Whether it’s an investment or a legitimate transaction, the buyer is nearly always picky about the property they want to acquire. Many of us are probably already aware of which plots are suitable for investing as well as for building our houses, and which are not. However, there are others – generally real purchasers seeking for a parcel of land on which to construct their home – who overlook the variables that render an obviously great plot less desirable.
Let’s take a look at holdings that are regarded as a good investment inside a housing society, as well as the elements that explain why certain plots are more costly and offer a higher potential for future value growth.
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Corner Plots
A plot on the edge of a block may occasionally have more space than the standard plots in a community. Buildings on corners can have two openings. A corner plot is generally more costly at the start of a private housing plan, 10 percent more costly on average. While speculators are usually looking for corner plots for a variety of reasons, real purchasers should be aware that a corner property might occasionally intrude on your comfort and privacy.
Park-facing Plots
Plots facing parks are more desirable since they have a front view that is planted and green as well as the notion that there will never be a building in front of your home. The sale of plots facing parks is typically 10% to 15% higher in home projects that haven’t yet made it to the secondary market. While some believe that a property near a park may see more foot and vehicle traffic than usual, having a lovely green area right next to your home is an advantage that is worth spending the additional money.
Plots located on main roads
Plots close to the main roadway and or broader roads are usually more costly, whether they are on the secondary market or the primary market. Their prices vary from project to project and from developer to developer; the price difference is typically 10%. Wider lanes and major highways provide more outside parking space, if temporarily, and make it much simpler to turn the automobile around.
Plots located near commercial attractions
It is a terrible investment to have your property directly in front of a busy business location, but it is okay to have it closer by. Being close to the local market allows you to avoid driving and save money on fuel, which makes plots near commercial buildings more in demand and hence more costly.
But unless you experience what poor plots are like, the benefit of good plots isn’t truly apparent. Which is why you should contact Executive Homes Realty inc. Brokerage best real estate brokerage in Mississauga (Canada). Like any other brokerage they can provide you a comprehensive guide on what and how to buy the best property for you. The difference is that Executive Homes Realty happens to be one of the best and most popular multicultural brokerages in Canada. Contact them to know more.
