This is an ongoing debate since years. When you set aside a sum for long term or short term investment purposes, the biggest question is the mode of investment. If you decide on real estate as your basket then the next big question is land or house. There are many pros and cons of both. Due to this one option might be of great profit to you while the other might make you lose money. 

We are bringing a detailed perspective on both options to you so that you can make an informed decision. Following are differences between both the options:

 

1.    The first and foremost difference is the level of maintenance required in both modes of investment. An apartment obviously requires regular maintenance whereas a plot doesn't need any day to day upkeep. If and when you decide to sell the house, you will have to check for all the work that needs to be done on the place for it to be sold at a good price. Houses get old with time so they definitely need tender love and care. Plots require no input. You can even rent out plots for events and parties without having to do anything. 

 

2.    Price. This is another factor that plays a huge role. For example, you have an amount of PKR 2 Crores. In this amount you will be able to afford a bigger plot in the same area than a house or apartment. The reason being that the cost of the house or apartment includes the construction cost too and that makes them more expensive. 

 

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3.    Even for personal living purposes, buying a plot is a much better option than buying a constructed house. With a plot you will have the option of getting a house constructed in whichever way you want it to be made. But a readymade house might need a lot alterations and changes before it ends up meeting all your needs, specifications and requirements. 

 

The thing with opinions on such topics is that two people will always have a different perspective on one thing. You may feel that investment in ready-made property is lucrative for you, which is fine too. This is a list of pros and cons that we believe our followers should know before they make an investment choice for themselves. If you need more information or guidance on any other topic, do let us know and we shall provide promptly.

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