Renting out Safari Villas, Bahria Town Lahore
Following email and my reply is related to renting out Safari Villas, Bahria Town Lahore.
Hello Mr kaisrani AA
Hope you are in best, i always reading your advices throw internet every time, I appreciate in your honest guidance to the people.
I purchased 8M serina villa in safari villas in Nov 2008, i did not found it in same specifications of house and society in 41 lac according my full budget . Alhamdulliah,
Actually i am living in ..... and i am looking to give my villa for rent from the first of Feb. 2010. Please let me know what rent i expected and if you can help to find me a good and small family and they do keep new as i purchased.
Next thing i saw some of terminate in ground flour entry door and wondering by it was terminated?
Thanks and best regard
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My reply:
Salaam and may thanks for remembering me.
Its nice to know that you are a member of Safari Villas Lahore.
Safari Villas Lahore is a under priced project. Nowadays it is hard to construct a home of same specification in Bahria Town less than Safari Villa price.
There is no problem to rent out a villa in Safari Villa project. The monthly rent is going on 18,000 to 19,000 per month (depending upon the
location of villa). Three month's security plus three months advance rent is given to the owner on finalization of contract. You pay half month's rent to the dealer for finding a reasonable family for your renter. Generally civilized people come to reside in Bahria Town who do not destroy the house but when it is used it is certainly disturbed a bit. One can keep these points in the contract that the rentee will give the home in same situation on which he is getting it. Reasonable wear and tear is always expected.
When you will be renting out your villa you need to provide following things properly installed or fixed:
1. Lights in each holder (Which Bahria Town provides on possession)
2. Fans where required (8 in total general) = Estimated price = Rs.15,000/=
3. Geyser = Estimated price and installation and pipes etc = Rs.16,000/=
4. White wash if it is not properly managed = Estimated price = Rs.10,000/=
5. Water points on back boundary of villa as well as on laundry area on first floor = Estimated price = Rs.2,000/=
6. Curtain railings = Estimated price = Rs.8,000/=
7. Net door on main door and kitchen door if not installed by Bahria = Estimated price = Rs.12,000/=
8. Net on all windows (if it is not installed by Bahria) Estimated price = Rs.18,000/=
Number 7 and 8 are optional but good to do so before renting a villa for the betterment of home and renter.
If these all items are installed properly then a renter will have nothing to do to Villa. He can only disturb white wash or colour which is understandable.
A family should be small and reasonable to deal with. You need to start searching a renter from second week of January.
Termite treatment has been done in Safari Villas but if a new home (which is of course wet) remains closed then these problem may occur any time.
Please feel free to
contact me if I am able to do any thing for you. Please use my email address for a prompt reply.
Thanks.
With best regards,
Hussain Kaisrani