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Faisalabad formerly known as Lyallpur, is a major industrial centre in the heart of Pakistan. In Faisalabad real estate market has shown a remarkable growth in residential and commercial sector in the last few years. Some of the famous residential societies are Eden Gardens, Wapda City and Madina Town.
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If you are looking at renting a shared space in a real estate market or a floor in a house or a shop in a shared property building or an apartment, please consider the following points as you might find yourself in the corner when challenged by one of these issues.
Security: This is the most important issue faced by many people in shared spaces, if your neighbour and co tenants do not share your concern you will find it difficult to live peacefully and will have the constant fear of losing your belonging and break-ins.
Access to property: If you are going to rent a portion of a house, especially the first or second floor, it is essential to have your own independent access, this will save you from many issues down the track.
Visitors and Parking: This is another point to consider when renting a shared property to look at how easy it is for a visitor to pay you a visit, is there any parking on the street and how easily accessible the property is.
Commercial real estate property investment is primarily targeted for businesses who are looking for real estate space for their office or a location for their retail outlet or a factory location. All of these investment option have risks and rewards.
There is an advantage in investing in the commercial property sector over residential property market as the tenants lease the property for longer periods and pay their bills on time, however the risks are if the economy is not doing well and unemployment rate is higher this in adversely affects the rent value and tenants find it hard to pay their bills on time.
There are many commercial investment options, including shared tenancy, a retail shop with a house for the tenant’s family, this offers a double income stream, small industrial factories and offices, retail outlets, fast-food outlets are few of the available commercial investment options.
While the risks associated with commercial property are higher than residential, the benefits can be significantly greater. It is recommended to diversify the investment to get maximum output and reduce the risk.