Should You Purchase a Property Next to A School in Pakistan? Here Are the Pros and Cons

In this day and age, real estate has become a very important investment option for many people across the globe. One can buy a property in an urban area or even in a rural location to use it as their residence or business office.  

But if you are planning on investing your money in property, then there is one thing that you should always keep in mind — proximity to schools. If you have decided to invest in property near a school, then there are some things that you need to know about the pros and cons of such an arrangement. 

A school is usually located close to residential areas, which means that it will be easier for you to sell the property once you decide to move out. Schools also attract students from all over the country, so you can expect good demand for your property when you put it up for sale.  

Another advantage of buying property next to a school is that you will get more value for your money since the local authority would not allow any construction in the vicinity of the premises. Let’s take a look at all the pros first: 

1. It Will Be Easier to Sell Your Property After Moving Out

If you live in an apartment building, then chances are that you may decide to move out one day. If you are living next to a school, then you will find it easier to sell your property after moving out since the authorities would not let you build anything close to the school premises. 

2. Good Demand For Your Property When You Put It Up For Sale

Another reason why you should buy property next to a school is because it attracts lots of buyers. There are many parents who want to buy properties near schools for their children to study in. These kinds of properties are often sold within a short period of time. 

3. You Can Expect Good Returns on Investment

When you buy a property next to a school, you will be able to earn good returns on your investment. Since there is already a demand for the property, you can expect good rental income too. This means that you will be earning money without having to do much work. 

4. More People Are Likely to Buy Properties Near Schools

The number of people who are likely to purchase property near schools is higher than those who don’t. Most parents will want to live close to schools so that they can watch their kids play and grow. As a result, you will see that the demand for properties next to schools is high. 

5. You Will Get More Value for Your Money

Since the government does not allow any construction in the vicinity of the school premises, you will be able to get more value for your money when you buy a property next to a school. 

These are some of the reasons why you should buy property next to a school. However, before making your final decision, you should also take a look at the cons: 

1. You May Have Trouble Selling Your Property After Moving Out

This is the most obvious con of purchasing property next to a school. If you decide to move out of your property and sell it, then you will have to wait for a long time before finding a buyer. Moreover, you may have trouble selling your property since there will be no construction allowed in the vicinity of the school. 

2. The Local Authority Will Not Allow Any Construction

The local authority will not allow any construction in the vicinity of the school. This means that you will not be able to construct a new building on your property. If you plan on renovating your property, then this could pose a problem for you. 

3. You Will Have to Pay Higher Taxes

You will have to pay higher taxes if you decide to buy a property next to a school. The local authority will impose higher taxes on the property since it is located in the vicinity of the school. 

4. You Will Have to Deal with Lots of Noise

If you decide to buy a property next to a school, then you will have to deal with lots of noise. Students will come and go from the school during the day and night. They will also use the playgrounds for sports activities. As a result, you will hear loud noises coming from the school almost every day. 

5. You Will Need to Spend More Money on Maintenance and Repairs

If you decide to buy a property next to a school, then you will need to spend more money on maintenance and repairs. You will also need to hire a private security guard to ensure that your property remains safe. 

Final Words 

If you want to buy property next to a school, then there are some things that you should keep in mind. Before making your final decision, you should consider all the pros and cons of buying a property next to a school.