Relocating to a New Society? Here’s What You Should Know
It is far more important than buying a property, as it significantly affects the lifestyle and preferences of the residents in countless ways. However, there are some important factors that you should consider before moving, as they help with the process and prevent chaos.
Moving to a new society is an entirely new experience that involves choosing a new lifestyle. It is far more important than buying a property, as it significantly affects the lifestyle and preferences of the residents in countless ways.
However, there are some important factors that you should consider before moving, as they help with the process and prevent chaos.
Factors to consider while moving to a New Society
Some of the most important characteristics to look for while opting for a new society are listed below for your convenience.
1. Legal Status of the Society
First, you should be sure about the legal status of the society that you have decided to move to. It is important in order to avoid any legal issues and to make your investment secure. The society must have an approved no-objection certificate (NOC) from various authorities. Also, check approvals from utility boards like water, gas, and electricity.
For example, Dream Gardens Housing Society by Izhar Monno Developers in Lahore, Pakistan, completed Phase I 1.5 years ahead of time. It proves that they have taken legal planning and execution seriously.
2. Access & Location
You must become aware of the exact location and access of the society that you are going to move to. Sometimes societies offer many benefits, but they are far from the main amenities. This increases the commuting time, and the basic facilities are also not easily available.
All these factors directly impact the daily comfort level and value of the property. Therefore, always calculate distance and time to main roads, hospitals, schools, etc.
Many societies in Lahore are examples as they are very far away from basic amenities like hospitals, schools, and main roads.
3. Amenities and Infrastructure
Society may sound good to you when you hear about it; however, it may not offer the amenities for a comfortable lifestyle. Moreover, the infrastructure, like roads, drainage, security, water, gas, and electricity are important factors to consider before making the final decision. They directly affect the resale value and the living quality.
For example, Dream Gardens Housing Society offers amenities like a sports complex, wide carpeted roads, parks, mosques, a community centre, etc.
4. Safety & Security
This is one of the most important factors to consider while choosing a society to live in. You move to a new society to get more benefits, but not at the cost of your peace of mind or risk to your family’s security. That is why it is essential to make sure that society offers safety and security to its residents.
Some of the features to look for are gated communities, premier walls, limited access, mobile security patrols, and CCTV cameras. Moreover, many new societies are now implementing underground electrification systems. This system prevents the risk of damage or outages, and is a modern infrastructure feature.
5. Resale Value and Investment Potential
Property is an investment, even if you are buying it only for living purposes. Therefore, always make an estimation of the demand, resale, and growth potential of the society that you are planning to move to.
Another important aspect to consider is that societies with proper legal status and strong infrastructure are the ones with strong growth potential. One method to check out the growth potential of the property in a particular society is to see the price trends in the past few years.
For example, the reported annual rental yield in Dream Gardens Lahore Phase II is between 5-6%.
6. Prices & Payment Plans
Look for the financial burden that you are going to bear in case of buying or renting property in a specific society. No matter how much more society is offering, if the prices are too high, it will be very difficult to cope in future. You should ask for the total costs in detail and any additional charges, such as utility connections, maintenance, etc. The duration of the installment plan is also another important factor, and ask if there are discounts for a lump sum payment. Hidden costs such as registry and transfer charges should also be discussed in advance.
7. Lifestyle & Community
Neighbours, culture, environment are some of the factors that ahs to be considered before moving to a new society. Having lush green parks, nice neighbourhoods, mosques, a less noisy place, and ease of interaction and commute are some aspects that make the society more livable and comfortable for the residents.
You should visit the society at different times of the day to observe how noisy, clean, or populated it is at different hours. Also, check if schools, hospitals, restaurants, and supermarkets are nearby or not.
For example, in Dream Gardens, society includes commercial markets, banks, etc., providing convenience without long travel.
Conclusion
Choosing or moving to a new society is an act that needs careful attention to the necessary features to prevent any uncomfortable situation in the future. Remember that you are seeking comfort for yourself and your family. Therefore, it should be decided after careful consideration of all the factors mentioned above.
