Buying your first plot is a big step. It’s exciting, but it can also be tricky. Many new buyers make small mistakes that lead to big regrets later. If you’re planning to invest in Lakeshore City—nestled between majestic mountains and offering a breathtaking dam view—then you’re already on the right track. With an easy 60-month installment plan and no down payment or confirmation charges, the offer is ideal for beginners. But still, watch out for these 5 often-overlooked things before making your move.
1. Skipping Plot Verification
This is a common real estate mistake, especially among beginners. Just because a plot looks good on paper doesn’t mean it’s free from disputes or legal issues. Always verify the plot before buying. Check with local authorities in Haripur to confirm land ownership and boundaries. A verified plot protects you from future legal troubles and helps you invest confidently.
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2. Ignoring Legal Considerations
Many first-time property buyers don’t fully understand the legal side of property purchases. Don’t skip this part. Make sure all property documentation is in place. This includes the title deed, allotment letter, and NOC (No Objection Certificate). If you’re unsure, consult a legal advisor. Even one missing paper can delay possession or create bigger problems down the line.
3. Not Reviewing the Payment Plan Closely
Yes, a no down payment option is amazing. But don’t forget to review the entire payment plan. Understand what’s included in the monthly installment and what isn’t. Ask if there are hidden charges. Luckily, in Lakeshore City, your booking amount of PKR 25,000 also covers your first installment, making the deal transparent and affordable. But in general, always read the fine print.
4. Missing Out on the Site Visit
Photos and videos are helpful, but they don’t replace a real-time site visit. Walk the land. Feel the area. Look at the roads, surrounding plots, and nearby facilities. Is it accessible? Is development work going on? This step helps you avoid blind spots in your investment decision.
5. Forgetting to Plan for the Future
Some people buy plots only based on today’s affordability. That’s fine—but don’t ignore future value. Look at nearby development, infrastructure projects, and commercial activity. Buying without thinking about investment risks in real estate might leave you with a non-performing asset. A good location, like one with scenic views and planned commercial zones, usually offers better returns.
Plot Buying Checklist (Quick Recap)
- Verify the land from legal authorities
- Double-check all documents
- Understand every part of the payment plan
- Do a physical site visit
- Think long-term and check development prospects
Why It’s a Smart Buy
With options like residencia, commercial plots, and farms, there’s something for everyone. Plus, the flexible plan (60 months, no hidden fees) and prime location make it perfect for first-time buyers. Add the peaceful surroundings and affordable rates, and you have a winning combo.
FAQs
1. What documents should I ask for before buying a plot?
Ask for the title deed, allotment letter, and NOC from authorities.
2. Can I book a plot without paying a down payment?
Yes, you can book with just PKR 25,000, which also counts as your first installment.
3. Is it safe to invest as a first-time buyer?
Yes, if you verify documents and follow a plot buying checklist.
4. How long is the installment plan?
The plan offers easy monthly payments over 60 months.
5. What types of plots are available?
Residential, commercial, and farm plots are all available.
6. Can I visit the site before booking?
Absolutely. A site visit is encouraged to make a better decision.
