Investing In Penthouses
Until the early noughties, penthouses were basically restricted to Karachi. On the other hand, throughout the most recent five years, their development has expanded in Islamabad, and as of late in Lahore, because of an expanding yearly request of 5% to 8%. No big surprise then, penthouses is picking up footing among speculators and mortgage holders alike.
If you are thinking about buying, renting or investing in a penthouse, figure the accompanying:
Located on the top floor of apartment buildings, penthouses are positioned as luxury homes; residents enjoy privacy and much reduced noise pollution as they do not share floor space with other people.
COVERING A WIDE AREA.
The covered area of a penthouse is significantly higher than an apartment and for the most part ranges somewhere around 3,000 and 4,000 square feet. Penthouses can consequently oblige higher roofs and bigger windows and galleries than flats, and highlights, for example, rooftop gardens.
MAINTENANCE COST .
The support expenses are generally higher (5 to 8 percent) contrasted with flats, because of bigger secured regions and dust sway. Penthouses are generally more sizzling, bringing about higher electricity bills.
RESALE AND RENTAL VALUE .
The resale and rental estimations of penthouses are 10 to 15% and 20 to 25% higher than apartments, respectively. Be that as it may, because of these higher costs, penthouses have a tendency to take more time to offer.
Penthouses are accessible in the accompanying areas in Pakistan; Islamabad – Sector E-11 and F-10; Karachi – Clifton, Defence, Gulistan-e-Jauhar and PECHS; Lahore – Cantonment and Gulberg.
The prices of penthouses (in rupees) in Pakistan are as follows: