urban areas around the city center, eventually, city centers were also included in this. For private housing agencies and cantonments, the responsibility of keeping records of plots and properties is on their end.
The World Bank reports the effect of the absence of standardized systems in keeping records of property rights in urban areas, and there are significant challenges that are keeping the revenue at par. These challenges include lengthy dispute resolutions, overlapping records of registries, inequitable taxation and a lack of property rights information for authorities to perform their responsibilities. Women from urban areas face extreme marginalization in their property rights and loss of inheritance due to a lack of transparency in property ownership, cultural restrictions, forceful property transfers etc.
Federal and provincial governments have come to the realization that such challenges may hinder the possibility of achieving the goals of the Naya Pakistan Housing Program of constructing about 2.5 million low-cost homes in Punjab. To resolve these issues, the World Bank has proposed an amount of $ 150 million on their behalf to develop and improvise the ‘Punjab Urban Land Systems Enhancement Project’.
This expense breaks down into four components; $ 103 Million for cadastral maps for Land Records Management and Information Systems (LRMIS) and digitization of records, and another $ 3 million for Land for Housing, to make the process of identification and evaluation easier. LRMIS proves to be extremely beneficial for keeping track of property and land rights and combining it with cadastral mapping systems such as PropSure bringing authenticity and transparency to the digitized land record systems.
Digital cadastral mapping assists in the integration of multiple registrations of a land area and designates it under a single and unique identifier. This process helps in enabling a seamless process that allows clarity and authenticity in the real estate sector
The remaining amount of about $ 35 Million is designated for the establishment of Land Information Systems to combine the rural and urban land records. The project risks environmental damage posed due to mass construction. Still, it is the solution to the current housing and land record issues in the system.
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World Bank: Punjab Real Estate’s Rs400 Billion Tax Capacity
Parisian Chic Interiors: Say Oh Là Là!
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Parisian Chic Home Interiors, In the chic apartments of Paris, style is elegant but comfortable. This applies to clothing fashion and home interiors alike. Just as we are inspired by the Parisian sparrow to fill our closets, inspiration from fabulous French home interiors is also spreading around the world. Europe has been watching Paris since the reign of Louis XIV, when luxury goods came under royal control. Today, it is not the French royal court that is in a position as the arbiter of taste and style but the illustrators of these three complex domestic concepts. Come with us as we tour luxurious Parisian chic lounges, beautiful dining rooms, delicious kitchens and trendy bedrooms – Oh là là!
A curved sofa design gracefully traverses the perimeter of the room, embracing the edge of a chic, circular stone coffee table. Next wall between the living room and the kitchen contains two arched shelving units, built inside to add an elegant architectural interest. A built-in planter makes an attractive bed for indoor plants.
Within the same large living space, a second living area is formed with a more linear aesthetic, including a rectangular rug and a contemporary linear sofa. The slim, minimalist lamp is a Sampei floor lampdesigned by Davide Groppi and Enzo Calabrese.
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Parisian Chic Interiors: Say Oh Là Là!
Commonly Used Sands For Construction
When you think of building materials, what comes to your mind?
It’s most likely stone, cement, steel bars and Sands For Construction, etc. However, one other material is fundamental to construction: sand. When mixed with other construction materials, it provides strength and adds bulk. Its tenacious properties make it vital for building materials. On Feeta.pk, you can find many informative blogs regarding construction materials, etc.
Sand has been used in construction materials for ages. It is mainly obtained from the sea, beach, river, and desert. There are many different types of sand, and each serves a different purpose. It’s crucial to know the kinds of sand because you will decide which one would be suitable for your project based on that.
Types of Commonly Used Sands For Construction
Sand is classified into different types based on its grain size, color, shape of granules, binding power, bulk, and price.
Concrete Sand
Following are the characteristics of concrete sand.
Source
As the name suggests, concrete sand is made from crushed concrete. After crushing, the sand is filtered to remove impurities and larger fragments. It mainly consists of limestone, granite rock, and gneiss.
Its Nature and Shape
It is coarse and has relatively smaller particles than crushed stone sand. Its particles are sharp and angular in shape, making them rough and less absorbent.
Its Use
After mixing it with water and cement, it is used for constructing patios, sidewalks, etc.
Other than that, some other uses of concrete sand include leveling medium, bedding pipe, and de-icing.
Pit Sand
Following are the characteristics of Pit sand.
Source
Pit sand is found naturally in deep pits about 2 to 3 meters underground.
Its Nature and Shape
It is also coarse sand with sharp, rough, and angular grains, enabling it to have the perfect binding properties. It is reddish-orange as it contains iron-oxide in it. It usually has zero salts in it compared to sea sand.
Its Use
Due to this reason, it absorbs less moisture, hence making it more suitable for building and construction purposes. Its binding properties make the buildings rigid and stronger.
River Sand
Following are the characteristics of River sand.
Source
The other name for river sand is natural sand. It is found naturally near the streams and banks of rivers.
Shape and Size
It is white-gray and has a really fine structure. Because of its particles’ extremely fine form and softness, it is in high demand for construction work.
Its Uses
Mainly it is used for construction, masonry work, RCC, plastering, block works, etc. It requires less water because of the already trapped moisture in its particles.
It is cheaper than other types of sand because it is found naturally. You need to keep it in mind before using it for construction to make sure that it has less than 5% silica because it generally tends to have higher amounts of silica in it.
Manufactured Sand or M-Sand
Following are the characteristics of M-sand.
Source
It is an artificial type of sand that is manufactured in factories. This sand is used mainly as a substitute for the fine river sand. With the rise in demand for fine quality sand, M-sand has been used more and more. One significant advantage of using this sand is that it cuts the cost of transporting the natural sand from rivers to the construction site. Hard granite goes through crushing, sieving, and washing, and then this river sand-like sand is formed.
Shape and Size
Its granules are angularly shaped, which helps in creating an excellent bonding when used in construction material.
Its Uses
It requires a high amount of water, but it can be compensated by using cement.
Because being manufactured artificially in the factories contains zero silt or any other forms of impurities. Besides being economical, it has fewer chances of adulteration because it’s being prepared under control conditions.
Mortar Sand
Mortar sand is also called masonry sand. It is widely used for landscaping and construction. Masonry sand is a suitable type of sand often used in construction.
Shape and Size
Because it has almost the same-sized grains, it has a smooth and fine structure.
Its Uses
Besides masonry work, it is also used for many other purposes, particularly for exterior finishings because of its nice appearance.
Fill Sand
Following are the characteristics of Fill sand.
Source
As the name tells us, fill sand is mainly used in construction work for serving. Many different sand grains are mixed with aggregate to get this sand. Particularly, fill sand is all finely crushed rock particles that have gone through the process of erosion.
Its Uses
It is a perfect base material for the construction of buildings because of its compaction properties. It can also be used as a backfill to stop drainage in underground concrete tanks.
No matter what type of sand you choose for your project, some things must be considered. The silt material should always be less than 3%, and there should be no traces of any kind of impurities. Also, you should analyze the sand type that you are buying and check whether it is suitable for your project or not. As sand is one of the basic materials used for construction, your carefully chosen sand type can make a difference in the structure’s strength and durability.
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Commonly Used Sands For Construction
- Published in Construction, Infrastructure, International, Real Estate, Technology
Crackdown on Encroachments in Zone 4.5 by Building Control South
CDA Building Control South Director Shafi Marwat has ordered a crackdown against encroachments campaign against illegal residential and commercial construction in Zone Four and Five.
In this regard, the authority has formed two teams – with Deputy Director Javed Zehri in charge of the Zone Four team while Deputy Director Sajjad Bajwa will oversee the operation in Zone Five.
Director South Shafi Marwat has instructed the concerned teams to write a letter to the Enforcement Directorate to stop illegal constructions in the stated areas.
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