The demand for housing in Swat has increased more than ever since the recent boom of tourism and business activities in the valley. It is predicted that schemes swat housing will grow further and will benefit you as the people continue to consider buying and renting properties in swat.
Table of Contents
Tips for Buying a House or Other Property in Swat
Property is the biggest purchase you’ll ever make, so spend time doing your homework to make sure you get it right. Here are our top five tips to get you started.
Understand Your Local Market of Swat
An easy way to work out what’s happening in your local market is to count ‘for sale’ and ‘sold’ boards, which will tell you if your chosen area has a fast-moving, static or falling market.
Next, understanding the difference between the advertised property price and what properties are actually selling.
Find a Good Local Estate Agent in Swat
You will need to find the best agent in your area who can actively lookout for the best property for you. Ask friends and neighbors for their recommendations as well as looking for the one who has the most ‘For sale’ boards in the area.
Consider Different Types of Property
You may have a preference for a new-build or period property. However, not all new-builds are ‘boxes’ these days and not all period homes have ‘character’.
Old properties require more maintenance and heating – and if the building is listed, the costs and hassle of doing work are high.
Freehold properties are highly desirable, but you have to pay for 100% of the costs while a flat that is leasehold may mean you can spread the costs of repairs – depending on the lease and service charges.
So make sure you are open-minded about different property types and always compare the pros and cons.
Think Long Term
You need to think about your financial situation and how you would pay the mortgage if your circumstances change – whether that’s having a child, losing your job, or separating from your partner.
Could your property be easily rented out and will the monthly rent cover your outgoings? Perhaps renting out a spare bedroom will be enough to tide you over during financial difficulties.