Many of us prefer building a new house or buying a new house instead of buying an old house. The benefits that come with newly built houses are easy to understand but there are also some disadvantages but most of us ignore this fact. Likewise, buying an old or used house has its pros. Let’s have a look at the details.
Advantages & disadvantages of buying a used house in Pakistan
It is a fact that old houses in Pakistan have a certain charm & unmatchable character. But keep in mind that every coin has two sides. Therefore, you should be aware of both sides; means the advantages & disadvantages of an old house before investing in that property. For your convenience, we have listed down some pros & cons of buying an old property or house in Pakistan.
- Buying Price
- Outdated
- Location
- Additional Cost
- Size
- Supply
- Character
Buying Price
There are many pros to buying an old house in Pakistan but the most highlighted one is the buying price. Used houses have a lower price as compared to new ones. The price depends on two factors: its condition & the location of the house.
For example, buying a 120 square yards house in Gulshan e Iqbal, Karachi cost you around PKR 1.5 crore. While buying the same sized house in Bahria Town, Karachi requires around PKR 1.35 crore. The reason is that Gulshan e Iqbal is an old area with already built houses while Bahria town is a newly developing community & also has a greater number of unused houses & properties. Similar price differences can be seen between Islamabad’s old areas & new areas. For a better understanding of prices, you can also compare Bahria Orchard * Allama e Iqbal town in Lahore.
Outdated
A major con of buying an old house in Pakistan is that they are constructed with old standards of living & are not well equipped with the latest technologies or smart devices. They also have an old-fashioned plumbing system or electricity & maintain that is not easy. It is also hard to find a person if you want to repair or fix the old electricity or plumbing system.
If you want to buy an old house, make sure that electricity & plumbing systems are functional & safe to use. You can also hire a professional for checking the functionality of electricity & plumbing systems. Hiring professionals can help you in two ways. Firstly, it will save you a lot of time & money on renovations. Secondly, you will get connected to a trusted & professional individual if you want to repair your electricity & plumbing systems in the future.
Location
All the old houses in Pakistan have a common & most important trait i.e, all old houses are built in the center of the city & you can find anything you need in your neighborhood. Living in an old house or neighborhood means commercial markets, local shops, hospitals, schools & other amenities available within the walking distance.
Additional Cost
Another con of buying an old house is cost. We all know that used & old houses have old fashioned & outdated designs. It means if you buy a used house, you have to bear the additional costs like maintenance.
And you can also increase the value of an old house by simply fixing the issues, renovations & upgrade the layout by adding amenities. All these factors can help in improving the overall condition & look of the house. Whether you live in a house or bought an old house as an investment, these factors will help you in raising the value of the property.
Size
If you are looking for an old house to buy in Pakistan, the chances of finding a property that stands on a large-sized plot are higher. Also, an old & used house has more spacious rooms & a better ventilation system.
Supply
Every Pakistani dream is to live in a house of their own. They work hard all their life to buy a house of their dream & this dream is only achievable with the old or used houses. There are large numbers of used houses available in the market for sale. You will always have a swarm of options to choose if you want to buy an old or used house.
Character
It does not matter how great a modern or new house looks, the old homes in Pakistan have their unique characteristics. These characteristics are priceless & you will not find these in modern houses. The characteristics include solid floors & doors, better ventilation system, bigger windows & many more.
These are the most common pros & cons of buying an old house in Pakistan. Please keep in mind the important factors before buying an old property in Pakistan.
How Can Izloo Classified Help?
As you all know Izloo Classified provides you the opportunity to post free ads on this site. Izloo classified provides free ads for selling property or houses as well. If you are looking from where to buy a used or new house or want to promote your property business online, you can promote your business by posting an ad here. It is up to you what kind of ad you want to put for your product. We also provide reviews of different products. You can also know about the product quality from those reviews.
Izloo Classified also helps you to find the customer/buyer for your products. Izloo also allows you to deal with the buyer or seller of your products face to face. From Izloo Classified paid membership you can also boost up your classified ad and set your ad as featured. This feature will help you to show your ads to maximum people and it will be easy for you to find the right customer/buyer for the products. It is the best platform to promote your business.
If you are looking to buy products online, you also can find reviews of different products here including vehicles, furniture, accessories, property, jobs, mobile phones, electronics & all kinds of services. You can also post an ad here for your product & service. We help you to make the right decision.
Here is the link from where you can post free ads on our website:
https://www.izloo.com.pk/classifieds/home-and-garden.html
The process of posting an ad is very simple. You simply need to create an account on Izloo & after approval, you can start posting ads. Well, for starters ad posting is limited but if you want to post more ads, you need to upgrade your account. For more details visit:
How to Post an ad on Izloo – Step by Step Guide
Above we mentioned some easy pros & cons of buying an old house in Pakistan. If you already faced these issues, please feel free to share your reviews, opinion, or experience with us via the comments section below. If you have queries related to the article or website feel free to ask us in the comments section below. Your feedback means a lot to use & it will also help us in improving our blog. For more updates stay tuned to the Izloo.com.pk/blog & do not forget to subscribe to our email newsletter to receive all the latest updates from our blog section of the website daily. Good luck
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