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Lahore Real Estate Forum: Property News & Community Talk : ,

(93957)
Wednesday, December 2, 2015 06:31 AM 

Dear All,

I wanted to buy and give on rent a house. In order to provide a second source of income for my family. My maximum Budget is 1 crore and 20 lacs.

Now the options are:

1.one 5-marla house in DHA Phase 6, or
2. two 5- marla houses in Bahria

Which option is better (and I do not want to venture outside of DHA and Bahria to another society).

Regards,
Aamir

Farooq replied on Wednesday, December 2, 2015 07:17 AM 

One in DHA-6 is better than two in Bahria

Hussain Kaisrani replied on Wednesday, December 2, 2015 07:24 AM 

Dear Aamir,
The management of rental property is a serious issue (even in Bahria Town or DHA) so it is better to have one unit instead of 2. Further more, one should give preference to the area where it is relatively easy for you / your family to visit.

Nadim replied on Wednesday, December 2, 2015 09:41 AM 

Dear Amir sb,
Getting a flat in Askari 1 , serfaraz rafiqi road and rent out.
Totally secured and rent would be around 35/40 K.
Newly constructed and available in this proice...

Hussain Kaisrani replied on Wednesday, December 2, 2015 12:47 PM 

@ Nadim,
Please shed some light on recommended flats - size, rate, accomodation etc.
Thanks.

Sleepless replied on Thursday, December 3, 2015 04:22 AM 

I had approx the same budget. I bought a shop measuring 560 sq feet. reasons:

- More rental income
- Higher appreciation
- Less maintenance cost

Muhammad Ayyaz replied on Thursday, December 3, 2015 05:02 AM 

Dear Hussain Kaisrani Sahib,

In Askari 1 Sarfraz Rafiqi Road flats have 4 different models

1985, 1992, 1994 (each model have 3 Floor ) + Seprate Car garage.

2011/2012 (4 Floor)

These flats have almost 10 Marla (2250 Square Feet) covered area.
3 Bed with attach bath, drawing room, TV/Dining room, store, Kitchen, Servant quarter, Back and Front Balkoni (not in 1985 model)

Sorry i don't have the latest rates information.

Akeel replied on Thursday, December 3, 2015 06:54 AM 

@Sleepless Dear in which area you bought this shop and what is the rent?

Hussain Kaisrani replied on Thursday, December 3, 2015 10:02 AM 

Thanks Muhammad Ayyaz Sahib for sharing the information.
Best regards.
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