The Dream Home Kit: It is finally here!
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We may have taken some time, but we are proud to bring you our very special Dream Home Gear, the most comprehensive home design resource kit ever put together for the first-time home builder. This package has been diligently completed three years in the making to offer a comprehensive set of design sources. It includes guides, house plans, color palettes, plant combinations and contact details for some of the world’s best architects, interior designers and landscape designers. If you’ve ever longed to create your own dream home but aren’t sure how to realize your vision, then this is for you. Look here and get a special early price along with bonus e-books only for a limited time!
A thing like your Infinity Protection to design your dream home, but with a lot more gems!
Your Dream Home: Included in this package, Your Dream Home
is the ultimate guide to read before starting your project journey. This in-depth, packed resource has over 300 pages of comprehensive tips for anyone considering building their own home. It covers every step of the home design process, including the initial decision-making process, how to avoid common mistakes, timing, budgeting, and funding for your construction. You will learn what to expect at each stage of the usual construction process, how to identify the right professionals and choose the right place, layout, style and finish, and how to maintain property value throughout life.
House plans: Equipped with both imperial and metric dimensions, this multi-pack of 25 house plans also includes lighting and power lines, furniture arrangements, information on concrete mixes and concrete hollow block reinforcement, plus specifications on floor, wall, window and door. The plans cover a range of two-, three- and four-bedroom designs for two-story homes. Each informative home plan also includes CAD files, detailed section drawings, side elevations and chic 3D images.
100 Outstanding Architects: The book Outstanding Architects presents great talent from all over the world. Featuring a hundred accomplished architects with a proven track record in amazing feats of engineering, this superior enclosure provides an invaluable resource for your home-building journey. Within the book, you will also find the professional websites of each architect so that you can go much deeper under the surface of this inspirational collection. This valuable tool is designed to help you forge a successful partnership with like-minded talent that will realize your dream home.
100 Outstanding Interior Designers: The Outstanding Interior Designers book is a carefully curated list of one hundred creators from all over the world. With this book in hand, you will be able to choose from an outstanding talent set that can help you realize the interior spaces of your dream home. This crucial book has been compiled to offer a wide variety of styles and creative style so that all the different perspectives are taken care of. The inspirational images inside show the work of interior design professionals at the top of their craft, and you’ll find information on the designers ’website next door for further study before contacting.
100 Outstanding Landscape Designers: This guide to Outstanding Landscape Designers From Around The World will help you nurture your own piece of the globe. This green-fingered talented set of 100 nature-loving souls is equipped to tame and mow wild habitat and finely tune green spaces to elegantly complement your architecture. Whether you’re looking to create a layered landscape, install a compact vertical garden or plant a paradise at your pool, this book has inspiration for everyone. When it’s time to dig a little deeper, you’ll find links to the landscape designers ’websites so you can start your journey.
100 Beautiful Palettes: Choosing paint colors can be fun but stressful at times, due to the vast amount of options offered. Take the guesswork of color matching and effective contrasts with this book of beautiful palettes that contains a hundred inspiring combinations. You’ll find effective color combos to suit every decorative taste and interior aesthetic, every room type and size, and different levels of natural light. From pale, toned palettes to lightly saturated bolds, you’ll never run out of inspiration for your next painting project.
100 Beautiful Plant Combinations: Enter the details of your future dream garden with this book of beautiful plant combinations. With a hundred inspirational groups that will encourage you to come outside your dream home all year round, this guide is essential for gardeners and novices alike. You will discover plant inspiration with variety, color and wow factor delivered by creative placement and display. You will also receive important information about which plants thrive well together in terms of climate and conditions so that your new garden can truly thrive.
Spreadsheets and Contracts: Compiling all the information for your new home design can be a difficult business, so you’ll need a system by which you can keep track of your contracts. This set of spreadsheets will speed you on your way to staying organized while you book contractors, and is safe from losing essential contact information. You will also find a short template by an architect attached to help you clearly present all your wishes and needs so that your creative team can realize your home dreams.
Bonus Ebooks (Only For a Limited Time): We include our Book Of Beautiful Homes and The Best Of Interior Design as presented in Home Design only for a limited time. Be sure to be an early bird to catch an even more exciting deal!
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The Dream Home Kit: It is finally here!
- Published in Architecture, dream house, General, home, home building, Home Decor, home design, homes, house, house decoration, house design, interiors, plants
How to Buy/Sell Property in Pakistan Easily
As it turns out, Sell Property in Pakistan is often easier than buying one. Real estate usually does not have to pay various types of taxes, and they often do not have to see multiple buyers because they are frequently contacted by interested parties. This does not imply that the procedure is fast. This blog will examine all aspects of buying and selling property in Pakistan.
The buying and selling procedure of property in Pakistan is similar everywhere in all housing societies, with slight differences imposed by individual developers. Most individuals wonder how property in Pakistan can be transferred. The transfer procedure is carried out at the office of the municipal land development authority.
How to Buy a Property in Pakistan?
Some buyers regularly ignore essential advice when buying property in Pakistan or buying houses at the lowest possible price. Below are some ideas and tips for buying property in Pakistan.
The key is research
Do ongoing research. You can never do the necessary research. A lot of people rush into real estate and make rash decisions, which leads to bad buying decisions. If you like property, get some information about the surroundings.
Find the neighboring crime rate, and find out how many houses in the area have recently been sold. Discover in depth.
Visit the region
The most critical step to getting home ownership in Pakistan is to visit the actual website. The buyer must request that the merchant accompany him to the website to inspect and confirm that the property is on the ground.
For Pakistanis living abroad, another individual must come to look at the property and then resolve the difficulties.
Don’t ignore the neighborhood
Is it acceptable to claim that you are looking for peace and quiet? Remember that a real estate agent works with the seller to ensure the best possible deal they can arrange at the best possible time.
When you see a property, the surroundings can be peaceful and quiet. Consider whether the area is well equipped to meet your needs.
Evolutionary state
Every buyer wants to buy ready-to-move apartments or those that are under construction. The condition of these prefabricated homes must be satisfactory, and these houses, villas, and apartments must exist on the property independently.
In any case, the method must include at least the gray structure of these features.
Possession of plots
Plots having possession or where it will soon be proclaimed are always preferred in acquisition.
Buyers should try to buy houses, villas and apartments where keys have been delivered or will be delivered soon. In the area where ownership is available, housing is growing rapidly.
Empty property seems to be very different
Suppose the property is empty — don’t be fooled by a well-created merchant’s offer. When a home is stripped of its lining, you may be surprised at how grand it looks.
Check behind and under the furniture, as no one knows what surprises may be hidden: dirty floorboards, peeling wallpaper, and so on.
Location in general
If main area properties are expensive or inaccessible, the overall area of the area and the location of your home should be appropriate. All buyers must exercise extreme caution as they come home for a point of sale, house number, villa number and apartment number.
Individuals who are interested in buying unelected apartments/villas are advised to slightly expand their budget to acquire property with a number.
Finding the perfect house is never easy. Shouldn’t something be mentioned about your ideal location? Does it have all your necessities, similar to a neighboring grocery store, party, schools, etc.? Focus on the overall plan rather than just the website. Make sure the community is equipped to meet your needs.
Real estate
Before making an offer, make sure you have asked about what comes with the property. Many apartments are well-appointed, especially those with integrated bathrooms and kitchens. You might be surprised if you relocate only to discover that the previous owners brought the fixtures with them.
Explore property prices
Regardless of whether you suspect something, you can never find the right property with just one investigation. Take as much time as you need to find a place. Don’t limit your search to one area.
Instead, be fairly open to other results. You will show indicators of progress in terms of what your well-earned money can really bring to you. Examine the properties at various retailers.
How to Sell a Property in Pakistan?
If you want to sell your house in the real estate market, keep reading these amazing recommendations on how to sell your property in Pakistan.
Your home needs to be ready for a “move”
Aesthetics are essential, but appliances, doors, plumbing and electrical equipment must also meet current construction requirements and function properly.
Again, the goal is to have the house in a condition of relocation and give prospective buyers the feeling that they will be able to relocate properly and start enjoying their new home without having to spend money or time repairing it.
Separate yourself
Consider creative designs or specific upgrades, such as landscaping, new roofing, or high-quality windows, to attract buyers and highlight your property. So, while we encourage making small changes. How to change the kitchen sink or repair an aging water heater, we do not propose to make major changes.
If you have an old-fashioned bathroom or kitchen, you will usually go ahead lowering the asking price for a buyer to choose their own textures. This can help improve the appearance of the house while possibly increasing the value of homeownership for sale in Lahore and other regions of the country.
Any changes should be functional, with patterns and colors that appeal to the widest possible audience. In addition, they should complete the house and its other amenities, such as building a lawn or yard close to the outdoor space.
Take away the disorganization
It is important to remove all clutter from the home before showing it to prospective buyers because buyers need to be able to see themselves in the space.
This could involve removing some furniture to make rooms look bigger, as well as storing personal items such as family pictures. This method can greatly help you list your home for sale.
Improve curvature appeal
The value of a curved appeal is sometimes overlooked by vendors. The first thing a buyer notices about a property is its exterior and how it blends in with the surrounding neighborhood.
Make sure the exterior is freshly painted and that the plants and lawn are properly cared for. In the real estate market, aesthetics are quite important, especially when you are buying DHA houses for sale. What better approach to distinguish your home than to make it visually appealing at first glance?
Sugar the deal
Another method to make the accommodation and treatment more appealing to buyers is to include terms or items that can sweeten the pot. For example, sellers who provide a few thousand rupees credit for closing costs or offer to pay closing costs in full may attract greater attention from homebuyers looking for similar properties.
Buyers are looking for a deal in a low market, so do your best to make them feel like they’re getting what they want.
Appropriate price
No matter how well you restore and present your home, it is important to evaluate it correctly, especially for retailers in Bahria Town. Consult a local real estate agent, such as Feeta.pk, and visit their online real estate website to find out what comparable properties in your area are selling.
Selling your property quickly requires a little extra effort. Do everything you can to have the house in a clean condition, and be prepared to make a few small concessions at closing. These amazing recommendations, along with an attractive rate, can increase your chances of successfully selling your property in Pakistan.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about property in Pakistan.
How to Buy/Sell Property in Pakistan Easily
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Digital Power of Attorney for Overseas Pakistanis
Digital Prosecutor
A day after the joint session of Parliament passed 33 laws, including “the Election Second Amendment Act, 2021”, providing voting rights to overseas Pakistanis, the government launched a digital portal to assist emigrants with a certificate from a prosecutor.
Prime Minister Imran Khan’s launch of a platform for automation proxy is yet another innovative step for Pakistanis living abroad.
The service will help expatriates get online confirmation from their prosecutors without having to visit embassies.
It was first released in ten countries and has now been linked to NADRA’s database, enabling it to provide services to all embassies and consulates around the world.
Solution to Many Problems
In his remarks during the inauguration, Prime Minister expressed regret that abroad Pakistanis were not considered an asset to the country. He asserted that now that they have been given the right to vote in elections, every government will respect them.
He added that emigrants have problems with a prosecutor and that automation would solve their problems.
The Prime Minister also expressed his joy at the approval of a bill allowing electronic voting machines to be used in general elections.
Technology has changed the world, and refusing to adapt to it is ridiculous, he said, adding that only corrupt forces oppose it.
“It made me very happy yesterday,” the prime minister said during the ceremony, “because we have now involved Pakistanis abroad in the democracy of Pakistan.” He claimed that because emigrants now had voting rights, “Every government will value our foreign Pakistanis.”
The nine million non-resident Pakistanis will vote for the administration, which can improve their lives when they go to the polls. “The most important advantage will be that a citizen can control the government with his vote in a democracy,” he said.
Certificates of Inheritance
Through biometric verification at Pakistani missions abroad, the National Database and Registration Authority (NADRA) would provide letters of administration and succession certificates to foreign Pakistanis, saving them the trouble of going to court.
The government has publicly disseminated the method of requesting the said documents through Pakistani missions to raise awareness of Pakistani expatriates who would otherwise have to languish in local courts and endure a lengthy process.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Pakistan Real Estate.
Digital Power of Attorney for Overseas Pakistanis
- Published in Business, Digital Power of Attorney, digital power of attorney nadra, General, How to apply power of attorney, how to check power of attorney online in pakistan, how to get power of attorney, Marketing, Nadra Digital Power of Attorney, Overseas Pakistanis Power of Attorney, overseas voter registration pakistan, Power of Attorney, power of attorney cost, power of attorney for property, power of attorney online, power of attorney sample, Property News, Real Estate, Real Estate News
51 Home Library Designs for Book Lovers
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Home libraries are places to escape, get lost in the pages of adventure, romance, deep study or self-reflection. While screens have their place in our modern lives, nothing quite resembles opening a new paperback or revisiting an old favorite. The relaxation of looking through those familiar smelling pages is a completely different form of reading than being bombarded with blue light. These special moments deserve a special place, so we’ve put together 51 home library projects that will keep you in love with books for hours – grab a pot of tea and a packet of cookies to keep you going!
Are you trying to find enough wall space for a complete home library installation? Fear not, tailored bookshelves can be shaped to fit around any corner, corner or faucet. This set encircles the edges of a partition between the living room and kitchen, rounds the corner into a short corridor and fills the TV wall to light up.
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51 Home Library Designs for Book Lovers
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Factors That Govern the Real Estate Market
Pakistan’s real estate market has gained momentum over the past decades now. Investors see it as a great new horizon to invest and make profits, making the market more attractive to new investors both medium and long term. Investing in the real estate market is not easy. There are many factors that affect the market, and it is essential to gain knowledge before making any move to invest. To understand the fluctuation, we need to study the factors individually. Although there are many elements including, demographics, economic growth, affordability, laws and policies, and so on.
Here are a few that mainly change the game.
1. Location
The first and most essential element is the location of the property. The better the place the higher the price. Therefore, the real estate in the city center is more expensive than the real estate in the surrounding area. Location controls many other factors including, commuting, and access to facilities. Proximity parks, schools, facilities and proximity to the city are all great additions; therefore control the price of the property.
If you are buying property, the location should be very considerable. In Karachi, the most notable regions are, DHA, Clifton, PECHS and SMCHS and so on. Similarly, if you are shopping in Islamabad, places like DHA, I8, Bahria etc should be considered. Lahore on the other hand is famous for Cantt, Model Town and DHA.
No matter if you are investing in a business or buying a house, location is the first consideration. Although this will cost more than the others, this is a factor that needs serious consideration before making any decision.
2. Physical state
The second in line is the state of the property. Sometimes the state of the property is zero and the only money involved is for the location and size of the plot. To invest in real estate, conditions play a vital role. If you are interested in buying a newly built house, you may have to pay more than buying an old building. It is always preferable to buy a well-maintained or new property instead of investing in a property in a poor state.
The condition of the property includes the interior and exterior. Critical and intentional inspection of the property is essential. Before concluding the deal, check for everything from murals to appliances and furniture arrangements; each plays an important role in access to the state of the property. You don’t need a house that needs a lot of repairs and maintenance if you pay a quick sum of money.
You can negotiate the price once the condition of the property is accessed. The price is negotiable if you find problems with the condition of the property. Anything damaged or broken can help you in negotiation. This negotiation will save you some money to raise the status of the purchased property.
3. Limit Appeal / Surroundings
The main element that adds value to the physical condition of the property is the quality of its surroundings. If the property is surrounded by low-valued shops like mechanics etc, the value will be low. The surroundings can be improved and this improvement will add value to the property price. The overall appearance of the property makes it more expensive.
A good car garage, a plantation outside the property, a decorative driveway and lights can multiply your profit. This is one aspect that can be worked on at any time. If your house looks good from the outside, you can always ask for more price resulting in more profit.
4. Government Laws and Policies
Policies about where you live or intend to purchase property also have a big impact on its valuation. A change in policy causes a price fluctuation. For example, the recent change in the law on share buying has caused a decline in the price of shares.
When buying any property, you need to check the policies currently in force.
5. Facilities and Installations
Ease of living in the new standard of modern society and place. And usually, all newly built properties, whether apartments, built-in communities or corporations, all compete to provide customers with everything that can be arranged.
Generators, elevators, community halls, gyms, swimming pools, parking, electricity, and water supply are all part of facilities and facilities. Most people
prefer PECHS instead of DHA only because of the constant water supply. Older communities and properties where such high-tech facilities are lacking often cost less.
Access to Public Transportation is another advantage to property taxes. Other facilities include supermarkets, hospitals, and parks, which all add value to the properties in the vicinity.
6. Security
No one is willing to buy property in an area where security is an issue. Everyone expects a safer and safer environment. Location and security go together. Because security primarily depends on the location of the property.
Inbound communities and societies are a new cart. The 24/7 security of these built-in communities is a valuable addition that cannot be ignored. The addition of guards, CCTV, and a high-tech security alarm further enhances the property.
7. Demand and Supply of Property
As the world changes, so do the choice of people. The trend to buy an apartment with a picturesque view in a tall building has increased the demand for such kind of property and therefore the prices are higher.
Most people are interested in buying property in urban centers, creating a superior demand. According to the economic rules, the higher the demand the higher the price. Meanwhile, in places where property abounds available and less demand the prices are lower. On the other hand, if prices are too high, demand falls resulting in an imbalance of supply and demand.
It is imperative to study the demand and supply of real estate before buying one.
The above-mentioned factors are the basic ingredients of real estate but are not limited to these. There are many factors that govern the price of the property. It is important to study every factor before making a big decision to invest in property. This article is written to educate people about property valuation. We intend to help everyone with future property issues.
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.
Factors That Govern the Real Estate Market
Success in Real Estate Investing: What It Takes
Real estate investing is always one of the most lucrative businesses in Pakistan. The real estate business provides many ways to make money fast and increase your wealth significantly in a short time. However one should never forget the fact that this industry is very competitive and you need to be extremely efficient to achieve lasting success in real estate. No matter whether you are a novice or an experienced real estate guru, learning and adopting the habits of a successful real estate investor is an ongoing process and it can be very effective at any stage.
Unquestionably investing hard-earned capital in any new venture is a very risky task. But with regard to real estate, always remember that the greater the risk, the greater the success. By comparison, over time, making a profit against your real estate investments becomes easier once you find out about the market trends, clear up your goals, develop a niche, and build a network.
There are currently various well-known institutes that offer real estate in Pakistan. Obtaining a degree in this field may be one of the important steps to becoming a successful real estate investor, but it is not a prerequisite to becoming a successful real estate investor. If you really want to continue your career in this domain, you need to learn and follow the habits of successful real estate investors, their stories, and their vision, and try to embrace their characteristics.
5 habits of successful Real Estate Investors
Today we have collected some of the very effective habits shared by successful real estate investors. Let’s move forward.
1) Make a Plan & Paste it
Most beginners don’t realize the importance of having a plan before investing in real estate. To achieve success in real estate, you need to have a solid investment plan and the ability to adhere to your plan.
As a novice, you need to be clear about where you want to buy real estate, and how much you want to invest. What is the acceptable return, and what is the time frame for your investment? How fast do you want to earn a profit and what is your target market? Moreover, you also need to research whether you need to invest in residential or commercial real estate.
Once you become unambiguous in your plan, set your short- and long-term goals according to your plan. Stay disciplined, and be prepared to face small setbacks and always think from a broader perspective.
2) Notoriety With The Market
Reading carefully about the market situation is one of the main skills needed to become a successful real estate investor. This includes knowing the changing trends of the market and analyzing the demand of buyers, means and what actually buyers are looking for. You need to be well aware of the kind of properties that serve as a hot cake in the market. You need to be able to predict the locations for high capital gains and an impressive rental yield.
Deep knowledge of target markets, getting the traps and acquaintance with the trend prices is as essential as knowing the consumer’s spending habits, priorities, the inflation and unemployment rate, middle income and other factors that influence the buying and selling power.
Smart investors always have this information. Being aware of market trends also allows them to predict future trends. And this skill can create very lucrative opportunities both in the short and long term.
3) Build a Niche And Focus
Building a niche is very essential to becoming a successful real estate investor. Many large tycoons in real estate investors have a certain niche. Therefore, it is highly recommended for beginners to choose a particular market, build a niche and focus on it. This practice takes a long time to master, but step-by-step learning will make you understand the market and a specific type of property, neighborhood, or area of interest. However, we always recommend focusing on a single market if you want to be a successful investor in the long run.
In Pakistan’s real estate market there are many options for new investors like poor or cheap housing, mixed-use developments and high-rise housing. Similarly, the country is also witnessing a significant increase in the popularity of hotel apartments, which is yet another possibility in the growing real estate sector.
4) Brainstorm and Risk Calculations
As we always say, the greater the risk, the greater the gains. Risks are the essential element of any investment or business. To be a successful investor, you must have the ability to assess, calculate, and understand the risk associated with your transactions. Recognition and prior risk analysis will not only help you discover a property that is worth your investment but also helps you avoid the related risks before the point when they lead your investment to a loss.
Compulsory diligence is inevitable in real estate to avoid any major loss. It is highly advisable to analyze the situation itself, seek expert advice where necessary, refer to facts and figures, understand the legal implications and always rely on credible sources to form a course of action. This practice will minimize the risk and increase the probability of success.
5) Make Relationships
A network consisting of a competent, professional and reliable team is very important to achieve lasting success in real estate. You need to build your network with peer professionals and successful investors. These gurus in your niche will help you accelerate in your domain. One has to be very careful when choosing business partners and customers.
Many people prefer to work alone if you are one of them. Please remember that expanding your professional circle, making connections and building a network is the habit of highly successful real estate investors.
In addition, always keep in touch with the people involved. Do not hesitate to ask for help when needed. Encourage referrals, always be ready to learn new things and keep yourself aware of the changing dynamics of the market. Hire competent resources to manage your finances.
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.
Success in Real Estate Investing: What It Takes
Portraying Personality In Interiors Under 40 Sqm (Includes Floor Plans)
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Each measuring just under 40 square meters, these three apartment interiors in Odessa, Ukraine, inspire three different personality types. Our first tour takes us to a sophisticated home with a bronze framed glass wall design, unique modern furniture ideas and an unquestionably luxurious kitchen project – despite its small proportions. Our second stop is made at a simple, young and sturdy apartment interior, designed for tenants, with another glass wall project that lends light to a multi-purpose living room. Color seekers may like our final prominent interior, where rich color accents add a touch of the unexpected. Floor plans included at the end of each tour.
Minimal amounts of furniture, a hollow decor and a limited material palette allow emphasis to fall on the remaining high-quality elements and sea view. Thanks to the glass wall, the ocean panorama flows unhindered throughout the width of the apartment, creating an immediate factor entering the home.
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- Designer: aesthetic design
- Display: Dmitriy Li & Anna Prokhorova
Our third small home tour in Odessa, Ukraine, takes place in a 35-square-meter apartment. The customers asked for a subtle monochrome decoration scheme but short colored moments made the final cut. Burgundy softening visually warms the small living room, and sets it apart from the nearby dining room.
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Portraying Personality In Interiors Under 40 Sqm (Includes Floor Plans)
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Top Ways To Earn Money Through Real Estate Investment
Today we are going to discuss some of the best tips for investing in real estate that will help you earn nice money against your real estate investment.
Strategies for raising money in real estate
The real estate sector is undoubtedly one of the most lucrative investment sectors of Pakistan. At the same time investing your capital in the real estate sector can be a daunting experience as there is risk and fear associated with the real estate business. The risk of possible fraud in real estate is very high. Investors can lose their hard-earned money if the project turned out to be a scam or illegal. Many people have in their minds the myth that they have to be billionaires to invest in real estate. However, this is not in all conditions. You just need to be smart enough to identify the opportunity for a lucrative deal.
Some of the most commonly used ways to raise money in real estate are:
- Renting your property
- Investing in home renovation
- Holiday rentals
- Renting office space
- Renting a part
- Investing in Commercial Real Estate
Let’s discuss each of them in detail.
Renting your property
Renting income is one of the most popular ways to make money in real estate. Some investors are building houses for rent. Not only does it generate a steady stream of income, but the property itself appreciates its value over time.
If you are looking to buy a property to rent it later, make sure the property you choose to buy is located in a well-connected and popular neighborhood. However, if you are interested in building a home from scratch to rent it out later, you need to consider the trendy features that will help you attract potential tenants.
Investing in home renovation
House investing is another way to make money in real estate. By launch, we mean when a real estate investor buys a damaged or dilapidated property that needs major maintenance or complete renovation. Investors usually renovate it or fix major problems to sell it at a profitable price.
If you choose this option, remember that you have to be very fast in this process. Because, if the property is on the market for a longer duration, it has started to lose its value. We recommend that you do not require more than one year in general repair and resale.
In addition, you need to make sure that the chosen property is located in a popular neighborhood. If you’re investing in old real estate, you can completely change its perspective by typing a little bit, but location matters most. Location is the key to getting a good profit against your property.
Places of vacuum
Providing your furnished house for vacation rentals is one of the best options for raising money through property.
Wondering what holiday rentals mean? it means accommodation, which is an alternative to hotel stay for tourists and visitors.
Many tourists prefer to stay in apartments than a hotel stay to avoid a busy urban life. So that they can spend their free time in peace. You can make this option a steady stream of income.
Coworking office space
Collaborative office space is another much less talked about way to make money in real estate. The trend of investing in commercial real estate with the rental of it grows over time. You can either choose to rent the entire office or rent corporate space to freelancers or contractors who need workspace but are unable to afford the entire office.
Him portion
Renting a share is a very common way to generate income with your property. Investors usually distribute their property in installments and rent them separately, this will multiply their rental income. Not only investors, but many residents also follow this practice, because while they live on the ground floor, they usually rent the first floor to produce a steady income.
Investment in commercial real estate
Investing in commercial real estate is definitely the best choice in real estate. You need to not only focus on investment property but always look for good deals on property development. This allows you to earn through improvement or earn a profit by selling it later at a nice price.
Concluding today’s blog, these are some of the most common and lucrative real estate investment choices we have collected for you. We hope this information will help you make a wise decision to make money against your real estate investment.
Stay tuned to Feeta Blog to learn more about architecture, Lifestyle and Interior Design.
Top Ways To Earn Money Through Real Estate Investment
Property Tax in Pakistan 2020: Latest Updates and Criteria
Less than 1% of Pakistanis pay property tax. This is a bad and risky statistic for a country’s economic well-being.
Most residents in Pakistan do not pay taxes. In return, this weakens our financial and economic situation. There is not enough money for the government to pay for roads, hospitals, education and defense.
In addition, the state needs to rely on foreign sources to raise revenue due to the lack of taxation. This involves loans from other countries and large-scale banks.
Property Tax In Pakistan 2020 – Important Details
You need to have details about the size of the lot and how to know it correctly if you are measuring the tax on your home.
This blog should remove all confusion related to properties in Pakistan 2020.
What is a Property Tax?
In the type of money the owner would pay, the property tax is the amount. The government is collecting the bill. The government is helping taxes. It is used in various fields, e.g. In road construction, increase in the required imports, payment of wages of people, and so on.
The word property applies not only to plots or homes but to all materials you own. Your car, farm, office building and other things on your behalf will be part of concrete help. Pakistan’s current property tax rate is 25% in 2020.
Although it costs to buy some material objects, e.g. To build your houses, raw material costs, labor costs, interiors, floors and others. Many banks in Pakistan lend a home to facilitate the construction of your home.
How You Can Pay Your Taxes
In Pakistan there are three types of property taxes:
- Each province has its own tax department. You must call the local tax department to pay the tax.
- By creating an online asset tax, you can also pay your tax in banks.
- You can change electronically through your online banking systems.
Tax Year of Pakistan
The fiscal year will begin between July 1 and June 30, so the property tax, which began on July 1, 2020, will end on June 30, 2021. Real estate can be contacted for in-depth perspectives. The books offer insights into both industrial and residential.
Property Tax And The Situation In Pakistan
In the third world countries, Pakistan is flourishing and progressing if we are to see it. Now is the time for us to act. The housing tax is not the same for everyone and the more you receive, the more you pay tax. It ensures a balance between the social class of different status. The rate often varies between cities and districts. The taxes are in format and they are charged conveniently by any citizen.
Many citizens do not pay the taxes that do not build such good financial conditions. The administration would not earn adequate funds for financial compensation, health insurance, education, and defense. The government has gone to foreign outlets because of these circumstances. This implies the take-off of high-interest loans from the IMF and other nations.
Important Issues To Consider WRT Property Tax In Pakistan
- There is no distinction between plots and some buildings
- CGT was shortened to 4 years the retention time
- 100% of the capital gains taxed because it is less than one year of the retention period
- 75% of the capital gains tax if the retention period is longer than 1 year but less than 2 years
- If the retention period lasts 2 years but not 3 years, 50% of the capital gains will be taxable
- In which the retention period reaches 3 years, but not 4 years, 25% of capital gains are taxable
- No tax on CGT after four years of tenure
Types Of Property Tax In Pakistan
Capital Gains Tax
You have to give the government a certain amount of money when you buy some land. The Capital Gains Tax is charged at a rate of 2% of the recorded value, in accordance with the Finance Act 2006.
In the current budget, however, the general value-added tax on urban spaces is 2% and the stamp duty rate is 3%. Stamp duty is an amount you pay for the legal records of the property.
Capital Gains Tax
This tax is the inverse of VAT. Capital income tax is a certain amount of money that the seller needs to pay for selling his assets. The tax applies to the income of the seller.
The Pakistan Finance Act 2017 stipulates that capital duty can be imposed only if the property is sold within the first three years of the sale. In addition, annually, tax rates are adjusted.
The tax rate is 10% in the first year, 7.5% in the second year, and the tax limit is 5% in the third year. The seller does not have to pay the capital gains tax in Pakistan after three years.
Withhold Tax
Capital gains tax and capital gains tax are a combination. The buyer and the seller must share a certain price when an item is sold.
In Pakistan 2018-19, a buyer of the house, which is also an income tax, will pay a 2 percent withholding tax, while a non-advertiser will buy a 45 percent tax. The taxpayer must pay a 2 percent withholding tax.
Will you see the gap between taxpayers and non-registrants in the tax bracket? This huge increase in the tax rate is aimed at ensuring that taxes are made. Similarly, buyers of the property must pay a 1% tax for registrants and 25% for non-registrants.
Which properties are tax-saved?
Any active groups are exempt from the imposition of taxes. The following categories are addressed:
- Houses built on land less than 5 Marla, instead of the category “A” place
- Property cannot operate above the annual rent of PKR. 5211 / –
- A single house with an annual rent of no more than PKR. 6480 / – if the owner’s house is occupied
- The annual deduction of the tax debts of buildings occupied by widows, small orphans and / or the disabled is PKR 12150 / -.
- Housing up to one Canal owned and rented by a former government worker is removed from the ownership of a dwelling house
- Government buildings, such as businesses, districts or cities. buildings maintained by a government or magistrate
- Mosques and other monasteries.
- Urban parks and children’s fields, schools, boards, homes, inns, bookstores and hospitals, buildings and real estate.
- Places rented only to public charities, religious or prescribed.
Summarizing it
Regardless of what property you own, one must stand as a responsible person. The conscientious citizen keeps his tax data accurate. The company economy is set up by this action. When we look at the land, people in various private businesses like to buy land and houses.
The values of the property are growing steadily as it is the perfect opportunity to buy. Today’s investment is tomorrow’s investment. Contact Globe Estate & Builders for more information on property news.
Property Tax in Pakistan 2020: Latest Updates and Criteria
Are people preferring High rise constructions over plots?
Over time, the construction of mixed-use and residential buildings has increased dramatically in the metropolises. These skyscrapers and residential towers not only enhance the beauty of outdoor buildings throughout the city but also offer all the modern amenities and facilities.
If we delve deeper to find the cause of this change in real estate trends, we will find that there are many reasons behind this sharp demand for high developments in Pakistan. The first and most important reason is the rapid growth of the population in urban areas. The massive influx of people migrating from rural areas to urban centers has forced developers and investors to focus on construction. The lack of land and high prices are some of the key factors behind the real estate investment shift from plots to high and medium towers. The government has also taken strict steps to prevent the horizontal expansion of major cities to prevent any urban sprawl, which is yet another factor that has contributed to this trend.
Demand for Housing and Houses
If we look at the statistics of just the past two years, we can say that the demand for houses and apartments in Pakistan has grown en masse.
The rough analysis of the user records reflects the demand for plots in the Federal Capital Islamabad fell from 26% in 2018 to 21% in 2020. Over the same period, the demand for apartments is growing from 15% to 17%.
A similar pattern has been observed in other regions of the country as well. For example, if we look at Punjab’s statistics, the demand for plots has fallen to 20% in 2020 from 22% in 2018. However, the demand for apartments rose from 15% in 2018 to 17% in 2020.
Real estate in Sindh has also shown a more or less similar trend. Where the demand for plots decreases from 15% to 12% and demand for housing has increased from 23% to 25% over the course of two years.
Real estate trends in KPK have also shown a decrease in the demand for plots from 22% to 20% and an increase in the popularity of housing from 17% to 19%.
The Recent Trends of the Real Estate Market
The growing trend of high development in the country has attracted the attention of real estate investors as well as developers. At present, about 85% of newly launched projects consist of high-quality housing complexes, while the remaining 15% of the newly launched mixed-use and residential projects in major cities have plots for sale.
Considering the demand for apartments and houses, some of the most prestigious builders and apartments have started launching villas, town halls, marquees and apartments. Easy delivery plans have been introduced to attract more buyers.
Loans, Mortgages and Construction Financing
The government is also working to facilitate home loans for investors. Commercial banks have also been instructed to use 5% of their total lending to finance housing while the State Bank of Pakistan has also introduced steps to encourage construction financing to developers.
The government is trying to develop a mortgage financial structure in Pakistan. It has reduced the tax on bank income generated by cheap housing finance from 39% to 20%. This will serve as an incentive for banks to provide mortgage and home loans to middle and low-income earners.
Pakistan Naya Housing Program (NPHP) has also launched a plan for home loan purchases at lower markup.
Please note that we never recommend our readers to choose any funding option that implies an interest in any form.
How This Change In Real Estate Trend Affects The General Sector
The growing demand for high and medium construction is directly proportional to the construction activities in the real estate sector. This will result in generating more job opportunities and more economic growth for the country. This will also grow the trade of hundreds of industries associated with the construction sector.
Additionally, the development of high and medium buildings is a realistic solution to deal with urbanization with a smaller plot of land. Horizontal expansions of cities not only cause urban sprawl but also cause the disappearance of agricultural land, threatening natural resources and environmental peace. From that perspective, we can say that vertical expansion reduces these problems by a significant margin.
Another effect of the real estate investment trend of plots to high towers is that this practice allows investors to raise capital gains and enjoy rental income as opposed to plots.
However, Urbanization is still the biggest factor that has caused the vertical expansion of cities. The need to accommodate the massive influx of people in major metropolises has led the government and builders to choose tall buildings to serve the purpose.
Considering the aspects we discussed above, we can conclude that this shift from real estate trends from plots to medium and tall buildings will not only benefit the construction companies across the country but will also provide an affordable living option for people who want to settle in. urban cities. areas.
Are people preferring High rise constructions over plots?
- Published in #architecture, #interior design, affordable housing, Architecture, Construction, General, Opinion
51 Relaxing Poolside Sitting Areas To Daydream About
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Sunshine and cocktails, good friends and great times, relaxed seating at the pool are places where letting responsibilities go away and working out are just wonderful memories. This attractive collection of 51 swimming pools at swimming pools will make you dream of luxurious outdoor living spaces, the cool splash of serene swimming pools and sunset gatherings in cozy outdoor conversation caves. We will also gather inspiration to welcome outdoor dining areas, modern fireplaces, elegant chairs and outdoor sofas, built-in benches, outdoor lighting, waterfalls and fountains, large sun terrace arrangements and decorative ideas. All this in the beautiful company of magnificent modern architecture, beautiful plant arrangements, courtyards and vertical gardens.
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51 Relaxing Poolside Sitting Areas To Daydream About
- Published in Designs by Style, General, interior, Interior Decoration Ideas, Interior Design, interiors, International, pool, swimming pool
Rental Laws in Sindh: Comprehensive Guide for Landlords and Tenants
So, if you are renting or planning to rent your property sign a rental agreement in Karachi, Hyderabad or any other part of Sindh, today we will discuss everything you need to know about the rights and duties of both. parties in accordance with provincial laws.
Rentals in Sindh
In Sindh, tenancy laws are under the umbrella of Sindh Leased Places Ordinance 1979. This ordinance defined the regulations on rental agreements to protect both the interests of tenants and landlords in almost all situations to avoid disputes and conflicts.
So let’s find out what our law covers about the official documentation and issues related to rental contracts in Sindh.
Rental agreement between country and tenant
The rental agreement between landlord and tenant must be made in writing. The agreement must be signed by both parties and it must be attested by an official seal of the relevant authority associated with the jurisdiction where the property is located. You can also get this document certified by a First Class Judge or by any Civil Judge. These are the necessary conditions for the validity of a lease.
By law, the lease agreement must be renewed annually, otherwise, it would be considered invalid in court. The landlord is entitled to review the terms of the lease (within legal limits) and monthly rent after the renewal of the contract.
About the conditions related to Rent
The landlord must charge the rental amount, which has been mutually decided by both parties and clearly mentioned in the agreement. Although there is no specific date as the deadline for rental fees, however, according to general practice, tenants must be paid no later than the 10th of each month in Sindh.
The rental laws in Sindh ensure that the rental prices would be fair for tenants as well as for landlords. The laws protect the rights of both parties. According to the laws in Sindh, the rent of real estate cannot be increased by more than 10% annually. In addition, if the fair rent has been determined, it cannot be increased for a period of three years.
Here are some of the main points on the basis of which a fair lease of any particular property is determined.
- The rough analysis of the monthly rents for similar real estate located in the same or adjacent neighborhood.
- The increase in construction costs, repairs and maintenance costs.
- If there is any new tax after the start of the lease.
- An increase in the value of the leased property on the basis of the government-imposed property taxes.
The owner cannot interrupt amenities and services
The law does not allow the landlord to discontinue any of the services and amenities including but not limited to service connections such as electricity, gas, or water unless this is announced in advance and decided with the tenant. However, the interim service providers may terminate such facilities on the basis of their organizational policy. Other relevant authorities may also terminate these amenities and facilities under any specific circumstance.
Maintenance is important
Repair and maintenance of the leased property is the responsibility of the landlord. However, if the owner is unable to do so for any reason, the tenant is entitled to perform the required maintenance.
In such a case, the landlord must pay the maintenance costs. The tenant may deduct it from rental costs if mutually agreed. However, the tenant pays documented proof of expenses incurred for the repayment.
Expulsion Laws in Sindh
Upon successful completion of the lease agreement, the landlord has the right to evict the tenant on the basis of legal eviction conditions. Eviction terms are almost identical across Pakistan. However, Sindh Rented Locises Ordinance 1979 has a number of additional clauses and requirements that must be met to avoid legal complications. The central idea of the additional clauses is listed below:
- The ownership of the leased property was transferred or sold to another person.
- If the tenant causes significant damage to the property, that could impact its property.
- If a major renovation became necessary for the area or reconstruction was forced by the modifications in the building regulations. However, once the reconstruction is complete, the tenant can re-apply for the assets.
- If the owner and their legal heirs want to use the site for their personal use, they are free to vacate the property after consulting the legal authorities.
- If the owner of the rented premises is a widow or orphaned minor or elderly person who is over 60 years of age. And this fact was evident when the property was rented, and the said clause for eviction became invalid.
- Always remember that whatever the cause of eviction, whenever a landlord wants to evict tenants, they must write a request to the relevant authorities in accordance with the law.
Rental Laws in Sindh: Comprehensive Guide for Landlords and Tenants
How to Find the Return on Investment (ROI) in Real Estate?
ROI, the Return on Investment is one of the main metrics that play an important role in real estate. It helps to measure the performance of real estate. The greater ROI means that the project will attract many investors.
What is ROI?The measurement of the return on investment by a particular investment in a given period is known as the Return on Investment (ROI). It is calculated and represented as a percentage of the total investment cost.
If you are a real estate investor or looking forward to doing real estate in the future, you need to be eager to find out your capital gains. Today we will guide you on how you can calculate the ROI against your real estate investment.
WHAT IS THE EASY WAY TO CALCULATE ROI?
Before we begin our guide to Return on Real Estate Investment, let’s just focus again on the term.
THE INVESTMENT REVENUE (ROI)
Return on Investment (ROI) is a widely used accounting terminology in different business and investment fields. It summarizes the amount of profit that may result from an investment over a certain period of time. The ROI is always indicated as the percentage of investment money recovered after the deduction of all related costs.
You can simply calculate the ROI using the formula mentioned below.
ROI = (Investment Gains – Initial Investment Costs) / Total Cost
First you need to subtract the initial amount of your investment from the final value of the investment, which is represented as “Investment Earnings” in the formula. Then you need to divide the result by ‘Total Investment Cost’, which is your initial investment with the addition of the expense you incurred.
Although the above mentioned formula is quite simple, but you need to carefully consider some cost factors when calculating the ROI of your property. These cost factors may include repair and maintenance costs as well as the amount of money (including interest in the case of a loan) that you may have borrowed for an investment. All of these costs will have a significant impact on ROI in real estate.
How do I know if my ROI is good?
In real estate, investors and stakeholders consider a good ROI if it exceeds 8%. However, we recommend that our readers always aim high. Your goal should be more than 10 or 12 percent, with all thoughts of spending and spending.
This is the reason why ROI is one of the main factors that tend to make or break real estate. Investors determine the outcome of investment opportunities based on these ROI values.
IMPORTANT FACTORS FOR OWN VALUE
Here are some important factors to consider when aiming for a good retrospective while doing real estate.
Location: Location is the first and most important factor to consider in any specific real estate project. The location of the project should be well connected to the main road network of the metropolitan area. Investment opportunities close to the city center are always recommended to get high capital returns.
Condition: Condition is another factor that can impact your cost. As if you are buying real estate in real estate, your repair and maintenance costs will increase. Therefore, if your budget allows, always buy real estate in good or at least reasonable condition.
Market Value: There are many factors that govern the market value of a property. These factors may include occupancy rate, fluctuation in demand and supply charts, and legal position of the project. All of these factors can directly affect the property value of a particular area. Therefore, always do your proper research before doing real estate. You can always check out our updated price list and latest blogs to keep you aware of the most prominent regions of the city.
This way you can calculate the Return on Investment (ROI) in real estate for your investment. It will help you measure the return of any real estate investment opportunity. We hope you find today’s guide useful for your future investments.
How to Find the Return on Investment (ROI) in Real Estate?
- Published in General, International, Investment, investment property, Investment Tips, Investments
Key Points For Buying a Property On Installment Basis
PRACTICAL TIPS FOR BUYING GOOD IN FACILITIES
Here are some of the important points to consider if you are looking to buy a property according to the transfer plan.
– Detailed Research
– Evaluate the Place
– Double check Laws
– Stay Informed
– Obey the Rules
Detailed Research
One of the initial steps before investing in real estate is detailed research. You need to carefully monitor the local property and the average price trends for the type of property you are buying. This is one of the basic tips for buying a property through a transfer plan.
You need to have an idea of the current real estate prices of the local market, it helps you avoid overspending while you are getting a free deal. You can always check out faizanbarai.com to check out the popular newly launched and upcoming projects in the real estate market of Karachi.
Almost all newly launched real estate projects offer convenient floor plans. It gives you the opportunity to compare different projects according to your budget and preference. You need to check the facilities and amenities and other factors that add value to your investment and consider each option accordingly. All of these steps are essential before finalizing your decision.
If we emphasize facilities necessary for contemporary living, the housing project in which you intend to invest must offer 24/7 service supplies, security and well connected with the city. If you are interested in investing in an apartment, you need to make sure that the project offers elevators with a power reserve, especially if your chosen apartment is located on the upper floors.
The latest projects also offer amenities such as indoor recreational activities, a dedicated space to spend free time, and selected parking spaces.
Evaluate the Location
Choosing a location for your investment is the most crucial step of the whole process. There’s a good chance that your chosen location may not meet all of your preferences, but you still can’t compromise on location. Therefore, always buy property according to the delivery plan, which is located in good surroundings and well connected with all the main roads of the city.
We recommend that you never invest in real estate if the location is not right for you. No matter how timely and reasonable the payment plan is, the wrong place will not only negatively affect your living, but will also affect your property value.
Double check Laws
We have seen many large-scale repressions against intrusions and illegal housing across the country in the recent past. That’s why it’s so important to make sure the property you’re investing in for free has no legal issues. Always double-check the background and legal status of the project before investing.
If you intend to invest in Karachi, you can always check our website to be informed about legal and illegal housing projects in the city.
Find Out About Latest Developments
Keeping you up to date on the latest events related to your project is necessary to make an investment for free. You need to pay attention to developments like voting, handling, possession, and so on. Builders also offer different privileges like discount offers and special waivers to investors. Therefore, to take advantage of such opportunities, you need to be enthusiastic.
Obey The Rules
To make things easier for your delivery, you must follow rules and regulations. You need continuous interaction with the builders and frequent visits to their offices to document all transactions. Always keep every small transaction about documents. You should receive every receipt payment as a secure side to avoid any inconvenience in the future.
If we talk about the payment structures, the down payment is usually about 10 to 15 percent of the total assets you have to pay initially. Then you are entitled to either pay monthly, quarterly or biennially. It all depends on your payment plan. You need to make sure that you follow rules and guidelines and that there are no payment deadlines. It helps you to achieve timely ownership and maintain a good reputation as a real estate investor.
So here are some of the key aspects we’ve collected today. We hope these points help you plan your investment in real estate. If you have any questions or confusion about purchasing a property through a delivery plan, please contact us or write in a comment section.
For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.
Key Points For Buying a Property On Installment Basis
Answers to Commonly Asked Real Estate Questions
Unlike Pakistan, many people in foreign countries sell and buy property through lawyers. Hiring a lawyer yourself is a very mobile process, but ultimately it reduces the risk of fraud and helps avoid legal complications. We in Pakistan rarely go to lawyers for property. We either do it ourselves or do it with inauthentic real estate. This practice leads to fraud and illegal deals many times over.
The real estate gurus always recommend involving a practical lawyer to take care of the legalities involved in real estate or at least an authentic real estate agent to completely guide you through the process. This will not only help you avoid potential fraud but will also help you secure your investment.
The number of complications in real estate is very high. That’s why we always recommend our readers to have a basic knowledge of real estate-related things and terminology.
Today we will discuss some of the most frequently asked questions about the real estate market.
1) What is Shajra?
A detailed map of an area with land divided into pieces and each block is labeled with a specific number is called Shajra. Shajra includes all the details of each khasra, such as its size and location.
2) What is Khasra?
Khasra is that particular piece of land of Shajra that has been labeled with a specific number.
3) What does fard e milkiyat mean?
Fard e milkiyat is a registry of rights/registry haqdaran-e-Zameen. It is supported by the government authorities to determine the legal owner of the land and to keep a register of real estate rights.
4) What does Tattima Registry mean?
Register Tattima means additional sales test of hasasra. Means an additional sales test of a particular piece of land.
5) What is Baye-Nama?
The Baye-Nama or Register sales test is the document that creates a title in real estate.
6) What are some laws on the real estate sector of Pakistan?
Some of the laws in the constitution of Pakistan that deal with real estate are the following:
1) Transfer of Property Act, 1882.
2) Land Revenue Act, 1967.
3) Stamp Act, 1899
4) Registration Act, 1908.
In addition, always consult an attorney for real estate law counseling.
7) Can we use the farmhouse as an office space?
It is illegal to use a farmhouse for commercial purposes. However, there is an exception for some companies such as IT services, which can be operated from residential areas.
8) Do we inherit the law in Pakistan?
Yes, Pakistan has several inheritance laws that apply depending on religious affiliations. For example, Islamic personal laws are for Muslims and people belonging to other religions have a hereditary law according to their religious leaders.
9) Can I buy a property in Pakistan as a foreign Pakistani without a visit?
Yes, a foreign Pakistani can easily buy property in the country without visiting Pakistan.
10) Do I have to record the transfer of real estate every time?
Yes, every transfer of real estate must be registered and delivered. It can be done only with a registered sales document.
11) What are the necessary documents to legally own a property?
The only document you need is a document to control the delivery of property in your favor. This may include other documents such as a deed of sale, a letter of receipt and a certificate of sale.
12) What does proxy mean?
A prosecutor is a powerful form, assigned to an agent of the principal to perform an act and deed for and on behalf of the principal. A prosecutor may also receive from person A to person B to appear before the court, tribunal, and authority to complete any real property or transaction. When it is allowed to authorize certain transactions, it is called an attorney general and it must be registered.
13) Can a person with a prosecutor’s hand over property on their behalf?
No, the person who is appointed prosecutor on your behalf has a fiduciary duty to act in your interest and do what you would do yourself, if possible.
14) Can I revoke my power of attorney?
Yes, you can revoke your proxy at any time.
15) Is my prosecutor for life?
A prosecutor can be for life and in that case it will end after death.
16) In which case is a prosecutor suspended?
As mentioned in the previous question, it can be canceled at the death of executioners and it can be canceled by the executioners in his life.
17) Can a mortgaged property be sold?
No, real estate mortgaged property cannot be sold.
18) What is stamp duty?
Stamp duty is essentially a government tax on the transfer of property.
19) Who has to pay stamp duty?
The buyer must pay the stamp duty. However, in some cases, sellers also undertake to pay for it themselves.
20) Which authority holds the country record in Pakistan?
The Department of Revenue of the District Administration is responsible for maintaining land records. They also decide the boundaries of property and possession.
21) How can I sell a property as a co-owner?
You may sell the property as a shareholder, but you may sell only the scope of your share.
22) How can we differentiate a will from a gift?
A will is only after the death of the creator, while a gift can be made for a lifetime. An owner is entitled to give all his property to the lawful heir during his lifetime, but he cannot do the same by will. However, a homeowner may give a will to give a third of his property to someone who is not the legal heir. And if this favor is done for a lawful heir, it requires the consent of all other lawful heirs.
23) What are the essentials of a gift?
There are basically three essentials of a gift:
1) Offer from the donor
2) Acceptance of the person to whom the gift is received
3) Transfer of possession
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
Answers to Commonly Asked Real Estate Questions
4 Advantages Of Installing Tankless Water Heaters In Your Next Flip Home
A house reversal is a process in which someone buys an old house that needs extreme renovation and renovation, and then resells it for a higher price. When it comes to home throwing, you need to make sure that you come up with a good quality home so that you can attract more people to look at and eventually buy your property.
One of the best things to add to your next flip home is a tank water heater. A water heater has become necessary for those who simply cannot find comfort in showering with cold water. A water heater is also ideal for operating your dishwasher. With that, you need someone reliable who can install tankless water heaters in your homes, such as CE Pipe and Heating.
Moreover, listed below are the advantages of why you should install without tank water heaters in your next home.
1. Saves Space
When you go home, you may save as much space as possible so that you can use the extra areas for additional features. These could be added storage space, a sink or even a work table.
When targeting a traditional water heater, you may have trouble using the area because you need to consider the tank space. With a tankless water heater, however, you can save a lot of space, as you will only need to install a device on your wall. With the saving space of an invariable water heater, you can fully utilize the extra space into something more useful that could add value to your thrown home.
2. Saves Energy
Without a tank water heater was very popular because of its energy efficiency feature. It only heats water on demand, instead of storing a large amount of water inside a tank and heating it throughout the day.
Because without a tank water heater is cost-effective, potential buyers would be more interested in your home because they know they will save a lot of money on energy costs. Without a tank water heater uses energy only when you turn on the faucet or the shower cap, so it doesn’t continue to work even at night.
Every home buyer would like to save money, especially when it comes to reducing their monthly service bills, as they are the main culprit as to why monthly expenses cost more. With a tankless water heater, they can dramatically reduce their electricity bills from 8% to 50%, depending on usage.
3. Promotes Excellent Farm
If you go home and you were unable to sell it immediately than anticipated, you may want to purchase items and features that are sure to increase the value of the property. With high-quality items, you can be sure that your property would still be in the best shape even after so many years.
Without a tank water heater, it can last up to 20 years, twice as long as the conventional water heater models. Along with that, a tank water heater also gives a long warranty, so you can guarantee that you will have a reliable water heater in your home that you can quickly repair after it has developed damage due to wear and tear.
That’s why you need to buy your tank water heater from a company that has been engaged for years so that you can guarantee that they will serve you well when you need to ask for your warranty claim only if your water heater is not working properly.
4. Promotes Comfort And Comfort
Everyone wants to buy a home where everything is convenient and comfortable to use. While a water heater can help provide an adequate amount of heat while you shower or take a hot and relaxing bath, it will be best if you can get hot water on demand, so you don’t have to wait too long if someone has already used heated water in front of you.
Conclusion
A tankless water heater provides many great benefits for every homeowner, especially for those people who want easy and economical features. If you are a house pinball machine, it will be ideal if you get what most people want so that you can increase your chances of selling your house quickly.
Without a tank water heater can be one of the home investments that will pay you back, even for the new homeowner.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architrcture, Lifestyle and Interior Design.
4 Advantages Of Installing Tankless Water Heaters In Your Next Flip Home
An Insight Into Karachi’s Worst Transport System
Karachi, the third largest metropolitan city in the world, has been reopened Bloomberg published an article earlier last week on the deterioration of the city’s public transport structure.
Today we will analyze the damaged public transport in Karachi and the reluctance of the stakeholders to solve this problem, reflecting the terrestrial realities and the study of the company Mister Auto on cars in the city.
Starting with Muhammad Ali Jinnah Road, the road is of major importance as it connects the central part of the city to its main port. With thousands of daily commuters, the MA Jinnah road usually sees massive traffic jams.
The road is also occupied by an inaugurated upper bridge built for the federal government project, Greenline BRT. The project was completed in 2018 but lack of coordination, budgetary constraints and the reluctance of the ruling elite delayed the project for an unspecified duration.
According to research conducted by auto company Mister Auto in 2019, the city has been ranked as the worst public transportation system in the world. The study considered about 100 major cities. About 42% of the city’s travelers use public transportation as their daily vehicle. However, overcrowded and decades-old buses, the usual violation of traffic rules, unpaved roads and unprofessional drivers are the real and daily threat to the safety of citizens. The country’s first capital and major tax-paying city is home to the country’s major ports and regional offices of several multinational corporate giants.
Unfortunately, despite paying a large tax, the city comes from the essential facilities for living. The funds generated by the city are used in other regions. According to Waseem Akhtar, who recently served as mayor of the city, only 12% of the city administration is under his control. The number of cantonal councils, various federal government institutions and other unnecessary authorities divided the authority of the city into various stakeholders instead of the mayor.
The most recent exposure to poor urban planning in the city was observed during the monsoon rain in August this year. The city suffered from severe urban flooding after record rainfall and many areas were flooded for more than a week. With 64 victims and thousands rescued, the flood left many citizens trapped without electricity, cell phone service, and cash as most ATM links fell.
After the monsoon destruction in the city, Prime Minister Imran Khan decided to visit the city with an announcement of a development package worth 1.1 trillion rupees. The package was announced in collaboration with the provincial government including the circular railway system and bus project. The amount announced by the government is actually more than the $ 6 billion bailouts that Pakistan has agreed to from the International Monetary Fund (IMF) to prevent bankruptcy.
The practicality of accessing those funds is a completely different argument. The Sindh government’s transport department has already acknowledged that they cannot afford to carry out large projects on their own. Although Prime Minister Imran Khan has announced 162 billion rupees for mega projects in the city, the city has not received any money earlier this year according to officials. According to the federal government, it spent about Rs 24.65 billion by June. However, an allocation of another 17.9 billion has been made for the current fiscal year.
The federal and provincial governments have announced several transportation projects over the years to address the city’s deteriorating transportation issue, but those projects have been limited to announcements only. Most projects have never started, although few have not been able to sustain them for more than a few years. On the other hand, Lahore started train service earlier this month as they already have similar types of bus projects running at least for the last seven years.
Karachi, Pakistan’s most populous city was once well connected by trams and a circular railway, but corruption, mismanagement and transport mafia in the disguise of local bus unions gradually destroyed the city’s transport sector in the late 1990s. Major railway tracks of the circular railway system have become illegal slums with people moving from villages or smaller towns to Karachi to improve their income and lifestyle. The stations that once operated have now become a center for drug addicts and traffickers for their illegal activities. The previous federal government announced to restoration of the circular railway project in 2017. The constant pressure from the courts has forced the officials to try to restore the historic transportation mode of the city. The Karachi Circle Railway (KCR) is due to resume operations this week on 16 November.
Karachi’s most controversial project, Greenline BRT, was announced in June 2014. The project has miserably not met the deadlines and has repeatedly exceeded the predicted deadline. According to the latest update, the federal planning minister said that the project will be completed by the middle of next year.
For every problem of the citizens, there is a mafia that benefits from these things. They earn millions and billions every year by spending on the problems of a common citizen. Because of these mafias and their spokespersons in the government institutions, delays in the projects have become the fate of a city for a long time. KCR progressed after a discussion of at least 15 years, Water supply project lasted 18 years. The luxury area of the city is still deprived of aqueducts and residents depend on water cisterns aka ‘oil tanker mafia’.
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An Insight Into Karachi’s Worst Transport System
- Published in Area Guides, General, Kitchens We Love, News