Advantages and Disadvantages of Owning a House Portion in Karachi
The real estate market in Karachi is known for its size and high prices, making it a significant investment opportunity. The city’s expanding urban area has contributed to the growth and diversity of the local property sector.
In addition to the prevalent apartment culture, the practice of dividing houses into multiple portions and selling them is common in Karachi. Popular neighborhoods like PECHS, Nazimabad, North Nazimabad, Gulshan-e-Iqbal, Gulistan-e-Jauhar, and Federal B. Area offer such properties.
So, is investing in a house portion a viable choice for you? What are the main advantages and disadvantages associated with this type of investment? In this article, we will explore these questions and provide insights into the benefits and challenges of owning and residing in a house portion. Be sure to read the entire article for a comprehensive understanding.
Discover the key benefits and drawbacks of investing in a house portion in Karachi.
Let’s start by highlighting some of the notable benefits of residing in a house portion.
Let’s explore the advantages of owning a house portion in Karachi.
Affordable Investment Option in Karachi: House portions in Karachi present a cost-effective investment opportunity, with prices typically ranging from half to two-thirds of a complete house. Unlike apartments in commercial areas, house portions are situated in serene residential surroundings, offering a peaceful living arrangement. This affordability and tranquility make house portions a preferred choice over apartments in Karachi.
Community Living Experience: Living in a house portion fosters a strong sense of community that may be lacking in separate houses. With shared entrances and common outdoor spaces, residents have the ideal setting to actively engage in communal activities and socialize with their neighbors. This sense of community living enhances the overall experience of residing in a house portion in Karachi.
Enhanced Safety in Karachi: Residing in a shared property with two or more families provides an added layer of security compared to living alone in a house. By informing your neighbors of your absence, they can keep an eye on your property, and you can reciprocate the favor. To further bolster security measures, considering the installation of CCTV cameras at the main entrance and corridors of the shared housing complex, in consultation with other residents, can provide peace of mind.
Shared Maintenance Costs in Karachi:Another significant advantage of living in a house portion in Karachi is the division of maintenance expenses. From repairing leaking pipes and addressing seepage issues to conducting maintenance, renovations, and enhancing the shared spaces’ exterior or interior, these costs are typically shared among the families residing in the portion. This shared responsibility makes living in a house portion more financially viable compared to owning a separate house, where all maintenance expenses would be solely borne by the owner.
Purchasing a house portion comes with certain drawbacks that need to be considered. These disadvantages include the following:
Let’s explore the disadvantages of owning a house portion in Karachi.
Privacy Concerns: One of the major disadvantages of opting for a house portion in Karachi is the potential lack of privacy. Living in a portion system means sharing common spaces, such as entrances, lawns, terraces, and patios, with other families residing in the housing complex. This arrangement may hinder your desire for a private and secluded living environment.
Shared Utility Bills: In a house portion setup, the utility bills are divided equally among all the families residing in different portions of the same house. However, this division might be inequitable, particularly for smaller families with lower energy consumption compared to larger families with multiple household members. It can result in an additional financial burden in terms of monthly utility expenses for the owners of house portions.
Parking Challenges: Investing in a house portion also brings potential parking issues. As shared living complexes provide access to outdoor spaces for all residents, including car porches or garages, there is limited parking capacity available. This means that residents may need to park their vehicles on the street if the allotted parking spaces are occupied. Failure to reach a mutual agreement regarding parking arrangements can lead to regular conflicts and disputes among the inhabitants of the portion system.
So, here you have a comprehensive overview of the significant advantages and disadvantages of investing in a house portion in Karachi. It’s crucial to thoroughly evaluate these factors before making your buying decision to ensure a well-informed investment in a house portion in Karachi.
