Investing in real estate assets that are in close vicinity to the highway, expressway or motorway has a lot of benefits. However, it is best to do thorough research before making any investment.
It is also common practice among developers of new housing society projects to go great lengths to put emphasis on the fact that their real estate projects are very close to the highway. The reason for this is to increase the market value of their real estate projects. Although there are many advantages to living near the highway, there are disadvantages as well.
But one of the main reasons why people buy property near the highway is to escape the city’s traffic and have quicker access to neighboring cities. This saves the investor a lot of time. You may also like to learn about the Nova City.
Benefits of investing in real estate property near the Highway
Many people find the city traffic to be soothing and an escape from things. This is not the case with everyone though, and some people consider being stuck in traffic as their worst nightmare. Read more about Kingdom valley islamabad noc.
The vehicles stuck in traffic will not only try their best to speed by you but these cars will also be accompanied by loud, noisy horns. These sounds, however, give the feeling of living in a community. Just like every other housing society, investing in one near the highway also comes with its pros and cons, with more people thinking that it’s a bad investment. In reality, investing in a project near the highway is a good investment. Following are some pros to investing near the highway. Read more about blue world city payment plan.
- POCKET-FRIENDLY PRICES:
Most people think that residential plots and housing schemes near the highway are expensive but in reality, they are less expensive as compared to residential schemes near the city. Although it’s not always the case that the plots are inexpensive, real estate property owners trying to sell their plots near the highway often face difficulties. This is because most buyers worry about how noise from the highway will impact their daily lives.
- FUTURE DEVELOPMENT:
Highways are often seen as signs of a suburban population expanding. Apart from this, highways also signify the development of new city frameworks, additional commercial projects, and an increase in the rural lifestyle. While all these developments may be appealing to some people, investors who invested in a quieter and harmonious location will gain more benefits from it. This might result in a destructive impact.
- BUSINESS POTENTIAL:
The presence of a retail market area or shopping center near a highway can lead to more traffic and make the business more visible to the local audience. Investing in commercial areas near the highway is also an excellent option for small companies that do not have the fundings to invest in the urban area real estate. This makes it easier for the large-scale Metropolitain area to broaden its reach.
- EASE OF ACCESSIBILITY:
The highway makes it very easy for people to get to their destination quicker without bothering themselves with the hurdles of figuring out street addresses and complicated routes. With the development of a highway, the market value of real estate property tends to increase, especially if the property is connected to a larger network of roads in the city. It makes traveling to and fro very simple.
- INVESTMENT OPPERTUNITY:
Even if the investor has no desire of living near the highway, it still accounts for a good investment opportunity. Putting up the second home for rent as a hostel, Airbnb, or simply as a holiday rental will bring in good profit. Renting out the house will maintain a stable source of income, with a 100% chance of rents going up each year.
Even though some people would not prefer living near the highway due to the commotion, it still accounts for a good investment opportunity. Investors with less funding can always invest in real estate projects near the highway and use it to their own benefit for a good profit return.
Muhammad Junaid is a senior Analyst and Search Engine Expert. Extensive experience being a lead writer in GreyBricks Marketing | Rudn Enclave. Work for years with local and international enterprises. Also, represent well-known brands in the UAE.