Should You Invest In An Unfilled Plot? – Answering A Million Dollar Question
Many people avoid buying unfilled plots when buying a property. Unfilled plots are typically those which are unleveled and can go as deep as 15-20 feet. The prices of unfilled plots are generally lower than general market rates and hence the client-disinclination to them. However, unfilled plots aren’t always in negative. They can be advantageous as well in some aspects. Here we have gathered some interesting information on unfilled plots about how they can be a perfect purchase in certain aspects!
There is a clear difference between the prices and the value of unfilled and filled plots. If we talk about basement plots, then their prices are lower than level plots. Some experienced agents from Bahria town Rawalpindi have explained that there is always a big difference in the prices of unfilled plots and filled plots that ranges between PKR 200,000 to PKR 300,000. So, if you have a tight budget and you want to buy a plot in the most prevalent city, then you should go for buying an unfilled plot which will be ideal for you.
Structure of Basement:
Unfilled plots are usually termed as basement plots by real estate agents. These plots help homebuilders save a significant amount of money by taking the digging part out when constructing a basement.
Those without the experience of homebuilding, basements are a new way of adding value and space to your home. Adding one to an already built house is far costlier than building one when your house is being built.
Though, if you are not planning to build a basement, then you will have to spend a large amount of money on the land leveling. Moreover, the amount will be much higher than the price difference between unfilled and filled plots so, in that very particular case, you have to avoid buying unfilled plots.
According to experts, the difference from PKR 200,000 to PKR 300,000 does not show the value of unfilled plots. For example, In Bahria Town Rawalpindi, both unfilled and filled plots are in high demand. The prices of unfilled plots rise just like the normal plots despite the constant price difference.
If you are interested in a piece of land that will sell quickly and offers high returns, then don’t go for an unfilled plot. These plots will take time to show any movement in the market. Besides, unfilled plots are typically for medium to long-term investors because they are in wait for good returns and always available at the time of selling. They will get the return on investment according to that particular society and trends of the market.
Summarizing the article; we suggest you that unfilled can be a great deal of purchase if you want to build a home with basement. However, if you are a short-term investor, then steer clear of these plots as they are not beneficial for short-term investors.